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US Energy Management Systems Market Size, & Growth [2031]

U.S. Energy Management Systems Market

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Segments - by Components (Controllers, Sensors, Battery, Software, and Display Devices), Products (BEMS, IEMS, and HEMS), Verticals (Telecom & IT, Power & Energy, Retail & Offices, Manufacturing, and Healthcare), End-users (Commercial and Residential), and Country - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

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Aamir Ansari

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Report Description

The U.S. energy management systems market size was valued at USD 8.37 billion in 2020 and is expected to expand at a considerable CAGR during the forecast period, 2021–2028. The growth of the market is attributed to rising demand for dependable and efficient information technology platforms for controlling, optimizing, and monitoring energy sources.

Energy management systems (EMS) are advanced technologies that collect and distribute energy measurement data from the field using visuals, online monitoring tools, and energy quality analyzers that facilitate easy and effective management of energy resources. Moreover, the wide use of real-time monitoring of energy-consuming equipment such as HVAC is now possible thanks to integration with cloud-based systems and high automation levels. Government program such as Energy Star, run by the US Environmental Protection Agency, provide a wealth of resources and tools to help businesses align their energy performance in their operations and buildings, hence supporting EMS implementation.

COVID-19 pandemic hampered the global industrial activity as well as affected the lives of every single person and society. In order to prevent the spread of the virus, a large portion of the world's population has been placed under a statewide quarantine and lockdown. The shutdown of large factories and industrial plants has resulted in a significant reduction in energy and electricity demand. As a result, the pandemic had adverse impact on the growth of the energy management market.

Market Trends, Drivers, Restraints, and Opportunities

Technological breakthroughs and increasing commercialization of innovative products are key factors drive the market.
Rising EMS demand in the industrial sector for analyzing and real-time monitoring of energy consumption patterns is expected to boost the market in the coming years.
Concerns about decreasing carbon footprints and repurposing waste heat in facilities are projected to increase demand for cost-effective and high-efficiency EMS modules.
Hidden expenditures and longer payback time are major challenges that can hinder the market expansion.
Increasing R&D spending in order to commercialize highly efficient products in the United States is expected to provide lucrative opportunities for the market participants.

Scope of the Report

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

Attributes	Details
Report Title	Energy Management Systems Market - U.S. Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Components (Controllers, Sensors, Battery, Software, and Display Devices), Products (BEMS, IEMS, and HEMS), Verticals (Telecom & IT, Power & Energy, Retail & Offices, Manufacturing, and Healthcare), and End-users (Commercial and Residential)
Country	The U.S.
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Honeywell; Siemens AG; GE; Honeywell; and Schneider Electric

Market Segment Insights

Sensors segment to expand at a considerable CAGR

On the basis of components, the U.S. energy management systems market is segmented into controllers, sensors, battery, software, and display devices. The sensors segment is projected to expand at a considerable CAGR during the forecast period due to technological advancements and real-time data tracking with improved sensor efficiency. On the other hand, the software segment is anticipated to account for a major market share during the forecast period as infrastructure improvements of energy is widely prevailed in the United States. Moreover, advancement of collaborative technology for merging all other components into a single remote-controlled system presents another key driver of the segment.

IEMS segment to hold a significant share of the market

In terms of products, the market is divided into BEMS, IEMS, and HEMS. The IEMS segment is expected to hold significant share of the market ascribed to the growing popularity of contemporary technologies such as cloud computing and big data for improved storage and analytics. Some of these development are attracting the attention of American businesses to IEMS. However, the HEMS segment is projected to account for a large market share owing to high energy consumption and growing concern about overall energy waste.

Power & energy segment to grow at a high rate during the forecast period

Based on verticals, the U.S. energy management systems market is segregated into telecom & IT, power & energy, retail & offices, manufacturing, and healthcare. The power & energy segment is expected to grow at a high rate during the projected period attributed to its wide establishment of complex infrastructure and smart grid technology. The U.S is a global leader in energy production and supply as well as one of the world's major energy users. Moreover, the telecom & IT segment is expected to be a fast-growing segment during the forecast period. In the near future, continuous innovation, particularly focused on non-traditional business models such as Internet of Things (IOT) applications and expanding communication technologies, is expected to boost product demand.

