Global Energy Management Systems Market Size is valued at USD 44.1 Billion in 2024 and is predicted to reach USD 151.2 Billion by the year 2034 at a 13.2% CAGR during the forecast period for 2025-2034
Energy Management Systems are valuable tools for organizations looking to minimize energy costs, improve energy efficiency, and lessen their environmental impact. These systems offer a data-driven approach to energy management, allowing organizations to make informed decisions and take proactive measures to optimize energy usage. It is applicable to small-scale systems like microgrids. It is one of the new technologies that enable an organization to monitor, evaluate, and visualize energy usage to gather real-time data on energy use.
The growing utilization of smart meters and smart grids is essential for raising market value. In addition, governments worldwide are launching projects to digitize their domestic energy systems to increase their effectiveness and value and support economic growth. Various governments have focused on developing secure, economical, and sustainable energy systems, thus driving market growth.
However, the COVID-19 pandemic outbreak caused a dramatic decrease in the market. This results from the decline in energy use in heavy sectors such as those reliant on coal, oil, and natural gas. Nevertheless, the sector has persisted due to increased demand from residential energy usage. Online purchasing, remote work, running home appliances, cooling or heating homes, and streaming entertainment services have all increased since the lockdown was implemented.
The Energy Management Systems Market is divided on the basis of component, type, deployment, and end-use industry. On the basis of components, the market is segmented into software, hardware, and services. The type segment includes Home Energy Management Systems (HEMS), Building Energy Management Systems (BEMS), Industrial Energy Management Systems (IEMS). The deployment is segmented into on-premises and cloud-based. The end-use industry segment includes power & energy, telecom & IT, manufacturing, commercial & residential, food & beverages, and others.
The food & beverage category is expected to hold a major share in the global Energy Management Systems Market. Transformers and generators used in the production of food and drinks are protected by energy management systems. Effective energy management has evolved into a business requirement for food and beverage facilities. Manufacturers are forced to change their practice of treating energy usage as an unmanaged business expense due to increased competitive pressures, narrower margins, and rising energy costs.
Even while electricity accounts for the majority of food and beverage plants' highest energy costs, it also presents the biggest chances for cost savings. It has the potential to provide the highest rates of profit. Technological advancements, new international frameworks, and a supply chain transformation to increase resilience and efficiency across the global food system are all driving unprecedented change in the food and beverage business.
The segment is expected to grow at a rapid rate in the global Energy Management Systems Market owing to the growing prevalence of sensing and communication technology. Furthermore, bridges and sensors have gained popularity, with wired sensor networks gaining popularity for being more reliable, having longer service lifetimes, and being less susceptible to interference and disturbances. With monitoring and regulating building operations gaining traction as a means of integrating intelligence, hardware components could increase the energy management systems market forecast for the duration of the projected period.
Asia Pacific region in Energy Management Systems Market is expected to record the maximum market share in terms of revenue in the near future due to the rise in digitalization and the increase in data generated by IoT devices. Furthermore, given the region's expanding energy needs and large carbon footprint, many organizations are turning to energy management systems to optimize energy resources for their operations.
Furthermore, North America is predicted to grow rapidly. Global investments in more energy-efficient infrastructure have been steadily increasing, with governments investing in a variety of initiatives such as renewable energy, adopting solutions to improve power grid efficiency, and imposing sanctions on the use of inefficient technologies.
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Report Attribute |
Specifications |
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Market size value in 2024 |
USD 44.1 Billion |
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Revenue forecast in 2034 |
USD 151.2 Billion |
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Growth rate CAGR |
CAGR of 13.2% from 2025 to 2034 |
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Quantitative units |
Representation of revenue in US$ Mn and CAGR from 2025 to 2034 |
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Historic Year |
2021 to 2024 |
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Forecast Year |
2025-2034 |
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Report coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
By Component, Type, Deployment, End-User Industry |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
ABB, Siemens, Schneider Electric, General Electric, Emerson Electric Co., Cisco Systems, Inc., Honeywell International Inc., Eaton, Mitsubishi Electric Corporation, IBM, Hitachi, Rockwell Automation, Inc., Yokogawa Electric Corporation, C3 AI, Delta Electronics, Inc, Enel X, Neptune India, Weidmuller, Energy Management Systems, Inc., Distech Controls |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
Chapter 2. Executive Summary
Chapter 3. Global Energy Management Systems Market Snapshot
