Energy Management System Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

The energy management system market is expected to register a CAGR of around 18% over the period of 2021-2027. Rising investments in power transmission and distribution networks coupled with the growing augmentation and modernization of transmission and distribution networks across the globe are expected to drive the market. As per the United Nations Industrial Development Organization (UNIDO), an energy management system (EMS) is a framework for energy consumers, including industrial, commercial, and public sector organizations, to manage their energy use. It assists businesses in identifying opportunities to adopt and improve energy-saving technologies, including those that do not necessitate a large capital investment. In most cases, successful EMS implementation requires specialized knowledge and staff training. Thus, with the rising energy consumption coupled with the integration of mandatory environmental regulations and policies in the current energy management ecosystem, the global EMS market is expected to witness exponential growth during the forecast period.

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However, industry growth witnessed some stress and negative impact due to COVID-19. The sudden outbreak of COVID-19 has sent shockwaves across industries manufacturing, power generation, renewables, nuclear, and oil and gas. The outbreak and the resulting economic slowdown have had an intermediate impact on energy management system industry. Although the COVID-19 pandemic has forced to stop all the fieldwork of several major projects, the market is nonetheless expected to remain robust with the cumulative number of EMS integration.

 According to UnivDatos Market Insights (UMI)’ research report “global energy management system market”, the market is expected to witness robust growth during the forecast period 2021-2027F. Energy management is the process of tracking and optimizing energy consumption to conserve usage. Some of the features of EMS are collecting and analyzing continuous data, identifying optimizations in equipment schedules, setting points and flow rates to improve energy efficiency, calculating return on investment, and executing energy optimization solutions, among others. Thus, the EMS market is expected to witness exponential growth during the forecast period owing to the growing focus on energy conservation and management.

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Based on type, the market is classified into building energy management system (BEMS), industrial energy management systems (IEMS), and home energy management system (HEMS). Amongst them, IEMS is expected to witness significant growth during the forecast period. This is mainly due to the adoption and integration of energy-efficient systems and technologies by industries across the world coupled with the introduction of new EMS by major stakeholders in the market. For instance, GE IEMS – a digital control system by General Electric offers monitoring of energy consumption, analysis of operational data, automated alerts and alarming, and system events meeting application and operational requirements.

Based on application, the market is categorized into energy generation, energy transmission, and energy monitoring. During the forecast period, the energy monitoring category is expected to witness significant growth in the market. Energy monitoring is the act of collecting real-time or interval energy data so that building resource consumption can be managed efficiently. The market is also witnessing the development of connected, intelligent devices, such as smart meters, smart sensors, and smart thermostats, further supporting the category’s growth.

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North America Held Significant Share in the Market in 2020

For a better understanding of the market adoption of the Energy Management System industry, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (Germany, U.K., France, Italy, Spain, and the Rest of Europe); Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific); and the Rest of World. In 2020, North America, accounted for a significant share in the market owing to high investment and active deployment of the advanced technologies in the region’s power grid sector. For instance, according to the IEA, in 2019, the United States surpassed China to lead in grid investment for the first time in ten years.

According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the global energy management system market are IBM Corporation, Rockwell Automation Inc., General Electric Co., Schneider Electric SE, Cisco Systems Inc., Tendril Networks Inc., Eaton Corporation, EnerNOC Inc., Elster Group GMBH, and SAP SE. Several M&A’s along with partnerships have been undertaken by these players to boost their presence in different regions.

“Global energy management system Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.   

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Market Segmentations:

1.      By Type (Building Energy Management System (BEMS), Industrial Energy Management Systems (IEMS), and Home Energy Management System (HEMS))

2.      By End-Users (Manufacturing, Power and Energy, IT and Telecommunication, Healthcare, and Others)

3.      By Application (Energy Generation, Energy Transmission, and Energy Monitoring)

4.      By Region (North America, Europe, Asia-Pacific, Rest of the World)

5.      By Company (IBM Corporation, Rockwell Automation Inc., General Electric Co., Schneider Electric SE, Cisco Systems Inc., Tendril Networks Inc., Eaton Corporation, EnerNOC Inc., Elster Group GMBH, and SAP SE)

Key questions answered in the study:

1.      What are the current and future trends of the global energy management system industry?

2.      How the industry has been evolving in terms of equipment and application?

3.      How the competition has been shaping across the countries followed by their comparative factorial indexing?

4.      What are the key growth drivers and challenges for the global energy management system industry?

5.      What is the customer orientation, purchase behavior, and expectations from the global energy management system suppliers across various region and countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET COVID-19 IMPACT

6 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET REVENUE (USD BN), 2019-2027F

7 MARKET INSIGHTS BY TYPE

8 MARKET INSIGHTS BY END-USERS

9 MARKET INSIGHTS BY APPLICATION

10 MARKET INSIGHTS BY REGION

11 ENERGY MANAGEMENT SYSTEM MARKET DYNAMICS

12 ENERGY MANAGEMENT SYSTEM MARKET OPPORTUNITIES

13 ENERGY MANAGEMENT SYSTEM MARKET TRENDS

14 DEMAND AND SUPPLY-SIDE ANALYSIS

15 VALUE CHAIN ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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