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Energy Management System Market

Energy Management System Market Forecasts to 2028 – Global Analysis By Deployment (On-Premises, Cloud Based), Component (Hardware, Software, Services), Application (Energy Monitoring, Energy Generation) and By Geography

4.3 (68 reviews)
Published: August 2022 ID: SMRC21794
4.3 (68 reviews)
Published: August 2022 ID: SMRC21794

This report covers the impact of COVID-19 on this global market
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According to Stratistics MRC, the Global Energy Management System Market is accounted for $92.71 billion in 2022 and is expected to reach $288.10 billion by 2028 growing at a CAGR of 20.8% during the forecast period. Energy management systems (EMS) are one of the emerging technologies that enable an organization to collect real-time information on the energy use through monitoring, assessing, and visualizing energy consumption. It is gaining popularity since they help gain competitive advantage, increase productivity, and reduce energy cost. In addition, the government policies toward energy conservation and the limited availability of fossils is drawing attention of the market players.

The industrial sector is the most valuable within the global energy management systems market. In 2020, this sector had a market value of an estimated 4.43 billion U.S. dollars. It is estimated that home energy management IoT will have an economic value of between 80 and 150 billion U.S. dollars by 2025, and is expected to grow to between 130 and 230 billion U.S. dollars by 2030.

Market Dynamics:

Driver:

Existence of various industry guidelines

All the resource-intensive industries utilize significant amount of raw materials, water and energy resources, thus leading to a large amount of solid waste, effluents, and emissions. These industries are often subject to numerous global and local regulations, along with several plant level geography compliance. In order to comply with these stringent regulations, enterprises are adopting energy management solutions  and are employing various methodologies, such as product lifecycle assessments, carbon & energy footprint analysis, and devising processes to ensure a sustainable and eco-friendly supply chain, to cater to these requirements. With environmental and energy sustainability becoming a global concern, there is an upsurge in the number of investors, customers, and suppliers who consider energy management system  as a key factor in taking decisions about their relationship with manufacturers.

Restraint:

Large initial investments

Energy management systems have a high initial cost of deployment. There is the lack of financial resources as well. These may have a negative impact on the energy management system market during the forecast period.

Opportunity:

Ongoing technological advancements

Continuing technological advancements and favorable incentive programs aimed at driving energy efficiency is set to complement the market outlook. Moreover, growing adoption of smart energy units impelled by availability of economic system pricing will strengthen the product deployment.

Threat:

Structuring of initial data gathered

The initial step towards energy management is the data gathering. This gathered data needs to be structured so as to obtain useful conclusion from it. But the structuring of large amount of data is a great challenge to professionals and hence it is a major threat for the growth of the market.

Covid-19 Impact

COVID-19 has negatively impacted the market growth in the year 2020. Industrial and commercial building energy demand has declined significantly in many countries, accompanied by an increase in residential energy demand. Restricting social distancing has resulted in a sharp drop in the utilization of commercial buildings. However, in 2021, the stabilization of the global economy and the clearance of the roadblocks in industrial manufacturing has resulted in tremendous growth in the EMS market.

The building energy management system (BMS) segment is expected to be the largest during the forecast period

Rising preference toward implementation of energy efficient systems primarily across commercial establishments is forecast to augment the segment growth. Furthermore, increasing focus pertaining to monitoring & analyzing real time energy consumption, load fluctuations and equipment performance is enhancing the system deployment. Ability of these units to significantly reduce the operating costs and ongoing refurbishment activities for building smart establishments is estimated to enhance the market statistics.
 
The services segment is expected to have the highest CAGR during the forecast period

The increasing adoption of energy management solutions across different market verticals has also fueled the market penetration in the recent years. Rising consciousness towards energy efficiency among residential users is expected to witness attractive growth rate and subsequently provide profitable expansion opportunities for the market players in EMS based services. In addition, the increasing demand of energy efficient solutions in end-user such as enterprise, office spaces, and commercial sites to minimize their daily operational costs through effective energy consumption is also projected to propel the market growth of the building EMS services in the forecast period.

Region with largest share:

North America is projected to hold the largest market share owing to the introduction of energy codes, Minimum Energy Performance Standards (MEPS) and execution of government’s aim to achieve energy intensity targets. In the coming years, the office and commercial buildings segment is expected to witness huge growth in the Energy Management System market due to increasing worldwide demand for energy optimization and carbon management. The customer value proposition includes energy cost savings, wide range of products and services, superior customer service, and global deployment.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR due to the government’s initiative towards improving the manufacturing capabilities through application of smart solutions, rapid urbanization and fast growing industrial segment.

Key players in the market

Some of the key players profiled in the Energy Management System Market include ABB Group, Schneider Electric SE, Siemens AG, Honeywell International Inc., Toshiba Corp., General Electric, Daikin Industries Ltd, Johnson Controls, Inc, International Business Machines Corporation, Emerson Process Management, Elster Group GmbH, Jones Lang LaSalle, GridPoint, Inc, C3 Energy, and Daintree Networks.

Key developments:

In August 2021: Daikin has partnered with Japanese utility company Kansai Electric Power Co to test an energy management system utilising an air conditioning control system and solar power generation.

In June 2021: Honeywell announced its Battery Energy Storage System (BESS) Platform, which integrates Honeywell asset monitoring, distributed energy resource management, supervisory control and analytics functionality to enable organizations to accurately forecast and optimize their overall energy use.

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

Types Covered:
• Factory Energy Manament System
• AC Control Energy Management System (EMS)
• Power Control Energy Management System
• Cluster Energy Management System
• Retail Energy Management System
• Building Energy Management System (BMS)
• Ventilation Control Energy Management System
• Heat Control Energy Management System

Solutions Covered:
• Demand Response (DR) Management
• Carbon Energy Management
• Utility Billing and Customer Information System (CIS)

Deployments Covered:
• On-Premises
• Cloud Based

Components Covered:
• Hardware
• Software
• Services

Applications Covered:
• Energy Monitoring
• Energy Generation
• Energy Transmission

End Users Covered:
• Residential
• Healthcare & Pharmaceutical
• Building Automation
• Energy, Power & Utilities
• Automotive
• Manufacturing
• Telecom & Information Technology (IT)
• Oil & Gas
• Office and Commercial Buildings
• Municipal, University, Schools and Hospital (MUSH)
• Enterprise
• Public Places
• 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 2020, 2021, 2022, 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

 

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 Market, By Device  
 5.1 Introduction     
 5.2 Load Control (LC) Switches    
 5.3 In-House Display (IHD)    
 5.4 Smart Thermostats     
 5.5 Smart Plugs     
        
6 Global Energy Management System Market, By Type  
 6.1 Introduction     
 6.2 Factory Energy Manament System   
 6.3 AC Control Energy Management System (EMS)  
 6.4 Power Control Energy Management System  
 6.5 Cluster Energy Management System   
 6.6 Retail Energy Management System   
 6.7 Building Energy Management System (BMS)  
 6.8 Ventilation Control Energy Management System  
 6.9 Heat Control Energy Management System   
        
7 Global Energy Management System Market, By Solution  
 7.1 Introduction     
 7.2 Demand Response (DR) Management   
 7.3 Carbon Energy Management    
 7.4 Utility Billing and Customer Information System (CIS)  
        
8 Global Energy Management System Market, By Deployment  
 8.1 Introduction     
 8.2 On-Premises     
 8.3 Cloud Based     
        
9 Global Energy Management System Market, By Component  
 9.1 Introduction     
 9.2 Hardware      
  9.2.1 Control System    
  9.2.2 Communication Networks   
  9.2.3 Sensor     
  9.2.4 Display Device    
  9.2.5 Batteries     
  9.2.6 Networking Device    
  9.2.7 Field Equipment    
  9.2.8 Controller    
  9.2.9 Metering     
 9.3 Software      
  9.3.1 Utility Energy Management System (EMS)  
  9.3.2 Residential/Home Energy Management System (EMS) 
  9.3.3 Enterprise Energy Carbon and Energy Management 
  9.3.4 Industrial Energy Management System (EMS) 
  9.3.5 Other Softwares    
   9.3.5.1 Energy Trading & Risk Management 
   9.3.5.2 Energy Modeling   
   9.3.5.3 Information and Communication Technology (ICT) Power Management
 9.4 Services      
  9.4.1 Consulting & Training   
  9.4.2 Program Services    
  9.4.3 Implementation & Integration   
  9.4.4 Monitoring & Control   
  9.4.5 Installation    
  9.4.6 Technical Services    
  9.4.7 Analysis Services    
  9.4.8 Maintenance    
        
10 Global Energy Management System Market, By Application  
 10.1 Introduction     
 10.2 Energy Monitoring     
 10.3 Energy Generation     
 10.4 Energy Transmission     
        
11 Global Energy Management System Market, By End User  
 11.1 Introduction     
 11.2 Residential     
 11.3 Healthcare & Pharmaceutical    
 11.4 Building Automation     
 11.5 Energy, Power & Utilities    
 11.6 Automotive     
 11.7 Manufacturing     
 11.8 Telecom & Information Technology (IT)   
 11.9 Oil & Gas      
 11.10 Office and Commercial Buildings   
 11.11 Municipal, University, Schools and Hospital (MUSH)  
 11.12 Enterprise     
 11.13 Public Places     
 11.14 Other End Users     
  11.14.1 Government    
  11.14.2 Food & Beverages    
  11.14.3 Retail     
  11.14.4 Education     
        
12 Global Energy Management System Market, By Geography  
 12.1 Introduction     
 12.2 North America     
  12.2.1 US     
  12.2.2 Canada     
  12.2.3 Mexico     
 12.3 Europe      
  12.3.1 Germany     
  12.3.2 UK     
  12.3.3 Italy     
  12.3.4 France     
  12.3.5 Spain     
  12.3.6 Rest of Europe    
 12.4 Asia Pacific     
  12.4.1 Japan     
  12.4.2 China     
  12.4.3 India     
  12.4.4 Australia     
  12.4.5 New Zealand    
  12.4.6 South Korea    
  12.4.7 Rest of Asia Pacific    
 12.5 South America     
  12.5.1 Argentina     
  12.5.2 Brazil     
  12.5.3 Chile     
  12.5.4 Rest of South America   
 12.6 Middle East & Africa     
  12.6.1 Saudi Arabia    
  12.6.2 UAE     
  12.6.3 Qatar     
  12.6.4 South Africa    
  12.6.5 Rest of Middle East & Africa   
        
13 Key Developments      
 13.1 Agreements, Partnerships, Collaborations and Joint Ventures 
 13.2 Acquisitions & Mergers    
 13.3 New Product Launch     
 13.4 Expansions     
 13.5 Other Key Strategies     
        
14 Company Profiling      
 14.1 ABB Group     
 14.2 Schneider Electric SE     
 14.3 Siemens AG     
 14.4 Honeywell International Inc.    
 14.5 Toshiba Corp.     
 14.6 General Electric     
 14.7 Daikin Industries Ltd     
 14.8 Johnson Controls, Inc    
 14.9 International Business Machines Corporation  
 14.10 Emerson Process Management    
 14.11 Elster Group GmbH     
 14.12 Jones Lang LaSalle     
 14.13 GridPoint, Inc     
 14.14 C3 Energy      
 14.15 Daintree Networks     
        
