
Energy Management Systems Market by Component, Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), Deployment, End-User Industry and Region - Global Forecast to 2028
- June 28, 2023
- MarketsandMarkets
- 262
Energy Management Systems Market by Component, Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), Deployment, End-User Industry and Region - Global Forecast to 2028
Abstract
The global energy management systems market is estimated to grow from USD 75.6 billion by 2028 from an estimated of USD 40.7 billion in 2023; it is expected to record a CAGR of 13.2% during the forecast period. Increasing energy comsumption is driving the demand of energy management systems market.
“Software: The fastest- growing segment of the Energy management systems market”
Based on by application of Energy management systems the industrial type segment is estimated to be the fastest-growing market from 2023 to 2028. Energy management is a need of any organization in any industry; therefore, specifically cloud-based energy management software has become the dominant tool. Cloud computing enables service providers to access an elastic pool of IT resources such as storage, servers, and computation, allowing them to scale computing capabilities up and down as client demands expand and change.
Heating, ventilation, and air conditioning (HVAC); lighting, energy, and security are all automated in smart buildings. Sensor data, such as indoor and outdoor temperature and humidity, carbon dioxide concentration, and occupancy status, are required for automation. Smart buildings use data through a variety of ways to improve their energy efficiency.
“IEMS: The largest segment by type in Energy management systems market”
The IEMS segment, by type, is projected to hold the largest market size during the forecast period. With the rise of Industry 4.0 within manufacturing environments, sensors, and cloud analytics can move towards smart energy management that includes not only heating and cooling of all spaces, such as warehouses and production floors, but also pumps, power plants, industrial equipment, and even vehicles and lighting.
Many industrial sectors are among the hardest to decarbonize due to the long lifetimes of many industrial facilities and because many of the needed technologies are not yet commercially available. Furthermore, ensuring efficient equipment operations and maintenance helps to guarantee optimal energy performance. This can be reinforced by implementing energy management systems. Developing plant-level action plans and sharing best practices can also help improve energy efficiency, while governments can accelerate the process by adopting energy efficiency targets and regulations.
“On-premise: The largest segment by deployment in Energy management systems market”
The On-premise segment, by deployment, is projected to hold the largest market size during the forecast period. On-premise means that the energy management system is installed locally on a company’s own servers and is far more expensive to design, build, and maintain. They are harder to evolve and update, with high maintenance costs. On-premise solution means that the control and data storage happens on a physical server.
With the on-premise option, data can be read from the site in which it is installed and the hardware connected to this local network. Also, the real-time data can be seen, but it does not have analysis tools. On-premise deployments are more expensive because of the total cost of ownership, which generally includes hardware, network, backup, and development systems.
“Europe: The second largest region in Energy management systems market”
Europe is estimated to hold the second largest poistion in the Energy management systems market. The energy management systems market in Europe, by country, has been segmented into the UK, Germany, France, Italy, and the Rest of Europe.
The European Commission (EU) introduced the initial phase of its "Fit for 55" package in July 2021, aiming to achieve a 55% reduction in the EU2's carbon emissions by 2030 compared to 1990 levels. This ambitious target sets the foundation for attaining climate neutrality in the EU by 2050, primarily through increased utilization of renewable energy sources. With well-established power generation, transmission, and distribution systems in Europe, the EU is now prioritizing the modernization of aging infrastructure, the integration of solar and wind power, and the establishment of interconnections to enhance power and energy trading efficiency.
According to the European Commission, substantial investments exceeding USD 61 billion would be required annually for the expansion, replacement, and refurbishment of the power grid to integrate renewable energy production, a crucial step towards achieving the 55% emission reduction target by 2030. This presents an immense opportunity for the growth of the energy management systems market across the region. Moreover, the need to address supply power issues in Europe is expected to drive the demand for energy management systems, as monitoring and optimizing energy consumption becomes paramount in the transition to a more sustainable energy landscape.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Energy management systems market is dominated by a few major players that have a wide regional presence. The leading players in the Energy management systems market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and Emerson (US).
Research Coverage:
The report defines, describes, and forecasts the global Energy management systems market, by component, type, deployment, end-use industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value and volume, and future trends in the Energy management systems market.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the relay market and provides them information on key market drivers, restraints, challenges, and opportunities.
•Analysis of key drivers (escalating energy consumption and price volatility, installation of smart grids and smart meters, government policies to increase energy efficiency and tackle climate change), restraints (high installation costs, extended payback period), opportunities (growth of urbanization and digitalization, subsidies on carbon and electricity tax policies), and challenges
(lack of awareness in small and medium-sized businesses, hardware maintenance costs) influencing the growth of the energy management systems market.
•Product Development/ Innovation: The future of the energy management systems market looks bright. ABB Power Grids, a subsidiary of ABB, signed a memorandum of understanding with the Indian Institute of Technology, Roorkee, to progress toward an innovative and sustainable campus energy ecosystem.
•Market Development: The installation of smart grids and smart meters are driving the market. Smart meter supports the bidirectional flow of information. The smart meters deployed at end-user premises help collect information on electrical usage from all the appliances at regular intervals using the local area network. A smart grid increases power usage efficiency by introducing a bidirectional flow of information from utilities to consumers and vice-versa. This can be possible by introducing Advanced Metering Infrastructure (AMI). The information about the electrical consumption of a consumer is recorded on time, and this data is aggregated and analyzed by a ‘smart meter’ installed at consumer premises. The analyzed data is then communicated to utilities using AMI. The AMI includes the advanced communication system, including home area networks (HAN), neighborhood area networks (NAN), and wide area networks (WAN). Thus, Advanced Metering Infrastructure not only communicates the smart meter data to utilities but also transmits information to consumers from utilities about the peak demand and cost of energy consumption, enabling the consumer to shift peak loads to some other time.
