Carbon Intensity Monitoring for Shipping Global Market Report 2025

The carbon intensity monitoring for shipping market size has grown rapidly in recent years. It will grow from $1.03 billion in 2024 to $1.2 billion in 2025 at a compound annual growth rate (CAGR) of 16.9%. The growth during the historical period can be attributed to factors such as rising regulatory pressure, increasing fuel costs, growing environmental awareness, higher fuel consumption, and escalating carbon emissions.

The carbon intensity monitoring for shipping market size is expected to see rapid growth in the next few years. It will grow to $2.22 billion in 2029 at a compound annual growth rate (CAGR) of 16.5%. The growth during the forecast period can be attributed to the increasing adoption of alternative fuels, rising investment in green technologies, growing demand for carbon-neutral shipping, heightened stakeholder pressure, and a stronger emphasis on sustainability. Key trends in this period include technological advancements, the development of alternative fuels, increased investment in research and development, innovations in ship design, and the establishment of green shipping corridors.

The increasing vessel traffic is expected to drive the growth of the carbon intensity monitoring for shipping market in the coming years. Increasing vessel traffic refers to the rising number of ships calling at ports, harbors, and terminals as global trade expands. Vessel traffic is growing due to a surge in container and bulk cargo volumes post-pandemic, fueled by the expansion of international trade and port throughput. Carbon intensity monitoring for shipping helps manage and reduce emissions per voyage, optimize fuel efficiency, and ensure regulatory compliance amid growing vessel traffic. For example, in February 2025, according to the Port Authority of New York and New Jersey, a US-based bi-state agency, monthly twenty-foot equivalent unit (TEU) volumes at its facilities reached 718,826, marking a 12 percent increase from February 2024, while December’s TEU total of 688,180 represented a 9 percent rise over December 2023. Therefore, the growing vessel traffic is supporting the expansion of the carbon intensity monitoring for shipping market.

Key companies are operating in the carbon intensity monitoring for shipping market, focusing on technological innovations such as reworked methodology to improve emissions measurement accuracy, enhance data transparency, and support compliance with evolving maritime decarbonization regulations. Reworked methodology refers to the updated calculation frameworks, measurement standards, and assessment criteria designed to more precisely evaluate and benchmark a vessel’s greenhouse gas emissions and carbon intensity performance. For instance, in September 2023, RightShip, a UK-based maritime risk management and environmental performance platform, launched the updated GHG 2 Rating, featuring an improved methodology aimed at increasing transparency and accuracy in assessing the greenhouse gas performance of vessels, thereby supporting efforts toward maritime decarbonization. The revised methodology incorporates new data sources and stricter evaluation criteria to provide more reliable and meaningful insights for shipowners, charterers, and regulators seeking to reduce shipping’s carbon footprint.

In November 2023, Danelec, a Denmark-based company offering ship performance monitoring, acquired Nautilus Labs for an undisclosed amount. Through this acquisition, Danelec aimed to integrate advanced AI-driven carbon intensity and voyage optimization capabilities into its ship performance monitoring solutions, enhancing its offerings for sustainable and efficient maritime operations. Nautilus Labs is a US-based company providing carbon intensity monitoring for shipping through its AI-powered platform.

Major players in the carbon intensity monitoring for shipping market are Hanwha Group, Wärtsilä Corporation, Bureau Veritas S.A., American Bureau of Shipping (ABS), DNV AS, Lloyd’s Register Group Limited, Gaztransport & Technigaz S.A. (GTT), Kongsberg Digital AS, ZeroNorth A/S, RightShip Pty Ltd, Veson Nautical Corporation, Marine Benchmark AB, Danfoss IXA A/S, Spinergie SAS, Blue Water Trade Winds Private Limited, CargoMetrics Technologies LLC, ClassNK (Nippon Kaiji Kyokai), Everimpact SAS, Raymetrics S.A., Tunable AS.

Europe was the largest region in the carbon intensity monitoring for shipping market in 2024. Asia-pacific is expected to be the fastest-growing region in the forecast period. The regions covered in carbon intensity monitoring for shipping report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The swift increase in U.S. tariffs and the ensuing trade tensions in spring 2025 are significantly affecting the transport services sector by driving up costs for vehicles, spare parts, and fuel, key inputs often sourced from tariff-affected regions. Freight operators, logistics providers, and public transportation systems are facing squeezed profit margins as higher equipment and maintenance costs coincide with limited ability to pass on these expenses to customers due to competitive pressures. The uncertainty has also delayed fleet modernization and the adoption of greener, more efficient vehicles, slowing progress toward sustainability goals. To adapt, transport firms are optimizing route planning, investing in fuel efficiency technologies, renegotiating supplier contracts, and exploring collaborative logistics models to share costs and mitigate the impact of higher tariffs.

The carbon intensity monitoring for shipping market research report is one of a series of new reports that provides carbon intensity monitoring for shipping market statistics, including the carbon intensity monitoring for shipping industry global market size, regional shares, competitors with the carbon intensity monitoring for shipping market share, detailed carbon intensity monitoring for shipping market segments, market trends, and opportunities, and any further data you may need to thrive in the carbon intensity monitoring for shipping industry. This carbon intensity monitoring for shipping market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

Carbon intensity monitoring for shipping involves tracking and analyzing greenhouse gas emissions produced by vessels during maritime operations. It employs advanced sensors, digital platforms, and analytics tools to measure fuel usage and carbon output in real time. This process helps shipping companies optimize routes, enhance energy efficiency, and ensure compliance with environmental regulations.

The primary components of carbon intensity monitoring for shipping include software, hardware, and services. Software consists of digital platforms and applications that collect, analyze, and report emissions data to track a vessel’s carbon intensity in line with international regulations. These systems are deployed across vessel types such as bulk carriers, tankers, container ships, general cargo ships, and others, and can function via cloud-based or on-premises solutions. Applications include fleet management, regulatory compliance, emissions reporting, and performance optimization, with end-users spanning commercial shipping, passenger shipping, offshore support vessels, and additional maritime sectors.

The countries covered in the carbon intensity monitoring for shipping market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The carbon intensity monitoring for shipping market consists of revenues earned by entities by providing services such as real-time emission analytics consulting, carbon footprint verification and certification, predictive maintenance for fuel efficiency, route optimization advisory and environmental impact assessment. The market value includes the value of related goods sold by the service provider or included within the service offering. The carbon intensity monitoring for shipping market also includes sales of onboard emission sensors, fuel flow meters, iot-enabled engine monitoring devices, energy efficiency management software and satellite-based voyage monitoring systems. Values in this market are ‘factory gate’ values; that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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