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Energy Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

September 2023 | 145 pages | ID: EC8F930148CAEN
IMARC Group

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Market Overview:

The global energy management system market size reached US$ 48.1 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 103.9 Billion by 2028, exhibiting a growth rate (CAGR) of 13% during 2023-2028.

An energy management system (EMS) refers to an automation system of computer-aided tools utilized to monitor, control, and optimize the performance of the transmission or generation system. Home, building, and industrial are some of the common types of EMS. It is widely used by operators of electric utility grids to control and monitor energy-consuming devices, such as fans, pumps, heating and cooling equipment, dampers, and lighting. EMS consists of various components, such as a smart panel, consumption monitors, smart circuits, and a monitoring and control app. It assists in analyzing consumption trends, lowering carbon footprint, enhancing productivity, improving brand image, assessing and building operator’s energy consumption targets, and minimizing operational and energy costs.

Energy Management System Market Trends:
The widespread product adoption in residential buildings across the globe is creating a positive outlook for the market. Energy management systems are widely used to monitor and control the building's energy needs and aid in improving the overall energy efficiency of the establishment. Additionally, the increasing demand of EMS in enterprises and organizations to minimize operational costs and greenhouse gas emissions is favoring the market growth. Apart from this, the large-scale integration of artificial intelligence (AI) and the Internet of Things (IoT) to optimize the use of electricity, analyze the data and help in effective and sustainable energy consumption strategies based on usage patterns are providing a considerable boost to the market growth. Moreover, the rising consumer inclination toward energy efficiency and optimization due to the increasing energy consumptions across the globe are positively impacting the market growth. Other factors, including the rising development of smart cities, which, in turn, has facilitated the increasing deployment of smart meters and smart grids, along with the implementation of various government initiatives focusing on sustainable energy usage, are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global energy management system market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, product, solution, industry vertical and end use.

Breakup by Component:

Sensors
Controllers
Software
Batteries
Display Devices
Others

Breakup by Product:

Industrial Energy Management Systems (IEMS)
Building Energy Management Systems (BEMS)
Home Energy Management Systems (HEMS)

Breakup by Solution:

Carbon Energy Management
Demand Response Management
Utility Billing and Customer Information System

Breakup by Industry Vertical:

Power & Energy
Telecom & IT
Manufacturing
Retail & Offices
Healthcare
Others

Breakup by End Use:

Residential
Commercial

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being C3.ai Inc., Delta Electronics Inc., Eaton Corporation PLC, Emerson Electric Co., General Electric Company, Honeywell International Inc., Johnson Controls International PLC, Rockwell Automation Inc., Schneider Electric SE, Siemens AG, Toshiba Corporation and Yokogawa Electric Corporation.

Key Questions Answered in This Report:
How has the global energy management system market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global energy management system market?
What are the key regional markets?
What is the breakup of the market based on the component?
What is the breakup of the market based on the product?
What is the breakup of the market based on the solution?
What is the breakup of the market based on the industry vertical?
What is the breakup of the market based on the end use?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global energy management system market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
  2.3.1Primary Sources
  2.3.2Secondary Sources
2.4Market Estimation
  2.4.1Bottom-Up Approach
  2.4.2Top-Down Approach
2.5Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1Overview
4.2Key Industry Trends

5 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET

5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast

6 MARKET BREAKUP BY COMPONENT

6.1Sensors
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2Controllers
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3Software
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4Batteries
  6.4.1 Market Trends
  6.4.2 Market Forecast
6.5Display Devices
  6.5.1 Market Trends
  6.5.2 Market Forecast
6.6Others
  6.6.1 Market Trends
  6.6.2 Market Forecast

7 MARKET BREAKUP BY PRODUCT

7.1Industrial Energy Management Systems (IEMS)
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2Building Energy Management Systems (BEMS)
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3Home Energy Management Systems (HEMS)
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY SOLUTION

8.1Carbon Energy Management
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2Demand Response Management
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3Utility Billing and Customer Information System
  8.3.1 Market Trends
  8.3.2 Market Forecast

9 MARKET BREAKUP BY INDUSTRY VERTICAL

9.1Power & Energy
  9.1.1 Market Trends
  9.1.2 Market Forecast
9.2Telecom & IT
  9.2.1 Market Trends
  9.2.2 Market Forecast
9.3Manufacturing
  9.3.1 Market Trends
  9.3.2 Market Forecast
9.4Retail & Offices
  9.4.1 Market Trends
  9.4.2 Market Forecast
9.5Healthcare
  9.5.1 Market Trends
  9.5.2 Market Forecast
9.6Others
  9.6.1 Market Trends
  9.6.2 Market Forecast