•Market Diversification: Schneider Electric focusesed on product launches and expansions for the energy management systems market. The company launched several products in this market: . The product launches include the EcoStruxure Platforms and BlokSeT LV switchboard, PrismaSeT Active switchboards, next-generation TransferPacT Automatic Transfer Switching Equipment (ATSE), and TeSys Giga series as part of the EcoStruxure platform, which incorporated next-generation technologies. Schneider Electric expects an adjusted EBITA organic growth of between 9% and 13% in 2022. A strong and sustainable performance can be achieved through a combination of top-line organic growth, targeted at between 7% and 9%, and adjusted EBITA margins.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and Emerson (US), among others in the energy management systems market
Content
Table of Contents
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3INCLUSIONS AND EXCLUSIONS35
1.3.1ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT35
1.3.2ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE35
1.3.3ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT35
1.3.4ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY36
1.3.5ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION36
1.4MARKET SCOPE36
1.4.1ENERGY MANAGEMENT SYSTEMS MARKET SEGMENTATION36
1.4.2REGIONAL SCOPE37
1.5YEARS CONSIDERED37
1.6CURRENCY CONSIDERED38
1.7LIMITATIONS38
1.8STAKEHOLDERS38
1.9SUMMARY OF CHANGES39
1.10RECESSION IMPACT39
2RESEARCH METHODOLOGY40
2.1RESEARCH DATA40
FIGURE 1ENERGY MANAGEMENT SYSTEMS MARKET: RESEARCH DESIGN40
2.2MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 2DATA TRIANGULATION METHODOLOGY41
2.2.1SECONDARY DATA41
2.2.1.1Key data from secondary sources42
2.2.2PRIMARY DATA42
2.2.2.1Breakdown of primaries42
FIGURE 3KEY DATA FROM PRIMARY SOURCES43
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION43
FIGURE 5METRICS FOR ENERGY MANAGEMENT SYSTEMS TO ASSESS AND ANALYZE DEMAND44
2.3MARKET SIZE ESTIMATION44
2.3.1BOTTOM-UP APPROACH44
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH44
2.3.2TOP-DOWN APPROACH45
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH45
2.3.3DEMAND-SIDE ANALYSIS46
2.3.3.1Regional analysis46
2.3.3.2Country analysis47
2.3.3.3Demand-side assumptions47
2.3.3.4Demand-side calculations47
2.3.4SUPPLY-SIDE ANALYSIS48
FIGURE 8KEY STEPS CONSIDERED FOR ASSESSING SUPPLY-SIDE OF ENERGY MANAGEMENT SYSTEMS48
FIGURE 9ENERGY MANAGEMENT SYSTEMS MARKET: SUPPLY-SIDE ANALYSIS49
2.3.4.1Supply-side calculations49
2.3.4.2Supply-side assumptions49
2.3.5FORECAST50
2.4RECESSION IMPACT50
3EXECUTIVE SUMMARY51
TABLE 1ENERGY MANAGEMENT SYSTEMS MARKET: SNAPSHOT52
FIGURE 10NORTH AMERICA DOMINATED ENERGY MANAGEMENT SYSTEMS MARKET IN 202253
FIGURE 11ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–202853
FIGURE 12ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–202854
FIGURE 13ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–202854
FIGURE 14ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–202855
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENERGY MANAGEMENT SYSTEMS MARKET56
FIGURE 15ESCALATING ENERGY CONSUMPTION AND PRICE VOLATILITY TO DRIVE MARKET56
4.2ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION56
FIGURE 16ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD56
4.3ENERGY MANAGEMENT SYSTEMS MARKET IN NORTH AMERICA, BY COMPONENT AND COUNTRY57
FIGURE 17US HELD LARGEST MARKET SHARE IN NORTH AMERICA IN 202257
4.4ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT57
FIGURE 18HARDWARE SEGMENT TO HOLD MAJOR MARKET SHARE DURING FORECAST PERIOD57
4.5ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE58
FIGURE 19INDUSTRIAL ENERGY MANAGEMENT SYSTEMS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD58
4.6ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT58
FIGURE 20ON-PREMISES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD58
4.7ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY59
FIGURE 21POWER & ENERGY SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS61
FIGURE 22ENERGY MANAGEMENT SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES61
5.2.1DRIVERS61
5.2.1.1Increased energy usage and price volatility61
FIGURE 23TOTAL ELECTRICITY CONSUMPTION (EJ) FOR OECD COUNTRIES, 2010–201962
TABLE 2ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2021 (USD/UNIT)62
5.2.1.2Rising installation of smart grids and smart meters62
FIGURE 24INVESTMENT SPENDING IN ELECTRICITY NETWORKS BY REGION, 2016–202163
5.2.1.3Government initiatives to combat climate change and improve energy efficiency63
FIGURE 25GLOBAL ENERGY-RELATED CO2 EMISSIONS, 2010–202164
5.2.2RESTRAINTS64
5.2.2.1High cost of installation64
5.2.2.2Prolonged repayment period64
5.2.3OPPORTUNITIES65
5.2.3.1Accelerating urbanization and digitization trends65
FIGURE 26GROWTH IN URBAN POPULATION WORLDWIDE, 2010–202066
5.2.3.2Subsidies on carbon and electricity tax policies66
FIGURE 27CO2 EMISSIONS FROM ELECTRICITY GENERATION, 1990–201967
5.2.4CHALLENGES67
5.2.4.1Lack of awareness in small- and medium-sized businesses67
5.2.4.2High maintenance cost68
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS68
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR ENERGY MANAGEMENT SYSTEM PROVIDERS68
FIGURE 28REVENUE SHIFT FOR ENERGY MANAGEMENT SYSTEM PROVIDERS69
5.4MARKET MAP69
FIGURE 29ENERGY MANAGEMENT SYSTEMS MARKET: MARKET MAP69
TABLE 3ENERGY MANAGEMENT SYSTEMS MARKET: ROLE IN ECOSYSTEM70
5.5PRICING ANALYSIS71
TABLE 4INDICATIVE PRICING ANALYSIS OF KEY OFFERINGS BY KEY PLAYERS/MAJOR PLAYERS/ MAJOR MARKET COMPETITORS71
5.6VALUE CHAIN ANALYSIS72
FIGURE 30ENERGY MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS72
5.6.1RAW MATERIAL PROVIDERS/SUPPLIERS72
5.6.2COMPONENT MANUFACTURERS73
5.6.3ENERGY MANAGEMENT SYSTEM INTEGRATORS/ASSEMBLERS73
5.6.4BUYERS/END USERS73
5.6.5POST-SALES SERVICES73
5.7TECHNOLOGY ANALYSIS73
5.7.1IOT-CONNECTED ENERGY MANAGEMENT SYSTEMS73
5.8KEY CONFERENCES AND EVENTS, 2022–202474
TABLE 5ENERGY MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS74
5.9TARIFFS, CODES, AND REGULATIONS76
5.9.1TARIFFS RELATED TO ENERGY MANAGEMENT SYSTEMS77
TABLE 6IMPORT TARIFFS FOR HS 903210 THERMOSTATS IN 202077
TABLE 7IMPORT TARIFFS FOR HS 9028 UTILITY METERS IN 202078
5.10TRADE ANALYSIS78
5.10.1TRADE ANALYSIS FOR THERMOSTATS78
5.10.2EXPORT SCENARIO FOR THERMOSTATS79
TABLE 8EXPORTED SCENARIO FOR HS CODE: 903210, BY COUNTRY, 2020–2022 (USD)79
5.10.3IMPORT SCENARIO FOR THERMOSTATS80
TABLE 9IMPORT SCENARIO FOR HS CODE: 903210, BY COUNTRY, 2020–2022 (USD)80
5.10.4TRADE ANALYSIS FOR UTILITY METERS80
5.10.5EXPORT SCENARIO FOR UTILITY METERS80
TABLE 10EXPORT SCENARIO FOR HS CODE: 902830, BY COUNTRY, 2020–2022 (USD)81
TABLE 11EXPORT SCENARIO FOR HS CODE: 902890, BY COUNTRY, 2020–2022 (USD)81
5.10.6IMPORT SCENARIO FOR UTILITY METERS82
TABLE 12IMPORT SCENARIO FOR HS CODE: 902830, BY COUNTRY, 2020–2022 (USD)82
TABLE 13IMPORT SCENARIO FOR HS CODE: 902890, BY COUNTRY, 2020–2022 (USD)83
5.10.7REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS84
TABLE 14NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS84
TABLE 15EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 16ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS86
TABLE 17REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS87
5.10.8CODES AND REGULATIONS RELATED TO ENERGY MANAGEMENT SYSTEMS87
TABLE 18ENERGY MANAGEMENT SYSTEMS: CODES AND REGULATIONS87
5.11INNOVATIONS AND PATENT REGISTRATIONS89
TABLE 19ENERGY MANAGEMENT SYSTEMS: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2020–DECEMBER 202189
5.12PORTER’S FIVE FORCES ANALYSIS96
FIGURE 31PORTER’S FIVE FORCES ANALYSIS FOR ENERGY MANAGEMENT SYSTEMS MARKET96
TABLE 20ENERGY MANAGEMENT SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS97
