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Energy Management System Market : Global Demand Analysis & Opportunity Outlook 2021

Published On : December, 2018 REP-ID-19 Category: Energy & Power

Energy Management System Market Overview

An energy management system (EMS) is a computer supported tools used by machinists of electric efficacy networks to supervise, regulate and enhance the performance of the transmission or generation system.

An energy management system (EMS) also benefits to make the decision of data driven and supplements organization level operation and fiscal decisions.

Market Size and Forecast

The global energy management systems (EMS) market was valued at USD 25.48 billion in the year 2014 and is anticipated to reach USD 56.59 billion by 2022, expanding at a compound annual growth rate (CAGR) of 21.46%. North America accounted for 42% of total market income in the year 2014 and the region’s EMS market is projected to grow at a CAGR of 22.12% to reach $19.24 billion in the year 2021. Europe Energy Management Systems market is anticipated to grow at a CAGR of 22.58% to reach $18.36 billion in the year 2021.

Energy Management System Market

 Asia Pacific Energy Management System market is projected to grow at a CAGR of 29.81% to reach $15.54 billion in the year 2021.

Growth Drivers and challenges

Factors like increased productivity, looking for ways to minimize the operational cost, up-surged acceptance etc. have helped the Global Energy Management Systems (EMS) to expand its horizon. In addition to that, increased concerns over energy availability, limitations on access to energy in remote areas have drawn the business houses’ and governments’ attention to formulate strict policies on the efficient use of energy.

Limited expertise, High switching cost, slow process in government approvals and paper works are some of the major challenges for the global Energy Management System market.

Market Segmentation

By Product

On the basis of product type the global energy management system (EMS) market is segmented into:

  • Industrial Energy Management System (IEMS)
  • Home Energy Management System (HEMS)
  • Building Energy Management System (BEMS)

By Components

On the basis of components the global energy management system (EMS) market can be classified into:

  • Controllers
  • Sensors
  • Software
  • Other

By Vertical Outlook

On the basis of vertical outlook the global energy management system (EMS) market is segmented into:

  • Manufacturing
  • Power & Energy
  • Healthcare
  • Retail & offices
  • Telecom & IT
  • Others

By End User

On the basis of end user the global energy management system (EMS) market is segmented into:

  • Commercial
  • Residential

By Solutions

On the basis of solutions the global energy management system (EMS) market is segmented into:

  • Carbon And Energy Management
  • Utility Billing
  • Customer Information System
  • Demand Response Management

By Devices

On the basis of devices the global energy management system (EMS) market is segmented into:

  • In-House Display Device
  • Load Control Switches
  • Smart Thermostats
  • Smart Plugs

By Area of Management

On the basis of area of management the global energy management system (EMS) market is segmented into:

  • HVAC
  • Security/Fire
  • Lighting
  • Communications

By Region

On the basis of region the global energy management system (EMS) market is segmented into:

  • North America
  • Latin America
  • Western And Eastern Europe
  • Asia-Pacific
  • MEA (Middle East & Africa)
  • Row (Rest Of World)

Key Players

  • Schneider Electric
  • Johnson controls, Inc.
  • Siemens AG
  • Elster Energy
  • C3 Energy
  • Grid point, Inc
  • GE

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