Energy Management System (EMS) - Global Market Outlook (2020-2028)

 According to Stratistics MRC, the Global Energy Management System (EMS) Market is accounted for $64.55 billion in 2020 and is expected to reach $292.73 billion by 2028 growing at a CAGR of 20.8% during the forecast period. The growing inclination towards efficient energy management and increasing awareness about carbon footprint management are the factors driving the market growth. However, the high manufacturing cost of image sensors is the factor hampering the growth of the market.

The energy management system is a combination of computer-aided tools, which consists of software and hardware control systems designed to monitor or manage energy consumption and usage in buildings. Its main aim to optimize the whole energy consumption process in buildings, reduce utility costs and improve the utilization of the electrical system and. It includes power, security systems, and fire.

Based on the component, the software segment is going to have lucrative growth during the forecast period due to the increasing adoption of cloud-based software to increase significant benefits such as scalability, robustness, low cost, user-friendly access, and granular level analysis of energy consumption. By geography, North America is going to have high growth during the forecast period, owing to a well-established infrastructure network and widespread adoption of EMS across verticals such as manufacturing, retail, power, and other industries.

Some of the key players profiled in the Energy Management System (EMS) Market include Actis Technologies Pvt. Ltd, Azbil Corporation, Cisco System Inc , Enel X, Honeywell International Inc, IBM Corporation, Intel Corporation, Mitsubishi Electric Corporation, Mitsubishi Hitachi Power Systems, Ltd., Rockwell Automation Inc, SAP SE, Tata Consultancy Services Ltd, Tendril Networks Inc, and Yokogawa Electric Corporation.
 
Types Covered:
• AC Control Energy Management System (EMS)    
• Building Energy Management System (BMS)     
• Cluster Energy Management System    
• Factory Energy Manament System    
• Heat Control Energy Management System    
• Power Control Energy Management System    
• Retail Energy Management System    
• Ventilation Control Energy Management System    

Devices Covered:
• In-House Display (IHD) 
• Load Control (LC) Switches 
• Smart Plugs 
• Smart Thermostats     

Deployments Covered:
• Cloud Based
• On-Premises  
    
Solutions Covered:
• Carbon Energy Management
• Demand Response (DR) Management
• Utility Billing and Customer Information System (CIS) 

Components Covered:
• Software
• Hardware
• Services
        
Applications Covered:
• Energy Generation
• Energy Transmission
• Energy Monitoring

End Users Covered:
• Automotive
• Building Automation
• Energy, Power & Utilities
• Enterprise
• Healthcare
• Manufacturing
• Municipal, University, Schools and Hospital (MUSH)
• Office and Commercial Buildings
• Oil & Gas
• Pharmaceutical
• Public Places
• Residential
• Telecom & Information Technology (IT)
• 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 2019, 2020, 2021, 2025 and 2028
- 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