Carbon footprint is the measure of the contribution of human and industrial activities in terms of emissions of carbon dioxide (CO2) and its equivalent in other greenhouse gas (GHG) emissions. It is expressed in a common unit tCO2e (tons of carbon dioxide equivalent). In general, GHGs are emitted through automobiles, land clearance, production and consumption of food, materials, wood, fuels, manufactured goods, roads, buildings, and services.
Carbon footprint management refers to examine and focus on business areas where cost-reduction can be achieved through minimizing energy use, raw material consumption and waste generation. The global carbon footprint management market is made up by the solutions and services that help manage the carbon footprint of an enterprise. Market for carbon footprint management has grown substantially over the last few years, with the level of government support and market demand being the most significant driver on the horizon.
Today, all the industries are responsible, to some extent, for the rise in the emission of GHGs, with oil & gas and aviation industry being the major visible offenders. But, with the growing consumer and regulatory pressure, all the companies are being compelled to manage their carbon footprint. There is an increase in awareness among industries regarding the need to manage their energy use strategically.
Efficient carbon footprint management involves range of activities such as measuring impact of carbon footprint of various business activities, identifying and implementing a reduction & control strategies and subsequently communicating achievements to stakeholders.
Energy and carbon footprint management are increasingly becoming vital attributes of modern businesses. In recent years both have emerged as a significant challenge and an opportunity for creating long term stakeholder value. In order to meet these challenges and to deliver results, enterprises are looking for depth of specialist engineering and advisory expertise.
The market growth of carbon footprint management is driven by factors such as increasing awareness regarding measuring and reporting carbon footprint among enterprises, demand for minimizing carbon emissions with the help of operational efficiencies, need to reduce operational costs, mandatory regulations & carbon footprint management policies, enterprise sustainability & CSR programs and increasing cost and demand for the primary energy sources.
Presently, most enterprises follow a rigorous process to calculate and manage their carbon emissions. Carbon footprint management solutions are expected to play a vital role in the development and implementation of green initiatives taken bythese enterprises, aimed to strengthen their reputation as a sustainability leader, differentiating them from competitors. In line with this goal, enterprises are allocating significant share of their budgets for managing their carbon emissions and an appreciable portion of these investments are expected to flow into the carbon footprint management market.
Key Market Players
The major players active in the global carbon footprint management market include Thinkstep, Natural Capital Partners, VelocityEHS, Aurecon Group, Carbon Solutions Global Ltd., Carbon Trust, ProcessMAP, Greenstone+, Verisae, Inc. and Enviance.
Overall it can be concluded that the growth prospects of the carbon footprint management market are promising, as adoption across all the sectors is set to increase in the foreseeable future.
The report covers exhaustive analysis on:
- Carbon Footprint Management Market Segments
- Carbon Footprint Management Market Dynamics
- Historical Actual Market Size, 2014 - 2015
- Carbon Footprint Management Market Size & Forecast 2017 To 2027
- Ecosystem Analysis
- Carbon Footprint Management Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain Analysis
- Carbon Footprint Management Market Drivers and Restraints
Regional analysis for Carbon Footprint Management market includes development of these technologies in the following regions:
- North America
- Latin America
- Rest of Latin America
- Asia Pacific
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- The Middle East and Africa
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Carbon Footprint Management Market Segmentation:
Global Carbon Footprint Management market is mainly classified on the basis of type, deployment, verticals and regions.
On the basis of type, global carbon footprint management market is segmented into
On the basis of deployment the market is segmented as
- on demand
On the basis of verticals the market is segmented as
- IT & Telecommunication
- medical & healthcare
- oil & gas
On the basis of regions, the market is segmented into 7 key regions:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Middle East & Africa
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.