On-premises Carbon Management System Market Segmentation:
Component Segment Analysis
In terms of components, solution segment is expected to account for more than 58.9% on-premises carbon management system market share by the end of 2035. The growth of this segment is driven by its tailored carbon accounting features, designed to address specific needs. These automated reporting solutions can easily integrate with the existing ERP and supply chain of the business. For instance, in June 2022, Alibaba Cloud launched Energy Expert, providing actionable insights and energy-saving suggestions. The data management software also facilitates compliance with regulations and standards. Further, accumulating consumer preference for maximum adoption. Solutions that come along with training and supportive services are more in demand for their hassle-free experience.
Industry Segment Analysis
Based on industry, the on-premises carbon management system market is estimated to witness remarkable growth in the energy & utilities segment. Increased emission rates in energy production are driving the demand for effective controlling tools. According to an IEA report, the global energy-related CO2 emission accounted for a new record of 37.4 Gt in 2023. 65% of the increase was due to coal usage during power generation. Thus, it is evident that this segment has the potential to generate remarkable revenue for carbon emission tools. Advanced EMS solutions can also optimize energy usage and efficiency across utility operations. This further helps reduce the carbon footprint.
Our in-depth analysis of the global market includes the following segments:
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