Energy Management System Ems Market
Energy Management System (EMS) Market Forecasts to 2030 - Global Analysis By Component (Hardware, Software and Services), Solution, Deployment Mode, Application, End User and By Geography
|
Years Covered |
2022-2030 |
|
Estimated Year Value (2024) |
US $42.62 BN |
|
Projected Year Value (2030) |
US $78.57 BN |
|
CAGR (2024 - 2030) |
15.4% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
Asia Pacific |
|
Highest Growing Market |
North America |
According to Stratistics MRC, the Global Energy Management System (EMS) Market is accounted for $42.62 billion in 2024 and is expected to reach $78.57 billion by 2030 growing at a CAGR of 15.4% during the forecast period. An Energy Management System (EMS) is a centralized control system that monitors, manages, and optimizes energy usage across various sectors. It integrates data from energy-consuming systems and devices to analyze patterns, forecast demand, and adjust operations to maximize efficiency and minimize costs. By providing actionable insights and automated controls, EMS enables organizations to enhance energy conservation efforts, improve sustainability, and achieve financial savings through better energy utilization strategies.
According to a European Commission report, about 51 million smart meters for gas and 225 million smart meters for electricity will be installed by 2024, with a prospective investment of €47 Billion.
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Market Dynamics:
Driver:
Increasing integration of renewable energy sources
EMS platforms offer real-time monitoring, forecasting, and optimization of energy consumption and production, crucial for balancing supply and demand amidst renewable variability. They enable grid stability, reduce operational costs, and enhance sustainability efforts by maximizing renewable energy utilization. As organizations and utilities strive for energy efficiency and carbon reduction, EMS solutions become pivotal in adapting to the evolving energy landscape and regulatory requirements.
Restraint:
Data security concerns
Data security concerns in energy management systems (EMS) arise due to the sensitive nature of energy consumption data, potential cyber threats, and the interconnectedness of digital infrastructure. Breaches could lead to unauthorized access, data manipulation, or service disruptions, jeopardizing grid stability and user privacy. These concerns hinder market growth by eroding consumer trust, increasing regulatory scrutiny, and raising operational costs for robust cybersecurity measures.
Opportunity:
Growing awareness and concern for environmental sustainability
Businesses and organizations are increasingly adopting EMS to monitor, control, and optimize their energy usage, aiming to reduce carbon footprints and comply with regulations. EMS helps in identifying energy inefficiencies, optimizing energy consumption patterns, and integrating renewable energy sources. As sustainability goals become more crucial for stakeholders, the demand for EMS solutions continues to rise, fostering innovation and investment in technologies that promote efficient and sustainable energy management practices.
Threat:
High initial costs
High initial costs in energy management systems (EMS) stem from the need for specialized hardware, software development, and integration with existing infrastructure. These costs deter potential adopters, especially smaller businesses and organizations, from investing in EMS despite its long-term cost-saving benefits. Additionally, high initial costs increase the payback period, making it harder for stakeholders to justify the investment, thus slowing down the overall penetration and innovation within the EMS market.
Covid-19 Impact
The covid-19 pandemic has had mixed impacts on the energy management system (EMS) market. Initially, disruptions in supply chains and project delays affected implementation. However, as businesses adapted to remote work and sought operational efficiency, there was a renewed focus on EMS to optimize energy use and reduce costs. The pandemic highlighted the importance of resilient energy management strategies, driving continued interest in EMS solutions despite initial setbacks.
The carbon emission management segment is expected to be the largest during the forecast period
The carbon emission management segment is estimated to have a lucrative growth. EMS plays a crucial role in carbon emission management by optimizing energy use to minimize emissions. These systems monitor, analyze, and control energy consumption across facilities, identifying inefficiencies and suggesting improvements. By integrating with carbon accounting tools, EMS can track emissions in real-time, enabling organizations to set emissions reduction targets, comply with regulations, and enhance sustainability efforts. EMS thus supports proactive management of carbon footprints, fostering environmentally responsible practices across industries.
The manufacturing segment is expected to have the highest CAGR during the forecast period
The manufacturing segment is anticipated to witness the fastest CAGR growth during the forecast period. In manufacturing, EMS enhances operational efficiency by monitoring and optimizing energy consumption across production processes and equipment. They enable scheduling of energy-intensive tasks during off-peak hours, implement predictive maintenance to prevent energy waste, and integrate with manufacturing systems for seamless control. EMS thus support sustainable manufacturing practices by ensuring efficient resource utilization and lower operational expenses.
