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PUBLISHER: IMARC | PRODUCT CODE: 1347485
PUBLISHER: IMARC | PRODUCT CODE: 1347485
Energy Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global energy management system market size reached US$ 48.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13% during 2023-2028.
An energy management system (EMS) refers to an automation system of computer-aided tools utilized to monitor, control, and optimize the performance of the transmission or generation system. Home, building, and industrial are some of the common types of EMS. It is widely used by operators of electric utility grids to control and monitor energy-consuming devices, such as fans, pumps, heating and cooling equipment, dampers, and lighting. EMS consists of various components, such as a smart panel, consumption monitors, smart circuits, and a monitoring and control app. It assists in analyzing consumption trends, lowering carbon footprint, enhancing productivity, improving brand image, assessing and building operator's energy consumption targets, and minimizing operational and energy costs.
Energy Management System Market Trends:
The widespread product adoption in residential buildings across the globe is creating a positive outlook for the market. Energy management systems are widely used to monitor and control the building's energy needs and aid in improving the overall energy efficiency of the establishment. Additionally, the increasing demand of EMS in enterprises and organizations to minimize operational costs and greenhouse gas emissions is favoring the market growth. Apart from this, the large-scale integration of artificial intelligence (AI) and the Internet of Things (IoT) to optimize the use of electricity, analyze the data and help in effective and sustainable energy consumption strategies based on usage patterns are providing a considerable boost to the market growth. Moreover, the rising consumer inclination toward energy efficiency and optimization due to the increasing energy consumptions across the globe are positively impacting the market growth. Other factors, including the rising development of smart cities, which, in turn, has facilitated the increasing deployment of smart meters and smart grids, along with the implementation of various government initiatives focusing on sustainable energy usage, are anticipated to drive the market toward growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global energy management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, product, solution, industry vertical and end use.
Breakup by Component:
Sensors
Controllers
Software
Batteries
Display Devices
Others
Breakup by Product:
Industrial Energy Management Systems (IEMS)
Building Energy Management Systems (BEMS)
Home Energy Management Systems (HEMS)
Breakup by Solution:
Carbon Energy Management
Demand Response Management
Utility Billing and Customer Information System
Breakup by Industry Vertical:
Power & Energy
Telecom & IT
Manufacturing
Retail & Offices
Healthcare
Others
Breakup by End Use:
Residential
Commercial
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
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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 and Yokogawa Electric Corporation.
Key Questions Answered in This Report:
- How has the global energy management system market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global energy management system market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the solution?
- What is the breakup of the market based on the industry vertical?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global energy management system market and who are the key players?
- What is the degree of competition in the industry?
Product Code: SR112023A5604
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Energy Management System Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Component
- 6.1 Sensors
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Controllers
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Software
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Batteries
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Display Devices
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Others
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
7 Market Breakup by Product
- 7.1 Industrial Energy Management Systems (IEMS)
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Building Energy Management Systems (BEMS)
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Home Energy Management Systems (HEMS)
