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Energy Management System Market Research Report: By Component (Control Systems, Communication Networks, Software, Hardware, Field Equipment, Sensors), Application (Industrial Energy Management System, Building Energy Management System, Home Energy Management System), End-use (Commercial, Residential), Industry (Power & Energy, Manufacturing, Retail, IT & Telecom, Healthcare) - Industry Trends Analysis and Growth Forecast to 2023

  • Published: October 2018
  • Report Code: IM10238
  • Available Format: PDF
  • Pages: 208

The global energy management system (EMS) market generated the revenue of $39.5 billion in 2017, and is projected to record a CAGR of 19.3% during 2018–2023. Electrical energy price volatility, stringent government policies and regulations, several incentives, and rising adoption of EMS in building automation are the key factors driving the market across the globe. Among all regions, APAC is expected to witness the fastest growth in the market during the forecast period. Rising economic growth, rapid industrialization, and increasing government initiatives toward energy consumption are some of the key factors driving the market in the region.

Energy Management Systems Market

Factors Governing EMS Market

Increasing upgradation of power grids to smart grids is a key trend observed in the EMS market. Smart grid systems provide better utility to save energy with easy integration and reliable service to the consumers. Data provided by smart power meters allow consumers to automate billing data collections and detect device failures. In smart grids, intelligent appliances are capable to decide when to consume energy based on customer preset preferences. This helps in reducing peak loads, which have an impact on electricity generation costs.

Stringent government policy toward energy efficiency is a key factor driving the growth of the EMS market, globally. Energy efficiency measures are included in the building codes and standards of most of the developed and developing economies. In recent years, various government regulations have been implemented to adopt cost-effective safe energy source as an alternative to the traditional energy source. For instance, organizations are required to follow ISO 50001 standard, which provides an energy efficiency framework to organizations, to conserve energy resources. In addition, various financial incentives, such as tax reduction and grants, are there to encourage adoption of EMS, which helps reduce building energy consumption and CO2 emissions by automated monitoring and control of the energy devices installed in the buildings.

Energy Management Systems Market

EMS Market Segmentation Analysis

The in-house display device category held the largest share in the market in 2017. In-house displays provide a visual indication of the amount of energy usage in a house, along with the costing at any given time. Additionally, these provide an easy-to-understand information on personal computers or mobile phones.

The utility billing and customer information system solution category is expected to witness fastest growth in the EMS market during the forecast period. The solution supports meter data management (MDM) integration, which is critical for today’s utility business, especially when it comes to capturing and recovering overdue bills.

The power and energy sector generated the highest revenue in the market in 2017. The requirement of EMS for power optimization and monitoring of energy consumption is rapidly increasing in this vertical. However, on the basis of application, the home energy management (HEM) category is expected to witness fastest growth in the EMS market during the forecast period. HEM enables users to monitor and control the energy usage and production, to manually automate the use of energy within a household.

Geographical Analysis of EMS Market

North America held the largest share in the global EMS market in 2017. This is primarily attributed to the technological advancement, stringent energy efficiency policies and regulations, and rising adoption of building automation. However, APAC is expected to witness fastest growth in the market during the forecast period.

Energy Management Systems Market

Competitive Landscape of EMS Market

The EMS market is highly competitive with the presence of a large number of market players. Some of the prominent market players include Schneider Electric SE, Siemens AG, Honeywell International Inc., Johnson Controls International plc, ABB Ltd., Emerson Electric Co., International Business Machines Corporation, Eaton Corporation plc, Cisco Systems Inc., Delta Electronics Inc., GridPoint Inc., Yokogawa Electric Corporation, and DEXMA Inc.

Recent Strategic Developments of Major EMS Market Players

In recent years, major players in the EMS market have taken several strategic measures. For instance, in August 2018, Siemens AG launched the frequency stabilizer SVC PLUS FS, which can control the power grids voltage and frequency fluctuations within milliseconds. SVC Plus FS is developed by combining the reactive power compensation capability with supercapacitors.

Energy Management System Market Size Breakdown by Segment

The energy management system market report offers comprehensive market segmentation analysis along with market estimation for the period 2013–2023.

Based on Component

  • Control Systems
  • Communication Networks
  • Software
  • Hardware
  • Field Equipment
  • Sensors

Based on Application

  • Industrial Energy Management System
  • Building Energy Management System
  • Home Energy Management System

Based on End-User

  • Commercial
  • Residential

Based on Industry

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

Geographical Analysis

  • North America
    • U.S.
    •  Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • APAC
    • Japan
    • China
    • India
    • South Korea
    • Australia
  • LATAM
    • Brazil
    • Mexico
    • Argentina
  • MEA
    • South Africa
    • U.A.E.
    • Saudi Arabia

Key Questions Addressed/Answered in the Report

  • What is the current scenario of the global EMS market?
  • What are the historical size and the present size of the market segments and their future potential?
  • What are the current technologies prevalent in the market?
  • What are the major catalysts for the market and their impact during the short, medium, and long terms?
  • What are the evolving opportunities for market players?
  • Which are the key geographies from the investment perspective?
  • What are the key strategies adopted by the major players to expand their market share?
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