April 2023: Following the successful installation of gas turbines in Colorado, GE (NYSE: GE) announced today that new options for further emission reduction technologies are now available for its LM25000XPRESS aeroderivative gas turbine fleet worldwide.
February 2023: Siemens AG announced the partnership with EnergyHub in order to expand its ecosystem of partners for its grid software business.
Author Credits: Payel Roy, Dhruv Bhatia
Report ID: 4860
Published Date: Apr 28, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Increasing installation of smart meters, growing awareness related to smart buildings, and rising energy price volatility are the major factors driving the market growth.
The market size of energy management systems is anticipated to attain a CAGR of ~17.2% over the forecast period, i.e., 2023-2035.
Slow government procedures and paperwork for switching to smart grid, lack of awareness regarding adoption of renewable energy infrastructure in developing countries are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are IBM Corporation, Cisco Systems, Inc., Honeywell International, Inc., General Electric Company, ABB Ltd, Siemens AG, Hitachi, Ltd., Emerson Electric Co, Eaton, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by applications, type, component, end users, and by region.
The home segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.