On-premises Carbon Management System Market Size

On-premises Carbon Management System Market size was over USD 6.6 billion in 2024 and is estimated to reach USD 18.5 billion by the end of 2037, expanding at a CAGR of 9% during the forecast timeline, i.e., 2025-2037. In 2025, the industry size of on-premises carbon management system is evaluated at USD 7.2 billion. The increasing regulatory pressure to reduce CO2 emissions from industrial sites is the major factor behind the growth. The effects of greenhouse gases on the environment are resulting in global warming and other natural disasters. The amount of GHG emissions from industrial and commercial sites is concerning. According to an IEA report published in March 2023, global energy-related carbon emissions grew by 0.9% in 2022.

Many heavy metal industries and other hard-to-avoid carbon emission sectors are positively responding to government policies. This further creates demand for the on-premises carbon management system market. The benefits of implementing such technologies are inspiring more companies to invest in this sector. Additionally, it creates the opportunity for innovation to improve outcomes. The strict standardization of carbon emissions is pushing organizations to adopt effective management solutions. The revised ISO 14060 family of standards released voluntary guidelines, mandating efficient management and reduction of GHG emissions. The document also determined the baseline for organization-level monitoring, quantifying, and reporting of project emissions.