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Energy Management System Market Size, Share, and Analysis, By Component (Hardware, Software, and Services), By System Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), By Application (Automati

Publisher Fatpos Global
Published Jan 01, 2024
Length 371 Pages
SKU # FAGL18641274

Description

Energy Management System Market Size, Share, and Analysis, By Component (Hardware, Software, and Services), By System Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), By Application (Automation, Energy Distribution, e-Mobility, and Others), By End-User Industry (Oil & Gas, Manufacturing, Energy & Utilities, Automotive, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034


Energy Management System Market Size, Share, and Analysis, By Component (Hardware, Software, and Services), By System Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), By Application (Automation, Energy Distribution, e-Mobility, and Others), By End-User Industry (Oil & Gas, Manufacturing, Energy & Utilities, Automotive, Healthcare, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

PRODUCT OVERVIEW

Energy Management System Market is expected to exhibit a Compound Annual Growth Rate (CAGR) of 12.4% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 38.8 billion and is projected to reach USD 140.5 billion by the conclusion of 2034.

Energy Management System (EMS) is a comprehensive framework for monitoring, regulating, and optimizing energy consumption in various settings such as buildings, industries, or organizations. It involves the integration of hardware, software, and services in order to manage energy resources efficiently. Energy Management System consist of real-time energy consumption monitoring, data analysis to identify patterns, and the implementation of strategies aimed at reducing the wastage of energy and finances. Additionally, these critical systems include components such as automated control systems, sensors, and advanced data collection & analysis software. EMS facilitates informed decision-making by utilizing technologies such as IoT devices and analytics to regulate energy consumption, manage increasing demands, and improve energy efficiency in multiple operations. Therefore, an effective energy management system reduces energy expenses, while contributing to environmental sustainability by encouraging energy conservation and the adoption of healthy environmental practices.

MARKET HIGHLIGHTS

Energy Management System Market is projected to achieve USD 140.5 billion, showcasing a significant Compound Annual Growth Rate (CAGR) of 12.4% during the forecast period, owing to global concerns regarding energy conservation and the increase in the adoption of smart grid technology. The EMS market has experienced substantial growth due to government regulations aimed at reducing carbon footprints and a collective push toward sustainability. The integration of modern technologies like IoT, cloud computing, and big data analytics into energy management systems are some of the major factors driving this market expansion. Additionally, industries, commercial spaces, and residential sectors are increasingly utilizing energy management system to optimize their energy usage, minimize operational costs, and comply with regulatory standards. Furthermore, the global transition toward renewable energy sources and increasing number of smart city initiatives have advanced the expansion of energy management system market.

Energy Management System Market Segments:
  • By System Type
  • Home Energy Management Systems
  • Building Energy Management Systems
  • Industrial Energy Management Systems
  • By Application
  • Automation
  • Energy Distribution
  • e-Mobility
  • Others
  • By Component
  • Hardware
  • Software
  • Services
  • By End User Industry
  • Oil & Gas
  • Manufacturing
  • Energy & Utilities
  • Automotive
  • Healthcare
  • Others
MARKET DYNAMICS

Growth Drivers

Increased Emphasis on Energy Efficiency Will Drive Market Growth

Growing Adoption of Smart Technologies and IoT Will Create Growth Opportunities

Restraint

Financial, Technical, and Awareness Barriers May Stall Market Expansion

Key Players
  • Siemens AG
  • Schneider Electric SE
  • Honeywell International Inc.
  • Johnson Controls International plc
  • ABB Ltd
  • General Electric Company
  • Eaton Corporation
  • IBM Corporation
  • Cisco Systems, Inc.
  • Mitsubishi Electric Corporation
  • Rockwell Automation, Inc.
  • Schneider Electric
  • Yokogawa Electric Corporation
  • Emerson Electric Co.
  • C3.ai, Inc.
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)
Global Laboratory Temperature Control Units Market is further segmented by region into:
  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA
Reasons to Purchase this Report
  • Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
  • Provision of market value (USD Billion) data for each segment and sub-segment
  • Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
  • Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
  • Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
  • Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
  • The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
  • Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
  • Provides insight into the market through Value Chain
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • 3-month post-sales analyst support.
*Please Note: The report will be delivered in 4-5 business days upon order confirmation*

