Energy Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Energy Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028


Market Overview:

The global energy management system market size reached US$ 48.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13% during 2023-2028.

An energy management system (EMS) refers to an automation system of computer-aided tools utilized to monitor, control, and optimize the performance of the transmission or generation system. Home, building, and industrial are some of the common types of EMS. It is widely used by operators of electric utility grids to control and monitor energy-consuming devices, such as fans, pumps, heating and cooling equipment, dampers, and lighting. EMS consists of various components, such as a smart panel, consumption monitors, smart circuits, and a monitoring and control app. It assists in analyzing consumption trends, lowering carbon footprint, enhancing productivity, improving brand image, assessing and building operator’s energy consumption targets, and minimizing operational and energy costs.

Energy Management System Market Trends:
The widespread product adoption in residential buildings across the globe is creating a positive outlook for the market. Energy management systems are widely used to monitor and control the building's energy needs and aid in improving the overall energy efficiency of the establishment. Additionally, the increasing demand of EMS in enterprises and organizations to minimize operational costs and greenhouse gas emissions is favoring the market growth. Apart from this, the large-scale integration of artificial intelligence (AI) and the Internet of Things (IoT) to optimize the use of electricity, analyze the data and help in effective and sustainable energy consumption strategies based on usage patterns are providing a considerable boost to the market growth. Moreover, the rising consumer inclination toward energy efficiency and optimization due to the increasing energy consumptions across the globe are positively impacting the market growth. Other factors, including the rising development of smart cities, which, in turn, has facilitated the increasing deployment of smart meters and smart grids, along with the implementation of various government initiatives focusing on sustainable energy usage, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global energy management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, product, solution, industry vertical and end use.

Breakup by Component:

Sensors
Controllers
Software
Batteries
Display Devices
Others

Breakup by Product:

Industrial Energy Management Systems (IEMS)
Building Energy Management Systems (BEMS)
Home Energy Management Systems (HEMS)

Breakup by Solution:

Carbon Energy Management
Demand Response Management
Utility Billing and Customer Information System

Breakup by Industry Vertical:

Power & Energy
Telecom & IT
Manufacturing
Retail & Offices
Healthcare
Others

Breakup by End Use:

Residential
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being C3.ai Inc., Delta Electronics Inc., Eaton Corporation PLC, Emerson Electric Co., General Electric Company, Honeywell International Inc., Johnson Controls International PLC, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corporation and Yokogawa Electric Corporation.

Key Questions Answered in This Report:
How has the global energy management system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global energy management system market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the product?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the industry vertical?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global energy management system market and who are the key players?
What is the degree of competition in the industry?


1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Energy Management System Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Sensors
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Controllers
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Software
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Batteries
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Display Devices
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast
7 Market Breakup by Product
7.1 Industrial Energy Management Systems (IEMS)
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Building Energy Management Systems (BEMS)
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Home Energy Management Systems (HEMS)
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Solution
8.1 Carbon Energy Management
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Demand Response Management
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Utility Billing and Customer Information System
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by Industry Vertical
9.1 Power & Energy
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Telecom & IT
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Manufacturing
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Retail & Offices
9.4.1 Market Trends
9.4.2 Market Forecast
9.5 Healthcare
9.5.1 Market Trends
9.5.2 Market Forecast
9.6 Others
9.6.1 Market Trends
9.6.2 Market Forecast
10 Market Breakup by End Use
10.1 Residential
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Commercial
10.2.1 Market Trends
10.2.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 United States
11.1.1.1 Market Trends
11.1.1.2 Market Forecast
11.1.2 Canada
11.1.2.1 Market Trends
11.1.2.2 Market Forecast
11.2 Asia-Pacific
11.2.1 China
11.2.1.1 Market Trends
11.2.1.2 Market Forecast
11.2.2 Japan
11.2.2.1 Market Trends
11.2.2.2 Market Forecast
11.2.3 India
11.2.3.1 Market Trends
11.2.3.2 Market Forecast
11.2.4 South Korea
11.2.4.1 Market Trends
11.2.4.2 Market Forecast
11.2.5 Australia
11.2.5.1 Market Trends
11.2.5.2 Market Forecast
11.2.6 Indonesia
11.2.6.1 Market Trends
11.2.6.2 Market Forecast
11.2.7 Others
11.2.7.1 Market Trends
11.2.7.2 Market Forecast
11.3 Europe
11.3.1 Germany
11.3.1.1 Market Trends
11.3.1.2 Market Forecast
11.3.2 France
11.3.2.1 Market Trends
11.3.2.2 Market Forecast
11.3.3 United Kingdom
11.3.3.1 Market Trends
11.3.3.2 Market Forecast
11.3.4 Italy
11.3.4.1 Market Trends
11.3.4.2 Market Forecast
11.3.5 Spain
11.3.5.1 Market Trends
11.3.5.2 Market Forecast
11.3.6 Russia
11.3.6.1 Market Trends
11.3.6.2 Market Forecast
11.3.7 Others
11.3.7.1 Market Trends
11.3.7.2 Market Forecast
11.4 Latin America
11.4.1 Brazil
11.4.1.1 Market Trends
11.4.1.2 Market Forecast
11.4.2 Mexico
11.4.2.1 Market Trends
11.4.2.2 Market Forecast
11.4.3 Others
11.4.3.1 Market Trends
11.4.3.2 Market Forecast
11.5 Middle East and Africa
11.5.1 Market Trends
11.5.2 Market Breakup by Country
11.5.3 Market Forecast
12 SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 C3.ai Inc.
16.3.1.1 Company Overview
16.3.1.2 Product Portfolio
16.3.1.3 Financials
16.3.2 Delta Electronics Inc.
16.3.2.1 Company Overview
16.3.2.2 Product Portfolio
16.3.2.3 Financials
16.3.2.4 SWOT Analysis
16.3.3 Eaton Corporation PLC
16.3.3.1 Company Overview
16.3.3.2 Product Portfolio
16.3.3.3 Financials
16.3.3.4 SWOT Analysis
16.3.4 Emerson Electric Co.
16.3.4.1 Company Overview
16.3.4.2 Product Portfolio
16.3.4.3 Financials
16.3.4.4 SWOT Analysis
16.3.5 General Electric Company
16.3.5.1 Company Overview
16.3.5.2 Product Portfolio
16.3.5.3 Financials
16.3.5.4 SWOT Analysis
16.3.6 Honeywell International Inc.
16.3.6.1 Company Overview
16.3.6.2 Product Portfolio
16.3.6.3 Financials
16.3.7 Johnson Controls International PLC
16.3.7.1 Company Overview
16.3.7.2 Product Portfolio
16.3.7.3 Financials
16.3.7.4 SWOT Analysis
16.3.8 Rockwell Automation Inc.
16.3.8.1 Company Overview
16.3.8.2 Product Portfolio
16.3.8.3 Financials
16.3.8.4 SWOT Analysis
16.3.9 Schneider Electric SE
16.3.9.1 Company Overview
16.3.9.2 Product Portfolio
16.3.9.3 Financials
16.3.9.4 SWOT Analysis
16.3.10 Siemens AG
16.3.10.1 Company Overview
16.3.10.2 Product Portfolio
16.3.10.3 Financials
16.3.10.4 SWOT Analysis
16.3.11 Toshiba Corporation
16.3.11.1 Company Overview
16.3.11.2 Product Portfolio
16.3.11.3 Financials
16.3.11.4 SWOT Analysis
16.3.12 Yokogawa Electric Corporation
16.3.12.1 Company Overview
16.3.12.2 Product Portfolio
16.3.12.3 Financials
16.3.12.4 SWOT Analysis

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