Report Description

Global Energy Management System Market is expected to grow at a robust pace in the forecast period, 2024-2028. The demand for energy management systems (EMS) has increased due to the growing demand for management of energy use across commercial, industrial, and public sector organizations.

The rapid rate of energy industry digitization and the paradigm shift brought by electrification is expected to drive the demand for global energy management system market. When it comes to assisting businesses in locating and implementing energy-saving technology, EMS is crucial. To provide consistency in energy provision, flexibility in power generation, and to increase energy efficiency, energy management system market is anticipated to gain momentum.

An energy management system, or EMS, is software that can control and monitor power suppliers and power-consuming devices. For example, an energy management system can control a hotel's heating, ventilation, and air conditioning (HVAC) system in every guest room. EMS provides insight into energy consumption, reducing consumption and running costs while maximizing functionality and comfort. Moreover, an EMS typically consists of three components: Meter sensors that measure energy consumption, control systems that send commands through an EMS interface, and real controlled devices such as air conditioners, fans, and lights. A good example of a very simple EMS is a home thermostat. A thermostat has an interface that allows to schedule heating or cooling, a sensor that measures the temperature of the room, a controller that turns the heating on or off, and the actual heating or cooling element itself.


Using an energy management system provides the commercial or residential space with some great benefits, including reduced energy consumption, lower operating costs and more efficient operations. Such systems can also yield insights that would not be possible without a system that closely monitors energy consumption. The most obvious of all benefits is the EMS’s ability to reduce electricity costs by monitoring and optimizing energy used for lighting, heating and cooling, ventilation, etc. By collecting data, it allows administrators to predict energy usage and budget for the same more effectively. One can also use this data to prevent unnecessary work such as ensuring all lights are switched off after working hours, etc.


This benefits the company by enabling significant lasting energy savings, as company staff must continuously monitor energy consumption and resolve anomalies and incidents that cause energy waste. Organizations that decide to adopt ISO 50001 develop a specific type of energy management system 'EnMS'. Besides delivering these benefits, it also brings additional benefits to an organization. In a relatively short time since its publication, ISO 50001 has evolved into an internationally recognized standard for implementing strategic and systematic energy management systems with proven energy and energy cost savings. The list of benefits of ISO 50001 includes significant improvement in energy performance levels from the initial energy baseline. A systematic approach (plan, do, check and execute) that leads to continuous improvement in energy efficiency.

Rapid Adoption of EMS propelling the Global Energy Management System Market growth during the forecast period

The increasing number of projects for energy management all across the globe is driving the growth in the Global Energy Management System Market. For instance, developing nations, such as India are rapidly adopting the EMS systems around the world. The country has passed the milestone of 5 million smart meters in 2022. Over 1.2 million of those are smart prepaid meters. Over 3.7 million meters are in the hands of public and private utilities. Most of the three million units were also installed by Energy Efficiency Services Ltd, a government joint venture with the government responsible for implementing energy efficiency initiatives, including the country's smart metering scheme. The country's smart meter program aims to replace 250 million conventional meters with smart meters.

Additionally, according to the Energy Information Administration, U.S. utilities had about 111 million advanced (smart) metering infrastructures (AMIs) installed in 2021, which is about 69% of all electricity meters. Residential customers accounted for about 88% of all AMI installations, and about 69% of all home electric meters were AMI meters. All these factors are driving the Global Energy Management System Market. 

Rising Demand for Energy Management

Energy is the most important source of social and economic progress. All sectors need energy to function, and with competitive markets and technological advancements, energy is in constant demand. Especially the industrial sector requires a lot of electricity. There is also a growing awareness of the need to optimize and save energy consumption. In addition, market pressures and public perceptions of environmental sustainability have driven companies to try to use energy more effectively. The desire to reduce and optimize energy consumption is expected to be a key driver of the market.

Moreover, energy prices fluctuate due to changes in supply and demand. Energy prices are influenced by many factors, including extreme weather conditions, economic conditions and supply availability. According to the World Energy Outlook, energy consumption is projected to increase by 60% over the next 25 years, with most of this increase occurring in developing countries. Fossil fuels, such as coal and thermal power plants, currently provide a large amount of energy in emerging markets as it is the cheapest non-renewable way to generate energy. Increased energy demand and depletion of natural resources are expected to encourage other more expensive forms of energy production, leading to higher energy prices. Energy consumption has decreased significantly across the world. Significant reductions in energy consumption in some markets are expected to bring down energy prices, especially when compared to the impact of increased energy demand. Therefore, factors such as energy supply constraints and rising energy costs due to energy price volatility are expected to drive the growth of the global energy management system market.

