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North America Energy Tracking and Monitoring System Market Size, Share & Industry Analysis Report By Deployment (Cloud, and On-Premises), By Component (Hardware, Software, and Services), By Application (Industrial, Commercial, and Residential), By End-Use

Publisher Knowledge Based Value (KBV) Research
Published Mar 10, 2026
Length 194 Pages
SKU # KBV21035816

Description

The North America Energy Tracking and Monitoring System Market is expected to reach $7.82 billion by 2027 and would witness market growth of 6.4% CAGR during the forecast period (2025-2032).

The US market dominated the North America Energy Tracking and Monitoring System Market by Country in 2024, and would continue to be a dominant market till 2032; thereby, achieving a market value of $8,229.9 million by 2032. The Canada market is experiencing a CAGR of 9% during (2025 - 2032). Additionally, The Mexico market would exhibit a CAGR of 8.2% during (2025 - 2032). The US and Canada led the North America Energy Tracking and Monitoring System Market by Country with a market share of 79.2% and 10.5% in 2024.

The North American Energy Tracking and Monitoring System market has grown due to stricter federal energy efficiency rules, more companies promising to reduce their carbon emissions, and the implementation of more renewable portfolio standards. State-level renewable energy certificate (REC) registries were established following policy changes implemented with the assistance of agencies such as the U.S. Environmental Protection Agency and the U.S. Department of Energy. These registries set up structured ways to stop double-counting and make sure that renewable electricity markets are credible. As time went on, these systems became regional electronic registries that worked with advanced Energy Management Information Systems (EMIS). This made it possible to monitor consumption in real time, diagnose performance issues, and report to regulators. Digitalization, smart metering, and cloud-based analytics have made utilities, businesses, and government buildings much more open, compatible, and compliant with each other.

Some important trends in the market are the move toward more detailed, time-based tracking of energy attributes, the growth of advanced digital monitoring platforms, and better compliance integration driven by policy. More and more, businesses put interoperability, standardized frameworks like ISO 50001 and DOE's 50001 Ready program, and registry operations that are safer for cybersecurity at the top of their lists. This is to keep data safe and easy to audit. Competition is less about price and more about how advanced the technology is, how accurate the reporting is, how scalable the system is, and how well it can work with federal and state compliance platforms. In general, the market shows that policies are driving a digital ecosystem that values openness, efficiency, and trustworthy governance of carbon reduction.

Deployment Outlook

Based on Deployment, the market is segmented into Cloud, and On-Premises. Among various US Energy Tracking and Monitoring System Market by Deployment; The Cloud market achieved a market size of USD $3372.6 Million in 2024 and is expected to grow at a CAGR of 5.3 % during the forecast period. The On-Premises market is predicted to experience a CAGR of 6.4% throughout the forecast period from (2025 - 2032).

Component Outlook

Based on Component, the market is segmented into Hardware, Software, and Services. The Hardware market segment dominated the Canada Energy Tracking and Monitoring System Market by Component is expected to grow at a CAGR of 8.3 % during the forecast period thereby continuing its dominance until 2032. Also, The Services market is anticipated to grow as a CAGR of 9.8 % during the forecast period during (2025 - 2032).

Country Outlook

The market for the United States Energy Tracking and Monitoring System is very advanced. This is due to efforts to modernize the grid, expand renewable energy, and strong regulatory oversight from groups like the Federal Energy Regulatory Commission and the North American Electric Reliability Corporation. Smart meters, AMI, and SCADA systems are now widely used, which has improved real-time visibility in utilities, factories, office buildings, and data centers. The U.S. Department of Energy and other federal programs are speeding up the use of advanced monitoring platforms that can handle distributed energy resources and load variability. These platforms are needed to meet grid resilience and decarbonization goals. The market is very focused on innovation, as seen by the use of IoT sensors, AI-driven analytics, cloud-based platforms, and digital substations. Schneider Electric, Siemens, Honeywell, GE Grid Solutions, and Eaton are some of the biggest technology companies in the world. They are at the top of the competitive landscape, which means that technology will keep getting better and companies will work together strategically across the energy value chain.