10 MARKET BREAKUP BY END USE

10.1Residential
  10.1.1 Market Trends
  10.1.2 Market Forecast
10.2Commercial
  10.2.1 Market Trends
  10.2.2 Market Forecast

11 MARKET BREAKUP BY REGION

11.1North America
  11.1.1 United States
    11.1.1.1 Market Trends
    11.1.1.2 Market Forecast
  11.1.2 Canada
    11.1.2.1 Market Trends
    11.1.2.2 Market Forecast
11.2Asia-Pacific
  11.2.1 China
    11.2.1.1 Market Trends
    11.2.1.2 Market Forecast
  11.2.2 Japan
    11.2.2.1 Market Trends
    11.2.2.2 Market Forecast
  11.2.3 India
    11.2.3.1 Market Trends
    11.2.3.2 Market Forecast
  11.2.4 South Korea
    11.2.4.1 Market Trends
    11.2.4.2 Market Forecast
  11.2.5 Australia
    11.2.5.1 Market Trends
    11.2.5.2 Market Forecast
  11.2.6 Indonesia
    11.2.6.1 Market Trends
    11.2.6.2 Market Forecast
  11.2.7 Others
    11.2.7.1 Market Trends
    11.2.7.2 Market Forecast
11.3Europe
  11.3.1 Germany
    11.3.1.1 Market Trends
    11.3.1.2 Market Forecast
  11.3.2 France
    11.3.2.1 Market Trends
    11.3.2.2 Market Forecast
  11.3.3 United Kingdom
    11.3.3.1 Market Trends
    11.3.3.2 Market Forecast
  11.3.4 Italy
    11.3.4.1 Market Trends
    11.3.4.2 Market Forecast
  11.3.5 Spain
    11.3.5.1 Market Trends
    11.3.5.2 Market Forecast
  11.3.6 Russia
    11.3.6.1 Market Trends
    11.3.6.2 Market Forecast
  11.3.7 Others
    11.3.7.1 Market Trends
    11.3.7.2 Market Forecast
11.4Latin America
  11.4.1 Brazil
    11.4.1.1 Market Trends
    11.4.1.2 Market Forecast
  11.4.2 Mexico
    11.4.2.1 Market Trends
    11.4.2.2 Market Forecast
  11.4.3 Others
    11.4.3.1 Market Trends
    11.4.3.2 Market Forecast
11.5Middle East and Africa
  11.5.1 Market Trends
  11.5.2 Market Breakup by Country
  11.5.3 Market Forecast

12 SWOT ANALYSIS

12.1Overview
12.2Strengths
12.3Weaknesses
12.4Opportunities
12.5Threats

13 VALUE CHAIN ANALYSIS

14 PORTERS FIVE FORCES ANALYSIS

14.1Overview
14.2Bargaining Power of Buyers
14.3Bargaining Power of Suppliers
14.4Degree of Competition
14.5Threat of New Entrants
14.6Threat of Substitutes

15 PRICE ANALYSIS

16 COMPETITIVE LANDSCAPE

16.1Market Structure
16.2Key Players
16.3Profiles of Key Players
  16.3.1C3.ai Inc.
    16.3.1.1 Company Overview
    16.3.1.2 Product Portfolio
    16.3.1.3 Financials
  16.3.2Delta Electronics Inc.
    16.3.2.1 Company Overview
    16.3.2.2 Product Portfolio
    16.3.2.3 Financials
    16.3.2.4 SWOT Analysis
  16.3.3Eaton Corporation PLC
    16.3.3.1 Company Overview
    16.3.3.2 Product Portfolio
    16.3.3.3 Financials
    16.3.3.4 SWOT Analysis
  16.3.4Emerson Electric Co.
    16.3.4.1 Company Overview
    16.3.4.2 Product Portfolio
    16.3.4.3 Financials
    16.3.4.4 SWOT Analysis
  16.3.5General Electric Company
    16.3.5.1 Company Overview
    16.3.5.2 Product Portfolio
    16.3.5.3 Financials
    16.3.5.4 SWOT Analysis
  16.3.6Honeywell International Inc.
    16.3.6.1 Company Overview
    16.3.6.2 Product Portfolio
    16.3.6.3 Financials
  16.3.7Johnson Controls International PLC
    16.3.7.1 Company Overview
    16.3.7.2 Product Portfolio
    16.3.7.3 Financials
    16.3.7.4 SWOT Analysis
  16.3.8Rockwell Automation Inc.
    16.3.8.1 Company Overview
    16.3.8.2 Product Portfolio
    16.3.8.3 Financials
    16.3.8.4 SWOT Analysis
  16.3.9Schneider Electric SE
    16.3.9.1 Company Overview
    16.3.9.2 Product Portfolio
    16.3.9.3 Financials
    16.3.9.4 SWOT Analysis
  16.3.10Siemens AG
    16.3.10.1 Company Overview
    16.3.10.2 Product Portfolio
    16.3.10.3 Financials
    16.3.10.4 SWOT Analysis
  16.3.11Toshiba Corporation
    16.3.11.1 Company Overview
    16.3.11.2 Product Portfolio
    16.3.11.3 Financials
    16.3.11.4 SWOT Analysis
  16.3.12Yokogawa Electric Corporation
    16.3.12.1 Company Overview
    16.3.12.2 Product Portfolio
    16.3.12.3 Financials
    16.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Energy Management System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Energy Management System Market Forecast: Breakup by Component (in Million US$), 2023-2028
Table 3: Global: Energy Management System Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Energy Management System Market Forecast: Breakup by Solution (in Million US$), 2023-2028
Table 5: Global: Energy Management System Market Forecast: Breakup by Industry Vertical (in Million US$), 2023-2028
Table 6: Global: Energy Management System Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 7: Global: Energy Management System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 8: Global: Energy Management System Market: Competitive Structure
Table 9: Global: Energy Management System Market: Key Players