Latest projects and investments fueling the Global Energy Management System Market growth during the forecast period

  • In 2022, Syntax announced a partnership with Siemens Energy to design and implement a new SAP Digital Manufacturing Cloud (DMC) infrastructure for over 80 manufacturing sites worldwide. Syntax signs SAP DMC subscriptions for five of its pilot plants in Germany, Mexico and the UK. These sites reflect the very broad needs of Siemens Energy as Syntax collects critical process data for analysis, process modeling and execution, and resource tuning. During this time, Syntax shall provide the company with expertise in manufacturing process integration and creating standard templates to create a strong foundation for digital factory implementation.
  • In 2019, Madrid City Government signed a USD17 million contract with ACCIONA to improve energy management for nearly 400 municipal buildings, including schools, sports centers, offices and social and cultural centers. The contract shall enable the implementation of a municipal energy management system that city officials can use to assess real-time data on building energy use and correct inefficiencies. The system is expected to use big data and machine learning to collect, process and centralize building energy information. Recorded data is sent to the ACCIONA Building Control Center for analysis, processing and storage. ACCIONA uses this data to identify a building's energy efficiency potential. For example, devices that consume large amounts of energy should be replaced with smart, automated or energy efficient devices. The project is part of the city's Madrid 2030 Sustainable Energy Roadmap, which aims to become energy self-sufficient by 2030 by expanding its renewable energy portfolio. By 2030, the City of Madrid plans to monitor 80% of its facilities using an automated energy management system.
  • In 2020, to reduce operating costs and greenhouse gas emissions, Vale decided to invest USD4.9 million to implement intelligent energy management systems and improve plant performance throughout the production chain, from mine to port and improved process automation. This system, also known as SmartEnergy, was installed with 2,000 smart-hi meters at the company's 57 facilities and major installations in Brazil. Smart meters reduce production downtime by continuously assessing power quality and determining the cause of outages.


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Market Segmentation

The Global Energy Management System Market is segmented based on type, component, deployment type, end user and region. Based on type, the market is segmented into building energy management systems, industrial energy management systems, home energy management systems. Based on component, the market is further bifurcated into hardware and software. Based on deployment type, the market is bifurcated into cloud based and on premise. Based on end user, the market is further divided into manufacturing, power & energy, IT & Telecom and others. Based on region, the market is further segmented into North America, Asia-Pacific, Europe, South America, Middle East & Africa.

Market players

The main market players in the Global Energy Management System Market are ABB Ltd, Honeywell International, Inc., General Electric Co., IBM Corporation, Siemens AG, Cisco Systems, Inc., Eaton Corporation, Schneider Electric SE, Rockwell Automation Inc., Mitsubishi Electric Corporation.

Attribute

Details

Base Year

2022

Historic Data

2018– 2021

Estimated Year

2023

Forecast Period

2024 – 2028

Quantitative Units

Revenue in USD Million and CAGR for 2018-2022 and 2024-2028

Report coverage

Revenue forecast, company share, growth factors, and trends

Segments Covered

Type

Component

Deployment Type

End User

Region

Regional scope

North America, Asia-Pacific, Europe, South America, Middle East & Africa

Country scope

United States, Canada, Mexico, China, India, Japan, South Korea, Australia, Germany, United Kingdom, France, Italy, Spain, Brazil, Argentina, Colombia, Saudi Arabia, South Africa, UAE

Key companies profiled

ABB Ltd, Honeywell International, Inc., General Electric Co., IBM Corporation, Siemens AG, Cisco Systems, Inc., Eaton Corporation, Schneider Electric SE, Rockwell Automation Inc., Mitsubishi Electric Corporation.

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs. Explore purchase options

Delivery Format

PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


Report Scope:

In this report, Global Energy Management System Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

·         Energy Management System Market, By Type:

o    Building Energy Management Systems

o    Industrial Energy Management Systems

o    Home Energy Management Systems   

·         Energy Management System Market, By Component:

o    Hardware

o    Software    

·         Energy Management System Market, By Deployment Type:

o    Cloud Based

o    On Premise    

·         Energy Management System Market, By End User:

o    Manufacturing

o   Power & Energy

o   IT & Telecom

o   Others

·        Energy Management System Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Asia-Pacific

§  India

§  Japan

§  South Korea

§  Australia

§  China

o   Europe

§  Germany

§  United Kingdom

§  France

§  Italy

§  Spain

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East

§  Saudi Arabia

§  South Africa

§  UAE 

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Energy Management System Market.

