By 2032, the Africa Energy Management System Market is projected to grow at a compound annual growth rate of 7.69. A major factor propelling the Energy Management System (EMS) market throughout Africa is the continent's energy and utilities sector's explosive growth, especially the extension of electrical networks. Effective energy management is crucial as nations work to fulfill the rising energy needs brought on by urbanization and population expansion. Modern grid development makes it possible to integrate renewable energy sources more effectively, which is crucial for improving sustainability and energy security. In order to ensure that resources are used efficiently, and waste is kept to a minimum, this transition to renewable energy sources calls for advanced EMS systems that can optimize energy distribution and consumption.
Additionally, the growth of electrical networks opens up new markets for EMS adoption by facilitating energy availability in previously underserved areas. As more homes and businesses have access to dependable electricity, the significance of cost savings and energy efficiency is becoming more widely recognized. The need for EMS solutions that assist users in tracking their energy consumption, identifying inefficiencies, and putting reduction plans into action is fueled by this understanding.
Segmentation of the Market
The market for energy management systems in Africa has been divided into two segments based on deployment: on-premises and cloud-based. With a value share of 79.36% in 2023, the On-Premises category led the Africa energy management system market and is anticipated to grow at a compound annual growth rate (CAGR) of 7.78% during the forecast period.
The market for energy management systems in Africa has been divided into three segments based on type: IEMS, BEMS, and HEMS. With a value share of 49.79% in 2023, the IEMS category led the Africa energy management system market and is anticipated to grow at a compound annual growth rate (CAGR) of 7.43% during the forecast period.
The market for energy management systems in Africa has been divided into three segments based on component types: hardware, software, and services. With a value share of 58.56% in 2023, the hardware category led the Africa energy management system market and is anticipated to grow at a compound annual growth rate (CAGR) of 7.13% during the forecast period.
The market for energy management systems in Africa has been divided into segments based on application, including manufacturing, healthcare, IT and telecom, and energy and utilities. With a value share of 46.56% in 2023, the Energy and Utilities category led the Africa energy management system market. It is anticipated to grow at a compound annual growth rate (CAGR) of 7.88% during the forecast period.
Morocco and the rest of Africa are the two regions into which the Africa energy management system market has been divided. With a value share of 93.31% in 2023, the Rest of Africa category led the Africa energy management system market and is anticipated to grow at a compound annual growth rate (CAGR) of 7.58% during the forecast period.
Key Players
General Electric, Siemens, Baker Hughes, Rockwell Automation Inc., ABB, Hitachi, Ltd., Schneider Electric SE, Honeywell International Inc., Eaton Corporation, ATOS, Atlas Clean Energy, and Génération Maroc Technologie are the major companies in the African energy management system market.
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