5.12.1THREAT OF SUBSTITUTES97
5.12.2BARGAINING POWER OF SUPPLIERS97
5.12.3BARGAINING POWER OF BUYERS97
5.12.4THREAT OF NEW ENTRANTS98
5.12.5INTENSITY OF COMPETITIVE RIVALRY98
5.13KEY STAKEHOLDERS AND BUYING CRITERIA98
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS98
FIGURE 32INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS98
TABLE 21INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS99
5.14BUYING CRITERIA99
FIGURE 33INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS99
TABLE 22KEY BUYING CRITERIA FOR TOP 3 END USERS99
5.15CASE STUDY ANALYSIS100
5.15.1LEADING PROPERTY COMPANY IN NEW ZEALAND TO REACH GREEN STAR GOALS AND SUSTAINABILITY TARGETS100
5.15.1.1Problem statement100
5.15.1.2Solution100
5.15.2TECHNOLOGICAL CAPABILITIES OF ENERCON MONITORED VIA BUILDING MANAGEMENT SYSTEMS100
5.15.2.1Problem statement100
5.15.2.2Solution100
5.15.3LUNDIN NORWAY EDVARD GRIEG PLATFORM AND HONEYWELL DEVELOPED DIGITAL TWINS FOR ENERGY MANAGEMENT SYSTEMS101
5.15.3.1Problem statement101
5.15.3.2Solution101
6ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT102
6.1INTRODUCTION103
FIGURE 34ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2022103
TABLE 23ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)103
TABLE 24ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)104
6.2SOFTWARE104
6.2.1AUTOMATIC CONTROL CAPABILITIES OFFERED BY SOFTWARE-BASED EMS TO INCREASE DEMAND104
TABLE 25SOFTWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)105
TABLE 26SOFTWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)105
6.3HARDWARE105
6.3.1GROWING ADOPTION OF DIGITAL TECHNOLOGIES TO PROMOTE MARKET GROWTH105
TABLE 27HARDWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)106
TABLE 28HARDWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)106
6.4SERVICES107
6.4.1ADVANTAGE OF REDUCTION IN ELECTRICITY BILLS TO BOOST MARKET107
TABLE 29SERVICES: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)107
TABLE 30SERVICES: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)107
7ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE108
7.1INTRODUCTION109
FIGURE 35ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2022109
TABLE 31ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)109
TABLE 32ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)110
7.2HOME ENERGY MANAGEMENT SYSTEMS110
7.2.1GROWING DEPLOYMENT OF SMART GRIDS TO DRIVE MARKET110
TABLE 33HOME ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)111
TABLE 34HOME ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)111
7.3BUILDING ENERGY MANAGEMENT SYSTEMS111
7.3.1INCREASING USE OF IT EQUIPMENT TO DRIVE MARKET111
TABLE 35BUILDING ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)112
TABLE 36BUILDING ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)112
7.4INDUSTRIAL ENERGY MANAGEMENT SYSTEMS113
7.4.1VARIOUS GOVERNMENT POLICIES AND REGULATIONS TO DRIVE MARKET113
TABLE 37INDUSTRIAL ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)114
TABLE 38INDUSTRIAL ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)114
8ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT115
8.1INTRODUCTION116
FIGURE 36ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2022116
TABLE 39ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)116
TABLE 40ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)117
8.2ON-PREMISES117
8.2.1REPLACEMENT OF CURRENT ON-PREMISES DEPLOYMENTS TO SPUR MARKET GROWTH117
TABLE 41ON-PREMISES: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)117
TABLE 42ON-PREMISES: ENERGY MANAGEMENT SYSTEMS, BY REGION, 2023–2028 (USD BILLION)118
8.3CLOUD-BASED118
8.3.1ACCESSIBILITY OF CLOUD-BASED ENERGY MANAGEMENT SYSTEMS TO BOOST DEMAND118
TABLE 43CLOUD-BASED: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)119
TABLE 44CLOUD-BASED: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)119
9ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY120
9.1INTRODUCTION121
FIGURE 37ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2022121
TABLE 45ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)121
TABLE 46ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)122
9.2POWER & ENERGY122
9.2.1DEMAND FOR EMS TO INCREASE DUE TO DECARBONIZATION GOALS122
TABLE 47POWER & ENERGY: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)123
TABLE 48POWER & ENERGY: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)123
9.3TELECOM & IT123
9.3.1INVESTMENTS IN HYPERSCALE DATA CENTERS TO DRIVE MARKET123
TABLE 49TELECOM & IT: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)124
TABLE 50TELECOM & IT: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)124
9.4MANUFACTURING124
9.4.1NEED FOR EMS TO DEVELOP SMART FACTORIES TO BOOST MARKET124
TABLE 51MANUFACTURING: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)125
TABLE 52MANUFACTURING: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)125
9.5RESIDENTIAL & COMMERCIAL125
9.5.1GOVERNMENT SUPPORT TO INCREASE ENERGY SAVINGS TO DRIVE MARKET125
TABLE 53RESIDENTIAL & COMMERCIAL: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)126
TABLE 54RESIDENTIAL & COMMERCIAL: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)126
9.6FOOD & BEVERAGE127
9.6.1NEED FOR ENERGY-EFFICIENT PRODUCTION TO DRIVE MARKET127
TABLE 55FOOD & BEVERAGE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)127
TABLE 56FOOD & BEVERAGE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)128
9.7OTHERS128
TABLE 57OTHERS: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)129
TABLE 58OTHERS: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)129
10ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION130
10.1INTRODUCTION131
FIGURE 38ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2022131
FIGURE 39ASIA PACIFIC ENERGY MANAGEMENT SYSTEMS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD132
TABLE 59ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)132
TABLE 60ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)132
10.2NORTH AMERICA133
10.2.1RECESSION IMPACT ANALYSIS133
FIGURE 40NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET SNAPSHOT134
10.2.2BY COMPONENT134
TABLE 61NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)134
TABLE 62NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)135
10.2.3BY TYPE135
TABLE 63NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)135
TABLE 64NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)135
10.2.4BY DEPLOYMENT135
TABLE 65NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)135
TABLE 66NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)136
10.2.5BY END-USE INDUSTRY136
TABLE 67NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)136
TABLE 68NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)136
10.2.6BY COUNTRY137
TABLE 69NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)137
TABLE 70NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)137
10.2.6.1US137
10.2.6.1.1Adoption of smart building technologies to drive market137
TABLE 71US: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)138
TABLE 72US: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)138
10.2.6.2Canada138
10.2.6.2.1Focus on distributed solutions and demand-side management to boost market138
TABLE 73CANADA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)139
TABLE 74CANADA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)140
10.2.6.3Mexico140
10.2.6.3.1Capacity building to enhance industrial energy efficiency to drive market140
TABLE 75MEXICO: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)141
TABLE 76MEXICO: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)141
10.3EUROPE141
10.3.1RECESSION IMPACT ANALYSIS142
FIGURE 41EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET SNAPSHOT143
10.3.2BY COMPONENT143
