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Carbon Footprint Management - Global Market Trajectory & Analytics

  • ID: 4804686
  • Report
  • January 2021
  • Region: Global
  • 216 pages
  • Global Industry Analysts, Inc
Global Market for Carbon Footprint Management to Reach $12.2 Billion by 2027

The global market for Carbon Footprint Management is projected to reach US$ 12.2 billion by the year 2027, trailing a post COVID-19 CAGR of 5.7% over the analysis period 2020 through 2027. The market for carbon footprint management constitutes services and solutions which aid in managing carbon footprint. Carbon footprint services include managed services and professional services that aid in the management of carbon footprint of an organization. During the past few years, the market has registered considerable growth, due to global warming, rising concerns regarding changes in climate, and focus on having an international agreement related to carbon emission. Growing awareness among organizations related to calculating carbon footprint and reporting it, focus on lowering carbon emissions through efficiencies in operations, need to minimize operational costs, and compulsory carbon footprint regulations and management policies are also fueling market growth. Further, increasing corporate social responsibility programs and rising focus on enterprise sustainability among organizations is driving gains in the market. At present, many organizations are implementing a strict approach for calculating and managing their carbon emissions and are making considerable investments for the purpose. Also, advancement of telecom and IT infrastructure is expected to bode well for the market. Further, the transition to very low emission transportation solutions is likely to drive gains. Growing focus among energy-extensive sectors on carbon footprint management is also anticipated to drive market growth. Further, the rising support for carbon trading is expected to stimulate the market in long term. But the global market is expected to be restricted by the significant costs related to the use of low carbon emitting and eco-friendly infrastructure as a substitute for the present infrastructure.

Also, the ambiguity related to strategic benchmarking and regulatory structure is likely to restrain growth. The significant initial investment is anticipated to pose as an entry barrier for new companies seeking to enter the market. Nevertheless, there exist growth opportunities for the market, given that adoption in various industries is expected to surge in the forthcoming years. Recent wildfires, hurricanes, and other natural disasters across the globe are all demonstrating that the damage and devastation caused by climate change has mounted. Several regulators are now recognizing global warming as a systematic economic risk, while investors are increasingly focusing on assessing the threats of climate change to their portfolios. Climate change presents significant risks to asset owners, as well as offers tremendous opportunities to those invested in companies that are likely to benefit from the world transitioning to a lower carbon economy. While a large number of asset owners are seeking to prioritize climate change risks in their portfolios, many of them are facing challenges in doing so. Apart from the difficulty of quantifying the extent to which companies' employees, properties, and supply chains are exposed to physical climate risks, they also need to grapple with ways to quantify transitional costs, such as changing consumer behavior and policy changes, which could additionally impact market valuations. An individual company's greenhouse gas emissions can be calculated by its direct emissions associated with electricity use and emissions from its trucks, steel furnaces, cement kilns, or natural-gas or coal power plants.

However, there could also be emissions from non-direct sources related to peripheral activities, including product use, customer logistics, or supply chains, which are more difficult to assess owing to double-counting and lack of data, and hence are often overlooked while calculating a business's carbon footprint. One of the simplest strategies for addressing climate change risks in portfolios could be investing in high-quality companies with a structurally lower carbon footprint. It has been found that high-quality companies with a high return on operating capital employed not only offer better returns to their investors but also usually have a smaller carbon footprint. These businesses could include IT and software service providers, or media content and consulting firms, whose carbon footprints are typically restricted to staff travel, offices, and data centers. In recent years, many of the large software companies have made giant strides towards sustainability and are increasingly building more energy-efficient offices and sourcing renewable energy for powering their data centers. In addition, investing in companies involved in directly contributing towards Decarbonization, such as producers of renewable energy, could enable investors in reducing carbon exposure within their portfolios. However, such pure-play companies are generally scarce, and hence the next best approach would be to invest in businesses that are exposed to business areas contributing towards energy transition, such as companies offering renewable energy and smart grid equipment.

Select Competitors (Total 36 Featured):
  • Accuvio
  • Carbon EMS
  • Carbon Footprint Ltd.
  • Cority Enviance
  • Enablon SA
  • EnergyCAP, Inc.
  • ENGIE Impact
  • Envirosoft Corporation
  • Intelex Technologies Inc.
  • IsoMetrix Software
  • Locus Technologies
  • NativeEnergy, Inc.
  • ProcessMAP Corporation
  • Salesforce.com, Inc.
  • SAP SE
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Impact of COVID-19 and a Looming Global Recession
  • EXHIBIT 1: Job Losses in Clean Energy Sector in the United States (In 000s)
  • Global Carbon Emissions Set to Drop to Lowest Ever Level Amid COVID-19 Pandemic
  • An Insight into Carbon Footprint Management
  • Primary and Secondary Footprint
  • Leveraging Technologies to Reduce Carbon Footprint
  • Market Prospects and Outlook
  • Recent Market Activity
  • EXHIBIT 2: World Carbon Footprint Management Market by Component (2020 & 2027): Percentage Breakdown of Revenues for Solutions, and Services
  • EXHIBIT 3: World Carbon Footprint Management Market by Vertical (2020 & 2027): Percentage Breakdown of Revenues for Energy & Utilities, Manufacturing, Transportation & Logistics, Residential & Commercial Buildings, and IT & Telecom
  • Geographic Analysis: North America and Europe Lead the Market
  • EXHIBIT 4: World Carbon Footprint Management Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • EXHIBIT 5: World Carbon Footprint Management Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Rest of World, USA, Europe, Canada, and Japan
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • Managing Risks of Climate Change with Investments in High-Quality, Low-Carbon Businesses
  • Reducing Carbon Footprint of Building Materials in Healthcare Buildings
  • Potential of Edge Computing & IoT in Carbon Footprint Reduction
  • Rising Concerns over Increasing Carbon Emissions Drive Focus onto Carbon Footprint Management
  • Regulatory Mandates and Policies to Reduce Carbon Emissions: A Major Growth Factor for CFM Market
  • Domestic Targets for Greenhouse Gas Emissions of Select Regions/Countries
  • EXHIBIT 6: Rising Carbon Dioxide Emissions Drive Focus onto clean Energy: Global CO2 Emissions Breakdown (in %) by Region for 2019
  • EXHIBIT 7: World Ranking of Most Polluted Countries: 2018
  • Crude Oil’s Expanding Carbon Footprint Necessitates CFM
  • EXHIBIT 8: Global Oil Production: Percentage Breakdown of Production Volume by Onshore, Offshore, and Offshore Deepwater Activity for the Years 2011, 2015 and 2021
  • EXHIBIT 9: Average Annual OPEC Crude Oil Price (in $/barrel) for the Years 2010 through 2020 (May)
  • Evolving Role of CCS Technologies Augurs Well
  • R&D in CCS Continues to Gain Pace
  • Issues Impacting Clean Technologies amid COVID-19 Pandemic
  • Potential Role of AI in Reducing Carbon Footprint and Managing Environmental Issues
  • Concerns over Rising Carbon Footprint of ICT Industry Drives Need for CFM
  • Increased Importance of Clean Coal Technologies Favors Growth
  • Prospects Remain Robust for Clean Coal Technologies
  • CFM Solutions Seek Role in Advanced Ultra-Supercritical Power Plants
  • Select Recent Innovations
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • GEOGRAPHIC MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • REST OF EUROPE
  • ASIA-PACIFIC
  • REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 58
Note: Product cover images may vary from those shown
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