Energy Management Systems Market - Global Industry Analysis
Energy Management Systems Market For Utility, Industrial, Residential, And Enterprise Energy Management And Other Software’s: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028
The global Energy Management Systems Market accounted for USD 45.3 Billion in 2020 and is expected to reach USD 118.2 Billion by 2028, growing at a CAGR of around 12.8% between 2021 and 2028.
Description
Market Overview
The global Energy Management Systems Market accounted for USD 45.3 Billion in 2020 and is expected to reach USD 118.2 Billion by 2028, growing at a CAGR of around 12.8% between 2021 and 2028.
Energy management is a procedure of organizing and optimizing energy consumption. Increasing demand for renewable energy and wincing supply of non-renewable natural resources like coal is stimulating the overall market. Moreover, government mandates are insisting for more rigorous sustainability standards. Energy management enables reduction in cost, reduced carbon emission and maximize energy savings. An Energy management system (EnMS) delivers a framework for industrial services to accomplish current energy usage along with categorises prospects to embrace energy-convertible technologies, as well as those that do not inevitably have need of capital investment. Moreover, the conclusion of a successful EnMS is not only to decrease in energy usage and cost, but also an assembly of additional non-energy competence welfares including efficiency, superiority, resource management, declined liability and asset ethics. Statically, a recent IEA study has revealed that certain non-energy associated impressions of enhanced energy efficiency conveyed 2.5 times the assessment of the energy demand drop.
Key players are integrating data analytics to their current energy management systems segments for proficient monitoring of data. Product enhancement, brand recognition and ongoing technological advancements are other factors the players are focusing on.
COVID-19 Impact Analysis
The lockdowns imposed by various countries to contain the spread of Covid-19 has impacted the global operations and supply chain which had a negative consequences on Energy Management Systems Market as the global sales declined. The COVID-19 pandemic signifies not only a global health crisis, but also indicates the commencement of a new era of economic activity, the penalties of which we presently do not fully comprehend. One clear effect of the pandemic is energy consumption patterns and peaking demand on account of which many countries testified a noteworthy reduction in power consumption in both the industrial and commercial sectors, which presented several encounters to electric utilities and system operatives. During the lockdown, curtailment in several activities such as movement, economic activity, manufacturing and construction, plunged the global energy demand. The weakening in energy demand and consumption conveys damage to the energy management system industry. For instance, the COVID-19 pandemic triggered bankrupty of at least 19 energy companies in the U.S. The limitations enforced by numerous nations to contain COVID had stopped the demand and supply causing in a disturbance across the whole supply chain. However, the global markets are gradually opening to their full prospective and theirs a surge in demand.
Growth Factors
The global warming and climate change has forced the countries and the people to think over to reduce the carbon footprints. Rising demand for energy conservation and environment safety will strengthen the Energy management systems market. Evolution of smart grid and favourable government mandates are other factors fuelling the market growth.
Increasing awareness in industrial sectors for the efficient utilization of energy consumption is the major component which is driving energy management system market growth. Moreover, increasing alertness about carbon emission management serves as a major factor to fuel the growth of energy management system market over forecast periods. However, lack of awareness of consumer and financial resources are restraining the energy management system market growth. Nonetheless, technological advancement such as software-as-a-service is expected to spur the market growth of energy management system market over the forecast period.
Report Scope:
| Report Attribute | Details |
|---|---|
| Base Year | 2020 |
| Historic Years | 2016 - 2020 |
| Forecast Years | 2021 - 2028 |
| Segments Covered | By Product Type, By Application, and By End Use |
| Forecast Units | Value (USD Billion), and Volume (Units) |
| Quantitative Units | Revenue in USD million/billion and CAGR from 2021 to 2028 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
| Countries Covered | U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
| Number of Companies Covered | 10 companies with scope for including additional 15 companies upon request |
| Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
| Customization Scope | Avail customized purchase options to meet your exact research needs. |
Software Segment Analysis Preview
The global market for Energy Management Systems is divided into two categories: Software and region. The market is segmented into industrial sectors based on the Software, such as Industrial, Utility, Enterprise Energy Management, Residential, and others. The industrial energy management software sector will have the significant growth and will also dominate the market in the forecast period. Energy use in industries is much more related to operational practices than in the residential and commercial sectors. The energy-using systems in industries are designed to support the production practices which may are relatively energy efficient under an initial production scenario. Industry management software is accounted for over 53.5% of the global energy management system market in 2020.