TABLE 77EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)143
TABLE 78EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)144
10.3.3BY TYPE144
TABLE 79EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)144
TABLE 80EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)144
10.3.4BY DEPLOYMENT144
TABLE 81EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)144
TABLE 82EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)145
10.3.5BY END-USE INDUSTRY145
TABLE 83EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)145
TABLE 84EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)145
10.3.6BY COUNTRY146
TABLE 85EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)146
TABLE 86EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)146
10.3.6.1Germany146
10.3.6.1.1Tax benefits to drive market for energy management systems146
TABLE 87GERMANY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)147
TABLE 88GERMANY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)147
10.3.6.2UK147
10.3.6.2.1Encouraging energy efficiency in buildings to drive market147
TABLE 89UK: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)148
TABLE 90UK: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)148
10.3.6.3France149
10.3.6.3.1Focus on smart meter installation to drive market149
TABLE 91FRANCE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)149
TABLE 92FRANCE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)150
10.3.6.4Italy150
10.3.6.4.1Decarbonization and digitalization to drive market150
TABLE 93ITALY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)151
TABLE 94ITALY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)151
10.3.6.5Rest of Europe151
TABLE 95REST OF EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)152
TABLE 96REST OF EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)152
10.4ASIA PACIFIC152
10.4.1RECESSION IMPACT ANALYSIS153
10.4.2BY COMPONENT154
TABLE 97ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)154
TABLE 98ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)154
10.4.3BY TYPE154
TABLE 99ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)154
TABLE 100ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)155
10.4.4BY DEPLOYMENT155
TABLE 101ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)155
TABLE 102ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)155
10.4.5BY END-USE INDUSTRY156
TABLE 103ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)156
TABLE 104ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)156
10.4.6BY COUNTRY156
TABLE 105ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)156
TABLE 106ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)157
10.4.6.1China157
10.4.6.1.1Carbon neutrality goals to drive market157
TABLE 107CHINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)158
TABLE 108CHINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)158
10.4.6.2India158
10.4.6.2.1Increasing electricity demand to drive market158
TABLE 109INDIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)159
TABLE 110INDIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)159
10.4.6.3Japan160
10.4.6.3.1Implementation of new international standards to fuel market160
TABLE 111JAPAN: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)161
TABLE 112JAPAN: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)161
10.4.6.4Rest of Asia Pacific161
TABLE 113REST OF ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)162
TABLE 114REST OF ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)163
10.5MIDDLE EAST & AFRICA163
10.5.1RECESSION IMPACT ANALYSIS163
10.5.2BY COMPONENT164
TABLE 115MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)164
TABLE 116MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)164
10.5.3BY TYPE164
TABLE 117MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)164
TABLE 118MIDDLE EAST & AFRICA ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)165
10.5.4BY DEPLOYMENT165
TABLE 119MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)165
TABLE 120MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)165
10.5.5BY END-USE INDUSTRY166
TABLE 121MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)166
TABLE 122MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)166
10.5.6BY COUNTRY166
TABLE 123MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)166
TABLE 124MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)167
10.5.6.1Saudi Arabia167
10.5.6.1.1Integration of solar power generation in energy mix to drive demand167
TABLE 125SAUDI ARABIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)168
TABLE 126SAUDI ARABIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)168
10.5.6.2UAE168
10.5.6.2.1Infrastructure expansion and rapid economic growth to propel market168
TABLE 127UAE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)169
TABLE 128UAE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)169
10.5.6.3South Africa170
10.5.6.3.1Rising focus on energy efficiency to drive market170
TABLE 129SOUTH AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)170
TABLE 130SOUTH AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)170
10.5.6.4Rest of Middle East & Africa171
TABLE 131REST OF MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)171
TABLE 132REST OF MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)171
10.6SOUTH AMERICA172
10.6.1BY COMPONENT172
TABLE 133SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)172
TABLE 134SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)172
10.6.2BY TYPE173
TABLE 135SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)173
TABLE 136SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)173
10.6.3BY DEPLOYMENT173
TABLE 137SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)173
TABLE 138SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)173
10.6.4BY END-USE INDUSTRY174
TABLE 139SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)174
TABLE 140SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)174
10.6.5BY COUNTRY174
TABLE 141SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)174
TABLE 142SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)175
10.6.5.1Brazil175
10.6.5.1.1Economic growth and focus on energy conservation to drive demand175
TABLE 143BRAZIL: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)176
TABLE 144BRAZIL: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)176
10.6.5.2Argentina176
10.6.5.2.1Rising energy demand from industries to drive market176
TABLE 145ARGENTINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)177
TABLE 146ARGENTINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)177
10.6.5.3Rest of South America177
TABLE 147REST OF SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)178
TABLE 148REST OF SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)178
11COMPETITIVE LANDSCAPE179
11.1OVERVIEW179
11.2STRATEGIES ADOPTED BY KEY PLAYERS179
TABLE 149OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2018–APRIL 2022179
11.3MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS181
TABLE 150ENERGY MANAGEMENT SYSTEMS MARKET: DEGREE OF COMPETITION181
FIGURE 42ENERGY MANAGEMENT SYSTEMS MARKET SHARE ANALYSIS, 2022182
11.4REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS183
FIGURE 43TOP PLAYERS IN ENERGY MANAGEMENT SYSTEMS MARKET, 2018–2022183
11.5COMPANY EVALUATION MATRIX184
11.5.1STARS184
11.5.2PERVASIVE PLAYERS184
11.5.3EMERGING LEADERS184
11.5.4PARTICIPANTS184
FIGURE 44ENERGY MANAGEMENT SYSTEMS MARKET: COMPANY EVALUATION MATRIX, 2022185
11.6START-UP/SME EVALUATION MATRIX, 2022185
11.6.1PROGRESSIVE COMPANIES185
11.6.2RESPONSIVE COMPANIES185
11.6.3DYNAMIC COMPANIES186
11.6.4STARTING BLOCKS186
FIGURE 45ENERGY MANAGEMENT SYSTEMS MARKET: START-UP/SME EVALUATION MATRIX, 2022186
