Who are the key players in Carbon Accounting Market?

Greenly, International Business Machines Corporation, ENGIE Impact, Persefoni AI and Carbon Direct are the major companies operating in the Carbon Accounting Market. Read More

Which is the fastest growing region in Carbon Accounting Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Carbon Accounting Market?

In 2024, the Europe accounts for the largest market share in Carbon Accounting Market. Read More

What years does this Carbon Accounting Market cover, and what was the market size in 2023?

In 2023, the Carbon Accounting Market size was estimated at USD 12.00 billion. The report covers the Carbon Accounting Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Carbon Accounting Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Carbon Accounting Market Size

Market Size of Carbon Accounting Industry

Study Period	2019 - 2029
Market Size (2024)	USD 16.98 Billion
Market Size (2029)	USD 61.43 Billion
CAGR (2024 - 2029)	29.33 %
Fastest Growing Market	Asia Pacific
Largest Market	Europe
Major Players *Disclaimer: Major Players sorted in no particular order

Carbon Accounting Market Analysis

The Carbon Accounting Market size is estimated at USD 16.98 billion in 2024, and is expected to reach USD 61.43 billion by 2029, growing at a CAGR of 29.33% during the forecast period (2024-2029).

Over the medium term, factors such as growing corporate focus on achieving their sustainability goals and increasing stringent regulations and compliances over carbon emission measuring and regulations are expected to be among the most significant drivers for the carbon accounting market during the forecast period.
On the other hand, the complexity of accumulating data and implementing carbon accounting methodology for accurate calculation is high, which is expected to pose a threat to the market during the forecast period.
However, continued advancements in developing more innovative and efficient carbon accounting methodologies and software are ongoing. This factor is expected to create several opportunities for the market in the future.
Asia-Pacific dominates the market and will likely register the highest CAGR during the forecast period. China, India, Japan, and others drive it due to the growing number of industries and infrastructural development activities in these countries.

Carbon Accounting Industry Segmentation

Carbon accounting, also known as carbon footprinting, measures, records, and reports the amount of greenhouse gas emissions (GHG) produced directly or indirectly by an organization, product, or activity.

It helps businesses and individuals understand their environmental impact and identify opportunities for reducing emissions to mitigate climate change.

The carbon accounting market is segmented by type, end users, and geography. By type, the market is segmented into cloud-based and on-premise. The market is segmented by end-user industries, such as oil and gas, power utilities, construction and infrastructure, telecommunication, food and beverage, and other end-user industries. The report also covers the size and forecasts for the carbon accounting market across major regions. Market sizing and forecasts are made for each segment based on revenue (USD).

Type
		Cloud Based
		On Premise

End Users
		Oil and Gas
		Power Utilities
		Construction and Infrastructure
		Telecommunication
		Food and Beverages
		Other End Users

Geography [Market Size and Demand Forecast till 2029 (for Regions Only)]

North America
	United States
	Canada
	Rest of North America

Europe
	Germany
	France
	United Kingdom
	Italy
	Spain
	NORDIC
	Russia
	Turkey
	Rest of Europe

Asia-Pacific
	China
	India
	Australia
	Japan
	South Korea
	Malaysia
	Thailand
	Indonesia
	Vietnam
	Rest of Asia-Pacific

Middle East and Africa
	Saudi Arabia
	United Arab Emirates
	Nigeria
	Egypt
	Qatar
	South Africa
	Rest of Middle East and Africa

South America
	Brazil
	Argentina
	Colombia
	Rest of South America

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Carbon Accounting Market Size Summary

The carbon accounting market is poised for substantial growth, driven by an increasing corporate emphasis on sustainability and stringent regulations surrounding carbon emissions. Despite challenges such as the complexity of data collection and implementation of carbon accounting methodologies, ongoing advancements in innovative software solutions are expected to create significant opportunities. The Asia-Pacific region is anticipated to lead the market, fueled by rapid industrialization and a strong focus on sustainable development. Countries like China, India, and Japan are key contributors to this growth, as they strive to meet energy demands while reducing their carbon footprints through robust carbon accounting practices.