Key Market Players & Competitive Landscape
Some of the major players of global Energy Management Systems Market includes General Electric Company, ABB Ltd, Eaton Corporation PLC Cisco Systems, Honeywell International, Inc., International Business Machine Corporation, Schneider Electric SE, Siemens AG, Emerson Process Management, among others.
The global Energy Management Systems Market is segmented as follows:
By Software
- Utility
- Industrial
- Residential
- Enterprise Energy Management
- Others
By Region
- North America
- The U.S.
- Canada
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content
- Chapter No. 1 Introduction
- 1.1. Report Description
- 1.1.1. Purpose of the Report
- 1.1.2. USP & Key Offerings
- 1.2. Key Benefits for Stakehulders
- 1.3. Target Audience
- 1.4. Report Scope
- 1.1. Report Description
- Chapter No. 2 Executive Summary
- 2.1. Key Findings
- 2.1.1. Top Investment Pockets
- 2.1.1.1. Market Attractiveness Analysis, By Type
- 2.1.1.2. Market Attractiveness Analysis, By Region
- 2.1.1. Top Investment Pockets
- 2.2. Market Snapshot
- 2.3. Global Energy Management Systems Market, 2016 – 2028 (USD Billion)
- 2.4. Insights from Primary Respondents
- 2.1. Key Findings
- Chapter No. 3 COVID 19 Impact Analysis
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- 3.1.1. North America
- 3.1.2. Europe
- 3.1.3. Asia Pacific
- 3.1.4. Latin America
- 3.1.5. The Middle-East and Africa
- 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
- 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
- 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
- 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
- 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
- 3.6. Short Term Dynamics
- 3.7. Long Term Dynamics
- 3.1. Impact Assessment of COVID-19 Pandemic, By Region
- Chapter No. 4 Energy Management Systems Market – Software Segment Analysis
- 4.1. Overview
- 4.1.1. Market Revenue Share, By Software, 2020 & 2028
- 4.2. Utility
- 4.2.1. Market Size and Forecast, By Region (USD Billion)
- 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.2.3. Key Market Trends, Growth Factors, & Opportunities
- 4.3. Industrial
- 4.3.1. Market Size and Forecast, By Region (USD Billion)
- 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.3.3. Key Market Trends, Growth Factors, & Opportunities
- 4.4. Residential
- 4.4.1. Market Size and Forecast, By Region (USD Billion)
- 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.4.3. Key Market Trends, Growth Factors, & Opportunities
- 4.5. Enterprise Energy Management
- 4.5.1. Market Size and Forecast, By Region (USD Billion)
- 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.5.3. Key Market Trends, Growth Factors, & Opportunities
- 4.6. Enterprise Energy Management
- 4.6.1. Market Size and Forecast, By Region (USD Billion)
- 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
- 4.6.3. Key Market Trends, Growth Factors, & Opportunities
- 4.1. Overview
- Chapter No. 5: Energy Management Systems Market – Industry Analysis
- 5.1. Overview
- 5.1.1. Global Market Revenue Share, By Region, 2020 & 2028
- 5.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
- 5.2. North America
- 5.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.2.2. North America Market Revenue, By Software, 2016 – 2028
- 5.2.3. U.S.
- 5.2.3.1. U.S. Market Revenue, By Software, 2016 – 2028
- 5.2.4. Canada
- 5.2.4.1. Canada Market Revenue, By Software, 2016 – 2028
- 5.2.5. Mexico
- 5.2.5.1. Mexico Market Revenue, By Software, 2016 – 2028
- 5.3. Europe
- 5.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.3.2. Europe Market Revenue, By Software, 2016 – 2028
- 5.3.3. Germany
- 5.3.3.1. Germany Market Revenue, By Software, 2016 – 2028
- 5.3.4. France
- 5.3.4.1. France Market Revenue, By Software, 2016 – 2028
- 5.3.5. U.K.