List of Key Companies Profiled
  • Honeywell International, Inc.
  • Schneider Electric SE
  • Siemens AG
  • ABB Ltd.
  • Johnson Controls International PLC
  • General Electric Company
  • Eaton Corporation plc
  • Cisco Systems, Inc.
  • IBM Corporation
  • Rockwell Automation, Inc.
North America Energy Tracking and Monitoring System Market Report Segmentation

By Deployment
  • Cloud
  • On-Premises
By Component
  • Hardware
  • Software
  • Services
By Application
  • Industrial
  • Commercial
  • Residential
By End-User
  • Manufacturing
  • Energy & Utilities
  • Healthcare
  • Transportation
  • Other End-User
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

194 Pages
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Energy Tracking and Monitoring System Market, by Deployment
1.4.2 North America Energy Tracking and Monitoring System Market, by Component
1.4.3 North America Energy Tracking and Monitoring System Market, by Application
1.4.4 North America Energy Tracking and Monitoring System Market, by End-User
1.4.5 North America Energy Tracking and Monitoring System Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
Chapter 4. Market Trends
Chapter 5. State of Competition
Chapter 6. Market Consolidation
Chapter 7. Key Customer Criteria
Chapter 8. Product Life Cycle
Chapter 9. Value Chain Analysis of Energy Tracking and Monitoring System Market
Chapter 10. Competition Analysis - Global
10.1 KBV Cardinal Matrix
10.2 Recent Industry Wide Strategic Developments
10.2.1 Partnerships, Collaborations and Agreements
10.2.2 Product Launches and Product Expansions
10.2.3 Acquisition and Mergers
10.3 Market Share Analysis, 2024
10.4 Top Winning Strategies
10.4.1 Key Leading Strategies: Percentage Distribution (2021-2025)
10.4.2 Key Strategic Move: (Partnerships, Collaborations & Agreements: 2023, Jun – 2025, Apr) Leading Players
10.5 Porter Five Forces Analysis
Chapter 11. North America Energy Tracking and Monitoring System Market by Deployment
11.1 North America Cloud Market by Country
11.2 North America On-Premises Market by Country
Chapter 12. North America Energy Tracking and Monitoring System Market by Component
12.1 North America Hardware Market by Country
12.2 North America Software Market by Country
12.3 North America Services Market by Country
Chapter 13. North America Energy Tracking and Monitoring System Market by Application
13.1.1.1 North America Industrial Market by Country
13.2 North America Commercial Market by Country
13.3 North America Residential Market by Country
Chapter 14. North America Energy Tracking and Monitoring System Market by End-User
14.1 North America Manufacturing Market by Country
14.2 North America Energy & Utilities Market by Country
14.3 North America Healthcare Market by Country
14.4 North America Transportation Market by Country
14.5 North America Other End-User Market by Country
Chapter 15. North America Energy Tracking and Monitoring System Market by Country
15.1 US Energy Tracking and Monitoring System Market
15.1.1 US Energy Tracking and Monitoring System Market by Deployment
15.1.2 US Energy Tracking and Monitoring System Market by Component
15.1.3 US Energy Tracking and Monitoring System Market by Application
15.1.4 US Energy Tracking and Monitoring System Market by End-User
15.2 Canada Energy Tracking and Monitoring System Market
15.2.1 Canada Energy Tracking and Monitoring System Market by Deployment
15.2.2 Canada Energy Tracking and Monitoring System Market by Component
15.2.3 Canada Energy Tracking and Monitoring System Market by Application
15.2.4 Canada Energy Tracking and Monitoring System Market by End-User
15.3 Mexico Energy Tracking and Monitoring System Market
