Rising inclination towards energy efficiencies and government is projected to fuel the growth of the Global Energy Management System Market at a CAGR of 14.6% during the forecast period 2023 to 2030

Market Research Future (MRFR) has published a cooked research report on the “Global Energy Management System Market” that contains information from 2019 to 2030. The Global Energy Management System Market is estimated to register a CAGR of 14.6% during the forecast period of 2023 to 2030.

As per Market Research Future (MRFR) analysis the following companies as the key players in the Global Energy Management System Market—C3 Energy, Delta Electronics, Inc, Dexma, General Electric Company, GridPoint Inc, Honeywell International Inc, Johnson Controls International Plc, Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, ABB, Eaton Corporation Plc, Cisco Systems Inc, IBM Corporation.

Market Highlights

The Global Energy Management System Market is projected to grow at a CAGR of 14.6% in the forecast period, and the market is expected to reach USD 88,478.8 million by 2030.

Energy serves as the fundamental fuel for social and economic progress. Each sector requires energy to operate, and owing to a highly competitive environment and technological progress, there is a constant demand for energy. The industrial sector, in particular, requires a substantial amount of power. There is also a growing recognition of the necessity to optimise and conserve energy. Additionally, in reaction to market pressures and public concern regarding environmental sustainability, companies have sought to utilise energy more effectively. The objective to reduce and optimise energy consumption is anticipated to be a significant market motivator. The ongoing reduction of energy intensity from traditional sources like coal has emerged as a worldwide challenge. Governments across the globe have dedicated resources to developing an adequate, safe, and sustainable energy framework. Moreover, increasing energy demand due to heightened industrialization compels governments in various nations to establish effective energy management strategies. Furthermore, escalating energy supplier competition and rising prices are prompting governments to boost investments in renewable energy.Climate change, global warming, and the growing prevalence of natural disasters are pressuring both global and local energy organizations to enforce strict regulations for efficient energy consumption. Numerous states and local governments in the United States, for instance, have augmented their renewable energy portfolio mandates to highlight their dedication to clean energy. Consequently, government initiatives aimed at reducing energy consumption and enhancing management efficiency are driving the expansion of the energy management system market.The advancement of the energy and utility sectors is vigorously encouraging smart infrastructure innovations for improved efficiency. Increased funding in intelligent projects like smart buildings, smart cities, and smart farms generates enormous demand for superior energy management. The heightened implementation of smart meters and smart grids also aids in market expansion. Additionally, the advantages of smart grids, such as lower electricity bills, improved reliability, reduced costs, fraud prevention, and other benefits are promoting smart grid adoption. Furthermore, smart grids and meters come equipped with data collection and analysis features that can produce valuable insights. Therefore, technologically advanced smart grids and smart energy meters are forecasted to propel market growth.

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Segment Analysis

By type segment of energy management system market has been segmented into the industrial energy management system, building energy management system, and home energy management system. The Industrial energy management system market segment dominated the global market with the largest revenue share of 58.4% in 2022. An industrial energy management system offers industry-specific functionality for monitoring, reporting, control, and automation that is highly customizable, fully integrated, and end-to-end. Industrial energy management systems provide accurate monitoring and analysis of energy consumption, automated alerts and alarms, system events, and system monitoring based on each application's needs. A Building Energy Management System is a computerized system for monitoring and controlling energy-related plants and equipment in buildings, such as HVAC systems, lighting, power systems, etc. Despite sometimes being used interchangeably with Building Management Systems (BMS), Building Energy Management Systems are able to monitor and control a wide array of building systems, such as fire, smoke detectors, motion detectors, CCTV, access control, security, and access control, lifts, etc. Specifically, Building Energy Management Systems deal with energy-related systems. The home energy management system is a technology platform with both hardware and software for monitoring energy usage and production as well as controlling and/or automating energy consumption within a home. Hardware components of the system include a 'hub' device that acts as a link between the homeowner and connected appliances and devices.

By component segment of the energy management system market has been segmented into hardware, software, and services. The Hardware segment dominated the Global Energy Management System Market with the largest market revenue share of 59.3% in 2022 Energy Management System hardware is primarily the central monitoring unit which is crucial to its operation. Power distribution within the house is handled by this unit, which is installed on the house's main electrical switchboard. The software in an Energy Management System regulates communications between devices and users. In order to relay information between the Energy Management System, the supplier, and the user, the communication network is utilized. Additionally, the software includes an algorithm that analyzes the energy consumption data and looks for opportunities to optimize it. There are many ways to improve energy efficiency and reduce energy costs for the business if the user knows where to look. Various services such as supply solutions, demand solutions, renewable energy solutions, utility energy management solutions, price risk management solutions, and EV charging stations are provided by companies.

