The interrelated goals of predicting energy requirements and cutting costs will continue driving the sustainability and energy management software market through 2022, according to a study available from Persistence Market Research.
Energy management software enables corporations to track and manage data, set emission reduction and energy efficiency targets, analyze consumption metrics, track progress and optimize resources as a way to cut costs. This all is done while integrating greenhouse gas standards and protocols. Carbon management, initiative management and disclosure reporting capabilities are considered part of the sector.
There are many drivers. The report cites regulation and policies aimed at cutting carbon footprints, the desire of companies to use carbon reduction as a market differentiator and the use of the software as a way to manage operational costs.
The study points out that two factors slowing adoption are reluctance to take on the additional overhead costs and lack of training and development opportunities.
The report identifies major vendors as Enablon SA, thinkstep AG, CA Technologies, Schneider Electric SE, CloudApps Ltd., SAP SE, Envizi Verisae and CR360 LLC, IHS Inc.
This type of software requires a great deal of data. Last week, thinkstep released the GaBi Databases 2017 Edition. thinkstep says that the database upgraded its GaBi Life Cycle offers information not previously included:
The newly-released product extends coverage to include regionalization of water assessment data that is PEF (Product Environmental Footprint) and OEF (Organizational Environmental Footprint) compliant, land use flows and quantities, hazardous and municipal waste treatment datasets, U.S. electricity region-specific grid mixes, electricity and fuel data for more countries and regions worldwide, EPDs (Environmental Product Declarations) and a wide range of new industry association data.
More than 50 countries are covered by the database, according to thinkstep.