- 5.3.5.1. U.K. Market Revenue, By Software, 2016 – 2028
- 5.3.6. Italy
- 5.3.6.1. Italy Market Revenue, By Software, 2016 – 2028
- 5.3.7. Spain
- 5.3.7.1. Spain Market Revenue, By Software, 2016 – 2028
- 5.3.8. Rest of Europe
- 5.3.8.1. Rest of Europe Market Revenue, By Software, 2016 – 2028
- 5.4. Asia Pacific
- 5.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.4.2. Asia Pacific Market Revenue, By Software, 2016 – 2028
- 5.4.3. China
- 5.4.3.1. China Market Revenue, By Software, 2016 – 2028
- 5.4.4. Japan
- 5.4.4.1. Japan Market Revenue, By Software, 2016 – 2028
- 5.4.5. India
- 5.4.5.1. India Market Revenue, By Software, 2016 – 2028
- 5.4.6. South Korea
- 5.4.6.1. South Korea Market Revenue, By Software, 2016 – 2028
- 5.4.7. South-East Asia
- 5.4.7.1. South-East Asia Market Revenue, By Software, 2016 – 2028
- 5.4.8. Rest of Asia Pacific
- 5.4.8.1. Rest of Asia Pacific Market Revenue, By Software, 2016 – 2028
- 5.5. Latin America
- 5.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.5.2. Latin America Market Revenue, By Software, 2016 – 2028
- 5.5.3. Brazil
- 5.5.3.1. Brazil Market Revenue, By Software, 2016 – 2028
- 5.5.4. Argentina
- 5.5.4.1. Argentina Market Revenue, By Software, 2016 – 2028
- 5.5.5. Rest of Latin America
- 5.5.5.1. Rest of Latin America Market Revenue, By Software, 2016 – 2028
- 5.7. The Middle-East and Africa
- 5.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
- 5.6.2. The Middle-East and Africa Market Revenue, By Software, 2016 – 2028
- 5.6.3. GCC Countries
- 5.6.3.1. GCC Countries Market Revenue, By Software, 2016 – 2028
- 5.6.4. South Africa
- 5.6.4.1. South Africa Market Revenue, By Software, 2016 – 2028
- 5.6.5. Rest of Middle-East Africa
- 5.6.5.1. Rest of Middle-East Africa Market Revenue, By Software, 2016 – 2028
- 5.1. Overview
- Chapter No. 6: Energy Management Systems Market – Industry Analysis
- 6.1. Introduction
- 6.2. Market Drivers
- 6.2.1. Driving Factor 1 Analysis
- 6.2.2. Driving Factor 2 Analysis
- 6.3. Market Restraints
- 6.3.1. Restraining Factor Analysis
- 6.4. Market Opportunities
- 6.4.1. Market Opportunity Analysis
- 6.5. Porter’s Five Forces Analysis
- 6.6. PEST Analysis
- 6.7. Regulatory Landscape
- 6.8. Technology Landscape
- 6.9. Regional Market Trends
- 6.9.1. North America
- 6.9.2. Europe
- 6.9.3. Asia Pacific
- 6.9.4. Latin America
- 6.9.5. The Middle-East and Africa
- 6.10. Pricing Analysis
- 6.11. Value Chain Analysis
- 6.12. Downstream Buyers
- 6.13. Distributors/Traders List
- Chapter No. 7: Competitive Landscape
- 7.1. Company Market Share Analysis – 2019
- 7.1.1. Global Energy Management Systems Market: Company Market Share, 2019
- 7.1.2. Global Energy Management Systems Market, Company Market Revenue, 2016 – 2019 (USD Billion)
- 7.1.3. Global Energy Management Systems Market, Company Y-o-Y Growth, 2017 – 2019 (%)
- 7.1.4. Global Energy Management Systems Market: Radar Determinant Chart, 2019
- 7.2. Strategic Developments
- 7.2.1. Acquisitions & Mergers
- 7.2.2. New Type Launch
- 7.2.3. Regional Expansion
- 7.3. Company Strategic Developments – Heat Map Analysis
- 7.1. Company Market Share Analysis – 2019
- Chapter No. 8: Company Profiles
- 8.1. General Electric Company
- 8.1.1. Company Overview
- 8.1.2. Key Executives
- 8.1.3. Type Portfolio
- 8.1.4. Financial Overview
- 8.1.5. Operating Business Segments
- 8.1.6. Business Performance
- 8.1.7. Recent Developments
- 8.2. ABB Ltd
- 8.3. Eaton Corporation PLC Cisco Systems
- 8.4. Honeywell International, Inc.
