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Energy Management System Market Size, Share, and Analysis, By Component (Hardware, Software, and Services), By System Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), By Application (Automation, Energy Distribution, e-Mobility, and Others), By End-User Industry (Oil & Gas, Manufacturing, Energy & Utilities, Automotive, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

January 2024 | 371 pages | ID: E628EAF92E20EN
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Energy Management System Market Size, Share, and Analysis, By Component (Hardware, Software, and Services), By System Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), By Application (Automation, Energy Distribution, e-Mobility, and Others), By End-User Industry (Oil & Gas, Manufacturing, Energy & Utilities, Automotive, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Energy Management System Market is expected t%li%exhibit a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast span from 2024 t%li%2034. In 2023, the market size was assessed at USD 38.8 billion and is projected t%li%reach USD 140.5 billion by the conclusion of 2034.

Energy Management System (EMS) is a comprehensive framework for monitoring, regulating, and optimizing energy consumption in various settings such as buildings, industries, or organizations. It involves the integration of hardware, software, and services in order t%li%manage energy resources efficiently. Energy Management System consist of real-time energy consumption monitoring, data analysis t%li%identify patterns, and the implementation of strategies aimed at reducing the wastage of energy and finances. Additionally, these critical systems include components such as automated control systems, sensors, and advanced data collection & analysis software. EMS facilitates informed decision-making by utilizing technologies such as IoT devices and analytics t%li%regulate energy consumption, manage increasing demands, and improve energy efficiency in multiple operations. Therefore, an effective energy management system reduces energy expenses, while contributing t%li%environmental sustainability by encouraging energy conservation and the adoption of healthy environmental practices.

MARKET HIGHLIGHTS

Energy Management System Market is projected t%li%achieve USD 140.5 billion, showcasing a significant Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period, owing t%li%global concerns regarding energy conservation and the increase in the adoption of smart grid technology. The EMS market has experienced substantial growth due t%li%government regulations aimed at reducing carbon footprints and a collective push toward sustainability. The integration of modern technologies like IoT, cloud computing, and big data analytics int%li%energy management systems are some of the major factors driving this market expansion. Additionally, industries, commercial spaces, and residential sectors are increasingly utilizing energy management system t%li%optimize their energy usage, minimize operational costs, and comply with regulatory standards. Furthermore, the global transition toward renewable energy sources and increasing number of smart city initiatives have advanced the expansion of energy management system market.

Energy Management System Market Segments:
  • By System Type
  • Home Energy Management Systems
  • Building Energy Management Systems
  • Industrial Energy Management Systems
  • By Application
  • Automation
  • Energy Distribution
  • e-Mobility
  • Others
  • By Component
  • Hardware
  • Software
  • Services
  • By End User Industry
  • Oil & Gas
  • Manufacturing
  • Energy & Utilities
  • Automotive
  • Healthcare
  • Others
MARKET DYNAMICS

Growth Drivers

Increased Emphasis on Energy Efficiency Will Drive Market Growth

Growing Adoption of Smart Technologies and IoT Will Create Growth Opportunities

Restraint

Financial, Technical, and Awareness Barriers May Stall Market Expansion

Key Players
  • Siemens AG
  • Schneider Electric SE
  • Honeywell International Inc.
  • Johnson Controls International plc
  • ABB Ltd
  • General Electric Company
  • Eaton Corporation
  • IBM Corporation
    • Cisc%li%Systems, Inc.
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • C3.ai, Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons t%li%Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
      • Indicates the region and segment that is expected t%li%witness the fastest growth as well as t%li%dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
    • The current as well as the future market outlook of the industry with respect t%li%recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
    • Provides insight int%li%the market through Value Chain
    • Market dynamics scenario, along with growth opportunities of the market in the years t%li%come
  • 3-month post-sales analyst support.
1.EXECUTIVE SUMMARY

1.1. Regional Market Share
1.2.Business Trends
1.3. Energy Management System Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot

2. RESEARCH METHODOLOGY

2.1.Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4.Primary Research
2.5.Secondary Research
  2.5.1.Paid Sources
  2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation

3. MARKET CHARACTERISTICS

3.1.Market Definition
3.2.Energy Management System Market: COVID-19 Impact
3.3. Key Segmentations
3.4.Key Developments
3.5.Allied Industry Data

4.ENERGY MANAGEMENT SYSTEM MARKET – INDUSTRY INSIGHTS

4.1. Industry Segmentation
4.2.COVID-19 overview on world economy
4.3.Industry ecosystem Channel analysis
4.4.Innovation & Sustainability

5. MACROECONOMIC INDICATORS

6. RECENT DEVELOPMENTS

7. MARKET DYNAMICS

7.1.Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4.Market Restraints
7.5. Market Trends

8.RISK ANALYSIS

9. MARKET ANALYSIS

9.1.Porters Five Forces
9.2. PEST Analysis
  9.2.1.Political
  9.2.2. Economic
  9.2.3. Social
  9.2.4. Technological

10.ENERGY MANAGEMENT SYSTEM MARKET

10.1.Overview
10.2. Historical Analysis (2019-2022)
  10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast

11. ENERGY MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F

11.1. Overview
11.2.Key Findings
11.3.Market Segmentation
  11.3.1.By System Type
    11.3.1.1. Home Energy Management Systems
      11.3.1.1.1.By Value (USD Million) 2024-2034F
      11.3.1.1.2. Market Share (%) 2024-2034F
      11.3.1.1.3. Y-o-Y Growth (%) 2024-2034F
    11.3.1.2.Building Energy Management Systems
      11.3.1.2.1. By Value (USD Million) 2024-2034F
      11.3.1.2.2.Market Share (%) 2024-2034F
      11.3.1.2.3.Y-o-Y Growth (%) 2024-2034F
    11.3.1.3.Industrial Energy Management Systems
      11.3.1.3.1. By Value (USD Million) 2024-2034F
      11.3.1.3.2.Market Share (%) 2024-2034F
      11.3.1.3.3.Y-o-Y Growth (%) 2024-2034F
  11.3.2. By Application
    11.3.2.1.Automation
      11.3.2.1.1. By Value (USD Million) 2024-2034F
      11.3.2.1.2.Market Share (%) 2024-2034F
      11.3.2.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.2.2. Energy Distribution
      11.3.2.2.1.By Value (USD Million) 2024-2034F
      11.3.2.2.2. Market Share (%) 2024-2034F
      11.3.2.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.3. E-Mobility
      11.3.2.3.1.By Value (USD Million) 2024-2034F
      11.3.2.3.2. Market Share (%) 2024-2034F
      11.3.2.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.2.4. Others
      11.3.2.4.1.By Value (USD Million) 2024-2034F
      11.3.2.4.2. Market Share (%) 2024-2034F
      11.3.2.4.3. Y-o-Y Growth (%) 2024-2034F
  11.3.3.By Component
    11.3.3.1.Hardware
      11.3.3.1.1. By Value (USD Million) 2024-2034F
      11.3.3.1.2.Market Share (%) 2024-2034F
      11.3.3.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.3.2. Software
      11.3.3.2.1.By Value (USD Million) 2024-2034F
      11.3.3.2.2. Market Share (%) 2024-2034F
      11.3.3.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.3.3. Services
      11.3.3.3.1.By Value (USD Million) 2024-2034F
      11.3.3.3.2. Market Share (%) 2024-2034F
      11.3.3.3.3. Y-o-Y Growth (%) 2024-2034F
  11.3.4.By End-User Industry
    11.3.4.1.Oil & Gas
      11.3.4.1.1. By Value (USD Million) 2024-2034F
      11.3.4.1.2.Market Share (%) 2024-2034F
      11.3.4.1.3.Y-o-Y Growth (%) 2024-2034F
    11.3.4.2. Manufacturing
      11.3.4.2.1.By Value (USD Million) 2024-2034F
      11.3.4.2.2. Market Share (%) 2024-2034F
      11.3.4.2.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.3. Energy & Utilities
      11.3.4.3.1.By Value (USD Million) 2024-2034F
      11.3.4.3.2. Market Share (%) 2024-2034F
      11.3.4.3.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.4.Automotive
      11.3.4.4.1.By Value (USD Million) 2024-2034F
      11.3.4.4.2. Market Share (%) 2024-2034F
      11.3.4.4.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.5. Healthcare
      11.3.4.5.1.By Value (USD Million) 2024-2034F
      11.3.4.5.2. Market Share (%) 2024-2034F
      11.3.4.5.3. Y-o-Y Growth (%) 2024-2034F
    11.3.4.6. Others
      11.3.4.6.1.By Value (USD Million) 2024-2034F
      11.3.4.6.2. Market Share (%) 2024-2034F
      11.3.4.6.3. Y-o-Y Growth (%) 2024-2034F

