Energy Management Systems (EMS) Industry Overview

The global energy management systems (EMS) market size garnered USD 40.77 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030.

An uptick in the management of energy use across commercial, industrial, and public sector organizations has fueled demand for energy management systems (EMS). Implementing advanced energy-efficient technologies and reducing energy waste will gain ground to contain greenhouse gas emissions, minimize potential exposure to fluctuating energy prices and bolster productivity. In February 2020, the World Resources Institute cited data suggesting that energy consumption was the biggest source of human-caused greenhouse gas emissions. Amidst the prevailing trend, industry players could seek IoT-based solutions to optimize energy consumption and control the energy flow.

Gather more insights about the market drivers, restrains and growth of the Energy Management Systems Market

The competitive landscape alludes to strategic planning, such as technological advancements, collaborations, product offerings, mergers acquisitions, and geographical expansion to gain momentum globally. For instance, in July 2022, Eaton collaborated with EU-backed Flow Consortium (24 external partners and six leading universities across Europe) to develop and demonstrate an integrated electric vehicle charging infrastructure. The USD 10.4 million project, under the aegis of EU’s Horizon Europe Research and Innovation program, could span till March 2026.

Robust pace of digitization in the energy landscape, along with the paradigm shift witnessed in electrification, has fostered demand for energy management system software. EMS plays an invaluable role in helping companies identify opportunities to enhance and adopt energy-saving technologies. EMS is likely to receive impetus to provide stability in energy provision, flexibility in power generation and boost energy efficiency. Furthermore, environmentally friendly energy consumer framework will emphasize quality and occupancy sensors to regulate energy consumption. Technologies to minimize energy consumption may lead to decarbonization trend to avoid using fossil fuels.

State-of-the-art technologies, such as edge AI have gained considerable traction across advanced and emerging economies, mainly due to the onslaught of COVID-19 pandemic. The prevalence of hybrid work culture and rotating class schedules furthered the trend for smart building management. Additionally, edge AI has underscored building management system (BMS) to bolster safety, minimize energy consumption, better utilize building assets and offer increased occupant comfort. The outbreak prompted building managers to prioritize AI-leveraged BMS and optimize and automate energy usage. Post-COVID outlook suggests an emphasis on EMS could pave a way for low-carbon economic growth.

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Energy Management Systems Market Segmentation

Grand View Research has segmented the global energy management systems market report based on system type, component, deployment, vertical, and region:

Energy Management Systems System Type Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial energy management systems (IEMS)
• Building energy management systems (BEMS)
• Home energy management systems (HEMS)

Energy Management Systems Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware
• Software
• Services

Energy Management Systems Deployment Outlook (Revenue, USD Million, 2017 - 2030)

• Cloud
• On-premises

Energy Management Systems Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Residential
• Energy Power
• Telecom IT
• Manufacturing
• Retail
• Healthcare  
• Others

Energy Management Systems Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • U.K.
  • Germany
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central South America
  • Brazil
• Middle East Africa

Key Companies profiled:

• Schneider Electric SE
• Honeywell International Inc.
• Siemens AG
• Johnson Controls, Inc.
• ai, Inc.
• GridPoint
• General Electric
• ABB
• International Business Machines Corporation
• Cisco Systems, Inc.

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