Table of Contents

371 Pages
1 Executive Summary
1.1. Regional Market Share
1.2 Business Trends
1.3. Energy Management System Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2. Research Methodology
2.1 Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4 Primary Research
2.5 Secondary Research
2.5.1 Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3. Market Characteristics
3.1 Market Definition
3.2 Energy Management System Market: COVID-19 Impact
3.3. Key Segmentations
3.4 Key Developments
3.5 Allied Industry Data
4 Energy Management System Market – Industry Insights
4.1. Industry Segmentation
4.2 COVID-19 overview on world economy
4.3 Industry ecosystem Channel analysis
4.4 Innovation & Sustainability
5. Macroeconomic Indicators
6. Recent Developments
7. Market Dynamics
7.1 Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4 Market Restraints
7.5. Market Trends
8 Risk Analysis
9. Market Analysis
9.1 Porters Five Forces
9.2. PEST Analysis
9.2.1 Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 Energy Management System Market
10.1 Overview
10.2. Historical Analysis (2019-2022)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11. Energy Management System Market Size & Forecast 2024 A-2034 F
11.1. Overview
11.2 Key Findings
11.3 Market Segmentation
11.3.1 By System Type
11.3.1.1. Home Energy Management Systems
11.3.1.1.1 By Value (USD Million) 2024-2034 F
11.3.1.1.2. Market Share (%) 2024-2034 F
11.3.1.1.3. Y-o-Y Growth (%) 2024-2034 F
11.3.1.2 Building Energy Management Systems
11.3.1.2.1. By Value (USD Million) 2024-2034 F
11.3.1.2.2 Market Share (%) 2024-2034 F
11.3.1.2.3 Y-o-Y Growth (%) 2024-2034 F
11.3.1.3 Industrial Energy Management Systems
11.3.1.3.1. By Value (USD Million) 2024-2034 F
11.3.1.3.2 Market Share (%) 2024-2034 F
11.3.1.3.3 Y-o-Y Growth (%) 2024-2034 F
11.3.2. By Application
11.3.2.1 Automation
11.3.2.1.1. By Value (USD Million) 2024-2034 F
11.3.2.1.2 Market Share (%) 2024-2034 F
11.3.2.1.3 Y-o-Y Growth (%) 2024-2034 F
11.3.2.2. Energy Distribution
11.3.2.2.1 By Value (USD Million) 2024-2034 F
11.3.2.2.2. Market Share (%) 2024-2034 F
11.3.2.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.2.3. E-Mobility
11.3.2.3.1 By Value (USD Million) 2024-2034 F
11.3.2.3.2. Market Share (%) 2024-2034 F
11.3.2.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.2.4. Others
11.3.2.4.1 By Value (USD Million) 2024-2034 F
11.3.2.4.2. Market Share (%) 2024-2034 F
11.3.2.4.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3 By Component
11.3.3.1 Hardware
11.3.3.1.1. By Value (USD Million) 2024-2034 F
11.3.3.1.2 Market Share (%) 2024-2034 F
11.3.3.1.3 Y-o-Y Growth (%) 2024-2034 F
11.3.3.2. Software
11.3.3.2.1 By Value (USD Million) 2024-2034 F
11.3.3.2.2. Market Share (%) 2024-2034 F
11.3.3.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.3.3. Services
11.3.3.3.1 By Value (USD Million) 2024-2034 F
11.3.3.3.2. Market Share (%) 2024-2034 F
11.3.3.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4 By End-User Industry
11.3.4.1 Oil & Gas
11.3.4.1.1. By Value (USD Million) 2024-2034 F
11.3.4.1.2 Market Share (%) 2024-2034 F
11.3.4.1.3 Y-o-Y Growth (%) 2024-2034 F
11.3.4.2. Manufacturing
11.3.4.2.1 By Value (USD Million) 2024-2034 F
11.3.4.2.2. Market Share (%) 2024-2034 F
11.3.4.2.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.3. Energy & Utilities
11.3.4.3.1 By Value (USD Million) 2024-2034 F
11.3.4.3.2. Market Share (%) 2024-2034 F
11.3.4.3.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.4 Automotive
11.3.4.4.1 By Value (USD Million) 2024-2034 F
11.3.4.4.2. Market Share (%) 2024-2034 F
11.3.4.4.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.5. Healthcare
11.3.4.5.1 By Value (USD Million) 2024-2034 F
11.3.4.5.2. Market Share (%) 2024-2034 F
11.3.4.5.3. Y-o-Y Growth (%) 2024-2034 F
11.3.4.6. Others
11.3.4.6.1 By Value (USD Million) 2024-2034 F
11.3.4.6.2. Market Share (%) 2024-2034 F
11.3.4.6.3. Y-o-Y Growth (%) 2024-2034 F
12 North America Energy Management System Market Size & Forecast 2024 A-2034 F
12.1 Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1 By System Type
12.3.2. By Application
12.3.3. By Component
12.3.4. By End-User Industry
12.4. Country
12.4.1. United States
12.4.2. Canada
13 Europe Energy Management System Market Size & Forecast 2024 A-2034 F
13.1 Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1 By System Type
13.3.2. By Application
13.3.3. By Component
13.3.4. By End-User Industry
13.4 Country
13.4.1 Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Italy
13.4.5. Spain
13.4.6. Russia
13.4.7. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 Asia-Pacific Energy Management System Market Size & Forecast 2024 A-2034 F
14.1. Overview
14.2. Key Findings
14.3 Market Segmentation
14.3.1 By System Type
14.3.2. By Application
14.3.3. By Component
14.3.4. By End-User Industry
14.4. Country
14.4.1 India
14.4.2. China
14.4.3. South Korea
14.4.4 Japan
14.4.5 Rest of APAC
15 Middle East and Africa Energy Management System Market Size & Forecast 2024 A-2034 F
15.1 Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1 By System Type
15.3.2. By Application
15.3.3. By Component
15.3.4. By End-User Industry
15.4 Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4 South Africa
15.4.5. Rest of Middle East and Africa
16. Latin America Energy Management System Market Size & Forecast 2024 A-2034 F
16.1 Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1 By System Type
16.3.2. By Application
16.3.3. By Component
16.3.4. By End-User Industry
16.4 Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17. Competitive Landscape
17.1 Company market share, 2023
17.2. Key player overview
17.3. Key stakeholders
18. Company Profiles
18.1. Siemens AG
18.1.1 Company Overview
18.1.2 Financial Overview
18.1.3 Key Product; Analysis
18.1.4 Company Assessment
18.1.4.1 Product Portfolio
18.1.4.2 Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Schneider Electric SE
18.3. Honeywell International Inc.
18.4. Johnson Controls International plc
18.5. ABB Ltd
18.6. General Electric Company
18.7. Eaton Corporation
18.8. IBM Corporation
18.9. Cisco Systems, Inc.
18.10 Mitsubishi Electric Corporation
18.11 Rockwell Automation, Inc.
18.12. Schneider Electric
18.13. Yokogawa Electric Corporation
18.14 Emerson Electric Co.
18.15. C3 ai, Inc.
18.16. Other Prominent Players
19. Appendix
20 Consultant Recommendation

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