- 8.5. International Business Machine Corporation
- 8.6. Schneider Electric SE
- 8.8. Siemens AG
- 8.9. Emerson Process Management
- 8.10. CA Technulogies
- 8.1. General Electric Company
- Chapter No. 9: Marketing Strategy Analysis
- 9.1. Marketing Channel
- 9.2. Direct Marketing
- 9.3. Indirect Marketing
- 9.4. Marketing Channel Development Trends
- 9.5. Economic/Pulitical Environmental Change
- Chapter No. 10: Research Methodology
- 10.1. Research Methodology
- 10.2. Phase I - Secondary Research
- 10.3. Phase II - Data Modeling
- 10.3.1. Company Share Analysis Model
- 10.3.2. Revenue Based Modeling
- 10.4. Phase III - Primary Research
- 10.5. Research Limitations
- 10.5.1. Assumptions
Table Of Figures
List of Figures
FIG NO. 1. Market Attractiveness Analysis, By Software
FIG NO. 2. Market Attractiveness Analysis, By Region
FIG NO. 3. Global Energy Management Systems Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 4. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 5. Market Revenue Share, By Software, 2020 & 2028
FIG NO. 6. Global Energy Management Systems Market for Utility, Revenue (USD Billion) 2016 – 2028
FIG NO. 7. Comparative Revenue Analysis of Energy Management Systems Market for Utility, By Country, 2020 & 2028
FIG NO. 8. Global Energy Management Systems Market for Industrial, Revenue (USD Billion) 2016 – 2028
FIG NO. 9. Comparative Revenue Analysis of Energy Management Systems Market for Industrial, By Country, 2020 & 2028
FIG NO. 10. Global Energy Management Systems Market for Residential, Revenue (USD Billion) 2016 – 2028
FIG NO. 11. Comparative Revenue Analysis of Energy Management Systems Market for Residential, By Country, 2020 & 2028
FIG NO. 12. Global Energy Management Systems Market for Enterprise Energy Management, Revenue (USD Billion) 2016 – 2028
FIG NO. 13. Comparative Revenue Analysis of Energy Management Systems Market for Enterprise Energy Management, By Country, 2020 & 2028
FIG NO. 14. Global Energy Management Systems Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 15. Comparative Revenue Analysis of Energy Management Systems Market for Others, By Country, 2020 & 2028
FIG NO. 15. North America Energy Management Systems Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 16. Porter’s Five Forces Analysis for Global Energy Management Systems Market
FIG NO. 17. PEST Analysis for Global Energy Management Systems Market
FIG NO. 18. Pricing Analysis for Global Energy Management Systems Market
FIG NO. 19. Value Chain Analysis for Global Energy Management Systems Market
FIG NO. 20. Company Share Analysis, 2019
FIG NO. 21. Radar Determinant Chart, 2019
FIG NO. 22. Company Strategic Developments – Heat Map Analysis
FIG NO. 23. Archer Daniels Midland Company Business Segment Revenue Share, 2020 (%)
FIG NO. 24. Archer Daniels Midland Company Geographical Segment Revenue Share, 2020 (%)
FIG NO. 25. Market Channels
FIG NO. 26. Marketing Channel Development Trend
FIG NO. 27. Growth in World Gross Type, 2008-2018
FIG NO. 28. Research Methodology – Detailed View
FIG NO. 29. Research Methodology
Table Of Tables
List of Tables
TABLE NO. 1. Global Energy Management Systems Market: Snapshot
TABLE NO. 2. Quarterly Energy Management Systems Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Energy Management Systems Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
TABLE NO. 6. Global Energy Management Systems Market for Utility, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Energy Management Systems Market for Industrial, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Energy Management Systems Market for Residential, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Energy Management Systems Market for Enterprise Energy Management, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Energy Management Systems Market for others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10. Global Energy Management Systems Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. North America Energy Management Systems Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 12. North America Energy Management Systems Market Revenue, By Software, 2016 – 2028 (USD Billion)
TABLE NO. 13. U.S. Energy Management Systems Market Revenue, By Software, 2016 – 2028 (USD Billion)
TABLE NO. 14. Canada Energy Management Systems Market Revenue, By Software, 2016 – 2028 (USD Billion)
TABLE NO. 15. Mexico Energy Management Systems Market Revenue, By Software, 2016 – 2028 (USD Billion)
TABLE NO. 16. Drivers for the Energy Management Systems Market: Impact Analysis
TABLE NO. 17. Restraints for the Energy Management Systems Market: Impact Analysis
TABLE NO. 18. Major Buyers of Energy Management Systems
TABLE NO. 19. Distributors/Traders List of Energy Management Systems
TABLE NO. 20. Global Energy Management Systems Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 21: Global Energy Management Systems Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)
Methodology
This report is based on in-depth qualitative and quantitative analyses of the global Energy Management Systems market. Zion Research has collected and analyzed key data belong to the global Energy Management Systems market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.
The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.
Various parameters have been taken into account while estimating market size. The revenue generated by the leading industry participants in from the sales of Energy Management Systems across the world has been calculated through primary and secondary research.
Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc.
For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in the validation of findings from secondary research and to understand key trends in the Energy Management Systems industry. Primary research makes up the major source of data collection and validation.
