Energy Management System Market Size, Share & Trends Analysis Report By Type (Hardware, Software, Services, Communication Network, Control Systems), By Application (Commercial, Industrial, Residential, Government, Healthcare), By End Users (Commercial and Institutional, Manufacturing, Residential, Power and Energy, Others), Global Economy Insights, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023 – 2031
The Global Energy Management System Market size garnered USD 40.77 Billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 13.4% over the forecast period 2023 and 2031 according to a new report by Intellectual Market Insights Research.
The market is further segmented into residential, commercial, industrial, and other end-users. The increasing demand for improved energy efficiency and cost savings in households is driving the growth of residential segment.
The global energy management system (EMS) market has been growing rapidly, driven by a number of factors such as increasing global investments in renewable energy sources, rising levels of awareness around energy conservation, and the growing demand for efficient energy utilization. Governments around the world are encouraging the adoption of energy management systems as a cost-effective solution to maintaining a sustainable and efficient energy system.
EMS solutions help businesses and households to monitor, track, and optimize their energy consumption, reducing costs and increasing efficiency. EMS solutions help to identify and reduce energy wastage, bringing an estimated energy saving of up to 10-30%. Additionally, the proliferation of Internet of Things (IoT) and Machine Learning technologies is enabling more accurate energy monitoring and improved energy optimization, further driving the market.
The EMS market is highly competitive and characterized by the presence of multiple players. The major players in the market include General Electric, ABB, Siemens AG, Johnson Controls, Schneider Electric, Eaton, Emerson Electric, Honeywell International, Inc., and Toshiba Corporation. These players are continuously engaged in product development and innovation, as well as research and development activities to enhance the capabilities of their energy management systems.
The Energy Management System market research report comprises a thorough examination of the current and future scenario of this industry vertical. The research highlights major trends and opportunities, as well as challenges, for various segments and sub-segments, while broadening the company horizon. The study report also includes extensive information based on past and present patterns across several industry verticals to help find various expansion prospects. Throughout the forecast period, several estimations regarding market share, market size, and industry growth rate are presented. The research includes information on competitive analysis as well as consumption habits and pricing strategies depending on the Energy Management System market.
A recent market research report added to repository of Intellectual Market Insights Research is an in-depth analysis of Global Energy Management System Market. On the basis of historic growth analysis and current scenario of Energy Management System market place, the report intends to offer actionable insights on global market growth projections. Authenticated data presented in report is based on findings of extensive primary and secondary research. Insights drawn from data serve as excellent tools that facilitate deeper understanding of multiple aspects of global Energy Management System market. This further helps users with their developmental strategy.
This report examines all the key factors influencing growth of global Energy Management System market, including demand-supply scenario, pricing structure, profit margins, production and value chain analysis. Regional assessment of global Energy Management System market unlocks a plethora of untapped opportunities in regional and domestic market places. Detailed company profiling enables users to evaluate company shares analysis, emerging product lines, pricing strategies, innovation possibilities and much more.
The report covers the all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The Global Energy Management System (EMS) Market is expected to witness a significant growth over the forecast period (2020-2030), due to its increasing adoption by various industrial sectors and residential users. Major market drivers influenting the growth of the global EMS market are as follows.
Increasing demand for energy efficiency: The rapid urbanization and industrialization across the globe is creating a strong demand for efficient energy usage. This has resulted in the increased adoption of EMS solutions, that help to reduce energy consumption and operating costs.
Rising awareness of energy conservation and sustainability: With the growing awareness of energy conservation and sustainability, governments across the world have been implementing various regulatory policies which are driving the adoption of EMS solutions. Additionally, the increasing number of programs for energy efficiency are complementing the growth of the market.
Growing adoption of Internet of Things (IoT) enabled devices: With the rising proliferation of IoT enabled devices, there has been an increased demand for EMS solutions that can facilitate efficient energy management. This is further boosting the growth of the global EMS market.
Growing demand for renewable energy sources: The increasing demand for renewable energy sources such as solar and wind has led to the increased adoption of EMS solutions to support and manage the distributed energy resources.
Technological advancements: The continuous advancements in the EMS technologies and solutions have resulted in more efficient and cost-effective energy management solutions, which are driving the growth of the global EMS market.
