Energy Management Systems Market Size, Share, and Analysis, By System Type (Home Energy Management System, Industrial Energy Management System, Building Energy Management System), By Deployment (On-Premises, Cloud), By Industry (Manufacturing, Oil & Gas, Energy & Utilities, Healthcare, Automotive, Others), By Component (Software, Hardware, Services), By Application (Automation, Property Safety, Design, Energy Distribution, e-Mobility, and Others), By End User (Healthcare, Residential/Smart Homes, Energy & Power, Commercial Building/Complex, Telecom & IT, Industrial) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEWEnergy Management Systems Market size was USD 40.91 billion in 2021 and projected to grow from USD 53.9 billion in 2023 to USD 190 billion by 2032, exhibiting a CAGR of 15% during the forecast period.
An energy management system is a computer-supported tool used by operators of electric utility grids to inspect, regulate, and optimize the performance of transmission or production system and can be utilized in small scale systems like microgrids. Energy Management Systems is one of the evolving technologies that permits an organization to pool real-time data on the use of energy by estimating and visualizing consumption of energy and aids in taking data related decisions thereby improving the enterprise-level operation & financial decisions.
MARKET HIGHLIGHTSEnergy Management Systems Market is expected to reach USD 190 billion, growing at a CAGR of 15% during forecast period owing to the growing acceptance of smart meters and smart grids which are important in improving the market value. The initiatives taken by governments to digitize the national energy systems and their policies to maintain green and sustainable energy usage are anticipated to drive the demand for increasing efficiency thereby aiding in market growth. Increasing investments in energy-efficient solutions like smart buildings, smart industry projects may boost market growth.
Energy Management Systems Market Segments:By System Type
Home Energy Management System
Industrial Energy Management System
Building Energy Management System
By Deployment
On-Premises
Cloud
By Industry
Manufacturing
Oil & Gas
Energy & Utilities
Healthcare
Automotive
Others
By Component
Software
Hardware
Services
By Application
Automation
Property Safety
Design
Energy Distribution
e-Mobility
Others
MARKET DYNAMICSGrowth DriversIncreasing Digitalization is Expected to Boost the Growth of the Market
Promoting Sustainable Energy is Expected to Boost the Growth of the Market
RestraintHigh Cost of Implementation May Restrain the Growth of the Market
Key PlayersHoneywell International Inc.
Schneider Electric SE
GridPoint
Johnson Controls, Inc.
C3.ai, Inc.
General Electric
ABB
Cisco Systems, Inc
Siemens AG
Emerson Process Management
International Business Machines Corporation
Daikin Industries
Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Laboratory Temperature Control Units Market is further segmented by region into:North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this ReportQualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
Provides insight into the market through Value Chain
Market dynamics scenario, along with growth opportunities of the market in the years to come
3-month post-sales analyst support.
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