Energy Management System (EMS) Market, by Deployment (Cloud Based, and On-Premise), by Vertical (Automotive, Building Automation, Oil & Gas, Manufacturing, Pharmaceutical, Power and Energy, and Others (Food & Beverages Government, etc.)), by Software (Utility Energy Management, Industrial Energy Management, Enterprise Carbon and Energy Management, and Residential Energy Management) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
An Energy Management System is a system of computer-aided tools utilized to control, monitor, and optimize the performance of the transmission or generation system. In layman’s term, it is a database of information related to usage of financial data, energy resources, and other essential factors that aid organizations in controlling, monitoring, and analyzing operations. EMS is used by large enterprises to monitor and track energy usage in their facilities. EMS software helps to assess and build operator’s energy consumption targets, analyze consumption trends, and identify and validate opportunities for energy efficient programs, in order to minimize operational and energy costs. Currently, enterprises are required to monitor and analyze their performance in a number of ways.
The Global Energy Management System (EMS) Market was valued at US$ 37.8 Bn in 2021 and is expected grow at a CAGR of 15.9% during the forecast period (2022-2030).
Market Dynamics
An Energy Management System (EMS) is a system of computer-aided tools utilized to control, monitor, and optimize the performance of the transmission or generation system. An energy management system is a database of information that deals with energy usage, resources, financial data, and other essential factors that assist organizations in monitoring, analyzing, and controlling applications. The data analyzed in this process can be historical or can be real-time. EMS is typically used by large enterprises to track and monitor the energy usage in their facilities. It helps enterprises to assess and build energy consumption targets, analyze consumption trends, and identify and validate opportunities for energy efficient programs, in order to minimize operational and energy costs. Furthermore, maintaining environmental sustainability has become a worldwide concern, which has compelled investors, customers, and suppliers to take decisive steps regarding environmental sustainability. The EMS help enterprises in minimizing greenhouse gas emission, which in turn, is expected to support organizations to invest in energy management solutions, thereby driving growth of the market.
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