The global energy management systems market size is expected to reach around US$ 153.62 billion by 2030 and is expected to grow at an impressive double-digit rate of 14.55% from 2022 to 2030.
The study includes drivers and restraints of this market. The study provides an analysis of the global energy management systems market for the period 2017-2030, wherein 2022 to 2030 is the forecast period and 2021 is considered as the base year.
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Report Scope of the Energy Management Systems Market
| Report Coverage | Details |
| Market Size by 2030 | USD 153.62 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 14.55% |
| Largest Market | Asia Pacific |
| Fastest Growing Market | North America |
| Base Year | 2021 |
| Forecast Period | 2022 to 2030 |
Report Highlights
- The building energy management systems (BEMS), home energy management systems (HEMS), and industrial energy management systems (IEMS) are the different product types of energy management systems. Among all these segments, the industrial energy management systems (IEMS) is the dominating segment. This is due to the rapid adoption of the energy management systems in industrial areas.
- On the basis of component, sensors dominate the energy management systems market. Technological advancements and the adoption of innovative products are driving the segment’s growth.
- By solution, the carbon energy management holds the largest market share in the global energy management systems market. Carbon energy management systems are in high demand due to causes such as the depletion of fossil fuels and increased environmental concerns.
- On the basis of vertical, power and energy dominate the energy management systems market. In the power and energy industries, energy management systems are frequently employed. Energy management systems make it possible to detect and monitor energy usage on a regular basis. This also aids in the seamless operation of industries. As a result, this element is fueling the segment’s expansion.
- By end use, the residential holds the largest market share in the global energy management systems market. Residential energy management systems are used. Over the projected period, the worldwide energy management systems market will be driven by growing electricity billing rates in residential regions.
Market Dynamics
Drivers
Growing government initiatives
Due to rising environmental concerns and to reduce or curb the carbon emissions and greenhouse gases emissions, the governments all around the world are taking continuous efforts. The favorable government policies are helping to drive the demand for energy management systems. The government is also investing into the infrastructural development projects. Thus, all of these factors are driving the growth of the energy management systems market.
Restraints
Lack of awareness
The demand for energy management systems has increased over the period of time. The energy management systems are adopted in every vertical of industries. The energy management systems help in energy consumption. However, small and medium sized enterprises are not aware about energy management systems. Thus, lack of awareness about the energy management systems is hindering the growth of the energy management systems market globally.
Opportunities
Surge in installation of smart meters and grids
The demand for advanced energy management systems is growing due to development of smart infrastructure. This has directly impacted the adoption of smart grids and meters in the developed and developing nations. The installation of smart grid enables to reduce cost and enhanced efficiency. As a result, surge in installation of smart meters and grids is creating lucrative opportunities for the energy management systems market growth.
Challenges
High cost of implementation
The energy management systems have wide range of advantages such as cost saving and energy saving. But the implementation of the energy management systems requires huge amount of money. Some of the small and medium level organizations are not able to afford such huge amounts. The implementation includes labor and land, which is characterized as huge costs. Thus, high cost of implementation is a huge challenge for the expansion of the energy management systems market.
Research Methodology
A unique research methodology has been utilized to conduct comprehensive research on the growth of the global energy management systems market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the draw conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.
These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global energy management systems market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.
Why should you invest in this report?
If you are aiming to enter the global energy management systems market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for energy management systems are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2022-2030, so that you can plan your strategies to enter this market accordingly.
Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.
Some of the prominent players in the global energy management systems market include:
- Siemens AG
- Honeywell Inc.
- General Electric Company
- Emerson Process Management
- Elster Group GmbH
- Daintree Networks
- Schneider Electric
- C3 Energy
- Daikin Industries
- Gridpoint Inc.
Market Segmentation:
By Product
- Industrial Energy Management Systems (IEMS)
- Building Energy Management Systems (BEMS)
- Home Energy Management Systems (HEMS)
By Component
- Sensors
- Controllers
- Software
- Batteries
- Display Devices
- Others
By Solution
- Carbon Energy Management
- Demand Response Management
- Utility Billing and Customer Information System
By Vertical
- Power & Energy
- Telecom & IT
- Manufacturing
- Retail & Offices
- Healthcare
- Others
By End Use
- Residential
- Commercial
Regional Analysis:
The geographical analysis of the global energy management systems market has been done for North America, Europe, Asia-Pacific, and the Rest of the World.
The North American Market is again segmented into the US, Canada, and Mexico. Coming to the European Market, it can be segmented further into the UK, Germany, France, Italy, Spain, and the rest. Coming to the Asia-Pacific, the global energy management systems Market is segmented into China, India, Japan, and Rest of Asia Pacific. Among others, the market is segmented into the Middle East and Africa, (GCC, North Africa, South Africa and Rest of the Middle East & Africa).
Key Questions Answered by the Report:
- What will be the size of the global energy management systems market in 2030?
- What is the expected CAGR for the energy management systems market between 2021 and 2030?
- Which are the top players active in this global market?
