Market Share of Europe Energy Management Systems Industry
The European energy management systems market is fragemented. The market is home to many established vendors that compete with each other. Based on product innovations, multiple vendors operating in the market hold a significant market share. The market witnesses many partnerships, alliances, mergers, and acquisitions where vendors try to gain market share and technical capabilities. Additionally, the growing penetration of smart homes and supporting government initiatives have attracted several new players to the market. Some major players include Schneider Electric SE, Fibar Group SA (Nice SPA), Honeywell International Inc., Panasonic Corporation, and Enel X (Enel SpA).
- February 2023: Eaton has made an announcement in a pan-European research and innovation project aimed at creating a unified IT infrastructure for energy storage systems. The widespread adoption of energy storage is crucial in facilitating Europe's energy transition. Eaton's Energy Management System (EMS) has been specifically designed to enhance the performance of GreenMotion EV chargers, xStorage Compact battery packs, and photovoltaic panels. In collaboration with other EMS providers within the InterSTORE consortium, Eaton intends to closely examine the disparities and potential collaborations among their solutions.
- January 2023: Schneider Electric introduced Schneider Home, a first-of-its-kind home energy management solution for homeowners seeking savings, comfort, and energy independence. The solution also lets homeowners save money by enrolling in utility programs and qualifying for tax breaks.
Europe Energy Management Systems Market Leaders
Schneider Electric SE
Fibar Group SA (Nice SPA)
Honeywell International Inc.
Panasonic Corporation
Enel X (Enel SpA)
*Disclaimer: Major Players sorted in no particular order
