Sustainability Energy Management Software Market
Sustainability Energy Management Software Market Study by Utility Data Management, Carbon Management, Sustainability Reporting & Management, Energy Optimization, and Others from 2024 to 2034
Analysis of Sustainability Energy Management Software Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Sustainability Energy Management Software Market Outlook (2024 to 2034)
The latest Fact.MR research report reveals that the global sustainability energy management software market is estimated at US$ 1.7 billion in 2024 and is forecast to reach a value of US$ 5.2 billion by 2034, with a projected CAGR of 11.8% from 2024 to 2034.
More organizations are emphasizing environmental responsibility and sustainability. This is attributed to the increasing awareness of business operations' impacts on the environment and the implementation of stringent regulatory requirements. In addition, rising energy prices are forecast to encourage businesses to adopt energy management solutions to optimize energy consumption and minimize operational expenses.
Governments in several countries are implementing stringent environmental regulations and offering incentives to adopt energy management solutions to comply with set standards and get financial benefits. Several companies are incorporating sustainability into their CSR initiatives. Energy management is one of the prominent components of these efforts. The adoption of sustainability energy management software assists organizations in demonstrating their commitment to responsibility toward a healthy environment.
- Demand for sustainability energy management software in the United States is projected to increase at a CAGR of 12.5% and reach a market valuation of US$ 1.1 billion by the end of 2034.
- On-premise management software is forecast to account for 75.7% of the sustainability energy management software market share by 2034.
- East Asia is projected to account for a 38.4% share of global market revenue by 2034.
Sustainability energy management software assists organizations in monitoring and analyzing energy consumption patterns, implementing improvement measures for operational efficiency, and identifying inefficiencies. Furthermore, advancements in data analytics, cloud computing, and software technologies enhance the abilities of sustainability energy management software while ensuring their accessibility and effectiveness in several businesses.
Companies from different sectors are encountering pressure from customers and supply chain partners for the adoption of sustainable practices. Implementation of sustainability energy management software helps companies match regulatory expectations and remain competitive.
| Report Attributes | Details |
|---|---|
| Sustainability Energy Management Software Market Size (2024E) | US$ 1.7 Billion |
| Forecasted Market Value (2034F) | US$ 5.2 Billion |
| Global Market Growth Rate (2024 to 2034) | 11.8% CAGR |
| Building Automation Segment Market Share (2034F) | 25.5% |
| North America Market Share (2034F) | 28.8% |
| Japan Market Growth Rate (2024 to 2034) | 12.9% CAGR |
| China Market Value (2034F) | US$ 1.38 Billion |
| Key Companies Profiled |
|
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Which Key Drivers are Influencing Sustainability Energy Management Software Market Growth?
“Growing Awareness among Organizations about Sustainability Management”
Several companies are becoming more conscious of the concept of energy management and sustainability instead of taking it as a regulatory obligation. This can be true for companies involved in the oil and gas, chemicals, and manufacturing sectors.
Many parameters are included in the sustainability management ambit, including operation in resource-stressed areas, cost-efficient and reliable energy supplies, supply chain de-risking, and product stewardship initiatives. The same situation can be looked at in another way, as more companies are entering into intense competition to differentiate themselves from others with the adoption of energy-saving and sustainable methodologies in their respective business processes to get a competitive edge.
Which Challenges are Limiting Expansion of Sustainability Energy Management Software Market Size?
“Lack of Stringent Regulations for Environmental Protection and Limited Awareness”
Medium and small enterprises in potentially high-growth markets, including India, are the most prominent sources of environmental pollution. Limited awareness about sustainable practices and protection of the environment is projected to adversely impact demand for sustainability energy management software. However, large enterprises are investing significantly in pollution control and sustainable processes, while small and medium enterprises are investing minimally.
Uneven enforcement of pollution standards is projected to adversely impact demand for sustainable energy management software for environmental protection goals.
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How are Startups Forecasted to Evolve in This Business?
“Integration of Smart Technologies and IoT in Sustainability and Energy Management Systems”
Integration of smart technologies and the Internet of Things (IoT) allows real-time monitoring of systems related to energy. In addition, advanced sustainability energy management software also helps in controlling these systems, therefore offering organizations more concentrated and detailed data for decision-making. Expenditure by start-ups in these R&D activities for advancements in sustainability energy management software is forecasted to help them secure a position for themselves in the rapidly advancing market.
Country-wise Insights
East Asia is projected to account for 38.4% share of the global market by 2034. Rapid infrastructure development and urbanization in China are projected to create requirements for sustainable and efficient energy management. Sustainability energy management software is instrumental in ensuring the environmental friendliness and energy efficiency of existing infrastructure and new developments.
Why is the United States a Lucrative Market for Sustainability and Energy Management Software Providers?
“Favorable Regulatory Environment and Corporate Sustainability Initiatives”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 337.5 Million |
| Growth Rate (2024 to 2034) | 12.5% CAGR |
| Projected Value (2034F) | US$ 1.1 Billion |
The United States is projected to account for a 73.3% share of North American market revenue by 2034. Certain stringent regulations have been implemented in the country for energy efficiency and environmental sustainability. More businesses in the United States are adopting sustainability energy management software to avoid penalties and comply with regulations. Several companies in the United States are incorporating sustainability goals into their respective corporate strategies. The adoption of sustainable energy management software helps in the monitoring and management of energy consumption.
