Energy Management Systems Market | Size | Outlook (2018-2023)
Energy Management Systems Market - Segmented by Type of Energy (HEMS, BEMS, IEMS), End user (Manufacturing, Power & Energy, IT & Telecommunications), Application (Energy Generation, Energy Transmission, Energy Distribution), Components (Hardware, Software, Services) and Geography - Growth, Trends and Forecasts (2019 - 2024)


MAR 2018

Energy Management Systems Market - Segmented by Type of Energy (HEMS, BEMS, IEMS), End user (Manufacturing, Power & Energy, IT & Telecommunications), Application (Energy Generation, Energy Transmission, Energy Distribution), Components (Hardware, Software, Services) and Geography - Growth, Trends and Forecasts (2019 - 2024)

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Energy Management Systems Market

The global energy management systems market was valued at USD 22.96 billion in 2017 and is expected to reach a value of USD 49.35 billion by 2023 at a CAGR of 13.78% over the forecast period, 2018-2023. The scope of the report is limited to solutions offered by major players, including providers of hardware, software, and services. While the regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes on the measures adopted by the industries in the market toward energy management.

Owing to the increasing use of smart grid services, growing competition among industrial enterprises, and supporting government policies and incentives associated with energy efficiency, the market is expected to witness considerable growth in the future. Currently, the world faces the problem of energy security and inefficient access to electricity because of which various initiatives are being taken to effectively manage the energy sources. Due to the increasing environmental concerns regarding extinction of conventional energy sources, it is necessary to shift toward the use of renewable energy sources. These concerns call for efficient energy management, which has prompted many countries to generate electricity through renewable sources. China emerged as the leader in the installed renewable energy capacity industry in 2016, with a combined capacity of 545.21 gigawatt. However, lack of skilled personnel challenges the market from growing exponentially.   

Increasing Usage of Smart Grids Will Drive the Energy Management Systems Market Growth

In an increasingly complex world, fazed by a robust energy demand and aging electricity infrastructure, the implementation of a smart grid is crucial in making worldwide energy supply more reliable, energy-efficient, and sustainable as it monitors, measures, and manages the transport of electricity. Further, smart grids are an essential element for expanding the use of some technologies, such as electric vehicles and renewable energy sources, such as wind energy, geothermal power, and solar heat and power. Moreover, the combination of power grids with 5G technology will offer growth opportunities to the market. The companies are examining use cases of the emerging 5G technology in the power grid, as part of the 5Grid project in Berlin, for studying the impact of 5G on the energy sector. The smart grid projects are increasingly being funded by the governments, to develop a sustainable solution for the growing energy demands across the globe. For instance, in the United States, companies, like Honeywell, General Electric, Trilliant Networks, and Itron, have received funding between USD 60 and 300 million. Thus, the smart grid expenditure in the country has consistently increased over the past four years, a trend which is expected to continue over the forecast period.

                      Energy Management Systems Market

Manufacturing Industry Will Account for a Significant Share

The manufacturing centers have equipment installed that run continuously, critical to the plant operations. The industries are making efforts to optimize their carbon footprint by using energy management systems. The companies are under pressure to implement energy management systems because of the strict regulations regarding the control of environmental emissions. The customers in the market are also growing sensitive to the products they use, and changing preferences toward eco-friendly products, which is also expected to encourage the growth of the energy management systems in the industry. Energy management systems are present in the market for specific needs of the manufacturing industry that will help them either use less energy or not emit harmful gases into the environment. With the electricity prices increasing worldwide, the companies have started implementing these systems to gain a better control over energy use and spend.         

                           Energy Management Systems Market

North America is Expected to Lead the Energy Management Systems Market with the Largest Share

North American market will be driven by the increasing number of smart buildings, green infrastructure, rising energy demands, and adoption of EMS across various verticals, such as manufacturing, energy & power, and construction, primarily in the United States and Canada. North America is a huge manufacturing hub, and the usage of energy increases, especially in sectors, like steel manufacturing, paper, automotive, and chemical. Moreover, an increase in the usage of EMS is expected because of the increasing regulations and policies enforced by the U.S. DOE and related agencies in North America. Because of stringent norms by DOE in the U.S., more companies are expected to start using EMS to reduce emissions. With the electricity rates increasing in the region, the companies will start using these systems to produce their electricity to power their manufacturing centers.

