An energy management system (EMS) is a software- and hardware-based platform that monitors, controls, and optimizes the generation, distribution, and consumption of energy within a facility, organization, or grid. EMS integrates data from energy meters, sensors, and control systems to provide real-time insights, automate processes, and support strategic energy decision-making. The primary purpose of an EMS is to improve energy efficiency, reduce costs, and minimize environmental impact. It enables businesses and utilities to optimize resource use, comply with sustainability goals, and enhance operational reliability while contributing to lower carbon emissions and long-term energy savings.
The global energy management systems market reached a value of nearly $57,532.77 million in 2024, having grown at a compound annual growth rate (CAGR) of 15.68% since 2019. The market is expected to grow from $57,532.77 million in 2024 to $115,659.66 million in 2029 at a rate of 14.99%. The market is then expected to grow at a CAGR of 14.67% from 2029 and reach $229,357.43 million in 2034.
Increasing Electricity Demand
During the historic period, the energy management systems (EMS) market was mainly driven by increasing electricity demand. The rapid rise in power consumption was fueled by factors such as industrial expansion, electrification of transport and heating, greater use of air conditioning during extreme weather, and the growing number of data centers worldwide. For instance, in March 2025, according to the International Energy Agency (IEA), an autonomous intergovernmental organization that provides data, analysis, and policy guidance on global energy markets, global electricity demand increased by 4.3% in 2024, a significant rise from the 2.5% growth observed in 2023, significantly higher than the 2010-2023 average growth rate of 2.7%. The report highlighted that China alone accounted for more than half of the global increase, while demand growth was also recorded across other major economies. This surge in electricity usage created a pressing need for advanced EMS solutions to optimize consumption, balance grid loads, and improve overall energy efficiency. Therefore, the EMS market was mainly driven by increasing electricity demand.
Hybrid Energy Management Systems with Battery Integration
Key companies in the energy management systems market are focusing on the development of hybrid energy management systems that integrate battery storage solutions. These innovations aim to enhance energy reliability, reduce costs, and support renewable energy integration, while also offering customizable solutions for various applications. For instance, in September 2025, Senkron Digital, a Germany-based company specializing in digital energy solutions, unveiled its new hybrid energy management system with battery integration at TUREK 2025. The system combines real-time energy monitoring, intelligent control algorithms, and battery storage to optimize energy usage and ensure a stable power supply, particularly in areas with intermittent renewable energy sources. By leveraging this integrated approach, Senkron Digital aims to provide a comprehensive solution for modern energy challenges.
The global energy management systems market is fairly fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 24.10% of the total market in 2024.
Energy Management Systems Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global energy management systems market as it emerges from the COVID-19 shut down.
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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 history and forecasts market growth by geography. It places the market within the context of the wider energy management systems market; and compares it with other markets.
The report covers the following chapters
- Introduction And Market Characteristics - Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by component, by deployment and by end-user.
- Key Trends - Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM)
- Global Market Size And Growth - Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis - Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation - Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by component, by deployment and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size And Growth - Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape - Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies - Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers And Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for energy management systems providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
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; Siemens AG; Johnson Controls International Plc.; Honeywell International Inc.; ABB Ltd
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- 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; energy management systems indicators comparison.
- 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.