Study: carbon accounting market at $10 million but growing

Lately, I’ve noted that the market for carbon accounting software is still very young, and remains wide open to new vendors and complementary solutions that track energy use in a more real-time way. Now a recent study from Groom Energy Solutions, a consulting firm, and Greentech Media, a media company, confirm the nascent but blossoming nature of this market.

The study found that the market for carbon accounting software in the United States today is tiny by enterprise software standards (about $10 million, according to an article from GreenTech Media), but the market is expected to double annually over the coming years.  The same media report on the study notes only about 300 installs of carbon accounting solutions, versus about 3,000 companies who are using spreadsheets to track greenhouse gas (GHG) emissions.

According to a press release for the study, the seven current market leaders as determined by number of customer  deployments, technology features, market vision and financial stability are: Enviance, ESS, IHS, Johnson Controls, PE
International, ProcessMAP and SAP/Clear Standards.

I hope to track down more information on this study and the market overall. It’s an interesting range of vendors mentioned, with some from an environmental health & safety (EH&S) software background, and also Johnson Controls, the building controls and building automation systems giant. This is a market to watch–it’s young, diverse, growing, and loaded with potential for saving costs for end users.