Galloping Growth for Carbon Management

Though some controversy still exists over the link between carbon greenhouse gas (GHG) emissions and global warming, low-carbon momentum is taking root around the world, says a recent report from Pike Research, Boulder, Colo.

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Many legislative acts are currently in force to promote reduction of GHG emissions, including a carbon emissions cap-and-trade program in the European Union. And despite the current lack of federal government mandates in the United States, much of corporate America has already been making preparations for the day when they will be required to curb their greenhouse gas emissions, says the report.

These are among factors that are spawning a fast-growing global market for enterprise carbon management software and services, according to Pike. Numerous players are jumping into this business, ranging from start-ups and young firms such as Hara, Carbonetworks and Carbon Planet to software and services giants including IBM, SAP, Accenture and Deloitte.

The Pike Research report, released early this year, projects that the global market for carbon management software and services will expand at more than a 40 percent compound annual growth rate (CAGR), between 2009 and 2017, rising from $384 million to more than $4.3 billion.

Western Europe is currently the largest market, but Pike expects North America to become the leading marketplace globally by 2013, when revenues here will total $906 million. That’s up from just $71 million in 2008 and $228 million projected for 2010. Pike sees North American carbon management software and service revenues rising by a 44.2 percent CAGR between 2008 and 2017 to $1.9 billion. The North American growth rate will amount to a whopping 85 percent between 2010 and 2011, the company projects.

Related Feature - A Pragmatic Response to Climate-change Regulation
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