Some of the key trends driving the global energy management system (EMS) market include:
Increasing adoption of cloud-based EMS solutions: Cloud-based energy management systems are becoming increasingly popular as they offer greater flexibility, scalability, and cost-effectiveness compared to traditional on-premise solutions. Cloud-based EMS solutions allow for real-time monitoring and control of energy usage, and can be accessed from any location or device with an internet connection.
Integration with smart grid technologies: Energy management systems are increasingly being integrated with smart grid technologies, such as advanced metering infrastructure (AMI) and demand response (DR) programs. This integration allows for more effective management of energy usage, and can help to reduce energy costs and improve grid reliability.
Focus on energy data analytics: Energy management systems are becoming more sophisticated in their ability to collect, analyze, and report on energy usage data. This data can be used to identify trends and patterns in energy consumption, and to optimize energy usage in real-time.
Growing use of artificial intelligence (AI) and machine learning (ML): AI and ML are increasingly being used in energy management systems to improve their ability to analyze and optimize energy usage. These technologies can help to identify inefficiencies and opportunities for energy savings, and can automate energy management processes.
Increasing use of renewable energy sources: The use of renewable energy sources, such as solar and wind power, is growing around the world. Energy management systems are being used to integrate these sources into the grid, and to optimize their usage in order to reduce reliance on fossil fuels and lower carbon emissions.
The global energy management system market is expected to experience a few restraining factors, such as the requirement of significant financial expenses to implement solutions for EMSs. Moreover, as large businesses are increasingly embracing innovative energy management systems, they are struggling to make the necessary changes to their existing infrastructure. Additionally, the lack of awareness among small and medium businesses regarding the many benefits of using energy management systems is restraining the growth of the market.
Energy Management System Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2022-2031 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
Study Period | 2023-31 |
Base Year | 2022 |
Estimated Forecast Year | 2023-31 |
Growth Rate | CAGR of 13.4% from 2023 to 2031. |
Segmentation | By Type, By Technology, By End-Use, By Region |
Unit | USD Billion |
By Type |
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By Application |
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By End Users |
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By Region |
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The global energy management system (EMS) market can be segmented by type, including:
Hardware: This includes energy meters, sensors, and other devices that are used to collect and monitor energy usage data. Hardware is a critical component of an EMS, as it provides the data necessary to optimize energy usage.
Software: Energy management software is used to analyze, report, and control energy usage data. This includes applications for data visualization, energy reporting, and automated controls.
Services: Services are a key part of an EMS, and can include consulting, installation, maintenance, and support services. These services can help businesses to implement and manage an EMS effectively.
Communication Network: Communication networks are used to connect energy meters, sensors, and other devices to an EMS. This includes wired and wireless networks, as well as protocols such as Modbus, BACnet, and LonWorks.
Control Systems: Control systems are used to automate energy usage and optimize energy consumption. This includes building automation systems (BAS), industrial control systems (ICS), and other control systems used in manufacturing and industrial processes.
The global energy management system (EMS) market can also be segmented by application, including:
Commercial: This includes applications in commercial buildings, such as offices, hotels, and retail stores. EMS solutions for commercial applications can include lighting control, HVAC control, and energy monitoring and reporting.
Industrial: EMS solutions for industrial applications can help to optimize energy usage in manufacturing processes, warehouses, and other industrial facilities. This can include monitoring and control of motors, pumps, and other equipment, as well as energy reporting and optimization.
Residential: EMS solutions for residential applications can help homeowners to monitor and control energy usage in their homes, and to optimize energy consumption. This can include smart thermostats, home energy monitoring systems, and other connected devices.
Government: EMS solutions for government applications can help to reduce energy consumption and costs in public buildings and facilities. This can include lighting control, HVAC control, and energy reporting and optimization.
Healthcare: EMS solutions for healthcare applications can help to reduce energy consumption and costs in hospitals and other healthcare facilities. This can include lighting control, HVAC control, and energy monitoring and reporting.
The global energy management system (EMS) market can also be segmented by end users, including
Commercial and Institutional: This includes businesses such as office buildings, hotels, schools, and government buildings. These users can benefit from energy management systems that help reduce energy consumption and costs, improve sustainability, and comply with regulations.
Manufacturing: This includes industries such as automotive, food and beverage, and pharmaceuticals, which require significant amounts of energy to operate. EMS solutions can help manufacturers to optimize energy usage and reduce costs, while also improving productivity.
Residential: Residential end users can include homeowners, apartment buildings, and other residential buildings. EMS solutions for residential users can help homeowners to monitor and control energy usage in their homes, and to optimize energy consumption.
