Energy Management Systems Market Size Analysis - Market Share, Forecast Trends and Outlook Report 2025-2034

The global energy management systems market is likely to witness significant growth, reaching a value of about USD 63.45 Billion in 2024. The industry is further expected to grow at a CAGR of about 14.00% in the forecast period of 2025-2034 to reach a value of around USD 235.22 Billion by 2034.

Favourable Government Policies for Sustainable Energy Usage to Boost Energy Management Systems Industry

The increasing use of smart grids and smart meters is driving the market growth. With the increase in energy demand and ageing electricity infrastructure, governments across the globe are focusing on the modernization of energy grids by adopting smart grid solutions. Various governments are undertaking a modernisation drive to upgrade their power system. This is facilitating the demand for energy efficiency solutions, and consequently, the growth of energy management systems. Further, market drivers for the expansion of industry size include increasing adoption of smart grids, stringent government regulations to conserve energy, technological developments that help collect and monitor data usage. These are expected to boost market growth over the forecast period as well.

Energy Management Systems: Market Segmentation

An energy management system refers to a system of computer aided tools used by operators of electrical utility grids to monitor, control, and optimize the performance of the generation or transmission system.

By type, the market is divided into:

• Home EMS
• Building EMS
• Industrial EMS
• Others

On the basis of component, the market is divided into:

• Sensor
• Software
• Batteries
• Controller
• Display Devices
• Others

Based on solutions, the market is segmented into:

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

By Services, the market is divided into:

• Monitoring and Control
• Implementation and Integration
• Consulting and Training
• Maintenance

On the basis of industry, the market is categorised into:

• Manufacturing
• Power and Energy
• Telecom and IT
• Healthcare
• Retail
• Education
• Others

The regional markets for the product include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Technology Advancements to Boost the Market Growth of Energy Management Systems

The market growth of energy management systems (EMS) is being driven by the fluctuations in commercial energy prices, which are boosting the demand for energy efficient systems in daily industrial operations. The industrial energy management systems are expected to contribute maximum revenue share within the forecast period due to rising inclination towards achieving energy efficiency. Various market verticals are adopting energy management systems in the coming years, as a result, the EMS industry is expected to witness rapid growth in the forecast period. The emerging economies in Southeast Asia and the African region are predicted to offer attractive business opportunities for the EMS market players. This is expected to favour the market growth in the upcoming years. The rising technological advancements in various industries is expected to aid the market growth of energy management systems.

Key Industry Players in the Global Energy Management Systems Market

The report gives a detailed analysis of the following key players in the global energy management systems market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Mitsubishi Electric Corporation
• Delta Electronics, Inc.
• General Electric Company
• Schneider Electric SE
• ABB Ltd.
• Honeywell International Inc.
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

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