The power utilities sector is a critical component of the carbon accounting market, given its substantial contribution to greenhouse gas emissions. This sector's reliance on fossil fuels necessitates comprehensive carbon accounting to comply with regulations and inform stakeholders. Utilities are increasingly investing in renewable energy and adopting cleaner technologies to mitigate emissions, supported by data from carbon accounting practices. The Asia-Pacific region's dominance is further reinforced by its significant investments in clean technologies and infrastructure upgrades, alongside a growing demand for transparent carbon reporting. This dynamic landscape presents numerous opportunities for international market players to engage with carbon accounting service providers and software developers, particularly in industries such as manufacturing and renewable energy.

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Carbon Accounting Market Size - Table of Contents

1. MARKET OVERVIEW
1. 1.1 Introduction
2. 1.2 Market Size and Demand Forecast in USD, till 2029
3. 1.3 Recent Trends and Developments
4. 1.4 Government Policies and Regulations
5. 1.5 Market Dynamics
  1. 1.5.1 Drivers
    1. 1.5.1.1 Corporate Sustainability Goals
    2. 1.5.1.2 Stringent Regultions and Compliance
  2. 1.5.2 Restraints
    1. 1.5.2.1 High Complexity in Carbon Accounting
6. 1.6 Supply Chain Analysis
7. 1.7 Industry Attractiveness - Porter's Five Forces Analysis
  1. 1.7.1 Bargaining Power of Suppliers
  2. 1.7.2 Bargaining Power of Consumers
  3. 1.7.3 Threat of New Entrants
  4. 1.7.4 Threat of Substitutes Products and Services
  5. 1.7.5 Intensity of Competitive Rivalry
2. MARKET SEGMENTATION
1. 2.1 Type
  1. 2.1.1 Cloud Based
  2. 2.1.2 On Premise
2. 2.2 End Users
  1. 2.2.1 Oil and Gas
  2. 2.2.2 Power Utilities
  3. 2.2.3 Construction and Infrastructure
  4. 2.2.4 Telecommunication
  5. 2.2.5 Food and Beverages
  6. 2.2.6 Other End Users
3. 2.3 Geography [Market Size and Demand Forecast till 2029 (for Regions Only)]
  1. 2.3.1 North America
    1. 2.3.1.1 United States
    2. 2.3.1.2 Canada
    3. 2.3.1.3 Rest of North America
  2. 2.3.2 Europe
    1. 2.3.2.1 Germany
    2. 2.3.2.2 France
    3. 2.3.2.3 United Kingdom
    4. 2.3.2.4 Italy
    5. 2.3.2.5 Spain
    6. 2.3.2.6 NORDIC
    7. 2.3.2.7 Russia
    8. 2.3.2.8 Turkey
    9. 2.3.2.9 Rest of Europe
  3. 2.3.3 Asia-Pacific
    1. 2.3.3.1 China
    2. 2.3.3.2 India
    3. 2.3.3.3 Australia
    4. 2.3.3.4 Japan
    5. 2.3.3.5 South Korea
    6. 2.3.3.6 Malaysia
    7. 2.3.3.7 Thailand
    8. 2.3.3.8 Indonesia
    9. 2.3.3.9 Vietnam
    10. 2.3.3.10 Rest of Asia-Pacific
  4. 2.3.4 Middle East and Africa
    1. 2.3.4.1 Saudi Arabia
    2. 2.3.4.2 United Arab Emirates
    3. 2.3.4.3 Nigeria
    4. 2.3.4.4 Egypt
    5. 2.3.4.5 Qatar
    6. 2.3.4.6 South Africa
    7. 2.3.4.7 Rest of Middle East and Africa
  5. 2.3.5 South America
    1. 2.3.5.1 Brazil
    2. 2.3.5.2 Argentina
    3. 2.3.5.3 Colombia
    4. 2.3.5.4 Rest of South America