Available Customizations:

TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to ten).

The Global Energy Management System Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.    Product Overview

2.    Research Methodology

2.1.  Baseline Methodology

2.2.  Key Industry Partners

2.3.  Major Association and Secondary Sources

2.4.  Forecasting Methodology

2.5.  Data Triangulation & Validation

2.6.  Assumptions and Limitations

3.    Executive Summary

4.    Voice of Customers

5.    Global Energy Management System Market

5.1.  Market Size & Forecast

5.1.1.            By Value

5.2.  Market Share & Forecast

5.2.1.            By Type (Building Energy Management Systems, Industrial Energy Management Systems, Home Energy Management Systems)

5.2.2.            By Component (Hardware, Software)

5.2.3.            By Deployment Type (Cloud Based, On Premise)

5.2.4.            By End User (Manufacturing, Power & Energy, IT & Telecom, Others)

5.2.5.            By Region

5.3.  By Company (By 2022)

5.4.  Market Map

6.    North America Energy Management System Market Outlook

6.1.  Market Size & Forecast

6.1.1.            By Value

6.2.  Market Share & Forecast

6.2.1.            By Type

6.2.2.            By Component

6.2.3.            By Deployment Type

6.2.4.            By End User

6.2.5.            By Country

6.3.  North America: Country Analysis

6.3.1.              United States Energy Management System Market Outlook

6.3.1.1.  Market Size & Forecast

6.3.1.1.1.                By Value 

6.3.1.2.  Market Share & Forecast

6.3.1.2.1.                By Type

6.3.1.2.2.                By Component

6.3.1.2.3.                By Deployment Type

6.3.1.2.4.                By End User   

6.3.2.              Canada Energy Management System Market Outlook

6.3.2.1.  Market Size & Forecast

6.3.2.1.1.                By Value 

6.3.2.2.  Market Share & Forecast

6.3.2.2.1.                By Type

6.3.2.2.2.                By Component

6.3.2.2.3.                By Deployment Type

6.3.2.2.4.                By End User  

6.3.3.              Mexico Energy Management System Market Outlook

6.3.3.1.  Market Size & Forecast

6.3.3.1.1.                By Value 

6.3.3.2.  Market Share & Forecast

6.3.3.2.1.                By Type

6.3.3.2.2.                By Component

6.3.3.2.3.                By Deployment Type

6.3.3.2.4.                By End User       

7.    Asia-Pacific Energy Management System Market Outlook

7.1.  Market Size & Forecast

7.1.1.            By Value

7.2.  Market Share & Forecast

7.2.1.            By Type

7.2.2.            By Component

7.2.3.            By Deployment Type

7.2.4.            By End User

7.2.5.            By Country

7.3.  Asia-Pacific: Country Analysis

7.3.1.              China Energy Management System Market Outlook

7.3.1.1.  Market Size & Forecast

7.3.1.1.1.                By Value 

7.3.1.2.  Market Share & Forecast

7.3.1.2.1.                By Type

7.3.1.2.2.                By Component

7.3.1.2.3.                By Deployment Type

7.3.1.2.4.                By End User

7.3.2.              India Energy Management System Market Outlook

7.3.2.1.  Market Size & Forecast

7.3.2.1.1.                By Value 

7.3.2.2.  Market Share & Forecast

7.3.2.2.1.                By Type

7.3.2.2.2.                By Component

7.3.2.2.3.                By Deployment Type

7.3.2.2.4.                By End User

7.3.3.              Japan Energy Management System Market Outlook

7.3.3.1.  Market Size & Forecast

7.3.3.1.1.                By Value 

7.3.3.2.  Market Share & Forecast

7.3.3.2.1.                By Type

7.3.3.2.2.                By Component

7.3.3.2.3.                By Deployment Type

7.3.3.2.4.                By End User

7.3.4.              South Korea Energy Management System Market Outlook

7.3.4.1.  Market Size & Forecast

7.3.4.1.1.                By Value 

7.3.4.2.  Market Share & Forecast

7.3.4.2.1.                By Type

7.3.4.2.2.                By Component

7.3.4.2.3.                By Deployment Type

7.3.4.2.4.                By End User

7.3.5.              Australia Energy Management System Market Outlook

7.3.5.1.  Market Size & Forecast

7.3.5.1.1.                By Value 

7.3.5.2.  Market Share & Forecast

7.3.5.2.1.                By Type

7.3.5.2.2.                By Component

7.3.5.2.3.                By Deployment Type

7.3.5.2.4.                By End User   