Why is the Market in China Projected to Expand at an Unprecedented Rate?
“Environmental and Air Quality Concerns and Growing Cost of Energy”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 421.3 Million |
| Growth Rate (2024 to 2034) | 12.6% CAGR |
| Projected Value (2034F) | US$ 1.38 Billion |
China is forecast to hold a 69.1% share of the East Asia market by 2034. The country is facing certain challenges related to environmental pollution and air quality. As one of the responses to these concerns, there is an increased focus on clean energy and sustainable practices. Sustainability energy management software helps businesses contribute to improving the environment through the optimization of energy use.
Rising energy prices in China are projected to stimulate businesses to opt for ways to reduce operational expenses and optimize energy consumption. Sustainability energy management software offers a tool for companies to identify improvement areas and implement energy-saving measures.
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Category-wise Insights
Fact.MR, a market research and competitive intelligence provider, asserts in its recently published analysis that a significant portion of the worldwide demand for sustainability energy management software is projected to come from building automation. This prominence is owing to the growing adoption of sustainable architecture practices, especially to minimize greenhouse gas emissions. To minimize energy prices and carbon emissions, more consumers from different sectors are investing in procuring energy from several sustainable sources, which further generates opportunities for respective service providers.
Which Sustainability Energy Management Software Deployment Type is Popular among End Users?
“Prominence of On-premise Sustainability Energy Management Software across Geographies”
| Attribute | On-premise |
|---|---|
| Segment Value (2024E) | US$ 1.3 Billion |
| Growth Rate (2024 to 2034) | 11.2% CAGR |
| Projected Value (2034F) | US$ 3.94 Billion |
On-premise sustainability energy management software is forecast to contribute 75.7% share of global market revenue by 2034. Some of the existing on-premise deployment had been built at the initial stage of the cloud-based concept. Therefore, maintenance and replacement of these servers are pivotal for their effective operations. Organizations and companies cannot migrate directly to the deployment of on-premise sustainability energy management software. All these factors are projected to further generate opportunities for suppliers of sustainable energy management software in the coming 10 years.
Which Application of Sustainability Energy Management Software is Gaining Traction?
“Extensive Use of Sustainability Energy Management Software in Building Automation”
| Attribute | Building Automation |
|---|---|
| Segment Value (2024E) | US$ 360.4 Million |
| Growth Rate (2024 to 2034) | 10.8% CAGR |
| Projected Value (2034F) | US$ 1.33 Billion |
Building automation is projected to hold a 25.5% share of the global market by 2034. The strong demand for sustainability energy management software in this sector is attributed to the increasing traction of sustainable architectural practices, especially in minimizing the emissions of greenhouse gases. In addition, minimizing energy waste in buildings and optimizing building operations require access to an integrated and diverse set of data. In addition, constant advancements in electronic devices are also forecasted to influence sustainability energy management software market trends.
Competitive Landscape
Leading providers of sustainability energy management software are emphasizing providing quality products, new developments, strengthening their systems used for supply chain management, etc. In addition, they are also focusing on offering more efficient services to their respective end users.
Key players in the sustainability energy management software industry include Siemens, General Electric, Emerson, Schneider Electric, IBM Corp., UL EHS Sustainability, Sphera, Accuvio, Figbytes Inc., Gensuite LLC, Envivi, SAP SE, Ecova, Inc., Verisae, Inc., and CA Technologies.
Segmentation of Sustainability Energy Management Software Market Research
-
By Deployment :
- Cloud-based
- On-premise
-
By Module :
- Utility Data Management
- Carbon Reporting & Management
- Sustainability Reporting & Management
- Energy Optimization
- Facility & Asset Management
- Compliance Management
- Solutions
-
By End-use Application :
- Automotive
- Building Automation
- Oil & Gas
- Manufacturing
- Pharmaceuticals
- Utilities & Energy
-
By Region :
- North America
- Europe
- East Asia
- Latin America
- Middle East & Africa
- South Asia & Oceania
- FAQs -
How big is the sustainability energy management software market size?
The global sustainability energy management software market is estimated at US$ 1.7 billion in 2024.
What is the forecasted valuation for sustainability energy management software for 2034?
Worldwide demand for sustainability energy management software is forecasted to reach a market valuation of US$ 5.2 billion by the end of 2034.
What is the demand projection for sustainability energy management software from 2024 to 2034?
Demand for sustainability energy management software is projected to increase at a prolific CAGR of 11.8% from 2024 to 2034.
How much share of the market is forecasted to be held by on-premise deployment?
On-premise deployment of sustainability energy management software is projected to account for 75.7% share of the global market by 2034.
At what rate are the sales of sustainability energy management software projected to rise in Japan?
Sales of sustainability energy management software in Japan are forecasted to increase at a CAGR of 12.9% from 2024 to 2034.
What is the projected valuation of the market in the United States for 2034?
The market in the United States is projected to reach US$ 1.1 billion by the end of 2034.
What are the projections for sustainability energy management software in building automation?
Revenue from sustainability energy management software for building automation is projected to reach US$ 1.33 billion by 2034.
Sustainability Energy Management Software Market
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