- What are the key drivers of this global market?
- How will the market situation change in the coming years?
- Which region held the highest market share in this global market?
- What are the common business tactics adopted by players?
- What is the growth outlook of the global energy management systems market?
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Energy Management Systems Market
5.1. COVID-19 Landscape: Energy Management Systems Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Energy Management Systems Market, By Product
8.1. Energy Management Systems Market, by Product, 2022-2030
8.1.1. Industrial Energy Management Systems (IEMS)
8.1.1.1. Market Revenue and Forecast (2017-2030)
8.1.2. Building Energy Management Systems (BEMS)
8.1.2.1. Market Revenue and Forecast (2017-2030)
8.1.3. Home Energy Management Systems (HEMS)
8.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 9. Global Energy Management Systems Market, By Component
9.1. Energy Management Systems Market, by Component, 2022-2030
9.1.1. Sensors
9.1.1.1. Market Revenue and Forecast (2017-2030)
9.1.2. Controllers
9.1.2.1. Market Revenue and Forecast (2017-2030)
9.1.3. Software
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.4. Batteries
9.1.4.1. Market Revenue and Forecast (2017-2030)
9.1.5. Display Devices
9.1.3.1. Market Revenue and Forecast (2017-2030)
9.1.6. Others
9.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 10. Global Energy Management Systems Market, By Solution
10.1. Energy Management Systems Market, by Solution, 2022-2030
10.1.1. Carbon Energy Management
10.1.1.1. Market Revenue and Forecast (2017-2030)
10.1.2. Demand Response Management
10.1.2.1. Market Revenue and Forecast (2017-2030)
10.1.3. Utility Billing and Customer Information System
10.1.3.1. Market Revenue and Forecast (2017-2030)
Chapter 11. Global Energy Management Systems Market, By Vertical
11.1. Energy Management Systems Market, by Vertical, 2022-2030
11.1.1. Power & Energy
11.1.1.1. Market Revenue and Forecast (2017-2030)
11.1.2. Telecom & IT
11.1.2.1. Market Revenue and Forecast (2017-2030)
11.1.3. Manufacturing
11.1.3.1. Market Revenue and Forecast (2017-2030)
11.1.4. Retail & Offices
11.1.4.1. Market Revenue and Forecast (2017-2030)
11.1.5. Healthcare
11.1.5.1. Market Revenue and Forecast (2017-2030)
11.1.6. Others
11.1.6.1. Market Revenue and Forecast (2017-2030)
Chapter 12. Global Energy Management Systems Market, By End Use
12.1. Energy Management Systems Market, by End Use, 2022-2030
12.1.1. Residential
12.1.1.1. Market Revenue and Forecast (2017-2030)
12.1.2. Commercial
12.1.2.1. Market Revenue and Forecast (2017-2030)
Chapter 13. Global Energy Management Systems Market, Regional Estimates and Trend Forecast
13.1. North America
13.1.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.2. Market Revenue and Forecast, by Component (2017-2030)
13.1.3. Market Revenue and Forecast, by Solution (2017-2030)
13.1.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.1.5. Market Revenue and Forecast, by End Use (2017-2030)
13.1.6. U.S.
13.1.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.1.6.3. Market Revenue and Forecast, by Solution (2017-2030)
13.1.6.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.1.7. Market Revenue and Forecast, by End Use (2017-2030)
13.1.8. Rest of North America
13.1.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.1.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.1.8.3. Market Revenue and Forecast, by Solution (2017-2030)
13.1.8.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.1.8.5. Market Revenue and Forecast, by End Use (2017-2030)
13.2. Europe
13.2.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.3. Market Revenue and Forecast, by Solution (2017-2030)
13.2.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.2.5. Market Revenue and Forecast, by End Use (2017-2030)
13.2.6. UK
13.2.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.6.3. Market Revenue and Forecast, by Solution (2017-2030)
13.2.7. Market Revenue and Forecast, by Vertical (2017-2030)
13.2.8. Market Revenue and Forecast, by End Use (2017-2030)
13.2.9. Germany
13.2.9.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.9.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.9.3. Market Revenue and Forecast, by Solution (2017-2030)
13.2.10. Market Revenue and Forecast, by Vertical (2017-2030)
13.2.11. Market Revenue and Forecast, by End Use (2017-2030)
13.2.12. France
13.2.12.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.12.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.12.3. Market Revenue and Forecast, by Solution (2017-2030)
13.2.12.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.2.13. Market Revenue and Forecast, by End Use (2017-2030)
13.2.14. Rest of Europe
13.2.14.1. Market Revenue and Forecast, by Product (2017-2030)
13.2.14.2. Market Revenue and Forecast, by Component (2017-2030)
13.2.14.3. Market Revenue and Forecast, by Solution (2017-2030)
13.2.14.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.2.15. Market Revenue and Forecast, by End Use (2017-2030)
13.3. APAC
13.3.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.3. Market Revenue and Forecast, by Solution (2017-2030)