8.    Europe Energy Management System Market Outlook

8.1.  Market Size & Forecast

8.1.1.            By Value

8.2.  Market Share & Forecast

8.2.1.            By Type

8.2.2.            By Component

8.2.3.            By Deployment Type

8.2.4.            By End User

8.2.5.            By Country

8.3.  Europe: Country Analysis

8.3.1.            Germany Energy Management System Market Outlook

8.3.1.1.  Market Size & Forecast

8.3.1.1.1.                By Value 

8.3.1.2.  Market Share & Forecast

8.3.1.2.1.                By Type

8.3.1.2.2.                By Component

8.3.1.2.3.                By Deployment Type

8.3.1.2.4.                By End User      

8.3.2.              United Kingdom Energy Management System Market Outlook

8.3.2.1.  Market Size & Forecast

8.3.2.1.1.                By Value 

8.3.2.2.  Market Share & Forecast

8.3.2.2.1.                By Type

8.3.2.2.2.                By Component

8.3.2.2.3.                By Deployment Type

8.3.2.2.4.                By End User         

8.3.3.              France Energy Management System Market Outlook

8.3.3.1.  Market Size & Forecast

8.3.3.1.1.                By Value 

8.3.3.2.  Market Share & Forecast

8.3.3.2.1.                By Type

8.3.3.2.2.                By Component

8.3.3.2.3.                By Deployment Type

8.3.3.2.4.                By End User        

8.3.4.              Spain Energy Management System Market Outlook

8.3.4.1.  Market Size & Forecast

8.3.4.1.1.                By Value 

8.3.4.2.  Market Share & Forecast

8.3.4.2.1.                By Type

8.3.4.2.2.                By Component

8.3.4.2.3.                By Deployment Type

8.3.4.2.4.                By End User        

8.3.5.              Italy Energy Management System Market Outlook

8.3.5.1.  Market Share & Forecast

8.3.5.1.1.                By Value 

8.3.5.2.  Market Share & Forecast

8.3.5.2.1.                By Type

8.3.5.2.2.                By Component

8.3.5.2.3.                By Deployment Type

8.3.5.2.4.                By End User        

9.    South America Energy Management System Market Outlook

9.1.  Market Size & Forecast

9.1.1.            By Value

9.2.  Market Share & Forecast

9.2.1.            By Type

9.2.2.            By Component

9.2.3.            By Deployment Type

9.2.4.            By End User

9.2.5.            By Country

9.3.  South America: Country Analysis

9.3.1.            Brazil Energy Management System Market Outlook

9.3.1.1.  Market Size & Forecast

9.3.1.1.1.                By Value 

9.3.1.2.  Market Share & Forecast

9.3.1.2.1.                By Type

9.3.1.2.2.                By Component

9.3.1.2.3.                By Deployment Type

9.3.1.2.4.                By End User              

9.3.2.            Argentina Energy Management System Market Outlook

9.3.2.1.  Market Size & Forecast

9.3.2.1.1.                By Value 

9.3.2.2.  Market Share & Forecast

9.3.2.2.1.                By Type

9.3.2.2.2.                By Component

9.3.2.2.3.                By Deployment Type

9.3.2.2.4.                By End User          

9.3.3.            Colombia Energy Management System Market Outlook

9.3.3.1.  Market Size & Forecast

9.3.3.1.1.                By Value 

9.3.3.2.  Market Share & Forecast

9.3.3.2.1.                By Type

9.3.3.2.2.                By Component

9.3.3.2.3.                By Deployment Type

9.3.3.2.4.                By End User         

10. Middle East & Africa Energy Management System Market Outlook

10.1.   Market Size & Forecast

10.1.1.          By Value

10.2.   Market Share & Forecast

10.2.1.          By Type

10.2.2.          By Component

10.2.3.          By Deployment Type

10.2.4.          By End User

10.2.5.          By Country

10.3.   Middle East & Africa: Country Analysis

10.3.1.          Saudi Arabia Energy Management System Market Outlook

10.3.1.1.               Market Size & Forecast

10.3.1.1.1.             By Value 

10.3.1.2.               Market Share & Forecast

10.3.1.2.1.             By Type

10.3.1.2.2.             By Component

10.3.1.2.3.             By Deployment Type

10.3.1.2.4.             By End User              

10.3.2.          South Africa Energy Management System Market Outlook

10.3.2.1.               Market Size & Forecast

10.3.2.1.1.             By Value 

10.3.2.2.               Market Share & Forecast

10.3.2.2.1.             By Type

10.3.2.2.2.             By Component

