Sustainability & Energy Management Software Market Size, Share, Trends, Growth 2032

Sustainability & Energy Management Software Market Insights

According to Zion Market Research, the global Sustainability & Energy Management Software Market was worth USD 1.83 Billion in 2023. The market is forecast to reach USD 5.38 Billion by 2032, growing at a compound annual growth rate (CAGR) of 11.4% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Sustainability & Energy Management Software Market industry over the next decade.

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Sustainability and Energy Management Software Market: Overview

Sustainability and energy management software is a terminology used for myriad energy-related software uses that offers energy bill tracking, HVAC building energy consumption measurement, real-time metering, determining power efficiency of light control systems, simulation & modeling of constructions, carbon & sustainability reporting, demand response, IT devise management, and power audits. Apart from this, the product helps in minimizing power costs and reduces power consumption in buildings and factories.

The software garners power information and utilizes it for reporting, monitoring, and engagement. Moreover, monitoring encompasses trend analysis & detecting power usage for determining cost-savings. Engagement means real-time responses or the beginning of interaction between building managers & occupants for promoting power conservation. Precisely, energy management software gathers real-time interval information with intervals differing from quarterly billing statements to time-to-time smart meter readings.

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Sustainability and Energy Management Software Market: Growth Dynamics

With sustainability and energy management software assisting the end-users in formulating power conservation measures for quantifying the measurement success, the market for sustainability and energy management software is likely to grow by leaps & bounds over the forecasting years. Furthermore, the product helps energy managers integrate non-energy as well as energy information for creating key performance indicators, and determining carbon footprints, GHG, energy efficacy, and sustainable heat incentives.

This, in turn, will further create new growth avenues for the sustainability and energy management software industry over the upcoming years. However, a lack of data standards and stringent laws governing environmental protection in developing countries can put brakes on business growth over the forecast timeline. Nonetheless, the consistent surges in regulatory obligations and industry policies are predicted to steer the industry size over the forecasting period.

Furthermore, the rise in the funding of EH & S as well as research activities pertaining to developing new kinds of sustainability software is likely to open new vistas of growth for the sustainability and energy management software industry over the upcoming years. Massive acceptance of IoT and cloud computing techniques will further enlarge the industry scope in the coming decade. The need for offering seamless customer experience will help the market explore new growth dimensions in the next couple of years.

Sustainability & Energy Management Software Market: Report Scope

Asia Pacific Market To Expand Exponentially Over Forecast Period

The growth of the sustainability and energy management software industry in Asia Pacific over the estimated timeline is credited to the massive demand for the product in the countries such as China, Japan, and India. Apart from this, the growing scarcity of power and the need to save power in the densely populated countries of Asia Pacific has resulted in humungous product penetration across the emerging economies of the region in the current years. With the need for standardizing the units of energy consumption data along with bringing uniformity across the sub-continent, the sustainability and energy management software market in the region is likely to gain traction over the upcoming years.

Competitive Landscape and Company Market Share Analysis

Key participants profiled in the report include 

• Accruent
• LLC
• Enablon SA
• Accuvio
• Envizi
• IBM Corporation
• SAP SE
• Urjanet, Inc.
• Schneider Electric SA
• Thinkstep AG
• CA Technologies, Inc.
• Ecova, Inc.
• Figbytes Inc.
• Iconics, Inc.
• UL LLC.

The global Sustainability and Energy Management Software Market is segmented as follows:

By Software

• Cloud-Based
• On-Premise

By End Use

• Automotive
• Building Automation
• Oil & Gas
• Manufacturing
• Pharmaceutical
• Utilities & Energy
• Others

By Module

• Utility Data Management
• Carbon Reporting & Management
• Sustainability Reporting & Management
• Energy Optimization
• Facility & Asset Management
• Compliance Management

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa