Energy Management Systems Market cover

Energy Management Systems Market by Verticals (Healthcare, Retail & Offices, Power & Energy, IT & Telecom, Manufacturing, and Others), Components (Controllers, Sensors, Batteries, Software, Display Devices, and Others), Products (Building Energy Management Systems, Industrial Energy Management Systems, and Home Energy Management Systems), Solutions (Demand Response Management, Carbon Energy Management, and Utility Billing & Customer Information System), End-users (Commercial and Residential), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: EP-2802
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 185
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  • Pub. Date: Upcoming
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The global energy management systems market size was valued at USD 52.6 billion in 2020 and is anticipated to register a considerable CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the benefits and rising awareness for implementing energy management system.

Energy Management Systems Market summary

Energy management systems (EMS) are automated systems that harvest energy measured data from the field and make it available to end-users with the help of online monitoring tools, graphics, and energy quality analyzers, which are facilitating energy resource management. The COVID-19 pandemic outbreak has brought a negative impact on the market. During pandemic, industries, such as coal, petroleum, and natural gas were not operational, which deflated the energy demand globally. The market is expected to recover by the end of 2021 as organizations are resuming their operations from industries and office.

Market Trends, Drivers, Restraints, and Opportunities

  • Favorable government policy for sustainable energy usage is one of the key factors driving the market growth.
  • Rising adoption of smart grids and smart meters is expected to boost the market growth in the coming years.
  • Lack of awareness for EMS across the globe present a major restraining factor. This is anticipated to hamper the market expansion during the projected timeline.
  • High implementation and usage cost is likely to hinder the market growth during the forecast period.
  • Increasing use of renewable sources of energy, such as using solar panel systems in commercial and residential areas is projected to create a significant growth opportunity for the market in the near future.

Scope of the Report

The report on the global energy management systems market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Energy Management Systems Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Verticals (Healthcare, Retail & Offices, Power & Energy, IT & Telecom, Manufacturing, and Others), Components (Controllers, Sensors, Batteries, Software, Display Devices, and Others), Products (Building Energy Management Systems, Industrial Energy Management Systems, and Home Energy Management Systems), Solutions (Demand Response Management, Carbon Energy Management, and Utility Billing & Customer Information System), and End-users (Commercial and Residential)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Daikin Industries; Johnson’s Control International; Toshiba Corp.; ABB Ltd.; IBM; Honeywell Inc.; Schneider Electric; Siemens AG; C3 Energy; General Electric Company; Emerson Process Management; Daintree Networks; Jones Sang LaSalle; Gridpoint Inc.; and Elster Group GmbH

Market Segment Insights

Power & energy segment is expected to grow at a rapid pace

Based on verticals, the global energy management systems market is divided into healthcare, retail & offices, power & energy, IT & telecom, manufacturing, and others. The power & energy segment is expected to grow at a rapid pace during the forecast period owing to increasing requirements for the monitoring of energy consumption in various sub sectors, such as chemical, oil & gas, power generation, and petrochemical complexes. However, the retail & offices segment is anticipated to hold a key share of the market in the coming years due to energy-efficiency management initiatives adopted by several enterprises.

Increasing demand for sensors to drive the segment

On the basis of components, the market is segregated into controllers, sensors, batteries, software, display devices, and others. The sensors segment is projected to expand at a considerable CAGR during the forecast period attributed to increasing demand and adoption for technological advancements in sensors. On the other hand, the software segment is anticipated to account for a major market share during the forecast period due to integration of data analytics software in existing modules.
                     

Energy Management Systems Market component

Industrial Energy Management Systems segment is anticipated to hold significant market share

In terms of products, the global energy management systems market is segmented into building energy management systems, industrial energy management systems, and home energy management systems. The industrial energy management systems segment is anticipated to hold significant market share in the coming years attributed to assessment in real-time power consumption pattern to achieve reduction in cost. However, the building energy management systems segment is expected to register a considerable CAGR during the forecast period due to increasing installation of the systems in IT establishments, hospitals, shopping malls, business parks, and other commercial places.

Automated energy data recording to drive carbon energy management segment

On the basis of solutions, the market is distributed into demand response management, carbon energy management, and utility billing & customer information system. The carbon energy management segment is expected to hold account for major market share during the projected timeline owing to services it offers, such as establish energy consumption baselines, monitor key sustainability metrics, robust data management, and automate energy data recording.

Residential segment to constitute robust market share

Based on end-users, the global energy management systems market is bifurcated into commercial and residential. The commercial segment is expected to constitute robust market share during the forecast period attributed to major deployment of EMS in the sector. On the other hand, the residential segment is expected to grow at a significant rate due to increasing power generation costs and growing need for managing and conserving energy efficiently in smart homes, societies, and residential buildings.

North America is anticipated to constitute a key market share

In terms of regions, the global energy management systems market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is expected to constitute a key share of the market during the projected period owing to established network & infrastructure and vast adoption of EMS in several verticals, such as power, manufacturing, retail, and other industries in the region. However, the Asia Pacific market is anticipated to expand at a rapid pace during the forecast period attributed to rapid industrialization, rebates, and tax incentives from various governments across the region.

Energy Management Systems Market region

Segments

Segments Covered in the Report

The global energy management systems market has been segmented on the basis of

Verticals

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

Components

  • Controllers
  • Sensors
  • Batteries
  • Software
  • Display Devices
  • Others

Products

  • Building Energy Management Systems
  • Industrial Energy Management Systems
  • Home Energy Management Systems

Solutions

  • Demand Response Management
  • Carbon Energy Management
  • Utility Billing & Customer Information System

End-users

  • Commercial
  • Residential

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Daikin Industries
  • Johnson’s Control International
  • Toshiba Corp.
  • ABB Ltd.
  • IBM
  • Honeywell Inc.
  • Schneider Electric
  • Siemens AG
  • C3 Energy
  • General Electric Company
  • Emerson Process Management
  • Daintree Networks
  • Jones Sang LaSalle
  • Gridpoint Inc.
  • Elster Group GmbH

Competitive Landscape

Key players competing in the global energy management systems market are Daikin Industries; Johnson’s Control International; Toshiba Corp.; ABB Ltd.; IBM; Honeywell Inc.; Schneider Electric; Siemens AG; C3 Energy; General Electric Company; Emerson Process Management; Daintree Networks; Jones Sang LaSalle; Gridpoint Inc.; and Elster Group GmbH. As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

Energy Management Systems Market keyplayers

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Energy Management Systems Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Energy Management Systems Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Energy Management Systems Market - Supply Chain
  4.5. Global Energy Management Systems Market Forecast
     4.5.1. Energy Management Systems Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Energy Management Systems Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Energy Management Systems Market Absolute $ Opportunity
5. Global Energy Management Systems Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Energy Management Systems Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Energy Management Systems Demand Share Forecast, 2019-2026
6. North America Energy Management Systems Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Energy Management Systems Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Energy Management Systems Demand Share Forecast, 2019-2026
7. Latin America Energy Management Systems Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Energy Management Systems Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Energy Management Systems Demand Share Forecast, 2019-2026
8. Europe Energy Management Systems Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Energy Management Systems Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Energy Management Systems Demand Share Forecast, 2019-2026
9. Asia Pacific Energy Management Systems Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Energy Management Systems Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Energy Management Systems Demand Share Forecast, 2019-2026
10. Middle East & Africa Energy Management Systems Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Energy Management Systems Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Energy Management Systems Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Energy Management Systems Market: Market Share Analysis
  11.2. Energy Management Systems Distributors and Customers
  11.3. Energy Management Systems Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Daikin Industries
     11.4.2. Johnson’s Control International
     11.4.3. Toshiba Corp.
     11.4.4. ABB Ltd.
     11.4.5. IBM
     11.4.6. Honeywell Inc.
     11.4.7. Schneider Electric

Segments Covered in the Report

The global energy management systems market has been segmented on the basis of

Verticals

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

Components

  • Controllers
  • Sensors
  • Batteries
  • Software
  • Display Devices
  • Others

Products

  • Building Energy Management Systems
  • Industrial Energy Management Systems
  • Home Energy Management Systems

Solutions

  • Demand Response Management
  • Carbon Energy Management
  • Utility Billing & Customer Information System

End-users

  • Commercial
  • Residential

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Daikin Industries
  • Johnson’s Control International
  • Toshiba Corp.
  • ABB Ltd.
  • IBM
  • Honeywell Inc.
  • Schneider Electric
  • Siemens AG
  • C3 Energy
  • General Electric Company
  • Emerson Process Management
  • Daintree Networks
  • Jones Sang LaSalle
  • Gridpoint Inc.
  • Elster Group GmbH

Key players competing in the global energy management systems market are Daikin Industries; Johnson’s Control International; Toshiba Corp.; ABB Ltd.; IBM; Honeywell Inc.; Schneider Electric; Siemens AG; C3 Energy; General Electric Company; Emerson Process Management; Daintree Networks; Jones Sang LaSalle; Gridpoint Inc.; and Elster Group GmbH. As part of their efforts to grow their client base and acquire a competitive advantage over competitors, manufacturers operating in the market are adopting various strategic initiatives such as partnerships, collaborations, mergers & acquisitions, and new product development.

Energy Management Systems Market keyplayers

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