Power and Energy: This includes utilities, energy service companies (ESCOs), and other organizations involved in the production, distribution, and consumption of energy. EMS solutions can help these organizations to optimize energy usage, reduce costs, and improve grid stability and reliability.
Others: Other end users can include transportation and logistics, healthcare, and data centers, among others. EMS solutions can help these users to optimize energy usage, reduce costs, and improve sustainability and environmental impact.
The report also helps in understanding Global Energy Management System Market dynamics, structure by analyzing the market segments, and project the Global Energy Management System Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Energy Management System Market make the report investor’s guide.
North America accounted for the highest xx% market share in terms of revenue in the Energy Management System market and is expected to expand at a CAGR of xx% during the forecast period. This growth can be attributed to the growing adoption of Energy Management System. The market in APAC is expected to witness significant growth and is expected to register a CAGR of xx% over upcoming years, because of the presence of key Energy Management System companies in economies such as Japan and China.
The objective of the report is to present comprehensive analysis of Global Energy Management System Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language.
The global energy management system (EMS) market can be segmented by region, with the major regions including:
North America: The North American EMS market is driven by the increasing demand for energy efficiency and sustainability, as well as government initiatives to reduce energy consumption and carbon emissions. The United States and Canada are the major markets in this region.
Europe: The European EMS market is driven by strict government regulations and initiatives aimed at reducing energy consumption and carbon emissions. Germany, the United Kingdom, and France are the major markets in this region.
Asia Pacific: The Asia Pacific EMS market is driven by rapid industrialization and urbanization, as well as increasing demand for energy efficiency and sustainability. China, Japan, India, and South Korea are the major markets in this region.
Latin America: The Latin American EMS market is driven by increasing demand for energy efficiency and sustainability, as well as government initiatives to reduce energy consumption and carbon emissions. Brazil, Mexico, and Argentina are the major markets in this region.
Middle East and Africa: The Middle East and Africa EMS market is driven by increasing demand for energy efficiency and sustainability, as well as government initiatives to reduce energy consumption and carbon emissions. The United Arab Emirates, Saudi Arabia, and South Africa are the major markets in this region.
The points that are discussed within the report are the major market players that are involved in the market such as market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analysed 5 years data history and forecast.
The growth factors of the market are discussed in detail wherein the different end users of the market are explained in detail.
Data and information by market player, by region, by type, by application and etc., and custom research can be added according to specific requirements.
The report contains the SWOT analysis of the market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.
Energy Management System Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
Frequently Asked Questions
The global energy management systems market size garnered USD 40.77 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 13.4% over the forecast period 2023 and 2031. The market is further segmented into residential, commercial, industrial, and other end-users. The increasing demand for improved energy efficiency and cost savings in households is driving the growth of residential segment.
North America held the largest share of the global insulin storage devices market in 2021, with a market value of USD 4,818.80 million. The region is expected to be the largest market for diabetes devices, with a market value of USD 18,943.58 million by 2030. Insulin delivery devices also hold a significant share of the North American market, with a market size of USD 7,854.90 million in 2021. This growth is expected to remain strong in the coming years, due to the rising prevalence of diabetes and the increasing healthcare expenditure.
These include the increasing need for efficient energy utilization, growing number of environmentally conscious consumers, technological advancements in GEMS systems, increasing demand for smart home solutions, increasing need for good energy management practices, and the rising adoption of renewable energy sources.The rising popularity of IoT technologies has also led to the development of advanced GEMS systems, which offer better energy management across residential, commercial, and industrial sectors..
The industrial energy management system (IEMS) segment is the leading segment in the global energy management systems market, accounting for more than 70% of the market share in 2022. This is mainly due to its cost-effectiveness, energy efficiency, and reliability. The industrial energy management system segment is also expected to witness the highest growth rate during the forecast period, owing to the increasing demand for energy-efficient technologies and the need to manage energy use in an environmentally friendly way.
The global energy management systems market is projected to reach USD 40.77 billion in 2022 by 2031, growing at a CAGR of 13.4% from 2023 to 2031. The market is bifurcated into solution and service segments, and is expected to grow fastest in Asia-Pacific. Major players in the market include C3, Inc., Delta electronics, Inc. , Dexma , General Electric company , Gridpoint , Honeywell international Plc , Johnson controls international plc, Schneider Electric S.E., Siemens and Yokogawa electric corporation .
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