Primary Research
We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:
- Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
- Helps in validating and strengthening the secondary research findings
- Further, develops the analysis team’s expertise and market understanding
- Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
Participants who typically participate in such a process include, but are not limited to:
- Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
- Purchasing managers, technical personnel, distributors and resellers
- Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry verticals
Secondary Research
Secondary research sources that are typically referred to include, but are not limited to:
- Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
- IDC and other relevant magazines
- Internal and external proprietary databases, and relevant patent and regulatory databases
- National government documents, statistical databases and market reports
News articles, press releases and webcasts specific to companies operating in the market
Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Energy Management Systems market.
Models
Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:
- Demographic data: Population split by segments
- Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
- Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
- Data is then cross-checked by an expert panel.
Free Analysis
Energy management system (EMS) is a system of computer-aided tools used by operators of electric utility grids to monitor, control, and optimize the performance of the generation and transmission asset in real time.Energy management system plays the key role in helping the businesses, industries, and individuals to become more energy efficient. In addition, this system will help them to lower the electricity expenses considerably. Factors like the rising in energy crisis and growth in industries in emerging economies help to impel demand of energy management system.
The key factors which are mainly driving the energy management system market is escalating energy consumption and price volatility. Furthermore, increasing awareness in industrial sectors for the efficient utilization of energy consumption is also fueling the growth of this market. In addition, stringent government policies and guidelines or government intervention over misuse of energy consumption spurs the growth of this market. However, lack of financial resources for new entrant enterprises serve as a major restraining factor which hampers the growth of energy management system market. A long period of return on investment for energy-intensive industries is the poising challenge to the growth of energy management system market.Nonetheless, upcoming smart city project in developing countries and technological advancement such as integration of energy management system with smart devices are offering new avenues to this market.
Energy management system is segmented on the basis of utility EMS software, industrial EMS software, enterprise energy management software, residential EMS and others. Utility EMS software is projected to dominate energy management system market over the forecast period. Due to the high penetration of cloud services, declining cost of IoT components, regional government initiatives for smart grid roll-out are driving the demand for utility EMS software on the global scale. However, adopting the utility EMS software is still a challenge in some regions due to poor infrastructure and cyber attacks. Lack of technological awareness regarding privacy & security has raised a number of concerns for the retailers which is hindering the adoption of energy management system solution in the utility industry.
North America held the largest share in energy management system and expected to dominate this market over the forecast period. The government of North America has been actively involved with the energy efficiency management standards for the residential sector.This has pushed the residential energy management market toward the energy management system. Asia Pacific is anticipated to show the fastest growth for energy management system due to the larger population and booming industrial sector, especially in China.
Key market player of the energy management system market is ABB Ltd, Cisco Systems, Inc., General Electric Company, Honeywell International, Inc., International Business Machine Corporation, Schneider Electric SE, Siemens AG, Emerson Process Management, CA Technologies, and Eaton Corporation PLC among others.
Choose License Type
FrequentlyAsked Questions
The global Energy Management Systems Market was valued at USD 45.3 billion in 2020.
The global Energy Management Systems Market is expected to reach USD 118.2 billion by 2028, growing at a CAGR of 12.8% between 2021 to 2028.
Increasing number of smart city projects and rising cost of non-renewable sources are the major factors in the growth of the Energy Management Systems Market.
North America accounted towards a major share of Energy Management Systems Market and will continue to dominate the market over the next few years as the consumption and production is more in North America than the other regions.
Some of the major players of global Energy Management Systems Market includes General Electric Company, ABB Ltd, Eaton Corporation PLC Cisco Systems, Honeywell International, Inc., International Business Machine Corporation, Schneider Electric SE, Siemens AG, Emerson Process Management, among others.
RelatedNews
Office Address
Contact Us
Zion Market Research
Tel: +1 (302) 444-0166
USA/Canada Toll Free No.+1 (855) 465-4651
Asia Pacific Office
3rd Floor,
Mrunal Paradise, Opp Maharaja Hotel,
Pimple Gurav, Pune 411061,
Maharashtra, India
Phone No +91 7768 006 007, +91 7768 006 008
Contact #
US OFFICE NO +1 (302) 444-0166
US/CAN TOLL FREE +1 (855) 465-4651
Email: sales@zionmarketresearch.com
We Are On Social
Industry Press Release
We Accept
We have secured system to process your transaction.
How it Works?
Our Company
Business Hours
Our support available to help you 24 hours a day, five days a week.
Monday - Friday: 9AM - 6PM
Saturday - Sunday: Closed