Region with largest share:
The energy management system (EMS) market in the Asia Pacific region is experiencing robust growth driven by increasing urbanization, industrialization, and government initiatives promoting energy efficiency. Countries like China, Japan, South Korea, and India are leading adopters due to rising energy consumption and stringent regulations on carbon emissions. Overall, the Asia Pacific EMS market is poised for significant growth as organizations prioritize sustainability and cost efficiency.
Region with highest CAGR:
The energy management system (EMS) market in North America is characterized by strong adoption driven by stringent energy efficiency regulations, widespread industrialization, and a focus on sustainability. The United States and Canada lead the market with substantial investments in smart grid technologies, renewable energy integration, and advanced EMS solutions. Increasing awareness of climate change and the need to reduce carbon footprints propel further adoption. Overall, the North American EMS market is poised for steady growth with continued innovation and regulatory support.
Key players in the market
Some of the key players profiled in the Energy Management System (EMS) Market include Schneider Electric, Siemens, ABB Limited, Honeywell Corporation, Johnson Controls International PLC, Eaton Corporation, General Electric, Mitsubishi Electric Corporation, IBM Corporation, Cisco Systems, Rockwell Automation, Emerson Electric Corporation and Oracle Corporation.
Key Developments:
In July 2023, Schneider Electric, in collaboration with Pacific Gas and Electric Company (PG&E), launched a new distributed energy resource management system (DERMS) based on the Microsoft Azure platform. This DERMS system helps to enhance the value of energy storage, electric vehicles, and solar to provide affordable energy to their customers.
In February 2023, Emerson integrated its power-sector expertise and renewable energy capabilities to deploy the Ovation Green platform. The platform aided power generation companies in meeting consumer demands for green energy transition and management.
Components Covered:
• Hardware
• Software
• Services
Solutions Covered:
• Demand Response Management System (DRMS)
• Home Energy Management System (HEMS)
• Building Energy Management System (BEMS)
• Industrial Energy Management System (IEMS)
• Utility Energy Management System (UEMS)
• Automated Demand Response (ADR) Systems
• Other Solutions
Deployment Modes Covered:
• On-premises
• Cloud-based
Applications Covered:
• Monitoring & Control
• Analytics & Reporting
• Demand Response
• Energy Efficiency Optimization
• Carbon Emission Management
• Load Management
• Other Applications
End Users Covered:
• Healthcare
• Retail
• IT & Telecom
• Education
• Government
• Manufacturing
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Energy Management System (EMS) Market, By Component
5.1 Introduction
5.2 Hardware
5.2.1 Smart Meters
5.2.2 Sensors
5.2.3 Controllers
5.3 Software
5.3.1 Energy Analytics
5.3.2 Demand Response Software
5.3.3 EMS Platforms
5.4 Services
5.4.1 Consulting
5.4.2 Implementation
5.4.3 Maintenance
6 Global Energy Management System (EMS) Market, By Solution
6.1 Introduction
6.2 Demand Response Management System (DRMS)
6.3 Home Energy Management System (HEMS)
6.4 Building Energy Management System (BEMS)
6.5 Industrial Energy Management System (IEMS)
6.6 Utility Energy Management System (UEMS)
6.7 Automated Demand Response (ADR) Systems
6.8 Other Solutions
7 Global Energy Management System (EMS) Market, By Deployment Mode
7.1 Introduction
7.2 On-premises
7.3 Cloud-based
8 Global Energy Management System (EMS) Market, By Application
8.1 Introduction
8.2 Monitoring & Control
8.3 Analytics & Reporting
8.4 Demand Response
8.5 Energy Efficiency Optimization
8.6 Carbon Emission Management
8.7 Load Management
8.8 Other Applications
9 Global Energy Management System (EMS) Market, By End User
9.1 Introduction
9.2 Healthcare
9.3 Retail
9.4 IT & Telecom
9.5 Education
9.6 Government
9.7 Manufacturing
9.8 Other End Users
10 Global Energy Management System (EMS) Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 Italy
10.3.4 France
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 Japan
10.4.2 China
10.4.3 India
10.4.4 Australia
10.4.5 New Zealand
10.4.6 South Korea
10.4.7 Rest of Asia Pacific
10.5 South America
10.5.1 Argentina
10.5.2 Brazil
10.5.3 Chile
10.5.4 Rest of South America
10.6 Middle East & Africa
10.6.1 Saudi Arabia
10.6.2 UAE
10.6.3 Qatar
10.6.4 South Africa
