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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Energy Management Systems Market Outlook
The global energy management systems market is expected to grow at a CAGR of 14% in the forecast period of 2024-2032, to reach USD 206.32 billion by 2032.
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Favourable Government Policies for Sustainable Energy Usage to Boost Energy Management Systems Industry
The increasing use of smart grids and smart meters is driving the market growth. With the increase in energy demand and ageing electricity infrastructure, governments across the globe are focusing on the modernization of energy grids by adopting smart grid solutions. Various governments are undertaking a modernisation drive to upgrade their power system. This is facilitating the demand for energy efficiency solutions, and consequently, the growth of energy management systems. Further, market drivers for the expansion of industry size include increasing adoption of smart grids, stringent government regulations to conserve energy, technological developments that help collect and monitor data usage. These are expected to boost market growth over the forecast period as well.
Energy Management Systems: Market Segmentation
An energy management system refers to a system of computer aided tools used by operators of electrical utility grids to monitor, control, and optimize the performance of the generation or transmission system.
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By type, the market is divided into:
- Home EMS
- Building EMS
- Industrial EMS
- Others
On the basis of component, the market is divided into:
- Sensor
- Software
- Batteries
- Controller
- Display Devices
- Others
Based on solutions, the market is segmented into:
- Demand Response Management
- Carbon Energy Management
- Utility Billing and Customer Information System
By Services, the market is divided into:
- Monitoring and Control
- Implementation and Integration
- Consulting and Training
- Maintenance
On the basis of industry, the market is categorised into:
- Manufacturing
- Power and Energy
- Telecom and IT
- Healthcare
- Retail
- Education
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Technology Advancements to Boost the Market Growth of Energy Management Systems
The market growth of energy management systems (EMS) is being driven by the fluctuations in commercial energy prices, which are boosting the demand for energy efficient systems in daily industrial operations. The industrial energy management systems are expected to contribute maximum revenue share within the forecast period due to rising inclination towards achieving energy efficiency. Various market verticals are adopting energy management systems in the coming years, as a result, the EMS industry is expected to witness rapid growth in the forecast period. The emerging economies in Southeast Asia and the African region are predicted to offer attractive business opportunities for the EMS market players. This is expected to favour the market growth in the upcoming years. The rising technological advancements in various industries is expected to aid the market growth of energy management systems.
Key Industry Players in the Global Energy Management Systems Market
The report gives a detailed analysis of the following key players in the global energy management systems market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Mitsubishi Electric Corporation
- Delta Electronics, Inc.
- General Electric Company
- Schneider Electric SE
- ABB Ltd.
- Honeywell International Inc.
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Component |
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| Breakup by Solution |
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| Breakup by Services |
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| Breakup by Industry |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Energy Management Systems Market Report Snapshots
Energy Management Systems Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The global energy management systems market is projected to grow at a CAGR of 14% between 2024 and 2032.
The major market drivers include the increasing usage of smart grids and smart meters and the introduction of favourable government initiatives aimed at modernising energy systems.
The key trends guiding the market growth include the increasing demand for energy efficient systems and the technological advancements and innovations.
The major regions in the market are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
The major types of the product are home EMS, building EMS, and industrial EMS, among others.
The significant components of energy management systems are sensor, software, batteries, controller, and display devices, among others.
The various solutions considered in the market report are demand response management, carbon energy management, and utility billing and customer information system, among others.
The different segments based on service of the product considered in the market report are monitoring and control, implementation and integration, consulting and training, and maintenance.
The several industries considered in the market report are manufacturing, power and energy, telecom and IT, healthcare, retail, and education, among others.
The major players in the market are Mitsubishi Electric Corporation, Delta Electronics, Inc., General Electric Company, Schneider Electric SE, ABB Ltd., and Honeywell International Inc., among others.
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