Energy Management Systems Global Market Report 2023

“Energy Management Systems Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on energy management systems market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for energy management systems? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The energy management systems market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Home Energy Management Systems; Building Energy Management Systems; Industrial Energy Management Systems

• 2) By Component: Hardware; Software; Services

• 3) By Deployment: On-Premise; Cloud Based

• 4) By End-User: Power and Energy; Telecom and IT; Manufacturing; Residential and Commercial; Food and Beverages; Other End-Users

• Companies Mentioned: Schneider Electric SE; ABB Ltd.; Eaton Corporation Plc.; Cisco Systems Inc.; GE Digital

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the energy management systems market are Schneider Electric SE, ABB Ltd., Eaton Corporation Plc., Cisco Systems Inc., GE Digital, Emerson Electric Co., Honeywell Building Technologies, Siemens AG, IBM Corporation, Mitsubishi Electric Corporation, Elster Group GmbH, Toshiba Corporation, CA Technologies, EnerNOC Inc., and Hitachi Energy Ltd.

The global energy management systems market is expected to grow from $43.26 billion in 2022 to $49.88 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The energy management systems market is expected to grow to $87.95 billion in 2027 at a CAGR of 15.2%.

The energy management systems market consists of revenues earned by entities by providing services such as utility expense management, meter reading, billing, collection, meter system design, installation, energy procurement, central plant cost, allocation, and energy benchmarking. The market value includes the value of related goods sold by the service provider or included within the service offering. The energy management systems market also includes sales of computer servers, UI devices, map board, RTUs (remote terminal unit) and other front-end and ancillary devices, which are used in providing energy management system services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Energy management system refers to an integrated system consisting of software that can control, manage, and store energy parameters, analyze the usage, and analyze the wastage of energy to reduce costs for electricity. These are integrated with innovative technologies such as artificial intelligence and IoT to improve the effectiveness of the energy management system and make it more insightful for customers and are used for controlling and optimizing energy usage of various electronic devices such as fans, pumps and others.

North America was the largest region in the energy management systems market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the energy management systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of energy management systems are home energy management systems, building energy management systems, and industrial energy management systems. A home energy management system is a combination of hardware and software components that work together to efficiently manage energy usage to reduce energy costs in homes. The components included are hardware, software, and services employed by on-premise and cloud-based deployment models for power and energy, telecom and IT, manufacturing, residential and commercial, food and beverages, and other end-users.

The increasing usage of smart grids and smart meters is expected to propel the growth of the energy management systems market forward. A smart grid is a digital technology that supplies electricity via two-way digital communication, whereas, a smart meter is an electronic meter that measures and records energy consumption data and communicates remotely with the utility. The usage of smart meters and grids has increased in recent years owing to their effectiveness in reducing the cost to customers due to electricity. Since smart meters and grids are components of energy management systems, the increasing usage of smart meters and smart grids is driving the energy management systems market forward. For instance, according to the Institute for Electric Innovation (IEI), a US-based research institute, the total number of smart meter installations in the U.S. as of December 2020 was 107 million. As a result, the increasing usage of smart meters and smart grids are propelling the growth of the energy management systems market.

Technological advancements are a key trend gaining popularity in the energy management systems market. Major companies operating in the energy management systems market are developing innovative technologies to sustain their position in the market. For instance, in May 2021, Robert Bosch Engineering and Business Solutions (RBEI), a Germany-based IT service management company, launched the Phantom Edge platform, based on AIoT (Artificial Intelligence of things) for real-time electrical energy consumption, operating usage, electrical parameters, and appliance level information. The platform can be used for real-time energy monitoring in retail, residential, healthcare, agriculture, and commercial applications.

In May 2022, Schneider Electric, a France-based automation, and energy management company, acquired AutoGrid for an undisclosed amount. The acquisition will allow Schneider to expand in new geographies and better serve the needs of the customers. AutoGrid is a US-based AI-driven energy management company.

The countries covered in the energy management systems market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The energy management systems market research report is one of a series of new reports from The Business Research Company that provides energy management systems market statistics, including energy management systems industry global market size, regional shares, competitors with an energy management systems market share, detailed energy management systems market segments, market trends and opportunities, and any further data you may need to thrive in the energy management systems industry. This energy management systems market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.