10.6.5 Rest of Middle East & Africa
11 Key Developments
11.1 Agreements, Partnerships, Collaborations and Joint Ventures
11.2 Acquisitions & Mergers
11.3 New Product Launch
11.4 Expansions
11.5 Other Key Strategies
12 Company Profiling
12.1 Schneider Electric
12.2 Siemens
12.3 ABB Limited
12.4 Honeywell Corporation
12.5 Johnson Controls International PLC
12.6 Eaton Corporation
12.7 General Electric
12.8 Mitsubishi Electric Corporation
12.9 IBM Corporation
12.10 Cisco Systems
12.11 Rockwell Automation
12.12 Emerson Electric Corporation
12.13 Oracle Corporation
List of Tables
1 Global Energy Management System (EMS) Market Outlook, By Region (2022-2030) ($MN)
2 Global Energy Management System (EMS) Market Outlook, By Component (2022-2030) ($MN)
3 Global Energy Management System (EMS) Market Outlook, By Hardware (2022-2030) ($MN)
4 Global Energy Management System (EMS) Market Outlook, By Smart Meters (2022-2030) ($MN)
5 Global Energy Management System (EMS) Market Outlook, By Sensors (2022-2030) ($MN)
6 Global Energy Management System (EMS) Market Outlook, By Controllers (2022-2030) ($MN)
7 Global Energy Management System (EMS) Market Outlook, By Software (2022-2030) ($MN)
8 Global Energy Management System (EMS) Market Outlook, By Energy Analytics (2022-2030) ($MN)
9 Global Energy Management System (EMS) Market Outlook, By Demand Response Software (2022-2030) ($MN)
10 Global Energy Management System (EMS) Market Outlook, By EMS Platforms (2022-2030) ($MN)
11 Global Energy Management System (EMS) Market Outlook, By Services (2022-2030) ($MN)
12 Global Energy Management System (EMS) Market Outlook, By Consulting (2022-2030) ($MN)
13 Global Energy Management System (EMS) Market Outlook, By Implementation (2022-2030) ($MN)
14 Global Energy Management System (EMS) Market Outlook, By Maintenance (2022-2030) ($MN)
15 Global Energy Management System (EMS) Market Outlook, By Solution (2022-2030) ($MN)
16 Global Energy Management System (EMS) Market Outlook, By Demand Response Management System (DRMS) (2022-2030) ($MN)
17 Global Energy Management System (EMS) Market Outlook, By Home Energy Management System (HEMS) (2022-2030) ($MN)
18 Global Energy Management System (EMS) Market Outlook, By Building Energy Management System (BEMS) (2022-2030) ($MN)
19 Global Energy Management System (EMS) Market Outlook, By Industrial Energy Management System (IEMS) (2022-2030) ($MN)
20 Global Energy Management System (EMS) Market Outlook, By Utility Energy Management System (UEMS) (2022-2030) ($MN)
21 Global Energy Management System (EMS) Market Outlook, By Automated Demand Response (ADR) Systems (2022-2030) ($MN)
22 Global Energy Management System (EMS) Market Outlook, By Other Solutions (2022-2030) ($MN)
23 Global Energy Management System (EMS) Market Outlook, By Deployment Mode (2022-2030) ($MN)
24 Global Energy Management System (EMS) Market Outlook, By On-premises (2022-2030) ($MN)
25 Global Energy Management System (EMS) Market Outlook, By Cloud-based (2022-2030) ($MN)
26 Global Energy Management System (EMS) Market Outlook, By Application (2022-2030) ($MN)
27 Global Energy Management System (EMS) Market Outlook, By Monitoring & Control (2022-2030) ($MN)
28 Global Energy Management System (EMS) Market Outlook, By Analytics & Reporting (2022-2030) ($MN)
29 Global Energy Management System (EMS) Market Outlook, By Demand Response (2022-2030) ($MN)
30 Global Energy Management System (EMS) Market Outlook, By Energy Efficiency Optimization (2022-2030) ($MN)
31 Global Energy Management System (EMS) Market Outlook, By Carbon Emission Management (2022-2030) ($MN)
32 Global Energy Management System (EMS) Market Outlook, By Load Management (2022-2030) ($MN)
33 Global Energy Management System (EMS) Market Outlook, By Other Applications (2022-2030) ($MN)
34 Global Energy Management System (EMS) Market Outlook, By End User (2022-2030) ($MN)
35 Global Energy Management System (EMS) Market Outlook, By Healthcare (2022-2030) ($MN)
36 Global Energy Management System (EMS) Market Outlook, By Retail (2022-2030) ($MN)
37 Global Energy Management System (EMS) Market Outlook, By IT & Telecom (2022-2030) ($MN)
38 Global Energy Management System (EMS) Market Outlook, By Education (2022-2030) ($MN)
39 Global Energy Management System (EMS) Market Outlook, By Government (2022-2030) ($MN)
40 Global Energy Management System (EMS) Market Outlook, By Manufacturing (2022-2030) ($MN)
41 Global Energy Management System (EMS) Market Outlook, By Other End Users (2022-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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