Commercial segment to dominate the market

On the basis of end-users, the market is bifurcated into commercial and residential. The commercial segment is likely to dominate the market during the projected timeline due to rising concerns about lowering operating costs and optimizing power use in both large and small businesses. The residential segment, however, is expected to grow rapidly in the coming years due to growing demand to optimize energy utilization in residential areas.

Segments

The U.S. energy management systems market has been segmented on the basis of

Components

Controllers
Sensors
Battery
Software
Display Devices

Products

BEMS
IEMS
HEMS

Verticals

Telecom & IT
Power & Energy
Retail & Offices
Manufacturing
Healthcare

End-Users

Commercial
Residential

Country

The U.S.

Key Players

Honeywell
Siemens AG
GE
Schneider Electric

Competitive Landscape

Key players competing in the U.S. energy management systems market are Honeywell; Siemens AG; GE; Honeywell; and Schneider Electric. These businesses combine energy management solutions for a variety of purposes. New product launches, acquisitions, and collaborations are all key strategic activities performed by major players. A wide number of local firms offer energy management systems, components, software, and services in the global market.

Table Of Content

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 (000â€™ 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 End Users
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by End Users
     5.2.2. Y-o-Y Growth Projections by End Users
  5.3. Energy Management Systems Market Size and Volume Forecast by End Users
     5.3.1. Commercial
     5.3.2. Residential
  5.4. Absolute $ Opportunity Assessment by End Users
  5.5. Market Attractiveness/Growth Potential Analysis by End Users
6. Global Energy Management Systems Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Energy Management Systems Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Energy Management Systems Demand Share Forecast, 2019-2026
7. North 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
  7.2. North America Energy Management Systems Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Energy Management Systems Market Size and Volume Forecast by End Users
     7.4.1. Commercial
     7.4.2. Residential
  7.5. Basis Point Share (BPS) Analysis by End Users
  7.6. Y-o-Y Growth Projections by End Users
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Energy Management Systems Demand Share Forecast, 2019-2026
8. Latin America 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. Latin America Average Pricing Analysis
  8.2. Latin America Energy Management Systems Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Energy Management Systems Market Size and Volume Forecast by End Users
     8.4.1. Commercial
     8.4.2. Residential
  8.5. Basis Point Share (BPS) Analysis by End Users
  8.6. Y-o-Y Growth Projections by End Users
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Energy Management Systems Demand Share Forecast, 2019-2026
9. Europe 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. Europe Average Pricing Analysis
  9.2. Europe Energy Management Systems Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Energy Management Systems Market Size and Volume Forecast by End Users
     9.4.1. Commercial
     9.4.2. Residential
  9.5. Basis Point Share (BPS) Analysis by End Users
  9.6. Y-o-Y Growth Projections by End Users
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Energy Management Systems Demand Share Forecast, 2019-2026
10. Asia Pacific 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. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Energy Management Systems Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Energy Management Systems Market Size and Volume Forecast by End Users
     10.4.1. Commercial
     10.4.2. Residential
  10.5. Basis Point Share (BPS) Analysis by End Users
  10.6. Y-o-Y Growth Projections by End Users
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Energy Management Systems Demand Share Forecast, 2019-2026
11. Middle East & Africa Energy Management Systems Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Energy Management Systems Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Energy Management Systems Market Size and Volume Forecast by End Users
     11.4.1. Commercial
     11.4.2. Residential
  11.5. Basis Point Share (BPS) Analysis by End Users
  11.6. Y-o-Y Growth Projections by End Users
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Energy Management Systems Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Energy Management Systems Market: Market Share Analysis
  12.2. Energy Management Systems Distributors and Customers
  12.3. Energy Management Systems Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Honeywell
     12.4.2. Siemens AG
     12.4.3. GE
     12.4.4. Schneider Electric

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