11.7COMPETITIVE BENCHMARKING187
TABLE 151ENERGY MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF KEY START-UPS/SMES187
TABLE 152ENERGY MANAGEMENT SYSTEMS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES)188
11.8ENERGY MANAGEMENT SYSTEMS MARKET: COMPANY FOOTPRINT188
TABLE 153COMPANY FOOTPRINT: BY COMPONENT188
TABLE 154COMPANY FOOTPRINT: BY TYPE189
TABLE 155COMPANY FOOTPRINT: BY END-USE INDUSTRY190
TABLE 156COMPANY FOOTPRINT: REGION191
TABLE 157COMPANY PRODUCT FOOTPRINT192
11.9COMPETITIVE SCENARIO193
TABLE 158ENERGY MANAGEMENT SYSTEMS MARKET: PRODUCT LAUNCHES, APRIL 2019–MARCH 2022193
TABLE 159ENERGY MANAGEMENT SYSTEMS MARKET: DEALS, MARCH 2019–MAY 2022194
TABLE 160ENERGY MANAGEMENT SYSTEMS MARKET: OTHERS, APRIL 2020–MARCH 2022198
12COMPANY PROFILES199
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1KEY PLAYERS199
12.1.1ABB199
TABLE 161ABB: COMPANY OVERVIEW199
FIGURE 46ABB: COMPANY SNAPSHOT (2021)200
TABLE 162ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED200
TABLE 163ABB: PRODUCT LAUNCHES201
TABLE 164ABB: DEALS201
TABLE 165ABB: OTHERS202
12.1.2SCHNEIDER ELECTRIC204
TABLE 166SCHNEIDER ELECTRIC: COMPANY OVERVIEW204
FIGURE 47SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)205
TABLE 167SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED205
TABLE 168SCHNEIDER ELECTRIC: PRODUCT LAUNCHES206
TABLE 169SCHNEIDER ELECTRIC: DEALS207
12.1.3SIEMENS209
TABLE 170SIEMENS: COMPANY OVERVIEW209
FIGURE 48SIEMENS: COMPANY SNAPSHOT (2022)210
TABLE 171SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED210
TABLE 172SIEMENS: PRODUCT LAUNCHES211
TABLE 173SIEMENS: DEALS211
TABLE 174GENERAL ELECTRIC: COMPANY OVERVIEW213
FIGURE 49GENERAL ELECTRIC: COMPANY SNAPSHOT (2021)214
TABLE 175GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED214
TABLE 176GENERAL ELECTRIC: DEALS215
TABLE 177GENERAL ELECTRIC: OTHERS216
12.1.5EMERSON ELECTRIC CO.217
TABLE 178EMERSON ELECTRIC CO.: COMPANY OVERVIEW217
FIGURE 50EMERSON ELECTRIC CO.: COMPANY SNAPSHOT (2021)218
TABLE 179EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED218
TABLE 180EMERSON ELECTRIC CO.: PRODUCT LAUNCHES219
TABLE 181EMERSON ELECTRIC CO.: DEALS220
12.1.6CISCO SYSTEMS, INC.221
TABLE 182CISCO SYSTEMS, INC.: COMPANY OVERVIEW221
FIGURE 51CISCO SYSTEMS, INC.: COMPANY SNAPSHOT (2021)222
TABLE 183CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED222
TABLE 184CISCO SYSTEMS, INC.: DEALS223
12.1.7HONEYWELL INTERNATIONAL INC.224
TABLE 185HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW224
FIGURE 52HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT (2021)225
TABLE 186HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED225
TABLE 187HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES226
TABLE 188HONEYWELL INTERNATIONAL INC.: DEALS227
TABLE 189HONEYWELL INTERNATIONAL INC.: OTHERS228
12.1.8EATON229
TABLE 190EATON: COMPANY OVERVIEW229
FIGURE 53EATON: COMPANY SNAPSHOT (2021)230
TABLE 191EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED230
TABLE 192EATON: PRODUCT LAUNCHES231
TABLE 193EATON: DEALS232
12.1.9MITSUBISHI ELECTRIC CORPORATION233
TABLE 194MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW233
FIGURE 54MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT (2021)234
TABLE 195MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED234
TABLE 196MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES235
TABLE 197MITSUBISHI ELECTRIC CORPORATION: DEALS235
12.1.10IBM237
TABLE 198IBM: COMPANY OVERVIEW237
FIGURE 55IBM: COMPANY SNAPSHOT (2021)238
TABLE 199IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED238
TABLE 200IBM: PRODUCT LAUNCHES239
TABLE 201IBM: DEALS239
12.1.11HITACHI241
TABLE 202HITACHI: COMPANY OVERVIEW241
FIGURE 56HITACHI: COMPANY SNAPSHOT (2020)242
TABLE 203HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED242
TABLE 204HITACHI: DEALS243
12.1.12ROCKWELL AUTOMATION, INC.244
TABLE 205ROCKWELL AUTOMATION, INC.: COMPANY OVERVIEW244
FIGURE 57ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT (2021)245
TABLE 206ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED245
TABLE 207ROCKWELL AUTOMATION, INC.: DEALS246
12.1.13YOKOGAWA ELECTRIC CORPORATION247
TABLE 208YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW247
FIGURE 58YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT (2020)248
TABLE 209YOKOGAWA ELECTRIC CORPORATION: PRODUCTS OFFERED248
TABLE 210YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES249
TABLE 211YOKOGAWA ELECTRIC CORPORATION: DEALS250
TABLE 212YOKOGAWA ELECTRIC CORPORATION: OTHERS251
12.1.14C3
“Software: The fastest- growing segment of the Energy management systems market”
Based on by application of Energy management systems the industrial type segment is estimated to be the fastest-growing market from 2023 to 2028. Energy management is a need of any organization in any industry; therefore, specifically cloud-based energy management software has become the dominant tool. Cloud computing enables service providers to access an elastic pool of IT resources such as storage, servers, and computation, allowing them to scale computing capabilities up and down as client demands expand and change.
Heating, ventilation, and air conditioning (HVAC); lighting, energy, and security are all automated in smart buildings. Sensor data, such as indoor and outdoor temperature and humidity, carbon dioxide concentration, and occupancy status, are required for automation. Smart buildings use data through a variety of ways to improve their energy efficiency.
“IEMS: The largest segment by type in Energy management systems market”
The IEMS segment, by type, is projected to hold the largest market size during the forecast period. With the rise of Industry 4.0 within manufacturing environments, sensors, and cloud analytics can move towards smart energy management that includes not only heating and cooling of all spaces, such as warehouses and production floors, but also pumps, power plants, industrial equipment, and even vehicles and lighting.
Many industrial sectors are among the hardest to decarbonize due to the long lifetimes of many industrial facilities and because many of the needed technologies are not yet commercially available. Furthermore, ensuring efficient equipment operations and maintenance helps to guarantee optimal energy performance. This can be reinforced by implementing energy management systems. Developing plant-level action plans and sharing best practices can also help improve energy efficiency, while governments can accelerate the process by adopting energy efficiency targets and regulations.
“On-premise: The largest segment by deployment in Energy management systems market”
The On-premise segment, by deployment, is projected to hold the largest market size during the forecast period. On-premise means that the energy management system is installed locally on a company’s own servers and is far more expensive to design, build, and maintain. They are harder to evolve and update, with high maintenance costs. On-premise solution means that the control and data storage happens on a physical server.
With the on-premise option, data can be read from the site in which it is installed and the hardware connected to this local network. Also, the real-time data can be seen, but it does not have analysis tools. On-premise deployments are more expensive because of the total cost of ownership, which generally includes hardware, network, backup, and development systems.
“Europe: The second largest region in Energy management systems market”
Europe is estimated to hold the second largest poistion in the Energy management systems market. The energy management systems market in Europe, by country, has been segmented into the UK, Germany, France, Italy, and the Rest of Europe.
The European Commission (EU) introduced the initial phase of its "Fit for 55" package in July 2021, aiming to achieve a 55% reduction in the EU2's carbon emissions by 2030 compared to 1990 levels. This ambitious target sets the foundation for attaining climate neutrality in the EU by 2050, primarily through increased utilization of renewable energy sources. With well-established power generation, transmission, and distribution systems in Europe, the EU is now prioritizing the modernization of aging infrastructure, the integration of solar and wind power, and the establishment of interconnections to enhance power and energy trading efficiency.
According to the European Commission, substantial investments exceeding USD 61 billion would be required annually for the expansion, replacement, and refurbishment of the power grid to integrate renewable energy production, a crucial step towards achieving the 55% emission reduction target by 2030. This presents an immense opportunity for the growth of the energy management systems market across the region. Moreover, the need to address supply power issues in Europe is expected to drive the demand for energy management systems, as monitoring and optimizing energy consumption becomes paramount in the transition to a more sustainable energy landscape.
Breakdown of Primaries:
In-depth interviews have been conducted with various key industry participants, subject-matter experts, C-level executives of key market players, and industry consultants, among other experts, to obtain and verify critical qualitative and quantitative information, as well as to assess future market prospects.
The distribution of primary interviews is as follows:
By Company Type: Tier 1- 35%, Tier 2- 45%, and Tier 3- 20%
By Designation: C-Level- 35%, Director Levels- 25%, and Others- 40%
By Region: North America- 40%, Asia Pacific- 30%, Europe- 20%, the Middle East & Africa- 5%, and South America- 5%
Note: Others include product engineers, product specialists, and engineering leads.
Note: The tiers of the companies are defined on the basis of their total revenues as of 2021. Tier 1: > USD 1 billion, Tier 2: From USD 500 million to USD 1 billion, and Tier 3: < USD 500 million
The Energy management systems market is dominated by a few major players that have a wide regional presence. The leading players in the Energy management systems market are ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and Emerson (US).
Research Coverage:
The report defines, describes, and forecasts the global Energy management systems market, by component, type, deployment, end-use industry, and region. It also offers a detailed qualitative and quantitative analysis of the market. The report provides a comprehensive review of the major market drivers, restraints, opportunities, and challenges. It also covers various important aspects of the market. These include an analysis of the competitive landscape, market dynamics, market estimates, in terms of value and volume, and future trends in the Energy management systems market.
Key Benefits of Buying the Report
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the relay market and provides them information on key market drivers, restraints, challenges, and opportunities.
•Analysis of key drivers (escalating energy consumption and price volatility, installation of smart grids and smart meters, government policies to increase energy efficiency and tackle climate change), restraints (high installation costs, extended payback period), opportunities (growth of urbanization and digitalization, subsidies on carbon and electricity tax policies), and challenges
(lack of awareness in small and medium-sized businesses, hardware maintenance costs) influencing the growth of the energy management systems market.
•Product Development/ Innovation: The future of the energy management systems market looks bright. ABB Power Grids, a subsidiary of ABB, signed a memorandum of understanding with the Indian Institute of Technology, Roorkee, to progress toward an innovative and sustainable campus energy ecosystem.
•Market Development: The installation of smart grids and smart meters are driving the market. Smart meter supports the bidirectional flow of information. The smart meters deployed at end-user premises help collect information on electrical usage from all the appliances at regular intervals using the local area network. A smart grid increases power usage efficiency by introducing a bidirectional flow of information from utilities to consumers and vice-versa. This can be possible by introducing Advanced Metering Infrastructure (AMI). The information about the electrical consumption of a consumer is recorded on time, and this data is aggregated and analyzed by a ‘smart meter’ installed at consumer premises. The analyzed data is then communicated to utilities using AMI. The AMI includes the advanced communication system, including home area networks (HAN), neighborhood area networks (NAN), and wide area networks (WAN). Thus, Advanced Metering Infrastructure not only communicates the smart meter data to utilities but also transmits information to consumers from utilities about the peak demand and cost of energy consumption, enabling the consumer to shift peak loads to some other time.
•Market Diversification: Schneider Electric focusesed on product launches and expansions for the energy management systems market. The company launched several products in this market: . The product launches include the EcoStruxure Platforms and BlokSeT LV switchboard, PrismaSeT Active switchboards, next-generation TransferPacT Automatic Transfer Switching Equipment (ATSE), and TeSys Giga series as part of the EcoStruxure platform, which incorporated next-generation technologies. Schneider Electric expects an adjusted EBITA organic growth of between 9% and 13% in 2022. A strong and sustainable performance can be achieved through a combination of top-line organic growth, targeted at between 7% and 9%, and adjusted EBITA margins.
•Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like ABB (Switzerland), Schneider Electric (France), Siemens (Germany), General Electric (US), and Emerson (US), among others in the energy management systems market
1INTRODUCTION34
1.1STUDY OBJECTIVES34
1.2MARKET DEFINITION34
1.3INCLUSIONS AND EXCLUSIONS35
1.3.1ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT35
1.3.2ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE35
1.3.3ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT35
1.3.4ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY36
1.3.5ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION36
1.4MARKET SCOPE36
1.4.1ENERGY MANAGEMENT SYSTEMS MARKET SEGMENTATION36
1.4.2REGIONAL SCOPE37
1.5YEARS CONSIDERED37
1.6CURRENCY CONSIDERED38
1.7LIMITATIONS38
1.8STAKEHOLDERS38
1.9SUMMARY OF CHANGES39
1.10RECESSION IMPACT39
2RESEARCH METHODOLOGY40
2.1RESEARCH DATA40
FIGURE 1ENERGY MANAGEMENT SYSTEMS MARKET: RESEARCH DESIGN40
2.2MARKET BREAKDOWN AND DATA TRIANGULATION41
FIGURE 2DATA TRIANGULATION METHODOLOGY41
2.2.1SECONDARY DATA41
2.2.1.1Key data from secondary sources42
2.2.2PRIMARY DATA42
2.2.2.1Breakdown of primaries42
FIGURE 3KEY DATA FROM PRIMARY SOURCES43
FIGURE 4BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION43
FIGURE 5METRICS FOR ENERGY MANAGEMENT SYSTEMS TO ASSESS AND ANALYZE DEMAND44
2.3MARKET SIZE ESTIMATION44
2.3.1BOTTOM-UP APPROACH44
FIGURE 6MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH44
2.3.2TOP-DOWN APPROACH45
FIGURE 7MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH45
2.3.3DEMAND-SIDE ANALYSIS46
2.3.3.1Regional analysis46
2.3.3.2Country analysis47
2.3.3.3Demand-side assumptions47
2.3.3.4Demand-side calculations47
2.3.4SUPPLY-SIDE ANALYSIS48
FIGURE 8KEY STEPS CONSIDERED FOR ASSESSING SUPPLY-SIDE OF ENERGY MANAGEMENT SYSTEMS48
FIGURE 9ENERGY MANAGEMENT SYSTEMS MARKET: SUPPLY-SIDE ANALYSIS49
2.3.4.1Supply-side calculations49
2.3.4.2Supply-side assumptions49
2.3.5FORECAST50
2.4RECESSION IMPACT50
3EXECUTIVE SUMMARY51
TABLE 1ENERGY MANAGEMENT SYSTEMS MARKET: SNAPSHOT52
FIGURE 10NORTH AMERICA DOMINATED ENERGY MANAGEMENT SYSTEMS MARKET IN 202253
FIGURE 11ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–202853
FIGURE 12ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–202854
FIGURE 13ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–202854
FIGURE 14ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–202855
4PREMIUM INSIGHTS56
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN ENERGY MANAGEMENT SYSTEMS MARKET56
FIGURE 15ESCALATING ENERGY CONSUMPTION AND PRICE VOLATILITY TO DRIVE MARKET56
4.2ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION56
FIGURE 16ASIA PACIFIC MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD56
4.3ENERGY MANAGEMENT SYSTEMS MARKET IN NORTH AMERICA, BY COMPONENT AND COUNTRY57
FIGURE 17US HELD LARGEST MARKET SHARE IN NORTH AMERICA IN 202257
4.4ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT57
FIGURE 18HARDWARE SEGMENT TO HOLD MAJOR MARKET SHARE DURING FORECAST PERIOD57
4.5ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE58
FIGURE 19INDUSTRIAL ENERGY MANAGEMENT SYSTEMS SEGMENT TO DOMINATE MARKET DURING FORECAST PERIOD58
4.6ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT58
FIGURE 20ON-PREMISES SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD58
4.7ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY59
FIGURE 21POWER & ENERGY SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD59
5MARKET OVERVIEW60
5.1INTRODUCTION60
5.2MARKET DYNAMICS61
FIGURE 22ENERGY MANAGEMENT SYSTEMS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES61
5.2.1DRIVERS61
5.2.1.1Increased energy usage and price volatility61
FIGURE 23TOTAL ELECTRICITY CONSUMPTION (EJ) FOR OECD COUNTRIES, 2010–201962
TABLE 2ELECTRICITY PRICES IN SELECTED OECD COUNTRIES, 2021 (USD/UNIT)62
5.2.1.2Rising installation of smart grids and smart meters62
FIGURE 24INVESTMENT SPENDING IN ELECTRICITY NETWORKS BY REGION, 2016–202163
5.2.1.3Government initiatives to combat climate change and improve energy efficiency63
FIGURE 25GLOBAL ENERGY-RELATED CO2 EMISSIONS, 2010–202164
5.2.2RESTRAINTS64
5.2.2.1High cost of installation64
5.2.2.2Prolonged repayment period64
5.2.3OPPORTUNITIES65
5.2.3.1Accelerating urbanization and digitization trends65
FIGURE 26GROWTH IN URBAN POPULATION WORLDWIDE, 2010–202066
5.2.3.2Subsidies on carbon and electricity tax policies66
FIGURE 27CO2 EMISSIONS FROM ELECTRICITY GENERATION, 1990–201967
5.2.4CHALLENGES67
5.2.4.1Lack of awareness in small- and medium-sized businesses67
5.2.4.2High maintenance cost68
5.3TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS68
5.3.1REVENUE SHIFT AND NEW REVENUE POCKETS FOR ENERGY MANAGEMENT SYSTEM PROVIDERS68
FIGURE 28REVENUE SHIFT FOR ENERGY MANAGEMENT SYSTEM PROVIDERS69
5.4MARKET MAP69
FIGURE 29ENERGY MANAGEMENT SYSTEMS MARKET: MARKET MAP69
TABLE 3ENERGY MANAGEMENT SYSTEMS MARKET: ROLE IN ECOSYSTEM70
5.5PRICING ANALYSIS71
TABLE 4INDICATIVE PRICING ANALYSIS OF KEY OFFERINGS BY KEY PLAYERS/MAJOR PLAYERS/ MAJOR MARKET COMPETITORS71
5.6VALUE CHAIN ANALYSIS72
FIGURE 30ENERGY MANAGEMENT SYSTEMS MARKET: VALUE CHAIN ANALYSIS72
5.6.1RAW MATERIAL PROVIDERS/SUPPLIERS72
5.6.2COMPONENT MANUFACTURERS73
5.6.3ENERGY MANAGEMENT SYSTEM INTEGRATORS/ASSEMBLERS73
5.6.4BUYERS/END USERS73
5.6.5POST-SALES SERVICES73
5.7TECHNOLOGY ANALYSIS73
5.7.1IOT-CONNECTED ENERGY MANAGEMENT SYSTEMS73
5.8KEY CONFERENCES AND EVENTS, 2022–202474
TABLE 5ENERGY MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS74
5.9TARIFFS, CODES, AND REGULATIONS76
5.9.1TARIFFS RELATED TO ENERGY MANAGEMENT SYSTEMS77
TABLE 6IMPORT TARIFFS FOR HS 903210 THERMOSTATS IN 202077
TABLE 7IMPORT TARIFFS FOR HS 9028 UTILITY METERS IN 202078
5.10TRADE ANALYSIS78
5.10.1TRADE ANALYSIS FOR THERMOSTATS78
5.10.2EXPORT SCENARIO FOR THERMOSTATS79
TABLE 8EXPORTED SCENARIO FOR HS CODE: 903210, BY COUNTRY, 2020–2022 (USD)79
5.10.3IMPORT SCENARIO FOR THERMOSTATS80
TABLE 9IMPORT SCENARIO FOR HS CODE: 903210, BY COUNTRY, 2020–2022 (USD)80
5.10.4TRADE ANALYSIS FOR UTILITY METERS80
5.10.5EXPORT SCENARIO FOR UTILITY METERS80
TABLE 10EXPORT SCENARIO FOR HS CODE: 902830, BY COUNTRY, 2020–2022 (USD)81
TABLE 11EXPORT SCENARIO FOR HS CODE: 902890, BY COUNTRY, 2020–2022 (USD)81
5.10.6IMPORT SCENARIO FOR UTILITY METERS82
TABLE 12IMPORT SCENARIO FOR HS CODE: 902830, BY COUNTRY, 2020–2022 (USD)82
TABLE 13IMPORT SCENARIO FOR HS CODE: 902890, BY COUNTRY, 2020–2022 (USD)83
5.10.7REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS84
TABLE 14NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS84
TABLE 15EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS85
TABLE 16ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS86
TABLE 17REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS87
5.10.8CODES AND REGULATIONS RELATED TO ENERGY MANAGEMENT SYSTEMS87
TABLE 18ENERGY MANAGEMENT SYSTEMS: CODES AND REGULATIONS87
5.11INNOVATIONS AND PATENT REGISTRATIONS89
TABLE 19ENERGY MANAGEMENT SYSTEMS: INNOVATIONS AND PATENT REGISTRATIONS, JANUARY 2020–DECEMBER 202189
5.12PORTER’S FIVE FORCES ANALYSIS96
FIGURE 31PORTER’S FIVE FORCES ANALYSIS FOR ENERGY MANAGEMENT SYSTEMS MARKET96
TABLE 20ENERGY MANAGEMENT SYSTEMS MARKET: PORTER’S FIVE FORCES ANALYSIS97
5.12.1THREAT OF SUBSTITUTES97
5.12.2BARGAINING POWER OF SUPPLIERS97
5.12.3BARGAINING POWER OF BUYERS97
5.12.4THREAT OF NEW ENTRANTS98
5.12.5INTENSITY OF COMPETITIVE RIVALRY98
5.13KEY STAKEHOLDERS AND BUYING CRITERIA98
5.13.1KEY STAKEHOLDERS IN BUYING PROCESS98
FIGURE 32INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS98
TABLE 21INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS99
5.14BUYING CRITERIA99
FIGURE 33INFLUENCE OF KEY STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END USERS99
TABLE 22KEY BUYING CRITERIA FOR TOP 3 END USERS99
5.15CASE STUDY ANALYSIS100
5.15.1LEADING PROPERTY COMPANY IN NEW ZEALAND TO REACH GREEN STAR GOALS AND SUSTAINABILITY TARGETS100
5.15.1.1Problem statement100
5.15.1.2Solution100
5.15.2TECHNOLOGICAL CAPABILITIES OF ENERCON MONITORED VIA BUILDING MANAGEMENT SYSTEMS100
5.15.2.1Problem statement100
5.15.2.2Solution100
5.15.3LUNDIN NORWAY EDVARD GRIEG PLATFORM AND HONEYWELL DEVELOPED DIGITAL TWINS FOR ENERGY MANAGEMENT SYSTEMS101
5.15.3.1Problem statement101
5.15.3.2Solution101
6ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT102
6.1INTRODUCTION103
FIGURE 34ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2022103
TABLE 23ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)103