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Solution
- 8.1 Carbon Energy Management
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Demand Response Management
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Utility Billing and Customer Information System
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
9 Market Breakup by Industry Vertical
- 9.1 Power & Energy
- 9.1.1 Market Trends
- 9.1.2 Market Forecast
- 9.2 Telecom & IT
- 9.2.1 Market Trends
- 9.2.2 Market Forecast
- 9.3 Manufacturing
- 9.3.1 Market Trends
- 9.3.2 Market Forecast
- 9.4 Retail & Offices
- 9.4.1 Market Trends
- 9.4.2 Market Forecast
- 9.5 Healthcare
- 9.5.1 Market Trends
- 9.5.2 Market Forecast
- 9.6 Others
- 9.6.1 Market Trends
- 9.6.2 Market Forecast
10 Market Breakup by End Use
- 10.1 Residential
- 10.1.1 Market Trends
- 10.1.2 Market Forecast
- 10.2 Commercial
- 10.2.1 Market Trends
- 10.2.2 Market Forecast
11 Market Breakup by Region
- 11.1 North America
- 11.1.1 United States
- 11.1.1.1 Market Trends
- 11.1.1.2 Market Forecast
- 11.1.2 Canada
- 11.1.2.1 Market Trends
- 11.1.2.2 Market Forecast
- 11.1.1 United States
- 11.2 Asia-Pacific
- 11.2.1 China
- 11.2.1.1 Market Trends
- 11.2.1.2 Market Forecast
- 11.2.2 Japan
- 11.2.2.1 Market Trends
- 11.2.2.2 Market Forecast
- 11.2.3 India
- 11.2.3.1 Market Trends
- 11.2.3.2 Market Forecast
- 11.2.4 South Korea
- 11.2.4.1 Market Trends
- 11.2.4.2 Market Forecast
- 11.2.5 Australia
- 11.2.5.1 Market Trends
- 11.2.5.2 Market Forecast
- 11.2.6 Indonesia
- 11.2.6.1 Market Trends
- 11.2.6.2 Market Forecast
- 11.2.7 Others
- 11.2.7.1 Market Trends
- 11.2.7.2 Market Forecast
- 11.2.1 China
- 11.3 Europe
- 11.3.1 Germany
- 11.3.1.1 Market Trends
- 11.3.1.2 Market Forecast
- 11.3.2 France
- 11.3.2.1 Market Trends
- 11.3.2.2 Market Forecast
- 11.3.3 United Kingdom
- 11.3.3.1 Market Trends
- 11.3.3.2 Market Forecast
- 11.3.4 Italy
- 11.3.4.1 Market Trends
- 11.3.4.2 Market Forecast
- 11.3.5 Spain
- 11.3.5.1 Market Trends
- 11.3.5.2 Market Forecast
- 11.3.6 Russia
- 11.3.6.1 Market Trends
- 11.3.6.2 Market Forecast
- 11.3.7 Others
- 11.3.7.1 Market Trends
- 11.3.7.2 Market Forecast
- 11.3.1 Germany
- 11.4 Latin America
- 11.4.1 Brazil
- 11.4.1.1 Market Trends
- 11.4.1.2 Market Forecast
- 11.4.2 Mexico
- 11.4.2.1 Market Trends
- 11.4.2.2 Market Forecast
- 11.4.3 Others
- 11.4.3.1 Market Trends
- 11.4.3.2 Market Forecast
- 11.4.1 Brazil
- 11.5 Middle East and Africa
- 11.5.1 Market Trends
- 11.5.2 Market Breakup by Country
- 11.5.3 Market Forecast
12 SWOT Analysis
- 12.1 Overview
- 12.2 Strengths
- 12.3 Weaknesses
- 12.4 Opportunities
- 12.5 Threats
13 Value Chain Analysis
14 Porters Five Forces Analysis
- 14.1 Overview
- 14.2 Bargaining Power of Buyers
- 14.3 Bargaining Power of Suppliers
- 14.4 Degree of Competition
- 14.5 Threat of New Entrants
- 14.6 Threat of Substitutes
15 Price Analysis
16 Competitive Landscape
- 16.1 Market Structure
- 16.2 Key Players
- 16.3 Profiles of Key Players
- 16.3.1 C3.ai Inc.
- 16.3.1.1 Company Overview
- 16.3.1.2 Product Portfolio
- 16.3.1.3 Financials
- 16.3.2 Delta Electronics Inc.
- 16.3.2.1 Company Overview
- 16.3.2.2 Product Portfolio
- 16.3.2.3 Financials
- 16.3.2.4 SWOT Analysis
- 16.3.3 Eaton Corporation PLC
- 16.3.3.1 Company Overview
- 16.3.3.2 Product Portfolio
- 16.3.3.3 Financials
- 16.3.3.4 SWOT Analysis
- 16.3.4 Emerson Electric Co.
- 16.3.4.1 Company Overview
- 16.3.4.2 Product Portfolio
- 16.3.4.3 Financials
- 16.3.4.4 SWOT Analysis
- 16.3.5 General Electric Company
- 16.3.5.1 Company Overview
- 16.3.5.2 Product Portfolio
- 16.3.5.3 Financials
- 16.3.5.4 SWOT Analysis
- 16.3.6 Honeywell International Inc.
- 16.3.6.1 Company Overview
- 16.3.6.2 Product Portfolio
- 16.3.6.3 Financials
- 16.3.7 Johnson Controls International PLC
- 16.3.7.1 Company Overview
- 16.3.7.2 Product Portfolio
- 16.3.7.3 Financials
- 16.3.7.4 SWOT Analysis
- 16.3.8 Rockwell Automation Inc.
- 16.3.8.1 Company Overview
- 16.3.8.2 Product Portfolio
- 16.3.8.3 Financials
- 16.3.8.4 SWOT Analysis
- 16.3.9 Schneider Electric SE
- 16.3.9.1 Company Overview
- 16.3.9.2 Product Portfolio
- 16.3.9.3 Financials
- 16.3.9.4 SWOT Analysis
- 16.3.10 Siemens AG
- 16.3.10.1 Company Overview
- 16.3.10.2 Product Portfolio
- 16.3.10.3 Financials
- 16.3.10.4 SWOT Analysis
- 16.3.11 Toshiba Corporation
- 16.3.11.1 Company Overview
- 16.3.11.2 Product Portfolio
- 16.3.11.3 Financials
- 16.3.11.4 SWOT Analysis
- 16.3.12 Yokogawa Electric Corporation
- 16.3.12.1 Company Overview
- 16.3.12.2 Product Portfolio
- 16.3.12.3 Financials
- 16.3.12.4 SWOT Analysis
- 16.3.1 C3.ai Inc.