12.NORTH AMERICA ENERGY MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F

12.1.Overview
12.2. Key Findings
12.3. Market Segmentation
  12.3.1.By System Type
  12.3.2. By Application
  12.3.3. By Component
  12.3.4. By End-User Industry
12.4. Country
  12.4.1. United States
  12.4.2. Canada

13.EUROPE ENERGY MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F

13.1.Overview
13.2. Key Findings
13.3. Market Segmentation
  13.3.1.By System Type
  13.3.2. By Application
  13.3.3. By Component
  13.3.4. By End-User Industry
13.4.Country
  13.4.1.Germany
  13.4.2. United Kingdom
  13.4.3. France
  13.4.4. Italy
  13.4.5. Spain
  13.4.6. Russia
  13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)

14.ASIA-PACIFIC ENERGY MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F

14.1. Overview
14.2. Key Findings
14.3.Market Segmentation
  14.3.1.By System Type
  14.3.2. By Application
  14.3.3. By Component
  14.3.4. By End-User Industry
14.4. Country
  14.4.1.India
  14.4.2. China
  14.4.3. South Korea
  14.4.4.Japan
  14.4.5.Rest of APAC

15.MIDDLE EAST AND AFRICA ENERGY MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F

15.1.Overview
15.2. Key Findings
15.3. Market Segmentation
  15.3.1.By System Type
  15.3.2. By Application
  15.3.3. By Component
  15.3.4. By End-User Industry
15.4.Country
  15.4.1. Israel
  15.4.2. GCC
  15.4.3. North Africa
  15.4.4.South Africa
  15.4.5. Rest of Middle East and Africa

16. LATIN AMERICA ENERGY MANAGEMENT SYSTEM MARKET SIZE & FORECAST 2024A-2034F

16.1.Overview
16.2. Key Findings
16.3. Market Segmentation
  16.3.1.By System Type
  16.3.2. By Application
  16.3.3. By Component
  16.3.4. By End-User Industry
16.4.Country
  16.4.1. Mexico
  16.4.2. Brazil
  16.4.3. Rest of Latin America

17. COMPETITIVE LANDSCAPE

17.1.Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders

18. COMPANY PROFILES

18.1. Siemens AG
  18.1.1.Company Overview
  18.1.2.Financial Overview
  18.1.3.Key Product; Analysis
  18.1.4.Company Assessment
    18.1.4.1.Product Portfolio
    18.1.4.2.Key Clients
    18.1.4.3. Market Share
    18.1.4.4. Recent News & Development (Last 3 Yrs.)
    18.1.4.5. Executive Team
18.2. Schneider Electric SE
18.3. Honeywell International Inc.
18.4. Johnson Controls International plc
18.5. ABB Ltd
18.6. General Electric Company
18.7. Eaton Corporation
18.8. IBM Corporation
18.9. Cisco Systems, Inc.
18.10.Mitsubishi Electric Corporation
18.11.Rockwell Automation, Inc.
18.12. Schneider Electric
18.13. Yokogawa Electric Corporation
18.14.Emerson Electric Co.
18.15. C3.ai, Inc.
18.16. Other Prominent Players

19. APPENDIX

20.CONSULTANT RECOMMENDATION



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