The global energy management systems market size was US$ 40.9 billion in 2021. The global energy management systems market is forecast to grow to US$ 131.5 billion by 2030 by registering a compound annual growth rate (CAGR) of 14.9% during the forecast period from 2022 to 2030.

The operators of electric utility grids use energy management systems to optimize, monitor, and control the performance of the generation. The technology offers real-time information on energy use to the organization. Moreover, the technology helps organizations monitor, assess, and visualize energy consumption.

Factors Influencing the Market

Energy management solutions are gaining significant traction as they help organizations increase productivity and reduce energy costs. Favourable government policies to conserve energy will also drive the demand for energy management systems during the study period.

Growing technological advancements and raising awareness about the benefits of implementing energy management systems will boost the growth of the market. On the contrary, the increasing use of traditional technology and applications may limit the market growth during the study period.

Increasing industrialization, majorly in developing countries, will benefit the energy management systems market as it requires a lot of power. Moreover, growing public awareness related to environmental sustainability will boost the growth of the energy management systems market during the forecast period.

COVID-19 Impact Analysis

The energy management systems market was growing at a rapid pace before the wake of the COVID-19 pandemic. The sudden onset of the COVID-19 pandemic disrupted the growth prospects of the market, and it witnessed a significant downfall. Due to the COVID-19 pandemic, the demand for energy management systems declined from heavy industries such as petroleum, coal, and natural gas. As a result, it hampered the growth of the overall market. Furthermore, lockdown restrictions limited the energy consumption in households, which resulted in a severe downfall of the market in the residential segment. The global energy management systems market may witness numerous growth opportunities as the governments ease lockdown.

Regional Analysis

On the basis of region, the Asia-Pacific energy management system market is forecast to emerge as the largest market. It is attributed to rising digitization and the massive data generated by IoT devices. Furthermore, the region's high population base and increasing energy needs will also contribute to the market growth. A high carbon footprint in the region, combined with stringent government regulations, will force organizations to shift to energy management systems. As a result, it will drive the energy management systems market forward.

Competitors in the Market

Siemens AG
Yokogawa electric corporation
C3 energy
Delta electronics
Dexma
General electric company
Gridpoint Systems
Honeywell International Inc.
Johnson controls international plc
Schneider Electric
Other Prominent Players
Market Segmentation

The global energy management systems market segmentation focuses on Type, Components, Application, End-Users, and Region.

By Type Outlook

Home Energy Management Systems
Building Energy Management Systems
Industrial Energy Management Systems
By Components Outlook

Hardware
Solution
Service
By Application Outlook

Residential
Commercial
By End-Users Outlook

Energy and Utilities
IT and Telecom
Manufacturing
Retail
Healthcare
Others
By Regional Outlook

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America
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