Product Code: SR112023A5604
List of Figures
- Figure 1: Global: Energy Management System Market: Major Drivers and Challenges
- Figure 2: Global: Energy Management System Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Energy Management System Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Energy Management System Market: Breakup by Component (in %), 2022
- Figure 5: Global: Energy Management System Market: Breakup by Product (in %), 2022
- Figure 6: Global: Energy Management System Market: Breakup by Solution (in %), 2022
- Figure 7: Global: Energy Management System Market: Breakup by Industry Vertical (in %), 2022
- Figure 8: Global: Energy Management System Market: Breakup by End Use (in %), 2022
- Figure 9: Global: Energy Management System Market: Breakup by Region (in %), 2022
- Figure 10: Global: Energy Management System (Sensors) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 11: Global: Energy Management System (Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 12: Global: Energy Management System (Controllers) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 13: Global: Energy Management System (Controllers) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 14: Global: Energy Management System (Software) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 15: Global: Energy Management System (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 16: Global: Energy Management System (Batteries) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 17: Global: Energy Management System (Batteries) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 18: Global: Energy Management System (Display Devices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 19: Global: Energy Management System (Display Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 20: Global: Energy Management System (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 21: Global: Energy Management System (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 22: Global: Energy Management System (Industrial Energy Management Systems (IEMS)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 23: Global: Energy Management System (Industrial Energy Management Systems (IEMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 24: Global: Energy Management System (Building Energy Management Systems (BEMS)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 25: Global: Energy Management System (Building Energy Management Systems (BEMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 26: Global: Energy Management System (Home Energy Management Systems (HEMS)) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 27: Global: Energy Management System (Home Energy Management Systems (HEMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 28: Global: Energy Management System (Carbon Energy Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 29: Global: Energy Management System (Carbon Energy Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 30: Global: Energy Management System (Demand Response Management) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 31: Global: Energy Management System (Demand Response Management) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 32: Global: Energy Management System (Utility Billing and Customer Information System) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 33: Global: Energy Management System (Utility Billing and Customer Information System) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 34: Global: Energy Management System (Power & Energy) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 35: Global: Energy Management System (Power & Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 36: Global: Energy Management System (Telecom & IT) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 37: Global: Energy Management System (Telecom & IT) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 38: Global: Energy Management System (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 39: Global: Energy Management System (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 40: Global: Energy Management System (Retail & Offices) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 41: Global: Energy Management System (Retail & Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 42: Global: Energy Management System (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 43: Global: Energy Management System (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 44: Global: Energy Management System (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 45: Global: Energy Management System (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 46: Global: Energy Management System (Residential) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 47: Global: Energy Management System (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 48: Global: Energy Management System (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 49: Global: Energy Management System (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 50: North America: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 51: North America: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 52: United States: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 53: United States: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 54: Canada: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 55: Canada: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 56: Asia-Pacific: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 57: Asia-Pacific: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 58: China: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 59: China: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 60: Japan: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 61: Japan: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 62: India: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 63: India: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: South Korea: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 65: South Korea: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 66: Australia: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 67: Australia: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 68: Indonesia: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 69: Indonesia: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 70: Others: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 71: Others: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 72: Europe: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 73: Europe: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 74: Germany: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 75: Germany: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 76: France: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 77: France: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 78: United Kingdom: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 79: United Kingdom: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Italy: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 81: Italy: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 82: Spain: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 83: Spain: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 84: Russia: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 85: Russia: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 86: Others: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 87: Others: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 88: Latin America: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 89: Latin America: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 90: Brazil: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 91: Brazil: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 92: Mexico: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 93: Mexico: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 94: Others: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 95: Others: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 96: Middle East and Africa: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
- Figure 97: Middle East and Africa: Energy Management System Market: Breakup by Country (in %), 2022
- Figure 98: Middle East and Africa: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 99: Global: Energy Management System Industry: SWOT Analysis
- Figure 100: Global: Energy Management System Industry: Value Chain Analysis
- Figure 101: Global: Energy Management System Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Energy Management System Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Energy Management System Market Forecast: Breakup by Component (in Million US$), 2023-2028
- Table 3: Global: Energy Management System Market Forecast: Breakup by Product (in Million US$), 2023-2028
- Table 4: Global: Energy Management System Market Forecast: Breakup by Solution (in Million US$), 2023-2028
- Table 5: Global: Energy Management System Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
- Table 6: Global: Energy Management System Market Forecast: Breakup by End Use (in Million US$), 2023-2028
- Table 7: Global: Energy Management System Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 8: Global: Energy Management System Market: Competitive Structure
- Table 9: Global: Energy Management System Market: Key Players
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