List of Tables       
1 Global Energy Management System Market Outlook, By Region (2020-2028) ($MN)
2 Global Energy Management System Market Outlook, By Device (2020-2028) ($MN)
3 Global Energy Management System Market Outlook, By Load Control (LC) Switches (2020-2028) ($MN)
4 Global Energy Management System Market Outlook, By In-House Display (IHD) (2020-2028) ($MN)
5 Global Energy Management System Market Outlook, By Smart Thermostats (2020-2028) ($MN)
6 Global Energy Management System Market Outlook, By Smart Plugs (2020-2028) ($MN)
7 Global Energy Management System Market Outlook, By Type (2020-2028) ($MN)
8 Global Energy Management System Market Outlook, By Factory Energy Manament System (2020-2028) ($MN)
9 Global Energy Management System Market Outlook, By AC Control Energy Management System (EMS) (2020-2028) ($MN)
10 Global Energy Management System Market Outlook, By Power Control Energy Management System (2020-2028) ($MN)
11 Global Energy Management System Market Outlook, By Cluster Energy Management System (2020-2028) ($MN)
12 Global Energy Management System Market Outlook, By Retail Energy Management System (2020-2028) ($MN)
13 Global Energy Management System Market Outlook, By Building Energy Management System (BMS) (2020-2028) ($MN)
14 Global Energy Management System Market Outlook, By Ventilation Control Energy Management System (2020-2028) ($MN)
15 Global Energy Management System Market Outlook, By Heat Control Energy Management System (2020-2028) ($MN)
16 Global Energy Management System Market Outlook, By Solution (2020-2028) ($MN)
17 Global Energy Management System Market Outlook, By Demand Response (DR) Management (2020-2028) ($MN)
18 Global Energy Management System Market Outlook, By Carbon Energy Management (2020-2028) ($MN)
19 Global Energy Management System Market Outlook, By Utility Billing and Customer Information System (CIS) (2020-2028) ($MN)
20 Global Energy Management System Market Outlook, By Deployment (2020-2028) ($MN)
21 Global Energy Management System Market Outlook, By On-Premises (2020-2028) ($MN)
22 Global Energy Management System Market Outlook, By Cloud Based (2020-2028) ($MN)
23 Global Energy Management System Market Outlook, By Component (2020-2028) ($MN)
24 Global Energy Management System Market Outlook, By Hardware (2020-2028) ($MN)
25 Global Energy Management System Market Outlook, By Control System (2020-2028) ($MN)
26 Global Energy Management System Market Outlook, By Communication Networks (2020-2028) ($MN)
27 Global Energy Management System Market Outlook, By Sensor (2020-2028) ($MN)
28 Global Energy Management System Market Outlook, By Display Device (2020-2028) ($MN)
29 Global Energy Management System Market Outlook, By Batteries (2020-2028) ($MN)
30 Global Energy Management System Market Outlook, By Networking Device (2020-2028) ($MN)
31 Global Energy Management System Market Outlook, By Field Equipment (2020-2028) ($MN)
32 Global Energy Management System Market Outlook, By Controller (2020-2028) ($MN)
33 Global Energy Management System Market Outlook, By Metering (2020-2028) ($MN)
34 Global Energy Management System Market Outlook, By Software (2020-2028) ($MN)
35 Global Energy Management System Market Outlook, By Utility Energy Management System (EMS) (2020-2028) ($MN)
36 Global Energy Management System Market Outlook, By Residential/Home Energy Management System (EMS) (2020-2028) ($MN)
37 Global Energy Management System Market Outlook, By Enterprise Energy Carbon and Energy Management (2020-2028) ($MN)
38 Global Energy Management System Market Outlook, By Industrial Energy Management System (EMS) (2020-2028) ($MN)
39 Global Energy Management System Market Outlook, By Other Softwares (2020-2028) ($MN)
40 Global Energy Management System Market Outlook, By Services (2020-2028) ($MN)
41 Global Energy Management System Market Outlook, By Consulting & Training (2020-2028) ($MN)
42 Global Energy Management System Market Outlook, By Program Services (2020-2028) ($MN)
43 Global Energy Management System Market Outlook, By Implementation & Integration (2020-2028) ($MN)
44 Global Energy Management System Market Outlook, By Monitoring & Control (2020-2028) ($MN)
45 Global Energy Management System Market Outlook, By Installation (2020-2028) ($MN)
46 Global Energy Management System Market Outlook, By Technical Services (2020-2028) ($MN)
47 Global Energy Management System Market Outlook, By Analysis Services (2020-2028) ($MN)
48 Global Energy Management System Market Outlook, By Maintenance (2020-2028) ($MN)
49 Global Energy Management System Market Outlook, By Application (2020-2028) ($MN)
50 Global Energy Management System Market Outlook, By Energy Monitoring (2020-2028) ($MN)
51 Global Energy Management System Market Outlook, By Energy Generation (2020-2028) ($MN)
52 Global Energy Management System Market Outlook, By Energy Transmission (2020-2028) ($MN)
53 Global Energy Management System Market Outlook, By End User (2020-2028) ($MN)
54 Global Energy Management System Market Outlook, By Residential (2020-2028) ($MN)
55 Global Energy Management System Market Outlook, By Healthcare & Pharmaceutical (2020-2028) ($MN)
56 Global Energy Management System Market Outlook, By Building Automation (2020-2028) ($MN)
57 Global Energy Management System Market Outlook, By Energy, Power & Utilities (2020-2028) ($MN)
58 Global Energy Management System Market Outlook, By Automotive (2020-2028) ($MN)
59 Global Energy Management System Market Outlook, By Manufacturing (2020-2028) ($MN)
60 Global Energy Management System Market Outlook, By Telecom & Information Technology (IT) (2020-2028) ($MN)
61 Global Energy Management System Market Outlook, By Oil & Gas (2020-2028) ($MN)
62 Global Energy Management System Market Outlook, By Office and Commercial Buildings (2020-2028) ($MN)
63 Global Energy Management System Market Outlook, By Municipal, University, Schools and Hospital (MUSH) (2020-2028) ($MN)
64 Global Energy Management System Market Outlook, By Enterprise (2020-2028) ($MN)
65 Global Energy Management System Market Outlook, By Public Places (2020-2028) ($MN)
66 Global Energy Management System Market Outlook, By Other End Users (2020-2028) ($MN)
67 Global Energy Management System Market Outlook, By Government (2020-2028) ($MN)
68 Global Energy Management System Market Outlook, By Food & Beverages (2020-2028) ($MN)
69 Global Energy Management System Market Outlook, By Retail (2020-2028) ($MN)
70 Global Energy Management System Market Outlook, By Education (2020-2028) ($MN)
        
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

 

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