By deployment segment of the Energy Management System market has been segmented into On-Premises and Cloud. The Cloud segment dominated the Global Energy Management System Market with the largest market revenue share of 79.3% in 2022. On premise, energy management software typically has a one-time cost or license fee. Moreover, on-premises solutions usually incur additional costs in terms of set-up, installation, and extra hardware. Depending on the size of the project, users will need servers and IT environments costing from $10,000 to $50,000 for deploying a system with advanced analytics capabilities. Cloud-based energy management software is the dominant tool for managing energy in any organization, regardless of industry. By using cloud computing, service providers can access elastic IT resources such as storage, servers, and computing, which allows them to scale up and down as client needs change.

By Industry Vertical segment of the energy management system market has been segmented into IT & Telecom, power & energy, manufacturing, oil & gas, automotive, healthcare, residential, pharmaceutical, and others. The Manufacturing segment dominated the Global Energy Management System Market with the largest market revenue share of 21.7% in 2022. According to sources in the telecommunications industry, there are over one million cell sites in the region. Private property is typically leased by owners of these sites. In order to reimburse the property owner for their share of utility bills, telecommunications companies monitor the energy consumption and demand of their cell sites on leased properties. Power management primarily focuses on enhancing electrical reliability. It is essential for critical power buildings to have reliable, high-quality, and manageable power. The energy management system is more concerned with saving money and integrating existing energy streams to analyze the power distribution systems across all energy-related aspects of a building with the aim of reducing costs and maximizing energy efficiency. It requires planning and corporate commitment for energy consumption to be reduced effectively. For instance, consider a product that is dried in a natural gas dryer, cured, and dried in an electric dryer before coating. If an individual manager responded to a "mandate to save energy," the first dryer might use less gas. A large amount of energy is required in oil refineries in order to produce electricity that is used to generate heat and power various equipment and motors. Complete stages of petroleum production include drilling, processing, refining, and transporting the final product to end users.

Regional Analysis

Based on Region, the Global Energy Management System Market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The North America region dominated the Global Energy Management System Market with the largest market revenue share of 37.7% in 2022. The region's need for energy management systems is anticipated to be driven by the region's growing emphasis on grid modernization, rising smart meter usage, and deployment of household energy management systems to monitor and manage electricity consumption. Higher efficiency goals are the focus of regional government strategies aimed at lowering energy use. Additionally, North America has historically had a robust industrial sector. As a result, increasing industrial energy efficiency through the adoption of energy management systems assumes a relatively significant role, ultimately fueling the expansion of the local market. Due to the growing use of smart grids and increased investment in infrastructure, the United States and Canada are expected to offer chances for revenue generation. According to the IEA, investments in energy grids would increase by 10% in 2021, with the U.S. serving as one of the primary countries investing in infrastructure. Additionally, the need for smart energy has significantly increased throughout the region, motivating stakeholders to invest money in EMS. The building, residential, and commercial sectors are expected to show the strongest demand for IoT-based solutions.

Key Findings of the Study

• The Global Energy Management System Market is expected to reach 88,478.8 million by 2030, at a CAGR of 14.6% during the forecast period.


• The North America region dominated the Global Energy Management System Market with the largest market revenue share of 37.7% in 2022.


• The Industrial energy management system market segment dominated the global market with the largest revenue share of 58.4% in 2022.


• The Hardware segment dominated the Global Energy Management System Market with the largest market revenue share of 59.3% in 2022.


• The Cloud segment dominated the Global Energy Management System Market with the largest market revenue share of 79.3% in 2022.


• The Manufacturing segment dominated the Global Energy Management System Market with the largest market revenue share of 21.7% in 2022.


• The Global Energy Management System Market key players include C3 Energy, Delta Electronics, Inc, Dexma, General Electric Company, GridPoint Inc, Honeywell International Inc, Johnson Controls International Plc, Schneider Electric SE, Siemens AG, Yokogawa Electric Corporation, Mitsubishi Electric Corporation, ABB, Eaton Corporation Plc, Cisco Systems Inc, IBM Corporation.