IMARC Group’s latest research report, titled “Energy Management System Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027,” offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends, and competitive landscape to understand the current and future market scenarios.
The global energy management system market size reached US$ 41.66 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 92.13 Billion by 2027, exhibiting a growth rate (CAGR) of 13.40% during 2022-2027.
An energy management system (EMS) is a system of computer-aided tools used by operators of utility grids to control, monitor and optimize the performance of the transmission or generation systems. Some common types of EMS are home, building and industrial. It contains various components, including consumption monitors, a monitoring control app, a smart panel and smart circuits.
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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation by component, type, application, end user and region.
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape for Energy Management System Market
- Strategies of major players and product offerings
One of the primary factors driving the market is the extensive usage of energy management systems in residential buildings to control and monitor the energy needs and enhance the overall performance and energy efficiency of the buildings. Additionally, the escalating demand for EMS in enterprises to lower greenhouse gas emissions and reduce operational costs is propelling the market growth.
Besides this, the rising awareness amongst the masses regarding optimization and energy efficiency on account of the increasing energy consumption is another major growth-inducing factor. Moreover, the implementation of several government initiatives emphasizing sustainable energy usage and the rapid development of smart cities are also creating a positive market outlook.
Key Players Included in Global Research Report:
- C3.ai Inc.
- Delta Electronics Inc.
- Eaton Corporation PLC
- Emerson Electric Co.
- General Electric Company
- Honeywell International Inc.
- Johnson Controls International PLC
- Rockwell Automation Inc.
- Schneider Electric SE
- Siemens AG
- Toshiba Corporation
- Yokogawa Electric Corporation.
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COVID-19 Impact Overview:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Breakup by Component:
Breakup by Type:
- Home Energy Management Systems
- Building Energy Management Systems
- Industrial Energy Management Systems
The Breakup by Application:
- Energy Generation
- Energy Transmission
- Energy Monitoring
Breakup by End User:
- Energy and Utilities
- IT and Telecommunication
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
TOC for the Energy Management System Market Research Report:
- Scope and Methodology
- Executive Summary
- Global Energy Management System Market
- SWOT Analysis
- Value Chain Analysis
- Price Analysis
- Competitive Landscape
Who we are:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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