Key Developments in the Energy Management Systems Market

  • August 2017 - Aclara, which is a leading supplier of smart infrastructure solutions to electric, gas and water utilities, had acquired GE's majority equity position in General Electric Philippines Meter and Instrument Co. With this acquisition, Aclara acquired majority equity position in this joint venture by enhancing their global market leadership, as it helped them expand their international footprint into the growing ASEAN and APAC markets. This development further strengthened their ability to offer next-generation smart meters through a broad meter portfolio.
  • April 2017 - ABB and IBM collaborated in industrial artificial intelligence solutions. ABB and IBM applied Watson’s capabilities to predict supply patterns in electricity generation and demand from historical and weather data, to enable utilities to optimize the operation and maintenance of the existing smart grids, which are facing increased complexity created by the new balance of conventional, as well as renewable power sources.
  • February 2017 - Schneider Electric collaborated with ENGIE, to digitize the energy sector. This joint initiative was taken to explore and deploy new digital solutions for improving the operational efficiency of renewable assets, such as solar PV and wind, leveraging Supervisory Control and Data Acquisition (SCADA) related application software powered by Schneider Electric’s Wonderware brand. This partnership also demonstrated ENGIE’s desire to accelerate its digitization globally to lead the energy transition.

Energy Management Systems Market Major Players: IBM Corporation, Rockwell Automation Inc., Siemens AG, Schneider Electric Co., Cisco Systems, Eaton Corporation, Honeywell International Inc., CA Technologies, SAP and General Electric Co. Other players include Tendril, EnerNOC Inc., and Elster Group. 

Reasons to Purchase Energy Management Systems Market Report

  • Impact of opportunities offered by smart cars, smart cities, and smart infrastructure initiatives
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Growth of various hardware products, such as sensors and controllers
  • Regional analysis of the market
  • Identify the latest developments, market shares and strategies employed by major market players.
  • Three months of analyst support, along with the Market Estimate sheet (in excel)

Customization of Energy Management Systems Market Report

  • This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.                 

1. Introduction

                1.1 Scope of the Study

2. Research Approach and Methodology

                2.1 Study Deliverables

                2.2 Study Assumptions

                2.3 Analysis Methodology

                2.4 Research Phases

3. Executive Summary

4. Market Dynamics

                4.1 Market Overview

                4.2 Market Drivers

                               4.2.1 Increasing Usage Of Smart Grids and Smart Meters

                               4.2.2 Rising Investments in Energy Efficiency

                4.3 Market Restraints

                                4.3.1 High Installation and Maintenance Costs

                                4.3.2 Lack of Skilled Workforce

                4.4 Value Chain Analysis

                4.5 Industry Attractiveness – Porter's Five Industry Forces Analysis

                                4.5.1 Bargaining Power of Suppliers

                                4.5.2 Bargaining Power of Consumers

                                4.5.3 Threat of New Entrants

                                4.5.4 Threat of Substitutes

                                4.5.5 Intensity of Competitive Rivalry

5. Segmentation By Type of EMS

                                5.1.1 Building Energy Management Systems (BEMS)

                                5.1.2 Industrial Energy Management Systems (IEMS)

                                5.1.3 Home Energy Management Systems (HEMS)

6. Segmentation By End User

                6.1 Manufacturing      

                6.2 Power & Energy

                6.3 IT & Telecommunications

                6.4 Healthcare

                6.5 Others

7. Segmentation By Application

                7.1 Energy Generation

                7.2 Energy Transmission

                7.3 Energy Monitoring

8. Segmentation By Component

               8.1 Hardware

               8.2 Software

               8.3 Services

9. Segmentation By Geography

               9.1 North America 

                                9.1.1 United States Energy 

                                9.1.2 Canada 

                 9.2 Europe 

                                9.2.1 United Kingdom

                                9.2.2 Germany

                                9.2.3 France

                                9.2.4 Spain

                                9.2.5 Others                

                   9.3 Asia-Pacific 

                                 9.3.1 China

                                9.3.2 India

                                9.3.3 Japan

                                9.3.4 South Korea

                                9.3.5 Others

                   9.4 Latin America 

                               9.4.1 Brazil

                              9.4.2 Argentina

                              9.4.3 Mexico

                              9.4.4 Others

                    9.5 Middle East & Africa 

                              9.5.1 United Arab Emirates

                              9.5.2 Saudi Arabia

                              9.5.3 South Africa

                              9.5.4 Rest of Middle East & Africa

10. Competitive Intelligence – Company Profiles

                   10.1 IBM Corporation

                   10.2 Rockwell Automation Inc.

                   10.3 General Electric Company

                   10.4 Schneider Electric SE

                   10.5 Cisco Systems Inc.

                   ​​​​​​​10.6 Tendril Networks Inc.

                   ​​​​​​​​​​​​​​10.7 Eaton Corporation

                   ​​​​​​​​​​​​​​10.8 EnerNOC Inc.

                   ​​​​​​​​​​​​​​10.9 Elster Group GMBH

                   ​​​​​​​​​​​​​​10.10 SAP SE

                   10.11 Siemens AG

                  10.12 Honeywell International Inc.

                  10.13 CA Technologies

                   *List Not Exhaustive

11. Investment Analysis

12. Future of the Market

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