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IN THE NEWSOctober 22, 2021: Ecochain Technologies B.V. published a research highlighting the advantages of choosing integrated BI solutions in sustainability over point solutions.
February 21, 2022: Breezometer Ltd. announced that it is investing for innovation to integrate location-based environmental intelligence into its digital product innovation roadmap.
Global Environmental Intelligence Platform Market Highlights over 2022 – 2031
The global environmental intelligence platform market is estimated to grow at a significant CAGR over the forecast period, i.e., 2022 – 2031. The growth of the market can be attributed to the growing environmental concerns amongst major industrialists, along with the climate-friendly initiatives taken by governments across the world. The rising air pollution level is estimated to encourage the market growth. According to the data by the World Health Organization (WHO), air pollution kills an estimated seven million people worldwide every year, and almost 99% of the global population breathe air that exceeds WHO guideline limits of pollutants. Environmental intelligence platform is a system of more than one inter-related source, that stores and provides environment-related information about a particular region or process. The increasing demand for environmental intelligence platforms can also be attributed to the increasing awareness regarding carbon emissions throughout the entire value chain, and the advantages of globalization of supply chain networks. Additionally, large enterprises are adopting advanced technologies, including environmental intelligence, as they are highly reliable and facilitate overall cost-reduction by minimizing energy wastage. Several other factors, such as, indoor sensing for reducing waste in HVAC, prediction of potential impacts of climate change and weather, and insights to company’s emissions provided by environmental intelligence platforms, are estimated to boost the market growth.
The market is segmented by end-user into automotive, food & beverages, manufacturing, aerospace, energy & utilities, healthcare, government, and others, out of which, the automotive segment is anticipated to hold a substantial share in the global environmental intelligence platform market over the forecast period on account of high consumption of energy in the automotive sector. Moreover, vehicles are responsible for a major share of carbon emissions, which is estimated to further propel the segment growth. CLICK TO DOWNLOAD SAMPLE REPORT
Major Macro-Economic Indicators Impacting the Market Growth
In 2019, the world’s total energy supply was 606EJ, wherein the highest share in terms of source was captured by oil, accounting for 30.9%, followed by coal (26.8%), natural gas (23.2%), biofuels and waste (9.4%), nuclear (5.0%), hydro (2.5%), and other (2.2%). Where there was an increase in energy demand in 2018, the year 2019 witnessed slow growth as the energy efficiency improved owing to decline in the demand for cooling and heating. However, in 2020, the electricity demand decreased by 1% due to the outbreak of Coronavirus resulting in government imposed shutdowns in order to limit the spread of the virus, which was further followed by shutdown of numerous business operations impacting their growth. This also resulted in decline of 5.8% in the worldwide CO2 emissions which was recorded to be five times larger than the one recorded during the global financial crisis in 2009. However, in 2021, the demand for oil, gas and coal is estimated to witness growth, which is further projected to create opportunities for market growth. Moreover, rising environment degradation and awareness related to climate change is motivating many key players to employ sustainable energy strategies and invest significantly in environment-friendly power generation technologies with an aim to promote sustainable development among various nations around the world. Such factors are anticipated to promote the growth of the market in upcoming years.
Global Environmental Intelligence Platform Market Regional Synopsis
On the basis of geographical analysis, the global environmental intelligence platform market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing environment awareness amongst the nations, along with the government initiatives to reduce carbon emissions.
The market in the North America region is anticipated to gain the largest market share throughout the forecast period owing to the high greenhouse gas emissions in the developed countries, backed by the industrial development. According to the data by the Environment Protection Agency (EPA), in 2020, U.S. greenhouse gas emissions amounted to 5,215.6 million metric tons of carbon dioxide.
The global environmental intelligence platform market is further classified on the basis of region as follows:
North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
Market Segmentation
Our in-depth analysis of the global environmental intelligence platform market includes the following segments:
By Deployment
By Service
By End-User
Growth Drivers
Challenges
Top Featured Companies Dominating the Market
FREQUENTLY ASKED QUESTIONS
The growing environmental awareness amongst people is estimated to boost the market growth.
The market is anticipated to attain a significant CAGR over the forecast period, i.e., 2022 – 2031.
The major players in the market are BreezoMeter Ltd., Cerensa, Ecochain Technologies B.V., DataAir Pvt. Ltd., Environmental Intelligence Group, State of Green, Merchant logo, Climate-KIC, Accenture plc, and Copenhagen Cleantech Agency
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by deployment, service, end-user, and by region.
The cloud-based segment is anticipated to hold largest market size in value over the forecast period and display significant growth opportunities.
Lack of awareness and lower accesses to such platforms for SMEs are estimated to hamper the market growth.
The North America region is anticipated to provide more business opportunities over the forecast period owing to the higher adoption of technology.
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