According to the latest report by IMARC Group, titled “Energy Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global energy management system market. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global energy management system market size reached US$ 41.66 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 92.13 Billion by 2027, exhibiting a growth rate (CAGR) of 13.40% during 2022-2027.
An energy management system (EMS) is a system of computer-aided tools used by operators of utility grids to control, monitor and optimize the performance of the transmission or generation systems. Some common types of EMS are home, building and industrial. It contains various components, including consumption monitors, a monitoring control app, a smart panel and smart circuits.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component, type, application, end user and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Energy Management System Market
- Strategies of major players and product offerings
One of the primary factors driving the market is the extensive usage of energy management systems in residential buildings to control and monitor the energy needs and enhance the overall performance and energy efficiency of the buildings. Additionally, the escalating demand for EMS in enterprises to lower greenhouse gas emissions and reduce operational costs is propelling the market growth.
Besides this, the rising awareness amongst the masses regarding optimization and energy efficiency on account of the increasing energy consumption is another major growth-inducing factor. Moreover, the implementation of several government initiatives emphasizing sustainable energy usage and the rapid development of smart cities are also creating a positive market outlook.
| Energy Management System Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 41.66 Billion |
| Market forecast in 2027 | US$ 92.13 Billion |
| Growth Rate | CAGR of 13.40% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
Key Players Included in Global Research Report:
- C3.ai Inc.
- Delta Electronics Inc.
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- Johnson Controls International PLC
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- Yokogawa Electric Corporation.
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COVID-19 Impact on Market: (Positive Impact)
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Segmentation:
Breakup by Component:
- Hardware
- Software
- Services
Breakup by Type:
- Home Energy Management Systems
- Building Energy Management Systems
- Industrial Energy Management Systems
Breakup by Application:
- Energy Generation
- Energy Transmission
- Energy Monitoring
Breakup by End User:
- Energy and Utilities
- IT and Telecommunication
- Manufacturing
- Retail
- Healthcare
- Others
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Energy Management System Market Research Report:
- Preface
- Scope and Methodology
- Executive Summary
- Introduction
- Global Energy Management System Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
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