15.3.1 Mexico Energy Tracking and Monitoring System Market by Deployment
15.3.2 Mexico Energy Tracking and Monitoring System Market by Component
15.3.3 Mexico Energy Tracking and Monitoring System Market by Application
15.3.4 Mexico Energy Tracking and Monitoring System Market by End-User
15.4 Rest of North America Energy Tracking and Monitoring System Market
15.4.1 Rest of North America Energy Tracking and Monitoring System Market by Deployment
15.4.2 Rest of North America Energy Tracking and Monitoring System Market by Component
15.4.3 Rest of North America Energy Tracking and Monitoring System Market by Application
15.4.4 Rest of North America Energy Tracking and Monitoring System Market by End-User
Chapter 16. Company Profiles
16.1 Honeywell International, Inc.
16.1.1 Company Overview
16.1.2 Financial Analysis
16.1.3 Segmental and Regional Analysis
16.1.4 Research & Development Expenses
16.1.5 Recent strategies and developments:
16.1.5.1 Partnerships, Collaborations, and Agreements:
16.1.5.2 Acquisition and Mergers:
16.1.6 SWOT Analysis
16.2 Schneider Electric SE
16.2.1 Company Overview
16.2.2 Financial Analysis
16.2.3 Segmental and Regional Analysis
16.2.4 Research & Development Expense
16.2.5 Recent strategies and developments:
16.2.5.1 Partnerships, Collaborations, and Agreements:
16.2.5.2 Product Launches and Product Expansions:
16.2.5.3 Acquisition and Mergers:
16.2.5.4 Geographical Expansions:
16.2.6 SWOT Analysis
16.3 Siemens AG
16.3.1 Company Overview
16.3.2 Financial Analysis
16.3.3 Segmental and Regional Analysis
16.3.4 Research & Development Expense
16.3.5 Recent strategies and developments:
16.3.5.1 Partnerships, Collaborations, and Agreements:
16.3.6 SWOT Analysis
16.4 ABB Ltd.
16.4.1 Company Overview
16.4.2 Financial Analysis
16.4.3 Segmental and Regional Analysis
16.4.4 Research & Development Expense
16.4.5 Recent strategies and developments:
16.4.5.1 Partnerships, Collaborations, and Agreements:
16.4.5.2 Acquisition and Mergers:
16.4.6 SWOT Analysis
16.5 Johnson Controls International PLC
16.5.1 Company Overview
16.5.2 Financial Analysis
16.5.3 Segmental & Regional Analysis
16.5.4 Research & Development Expenses
16.5.5 Recent strategies and developments:
16.5.5.1 Partnerships, Collaborations, and Agreements:
16.5.6 SWOT Analysis
16.6 General Electric Company
16.6.1 Company Overview
16.6.2 Financial Analysis
16.6.3 Segmental and Regional Analysis
16.6.4 Research & Development Expense
16.6.5 Recent strategies and developments:
16.6.5.1 Product Launches and Product Expansions:
16.6.6 SWOT Analysis
16.7 Eaton Corporation PLC
16.7.1 Company Overview
16.7.2 Financial Analysis
16.7.3 Segmental and Regional Analysis
16.7.4 Research & Development Expense
16.7.5 Recent strategies and developments:
16.7.5.1 Partnerships, Collaborations, and Agreements:
16.7.5.2 Acquisition and Mergers:
16.7.6 SWOT Analysis
16.8 Cisco Systems, Inc.
16.8.1 Company Overview
16.8.2 Financial Analysis
16.8.3 Regional Analysis
16.8.4 Research & Development Expense
16.8.5 Recent strategies and developments:
16.8.5.1 Partnerships, Collaborations, and Agreements:
16.8.6 SWOT Analysis
16.9 IBM Corporation
16.9.1 Company Overview
16.9.2 Financial Analysis
16.9.3 Regional & Segmental Analysis
16.9.4 Research & Development Expenses
16.9.5 Recent strategies and developments:
16.9.5.1 Acquisition and Mergers:
16.9.6 SWOT Analysis
16.1 Rockwell Automation, Inc.
16.10.1 Company Overview
16.10.2 Financial Analysis
16.10.3 Segmental and Regional Analysis
16.10.4 Research & Development Expenses
16.10.5 Recent strategies and developments:
16.10.5.1 Partnerships, Collaborations, and Agreements:
16.10.6 SWOT Analysis

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