Chapter 4. Global Energy Management Systems Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis
Chapter 5. Market Segmentation 1: By Type Estimates & Trend Analysis
5.1. By Type, & Market Share, 2024 & 2034
5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Type:
5.2.1. Services
5.2.2. HEMS
5.2.3. BEMS
5.2.4. IEMS
Chapter 6. Market Segmentation 2: By Component Estimates & Trend Analysis
6.1. By Component & Market Share, 2024 & 2034
6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Component:
6.2.1. Hardware
6.2.2. Software
6.2.3. Services
Chapter 7. Market Segmentation 3: By Deployment Estimates & Trend Analysis
7.1. By Deployment & Market Share, 2024 & 2034
7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By Deployment:
7.2.1. On-Premises
7.2.2. Cloud Based
Chapter 8. Market Segmentation 4: By End-Use Industry Estimates & Trend Analysis
8.1. By End-Use Industry & Market Share, 2024 & 2034
8.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2021 to 2034 for the following By End-Use Industry:
8.2.1. Power & Energy
8.2.2. Telecom & IT
8.2.3. Manufacturing
8.2.4. Commercial & Residential
8.2.5. Food & Beverages
8.2.6. Others
Chapter 9. Energy Management Systems Market Segmentation 5: Regional Estimates & Trend Analysis
9.1. North America
9.1.1. North America Energy Management Systems Market revenue (US$ Million) estimates and forecasts By Type, 2021-2034
9.1.2. North America Energy Management Systems Market revenue (US$ Million) estimates and forecasts By Component, 2021-2034
9.1.3. North America Energy Management Systems Market revenue (US$ Million) estimates and forecasts By Deployment, 2021-2034
9.1.4. North America Energy Management Systems Market revenue (US$ Million) estimates and forecasts By End-Use Industry, 2021-2034
9.1.5. North America Energy Management Systems Market revenue (US$ Million) estimates and forecasts by country, 2021-2034
9.2. Europe
9.2.1. Europe Energy Management Systems Market revenue (US$ Million) By Type, 2021-2034
9.2.2. Europe Energy Management Systems Market revenue (US$ Million) By Component, 2021-2034
9.2.3. Europe Energy Management Systems Market revenue (US$ Million) By Deployment, 2021-2034
9.2.4. Europe Energy Management Systems Market revenue (US$ Million) By End-Use Industry, 2021-2034
9.2.5. Europe Energy Management Systems Market revenue (US$ Million) by country, 2021-2034
9.3. Asia Pacific
9.3.1. Asia Pacific Energy Management Systems Market revenue (US$ Million) By Type, 2021-2034
9.3.2. Asia Pacific Energy Management Systems Market revenue (US$ Million) By Component, 2021-2034
9.3.3. Asia Pacific Energy Management Systems Market revenue (US$ Million) By Deployment, 2021-2034
9.3.4. Asia Pacific Energy Management Systems Market revenue (US$ Million) By End-Use Industry, 2021-2034
9.3.5. Asia Pacific Energy Management Systems Market revenue (US$ Million) by country, 2021-2034
9.4. Latin America
9.4.1. Latin America Energy Management Systems Market revenue (US$ Million) By Type, (US$ Million) 2021-2034
9.4.2. Latin America Energy Management Systems Market revenue (US$ Million) By Component, (US$ Million) 2021-2034
9.4.3. Latin America Energy Management Systems Market revenue (US$ Million) By Deployment, (US$ Million) 2021-2034
9.4.4. Latin America Energy Management Systems Market revenue (US$ Million) By End-Use Industry, (US$ Million) 2021-2034
9.4.5. Latin America Energy Management Systems Market revenue (US$ Million) by country, 2021-2034
9.5. Middle East & Africa
9.5.1. Middle East & Africa Energy Management Systems Market revenue (US$ Million) By Type, (US$ Million) 2021-2034
9.5.2. Middle East & Africa Energy Management Systems Market revenue (US$ Million) By Component, (US$ Million) 2021-2034
9.5.3. Middle East & Africa Energy Management Systems Market revenue (US$ Million) By Deployment, (US$ Million) 2021-2034
9.5.4. Middle East & Africa Energy Management Systems Market revenue (US$ Million) By End-Use Industry, (US$ Million) 2021-2034
9.5.5. Middle East & Africa Energy Management Systems Market revenue (US$ Million) by country, 2021-2034
Chapter 10. Competitive Landscape
10.1. Major Mergers and Acquisitions/Strategic Alliances
10.2. Company Profiles
10.2.1. ABB (Switzerland),
10.2.2. Siemens (Germany),
10.2.3. Schneider Electric (France),
10.2.4. General Electric (US),
10.2.5. Emerson (US),
10.2.6. Cisco Systems, Inc. (US),
10.2.7. Honeywell International Inc. (US),
10.2.8. Eaton (Ireland),
10.2.9. Mitsubishi Electric Corporation (Japan),
10.2.10. IBM (US),
10.2.11. Hitachi (Japan),
10.2.12. Rockwell Automation, Inc. (US),
10.2.13. Yokogawa Electric Corporation (Japan),
10.2.14. C3 AI (US),
10.2.15. Delta Electronics, Inc. (US),
10.2.16. Enel X (Italy),
10.2.17. Neptune India (India),
10.2.18. Weidmuller (Germany),
10.2.19. Energy Management Systems, Inc. (US),
10.2.20. Distech Controls (Canada)
Energy Management Systems Market By Component-
Energy Management Systems Market By Type-
Energy Management Systems Market By Deployment-
Energy Management Systems Market By End-Use Industry-
Energy Management Systems Market By Region-
North America-
Europe-
Asia-Pacific-
Latin America-
Middle East & Africa-
InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.
Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.
Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.
Secondary research
The secondary research sources that are typically mentioned to include, but are not limited to:
The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista
Primary Research:
Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies
The contributors who typically take part in such a course include, but are not limited to:
Data Modeling and Analysis:
In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.
The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.
To know more about the research methodology used for this study, kindly contact us/click here.4456
