The carbon & energy software includes the software applications, which provide services such as real-time metering, building simulation & modelling, carbon sustainability reporting, utility bill tracking, & energy audits. Rise in operational costs & increase in need to reduce energy consumption have fueled the demand for carbon & energy software. In addition, increased concerns towards climate change have made various governments to work towards reducing carbon emissions, which supplements the market growth. Moreover, increase in traction of sustainability management across various industries such as retail, manufacturing, & telecommunication boosts the growth of market.This growth is primarily driven by Increasing need to reduce energy consumption and operational costs, Growing concerns towards reducing carbon emissions and Increasing popularity of sustainability management.
Globally, a noticeable market trend is evident Emergence of analytics in carbon and energy management software
. Major Players, such as CA Technologies (United States), IBM (United States), SAP (Germany), Schneider Electric (France), ACCUVIO (United kingdom), AssetWorks (United States), Ecova (United States), Carbon Clear (United kingdom), Enablon (France) and Enviance (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Increasing need to reduce energy consumption and operational costs
- Growing concerns towards reducing carbon emissions
- Increasing popularity of sustainability management
- Emergence of analytics in carbon and energy management software
- Proliferation of smart grid
- Evolution of digital oil field framework
- Long period of Return On Investment
Growing need to monitor & assess energy consumption by various industry sectors and Favorable government initiatives due to increasing global warming
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