10.3.2.2.3.             By Deployment Type

10.3.2.2.4.             By End User              

10.3.3.          UAE Energy Management System Market Outlook

10.3.3.1.               Market Size & Forecast

10.3.3.1.1.             By Value 

10.3.3.2.               Market Share & Forecast

10.3.3.2.1.             By Type

10.3.3.2.2.             By Component

10.3.3.2.3.             By Deployment Type

10.3.3.2.4.             By End User         

11. Market Dynamics

11.1.   Drivers

11.2.   Challenges

12. Market Trends & Developments

13. Company Profiles

13.1.   ABB Ltd

13.1.1.      Business Overview

13.1.2.      Key Revenue & Financials (If Available)

13.1.3.      Recent Developments

13.1.4.      Key Personnel

13.1.5.      Key Product/Service Offered

13.2.   Honeywell International, Inc.

13.2.1.      Business Overview

13.2.2.      Key Revenue & Financials (If Available)

13.2.3.      Recent Developments

13.2.4.      Key Personnel

13.2.5.      Key Product/Service Offered

13.3.   General Electric Co.

13.3.1.      Business Overview

13.3.2.      Key Revenue & Financials (If Available)

13.3.3.      Recent Developments

13.3.4.      Key Personnel

13.3.5.      Key Product/Service Offered

13.4.   IBM Corporation

13.4.1.      Business Overview

13.4.2.      Key Revenue & Financials (If Available)

13.4.3.      Recent Developments

13.4.4.      Key Personnel

13.4.5.      Key Product/Service Offered

13.5.   Siemens AG

13.5.1.      Business Overview

13.5.2.      Key Revenue & Financials (If Available)

13.5.3.      Recent Developments

13.5.4.      Key Personnel

13.5.5.      Key Product/Service Offered

13.6.   Cisco Systems, Inc.

13.6.1.      Business Overview

13.6.2.      Key Revenue & Financials (If Available)

13.6.3.      Recent Developments

13.6.4.      Key Personnel

13.6.5.      Key Product/Service Offered

13.7.   Eaton Corporation

13.7.1.      Business Overview

13.7.2.      Key Revenue & Financials (If Available)

13.7.3.      Recent Developments

13.7.4.      Key Personnel

13.7.5.      Key Product/Service Offered

13.8.   Schneider Electric SE

13.8.1.      Business Overview

13.8.2.      Key Revenue & Financials (If Available)

13.8.3.      Recent Developments

13.8.4.      Key Personnel

13.8.5.      Key Product/Service Offered

13.9.   Rockwell Automation Inc.

13.9.1.      Business Overview

13.9.2.      Key Revenue & Financials (If Available)

13.9.3.      Recent Developments

13.9.4.      Key Personnel

13.9.5.      Key Product/Service Offered

13.10. Mitsubishi Electric Corporation

13.10.1.   Business Overview

13.10.2.   Key Revenue & Financials (If Available)

13.10.3.   Recent Developments

13.10.4.   Key Personnel

13.10.5.   Key Product/Service Offered

14. Strategic Recommendations

15. About Us & Disclaimer

(Note: The companies list can be customized based on the client requirements.)

Figures and Tables

Frequently asked questions

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An energy management system is a system of computerized tools used by power system operators to monitor, control, and optimize the performance of power generation or transmission systems.

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EMS consists of four main functions: network modeling building (including topology processing and state estimation), security evaluation, automatic generation control, shipping.

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A thermostat serves as a nice illustration of a fairly simple energy management system. A sensor that gauges the room's temperature, a controller that instructs the heater to switch on or off, and the actual heating or cooling element itself are all components of the thermostat.

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Major market players are ABB Ltd, Honeywell International, Inc., General Electric Co., IBM Corporation, Siemens AG, Cisco Systems, Inc., Eaton Corporation, Schneider Electric SE, Rockwell Automation Inc., Mitsubishi Electric Corporation.

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Parvati Sharma

Account Manager BD
Press Release

Energy Management System Market Is Expected To Register An Impressive CAGR In The Forecast Period

Jun, 2023

Growing government initiatives related to installation of smart meters & smart grids to drive the Global Energy Management System Market in the forecast period.