Energy Management Systems Market Demand, Size, Share, Key Players, Revenue, Overview, and Forecast 2023 to 2031

The global energy management systems market size is expected to reach $62.3 billion by 2023, from $25.9 billion in 2016, growing at a CAGR of 13.5% during the forecast period. Energy management systems allow organizations to collect information related to energy consumption through monitoring, assessing, and visualizing energy consumption. Honeywell International Inc., Johnson Controls International PLC, Schneider Electric S.E., Siemens AG, and Yokogawa Electric Corporation, and General Electric Company are some of the leading key players of the global energy management systems market.

The demand for energy management systems is on a rapid increase, as these systems help reduce energy cost and increase productivity. Moreover, the government regulations toward energy efficiency have raised the demand for energy management products. Further, the development of public utilities, infrastructure through application of smart solution under the Smart Cities projects is also expected to drive the growth of EMS market in the coming years. However, financial barriers, limited expertise, and fragmented stakeholders are some of the key challenges which hinder the growth of the energy management systems market.

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The passage highlights the trend of governmental organizations increasing their maintenance budgets for system infrastructure while also investing in initiatives for project development, modernization, and enhancement. This has led to the success of investments and an increase in the annual funding set aside by ICT vendors for the growth of the online market. The passage also mentions the anticipated increase in global ICT exports, which are expected to rise by an average of 3.9% yearly from US$ 784.3 billion in 2021 to US$ 955.19 billion in 2030. The global supply of ICT has increased by 9.5% yearly since 2009.

In terms of global ICT exports in 2021, Ireland ranked first with US$ 169.32 billion, followed by the United States at number 2, India at number 3, and China at number 4. The passage also notes the significant increase in Brunei’s global ICT exports by 228.2% year over year since 2009, while Sierra Leone’s global ICT exports have decreased by 61.7% year over year in the same period. Overall, the passage highlights the growth and potential of the global ICT market, driven by increased investments and funding for infrastructure and project development.

It seems that the ICT industry in Europe is predicted to experience moderate growth in the coming years, with an annual increase of 1.5% expected from 2021 to 2026. Germany currently holds the top position in terms of ICT revenue in Europe, followed by the United Kingdom, France, and Ireland. It’s interesting to note that while some countries like Malta have experienced significant growth in the ICT industry since 2016, others like Italy have seen a slight decline. This information can be useful for businesses and investors looking to enter or expand in the European ICT market.

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On the basis of offerings, it is classified into services and systems. Based on components, the global energy management systems market is classified into sensor, controller, software, and others. The end-user industry is divided into residential and commercial segment. The global energy management systems market is analyzed across North America (U.S., Canada & Mexico), Europe (UK, Germany, France, and others), Asia-Pacific (China, India, Japan, & others), and LAMEA (Latin America, Middle East & Africa). In 2016, North America was the highest contributor to the energy management systems market and is anticipated to secure the leading position during the forecast period, owing to rapid technological development, innovation, and economic conditions.

KEY MARKET PLAYERS

C3 Energy
Delta Electronics, Inc.
DEXMA
General Electric Company
GridPoint Inc.
Honeywell International Inc.
Johnson Controls International plc
Schneider Electric S.E.
Siemens AG
Yokogawa Electric Corporation

KEY MARKET SEGMENTS

By Offering

System
Service

By Component

Sensor
Controller
Software
Others

By Service

Monitoring & Control
Implementation & Integration
Maintenance
Consulting & Training

By Type

Home Energy Management System
Building Energy Management System
Industrial Energy Management System

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By End User

Residential
Commercial

By Market Vertical

Power & Energy
Telecom & IT
Manufacturing
Enterprise
Healthcare
Others

By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa

Table of Content:

  • Report Overview
  • Global Growth Trends
  • Competition Landscape by Key Players
  • Data Segments
  • North America Market Analysis
  • Europe Market Analysis
  • Asia-Pacific Market Analysis
  • Latin America Market Analysis
  • Middle East & Africa Market Analysis
  • Key Players Profiles Market Analysis
  • Analysts Viewpoints/Conclusions
  • Appendix

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