Energy Management System Market by Type (BEMS, CEMS, FEMS, REMS, HEMS), by Component (Hardware, Software, Services), by End Use Industry (Energy and Power, IT & Telecom, Manufacturing, Chemical, Others), by Region (Asia-Pacific, North America, Europe, Middle East & Africa) – Global Forecast 2019 to 2024
Energy Management System Market: Summary
The global energy management system market is estimated to reach USD 110.4 Billion in 2024 at a CAGR of 18.8%. Volatility of energy prices and increasing awareness of technology availability and validity is expected to drive the energy management system market during the forecast period. However, involvement of multiple stakeholders in the process is expected to restrain the market during the forecast period. Developing cost effective system is expected to become an opportunity for energy management system market.
Energy management system (EMS) permits consolidated control of energy usage across premises. It is a Central control system which allows operation of several control systems from a single application. All the sensors present in the system works as data inputs and the system uses these inputs to regulate control components. Some key players in EMS market are Schneider Electric SE, ABB Ltd., General Electric Company, Johnson Controls International PLC, and IBM Corporation among others.
Energy Management System Market Segmentation
This market research report offers a comprehensive analysis of key market trends in the global EMS market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks. On the basis of type, the market is segmented into building and energy management system, cluster energy management system, home energy management system, retail energy management system, and factory energy management system. By component, EMS market is segmented into, hardware, software and services. By solution, EMS market is segmented into, demand response management system, carbon management system, utility billing and customer information system. By end use industry, EMS market is segmented into energy and power, IT & Telecom, manufacturing, chemical, transportation and others.
Energy Management System Market Report Scope
The report on the EMS market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire in energy dynamics are covered through the below segmentation.
Historical/Estimated/Forecasted Market Size Years
Base Year for Market Calculation
2019-2024 (2019 estimated year, forecasted up to 2024)
Value (USD Million)
Type, Component, Solution, End Use Industry
Asia-Pacific, North America, Europe, Middle East & Africa, South America
- Schneider Electric SE (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- ABB Ltd.
- General Electric Company
- Johnson Controls International PLC
- IBM Corporation
- SAP SE
- Ingersoll-Rand plc
- Cisco Systems, Inc.
- Emerson Electric Co.
- Honeywell International Inc.
- Other Key Companies
Energy Management System Market Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Energy Management System Market by Type
- Building and Energy Management System (BEMS)
- Cluster Energy Management System (CEMS)
- Home Energy Management System (HEMS)
- Retail Energy Management System (REMS)
- Factory Energy Management System (FEMS)
Energy Management System Market by Component
- Display Devices
- Analysis Services
- Technical Services
- Program Services
Energy Management System Market by Solution
- Demand Response Management System
- Carbon Management System
- Utility Billing and Customer Information System
Energy Management System Market by End Use Industry
- Energy and Power
- IT & Telecom
Energy Management System Market by Region
- South Korea
- Rest of Asia-Pacific
- North America
- The Netherlands
- Rest of Europe
- Middle East and Africa
- Saudi Arabia
- Rest of Middle East & Africa
- South America
- Rest of South America
Key Questions answered by the report
- What are the major developments impacting the Energy Management System Market and its growth?
- What will be the effects of the developments in the Energy Management System Market on the industry and on the market players in the near and far future?
- What are the evolving types of the Energy Management System Market?
- What are the evolving applications of Energy Management System Market?
- What are the major characteristics that will affect the Energy Management System Market growth during the study period?
- Who are the key players operating in the Energy Management System Market?
- How are the major players leveraging in the existing market conditions?
- Energy Management System Market Providers
- Energy Management System Market Solution and Services Suppliers, Distributors and Dealers
- End-Users of Varied Segments of Energy Management System Market
- Government Bodies and Intellectual Institutions
- Associations and Industrial Organizations
- Research & Consulting Service Providers
- Research & Development Organizations
- Investment Banks & Private Equity Firms
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE ENERGY MANAGEMENT SYSTEM MARKET STUDY
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
2 RESEARCH DESIGN & SCOPE
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.2.1 Volatility of Energy Prices
4.2.2 Increasing Awareness of Technology Availability and Validity
4.3.1 Involvement of Multiple Stakeholders in the Process
4.3.2 Higher Cost of the System
4.4.1. Developing Cost Effective System
4.5.1. Longer Payback Period for Developing Projects
4.5.2. Lack of Trained Workforce with Relevant Skillsets
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET BY TYPE, Market Size in USD Million (2017—2024)
6.2 Building and Energy Management System (BEMS)
6.3 Cluster Energy Management System (CEMS)
6.4 Home Energy Management System (HEMS)
6.5 Retail Energy Management System (REMS)
6.6 Factory Energy Management System (FEMS)
7 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET BY COMPONENT, Market Size in USD Million (2017—2024)
7.2.4 Display Devices
7.4.1 Analysis Services
7.4.2 Technical Services
7.4.3 Program Services
8 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET BY SOLUTION, Market Size in USD Million (2017—2024)
8.2 Demand Response Management System
8.3 Carbon Management System
8.4 Utility Billing and Customer Information System
9 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET BY END USE INDUSTRY, Market Size in USD Million (2017—2024)
9.2 Energy and Power
9.3 Telecom and IT
10 GLOBAL ENERGY MANAGEMENT SYSTEM MARKET BY REGION, Market Size in USD Million (2017—2024)
10.1 North America
10.2.5 The Netherlands
10.2.6 Rest of Europe
10.3.4 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East & Africa
10.4.1 Saudi Arabia
10.4.3 Rest of Middle East & Africa
10.5 South America
10.5.3 Rest of South America
11 COMPETITIVE LANDSCAPE
11.2 Market Ranking/Share Analysis of Key Companies
11.3 Company Benchmarking
12 COMPANY PROFILES
12.1 Schneider Electric SE
12.1.1 Company Overview
12.1.2 Financial Overview
12.1.3 Products/Solutions/Services Offered
12.1.4 Key Developments
12.1.5 SWOT Analysis
12.2 ABB Ltd.
12.3 General Electric Company
12.4 Johnson Controls International PLC
12.5 IBM Corporation
12.6 SAP SE
12.7 Ingersoll-Rand plc
12.8 Cisco Systems, Inc.
12.9 Emerson Electric Co.
12.10 Honeywell International Inc.
12.11 Other Key Companies
13.1 Key Industry Expert Insights
13.2 Primary Discussion Guide
13.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
60+ MARKET TABLES AND 30+ FIGURES WILL BE INCLUDED IN THE STUDY
Forencis Research follows robust and deep dive research methodologies to deliver accurate – current, estimated and forecasted market data. Our extensive primary and secondary research help in deriving reliable qualitative and quantitative data to provide verified market insights. Our research team tracks historic trends, existing and recent market dynamics, growth prospects, competitor landscape, and the entire value chain dynamics to attain reliable industry facts to reach accurate market estimates. Primary research is conducted through thorough interviews and detailed surveys with the Key Industry Experts and related participants across the value chain. Secondary research entails acquiring data through paid and reliable databases such as annual reports, SEC filings, research publications, association publications, investor presentations, white papers and other sources. All the above-obtained information is further processed and collated with our existing database prior to its presentation in our publications.
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Key Questions Answered by the Report
- Major factors impacting the market and its growth
- Evolving Types of the various products in the Market
- Evolving Application of the various products in the Market
- Growing countries in the Global Market
- Effects of the developments in the market on the industry and on the market players
- Key market developments undertaken by the leading players
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