Market Research Report
Europe Advanced Energy Management System Market, By Component, By End User Vertical, By Solution, By Country, Competition, Forecast & Opportunities, 2026
|Europe Advanced Energy Management System Market, By Component, By End User Vertical, By Solution, By Country, Competition, Forecast & Opportunities, 2026|
Published: September 1, 2021
Content info: 89 Pages
Delivery time: 2-3 business days
Europe advanced energy management system market is projected to grow at double digit CAGR during the forecast period owing to increasing electricity consumption and growing demand for energy efficiency in end use industries. Furthermore, need for energy management during high electricity demand and shift from conventional fossil fuels to alternate sources is expected to drive the demand for advanced energy management systems in Europe.
Advanced energy management system is a technology, involving conversion of electricity to energy and vice versa based on the demand for electricity. The technology is gaining prominence as it offers cost effective and reliable power for end user industries such as power & energy, IT & telecom and manufacturing, among others. Additionally, growing need for reducing GHG emissions and reliance on fossil fuels is expected to positively impact the growth of the market in the coming years. Even Paris Agreement or COP 21 was also signed in 2016 for reducing the GHG emission and combat climate change by 2100.
Europe advanced energy management system market is segmented based on component, end user vertical, solution, country, and company. In terms of software which is a sub-segment of component, utility energy management system accounted for the lion's share in 2020 owing to government initiatives for the introduction of smart grid and declining prices of IoT components.
Leading players in the region are IBM, Rockwell Automation, Schneider Electric, Honeywell, General Electric, Cisco, Eaton Corporation, SAP, Elster Group, Siemens, CA Technologies and Tendril.
Years considered for this report:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of energy management system providers across Europe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the energy management system providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the energy management system providers and presence of all major players across the region.
TechSci Research calculated the market size of advanced energy management system market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and End User Verticals for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as advanced energy management system providers and partners, end user verticals, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Europe advanced energy management system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in advanced energy management system market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: