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Energy Management System Market, (By Product Type: Industrial, Building & Home Energy Management System. By Component: Sensors, Controllers, Software, Display Devices, Batteries. By Solution: Carbon Energy Management, Demand Response Management, Utility Billing, Customer Information System. By End-User: Residential, Commercial. By Organization: Telecom and IT, Power and Energy, Manufacturing, Retail, Healthcare Sector. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

Published Date : April 2022 | Report Id : TECIT 214 | Format : PDF,PPT | Slides : 220
Report Type : Syndicate Report

The global energy management system market was valued at $ 10.4 billion in 2021 and it is expected to reach $ 70.87 billion at a CAGR of 18.50% between 2022 and 2032. An energy management system analyzes and processes energy data so that professional energy management personnel can grasp the state of the system in real-time to ensure that the system is running properly in the best condition with reasonable adjustment.          

By region, North America is dominating the energy management system market during the forecast period.   

The requirement for reliable and efficient information technology platforms to control, optimize, monitoring of energy sources is increasing, which is expected to contribute to the growth of the market. Technologies are becoming advanced in modern days along with the commercialization of innovative products is projected to propel the investment in this energy management sector. The demand for energy management systems is rising in the industrial sector such as manufacturing, power, and energy enterprises for real-time monitoring of the energy consumption pattern are estimated to drive the market growth throughout the forecast period. Renewal source of energy such as solar panel system in commercial and homeland areas is rising in usage, which is anticipated to increase the demand for energy management solutions throughout the upcoming years. Several reliable IT platforms are increasing in numbers. These platforms are focusing on controlling and optimizing available resources to provide relevant data information to correct actions and better monitoring of energy-efficient solutions, which is one of the major factors driving the market growth across the globe. 

Energy Management System Market

Source: SAI Research

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Based on product, the industrial energy management system segment has been dominating the energy management system market over the last few years for assessing real-time power consumption patterns to reduce the overall costs. Therefore, the energy management system market has witnessed a high market penetration in industries such as the power, energy, and manufacturing sectors. The building energy management system segment is expected to grow due to the growing demand for the installation of such systems in places such as shopping malls, hospitals, business parks, and other residential and commercial places. Based on components, the global energy management system market is segmented into sensors, controllers, software, display devices, and batteries, among others. Among these, the sensors segment is dominating the market with the largest revenue share and it is expected to drive the market growth throughout the forecast period due to rising demand for these sensors which is needed in advancing the technologies.                                          

Based on the solution, the carbon energy management segment has dominated the solution category due to the rising scarcity of fossil fuels and climate change caused by greenhouse gas emissions. Therefore, these are expected to drive market growth during the upcoming periods. Based on organizations, the power, and energy segment holds the maximum share and it is expected to dominate the market during the forecast period. Based on end-user, the market is categorized into residential and commercial segments. The energy management system is more widely used in commercial sectors rather than the residential sector. The commercial sectors include several businesses, office spaces, and shopping malls across various regions, which are projected to propel the growth of the market over the upcoming years. Based on regions, the North America holds the major share of the market due to its well-established network and high adoption of energy management system solutions across various manufacturing industries. The rapid growth of the market is also anticipated to drive the Asia-Pacific and Middle Eastern regions during the upcoming years.                                                           

According to the study, key players such as Honeywell Multinational Conglomerate Company (U.S), Siemens Automation Company (Germany), C3.ai Software Company (U.S), Daikin Manufacturing Company (Japan), JLL Real Estate Company (U.K), General Electric Multinational Conglomerate Company (U.S), Emerson Electric Manufacturing Company (U.S), American Industrial Partners (U.S), Twenty First Century Utilities, LLC (U.S), Cisco Networking Hardware Company (U.S), Sharp Corporation (Japan), Panasonic Industrial Conglomerate Company (Japan), Intel Semiconductor Company (U.S), IBM Technology Company (U.S), Broadcom Inc Semiconductor Manufacturing Company (U.S), Eaton Corporation Company (Ireland), Azbil Corporation (Japan), Johnson Controls HVAC Company (Ireland), Comcast Telecommunication Company (U.S), Rockwell Automation Company (U.S), Delta Electronics Company (Taiwan), Dexma Energy Management Company (Spain), Elconn Energy Systems Company (India), Atandra Energy Private Limited (India), Yokogawa Electric Information Technology Company (Japan), among others are leading the global energy management system market.                        

Scope of the Report:

Report Coverage

Details

Base Year:

2021

Market Size in 2021:

US$ 10.4 Billion

Historical Data for:

2019, 2020 and 2021

Forecast Period:

2022 to 2032

Forecast Period 2022 to 2032 CAGR:

18.50%

2032 Value Projection:

US$ 70.87 Billion

Segments covered:

By Product Type:  Industrial Energy Management System, Building Energy Management System, Home Energy Management System

By Component: Sensors, Controllers, Software, Display Devices, Batteries And Others

By Solution: Carbon Energy Management, Demand Response Management, Utility Billing, Customer Information System

By End-User: Residential, Commercial

By Organization: Telecom and IT, Power and Energy, Manufacturing, Retail, Healthcare Sector

Geographies covered:

North America - U.S, Canada, Mexico

Europe - Germany, France, Italy, U.K, Russia, Rest of Europe Countries

Asia-Pacific -India, China, Japan, South Korea, North Korea, Rest of Asian Countries

LAMEA - Brazil, Saudi Arabia, Rest of LAMEA

Companies covered:

Honeywell Multinational Conglomerate Company (U.S), Siemens Automation Company (Germany), C3.ai Software Company (U.S), Daikin Manufacturing Company (Japan), JLL Real Estate Company (U.K), General Electric Multinational Conglomerate Company (U.S), Emerson Electric Manufacturing Company (U.S), American Industrial Partners (U.S), Twenty First Century Utilities, LLC (U.S), Cisco Networking Hardware Company (U.S), Sharp Corporation (Japan), Panasonic Industrial Conglomerate Company (Japan), Intel Semiconductor Company (U.S), IBM Technology Company (U.S), Broadcom Inc Semiconductor Manufacturing Company (U.S), Eaton Corporation Company (Ireland), Azbil Corporation (Japan), Johnson Controls HVAC Company (Ireland), Comcast Telecommunication Company (U.S), Rockwell Automation Company (U.S), Delta Electronics Company (Taiwan), Dexma Energy Management Company (Spain), Elconn Energy Systems Company (India), Atandra Energy Private Limited (India), Yokogawa Electric Information Technology Company (Japan), among others

The Global Energy Management System Market Has Been Segmented Into:

The Global Energy Management System Market – by Product Type: 

  • Industrial Energy Management System
  • Building Energy Management System
  • Home Energy Management System

The Global Energy Management System Market – by Component:

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

The Global Energy Management System Market – by Solution:

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

The Global Energy Management System Market – by End-User:

  • Residential
  • Commercial

The Global Energy Management System Market – by Organization:

  • Telecom and IT
  • Power and Energy
  • Manufacturing
  • Retail
  • Healthcare Sector

The Global Energy Management System Market – by Regions:     

North America 

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAME
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