LIST OF FIGURES

Figure 1: Global: Energy Management System Market: Major Drivers and Challenges
Figure 2: Global: Energy Management System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Energy Management System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Energy Management System Market: Breakup by Component (in %), 2022
Figure 5: Global: Energy Management System Market: Breakup by Product (in %), 2022
Figure 6: Global: Energy Management System Market: Breakup by Solution (in %), 2022
Figure 7: Global: Energy Management System Market: Breakup by Industry Vertical (in %), 2022
Figure 8: Global: Energy Management System Market: Breakup by End Use (in %), 2022
Figure 9: Global: Energy Management System Market: Breakup by Region (in %), 2022
Figure 10: Global: Energy Management System (Sensors) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Energy Management System (Sensors) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Energy Management System (Controllers) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Energy Management System (Controllers) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Energy Management System (Software) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Energy Management System (Software) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Energy Management System (Batteries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Energy Management System (Batteries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Energy Management System (Display Devices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Energy Management System (Display Devices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Energy Management System (Other Components) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Energy Management System (Other Components) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Energy Management System (Industrial Energy Management Systems (IEMS)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Energy Management System (Industrial Energy Management Systems (IEMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Energy Management System (Building Energy Management Systems (BEMS)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Energy Management System (Building Energy Management Systems (BEMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Energy Management System (Home Energy Management Systems (HEMS)) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Energy Management System (Home Energy Management Systems (HEMS)) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Energy Management System (Carbon Energy Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Energy Management System (Carbon Energy Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Energy Management System (Demand Response Management) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Energy Management System (Demand Response Management) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Energy Management System (Utility Billing and Customer Information System) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Energy Management System (Utility Billing and Customer Information System) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Energy Management System (Power & Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Global: Energy Management System (Power & Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Global: Energy Management System (Telecom & IT) Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Global: Energy Management System (Telecom & IT) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Global: Energy Management System (Manufacturing) Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Global: Energy Management System (Manufacturing) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Global: Energy Management System (Retail & Offices) Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Global: Energy Management System (Retail & Offices) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: Global: Energy Management System (Healthcare) Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: Global: Energy Management System (Healthcare) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Global: Energy Management System (Other Industry Verticals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Energy Management System (Other Industry Verticals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Energy Management System (Residential) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Energy Management System (Residential) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Energy Management System (Commercial) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Energy Management System (Commercial) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: North America: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: North America: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: United States: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: United States: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Canada: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Canada: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Asia-Pacific: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Asia-Pacific: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: China: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: China: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Japan: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Japan: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: India: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: India: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: South Korea: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: South Korea: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Australia: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Australia: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Indonesia: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Indonesia: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Others: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Others: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Europe: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Europe: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Germany: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Germany: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: France: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: France: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 78: United Kingdom: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 79: United Kingdom: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 80: Italy: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 81: Italy: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 82: Spain: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 83: Spain: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 84: Russia: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 85: Russia: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 86: Others: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 87: Others: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 88: Latin America: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 89: Latin America: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 90: Brazil: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 91: Brazil: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 92: Mexico: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 93: Mexico: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 94: Others: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 95: Others: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 96: Middle East and Africa: Energy Management System Market: Sales Value (in Million US$), 2017 & 2022
Figure 97: Middle East and Africa: Energy Management System Market: Breakup by Country (in %), 2022
Figure 98: Middle East and Africa: Energy Management System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 99: Global: Energy Management System Industry: SWOT Analysis
Figure 100: Global: Energy Management System Industry: Value Chain Analysis
Figure 101: Global: Energy Management System Industry: Porter's Five Forces Analysis


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