13.3.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.3.5. Market Revenue and Forecast, by End Use (2017-2030)
13.3.6. India
13.3.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.6.3. Market Revenue and Forecast, by Solution (2017-2030)
13.3.6.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.3.7. Market Revenue and Forecast, by End Use (2017-2030)
13.3.8. China
13.3.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.8.3. Market Revenue and Forecast, by Solution (2017-2030)
13.3.8.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.3.9. Market Revenue and Forecast, by End Use (2017-2030)
13.3.10. Japan
13.3.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.10.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.10.3. Market Revenue and Forecast, by Solution (2017-2030)
13.3.10.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.3.10.5. Market Revenue and Forecast, by End Use (2017-2030)
13.3.11. Rest of APAC
13.3.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.3.11.2. Market Revenue and Forecast, by Component (2017-2030)
13.3.11.3. Market Revenue and Forecast, by Solution (2017-2030)
13.3.11.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.3.11.5. Market Revenue and Forecast, by End Use (2017-2030)
13.4. MEA
13.4.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.3. Market Revenue and Forecast, by Solution (2017-2030)
13.4.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.4.5. Market Revenue and Forecast, by End Use (2017-2030)
13.4.6. GCC
13.4.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.6.3. Market Revenue and Forecast, by Solution (2017-2030)
13.4.6.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.4.7. Market Revenue and Forecast, by End Use (2017-2030)
13.4.8. North Africa
13.4.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.8.3. Market Revenue and Forecast, by Solution (2017-2030)
13.4.8.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.4.9. Market Revenue and Forecast, by End Use (2017-2030)
13.4.10. South Africa
13.4.10.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.10.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.10.3. Market Revenue and Forecast, by Solution (2017-2030)
13.4.10.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.4.10.5. Market Revenue and Forecast, by End Use (2017-2030)
13.4.11. Rest of MEA
13.4.11.1. Market Revenue and Forecast, by Product (2017-2030)
13.4.11.2. Market Revenue and Forecast, by Component (2017-2030)
13.4.11.3. Market Revenue and Forecast, by Solution (2017-2030)
13.4.11.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.4.11.5. Market Revenue and Forecast, by End Use (2017-2030)
13.5. Latin America
13.5.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.2. Market Revenue and Forecast, by Component (2017-2030)
13.5.3. Market Revenue and Forecast, by Solution (2017-2030)
13.5.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.5.5. Market Revenue and Forecast, by End Use (2017-2030)
13.5.6. Brazil
13.5.6.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.6.2. Market Revenue and Forecast, by Component (2017-2030)
13.5.6.3. Market Revenue and Forecast, by Solution (2017-2030)
13.5.6.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.5.7. Market Revenue and Forecast, by End Use (2017-2030)
13.5.8. Rest of LATAM
13.5.8.1. Market Revenue and Forecast, by Product (2017-2030)
13.5.8.2. Market Revenue and Forecast, by Component (2017-2030)
13.5.8.3. Market Revenue and Forecast, by Solution (2017-2030)
13.5.8.4. Market Revenue and Forecast, by Vertical (2017-2030)
13.5.8.5. Market Revenue and Forecast, by End Use (2017-2030)
Chapter 14. Company Profiles
14.1. Siemens AG
14.1.1. Company Overview
14.1.2. Product Offerings
14.1.3. Financial Performance
14.1.4. Recent Initiatives
14.2. Honeywell Inc.
14.2.1. Company Overview
14.2.2. Product Offerings
14.2.3. Financial Performance
14.2.4. Recent Initiatives
14.3. General Electric Company
14.3.1. Company Overview
14.3.2. Product Offerings
14.3.3. Financial Performance
14.3.4. Recent Initiatives
14.4. Emerson Process Management
14.4.1. Company Overview
14.4.2. Product Offerings
14.4.3. Financial Performance
14.4.4. Recent Initiatives
14.5. Elster Group GmbH
14.5.1. Company Overview
14.5.2. Product Offerings
14.5.3. Financial Performance
14.5.4. Recent Initiatives
14.6. Daintree Networks
14.6.1. Company Overview
14.6.2. Product Offerings
14.6.3. Financial Performance
14.6.4. Recent Initiatives
14.7. Schneider Electric
14.7.1. Company Overview
14.7.2. Product Offerings
14.7.3. Financial Performance
14.7.4. Recent Initiatives
14.8. C3 Energy
14.8.1. Company Overview
14.8.2. Product Offerings
14.8.3. Financial Performance
14.8.4. Recent Initiatives
14.9. Daikin Industries
14.9.1. Company Overview
14.9.2. Product Offerings
14.9.3. Financial Performance
14.9.4. Recent Initiatives
14.10. Gridpoint Inc.
14.10.1. Company Overview
14.10.2. Product Offerings
14.10.3. Financial Performance
14.10.4. Recent Initiatives
Chapter 15. Research Methodology
15.1. Primary Research
15.2. Secondary Research
15.3. Assumptions
Chapter 16. Appendix
16.1. About Us
16.2. Glossary of Terms
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