TABLE 24ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)104
6.2SOFTWARE104
6.2.1AUTOMATIC CONTROL CAPABILITIES OFFERED BY SOFTWARE-BASED EMS TO INCREASE DEMAND104
TABLE 25SOFTWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)105
TABLE 26SOFTWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)105
6.3HARDWARE105
6.3.1GROWING ADOPTION OF DIGITAL TECHNOLOGIES TO PROMOTE MARKET GROWTH105
TABLE 27HARDWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)106
TABLE 28HARDWARE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)106
6.4SERVICES107
6.4.1ADVANTAGE OF REDUCTION IN ELECTRICITY BILLS TO BOOST MARKET107
TABLE 29SERVICES: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)107
TABLE 30SERVICES: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)107
7ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE108
7.1INTRODUCTION109
FIGURE 35ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2022109
TABLE 31ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)109
TABLE 32ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)110
7.2HOME ENERGY MANAGEMENT SYSTEMS110
7.2.1GROWING DEPLOYMENT OF SMART GRIDS TO DRIVE MARKET110
TABLE 33HOME ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)111
TABLE 34HOME ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)111
7.3BUILDING ENERGY MANAGEMENT SYSTEMS111
7.3.1INCREASING USE OF IT EQUIPMENT TO DRIVE MARKET111
TABLE 35BUILDING ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)112
TABLE 36BUILDING ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)112
7.4INDUSTRIAL ENERGY MANAGEMENT SYSTEMS113
7.4.1VARIOUS GOVERNMENT POLICIES AND REGULATIONS TO DRIVE MARKET113
TABLE 37INDUSTRIAL ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)114
TABLE 38INDUSTRIAL ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)114
8ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT115
8.1INTRODUCTION116
FIGURE 36ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2022116
TABLE 39ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)116
TABLE 40ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)117
8.2ON-PREMISES117
8.2.1REPLACEMENT OF CURRENT ON-PREMISES DEPLOYMENTS TO SPUR MARKET GROWTH117
TABLE 41ON-PREMISES: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)117
TABLE 42ON-PREMISES: ENERGY MANAGEMENT SYSTEMS, BY REGION, 2023–2028 (USD BILLION)118
8.3CLOUD-BASED118
8.3.1ACCESSIBILITY OF CLOUD-BASED ENERGY MANAGEMENT SYSTEMS TO BOOST DEMAND118
TABLE 43CLOUD-BASED: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)119
TABLE 44CLOUD-BASED: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)119
9ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY120
9.1INTRODUCTION121
FIGURE 37ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2022121
TABLE 45ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)121
TABLE 46ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)122
9.2POWER & ENERGY122
9.2.1DEMAND FOR EMS TO INCREASE DUE TO DECARBONIZATION GOALS122
TABLE 47POWER & ENERGY: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)123
TABLE 48POWER & ENERGY: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)123
9.3TELECOM & IT123
9.3.1INVESTMENTS IN HYPERSCALE DATA CENTERS TO DRIVE MARKET123
TABLE 49TELECOM & IT: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)124
TABLE 50TELECOM & IT: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)124
9.4MANUFACTURING124
9.4.1NEED FOR EMS TO DEVELOP SMART FACTORIES TO BOOST MARKET124
TABLE 51MANUFACTURING: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)125
TABLE 52MANUFACTURING: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)125
9.5RESIDENTIAL & COMMERCIAL125
9.5.1GOVERNMENT SUPPORT TO INCREASE ENERGY SAVINGS TO DRIVE MARKET125
TABLE 53RESIDENTIAL & COMMERCIAL: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)126
TABLE 54RESIDENTIAL & COMMERCIAL: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)126
9.6FOOD & BEVERAGE127
9.6.1NEED FOR ENERGY-EFFICIENT PRODUCTION TO DRIVE MARKET127
TABLE 55FOOD & BEVERAGE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)127
TABLE 56FOOD & BEVERAGE: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)128
9.7OTHERS128
TABLE 57OTHERS: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)129
TABLE 58OTHERS: ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)129
10ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION130
10.1INTRODUCTION131
FIGURE 38ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2022131
FIGURE 39ASIA PACIFIC ENERGY MANAGEMENT SYSTEMS MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD132
TABLE 59ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2020–2022 (USD BILLION)132
TABLE 60ENERGY MANAGEMENT SYSTEMS MARKET, BY REGION, 2023–2028 (USD BILLION)132
10.2NORTH AMERICA133
10.2.1RECESSION IMPACT ANALYSIS133
FIGURE 40NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET SNAPSHOT134
10.2.2BY COMPONENT134
TABLE 61NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)134
TABLE 62NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)135
10.2.3BY TYPE135
TABLE 63NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)135
TABLE 64NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)135
10.2.4BY DEPLOYMENT135
TABLE 65NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)135
TABLE 66NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)136
10.2.5BY END-USE INDUSTRY136
TABLE 67NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)136
TABLE 68NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)136
10.2.6BY COUNTRY137
TABLE 69NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)137
TABLE 70NORTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)137
10.2.6.1US137
10.2.6.1.1Adoption of smart building technologies to drive market137
TABLE 71US: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)138
TABLE 72US: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)138
10.2.6.2Canada138
10.2.6.2.1Focus on distributed solutions and demand-side management to boost market138
TABLE 73CANADA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)139
TABLE 74CANADA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)140
10.2.6.3Mexico140
10.2.6.3.1Capacity building to enhance industrial energy efficiency to drive market140
TABLE 75MEXICO: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)141
TABLE 76MEXICO: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)141
10.3EUROPE141
10.3.1RECESSION IMPACT ANALYSIS142
FIGURE 41EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET SNAPSHOT143
10.3.2BY COMPONENT143
TABLE 77EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)143
TABLE 78EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)144
10.3.3BY TYPE144
TABLE 79EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)144
TABLE 80EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)144
10.3.4BY DEPLOYMENT144
TABLE 81EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)144
TABLE 82EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)145
10.3.5BY END-USE INDUSTRY145
TABLE 83EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)145
TABLE 84EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)145
10.3.6BY COUNTRY146
TABLE 85EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)146
TABLE 86EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)146
10.3.6.1Germany146
10.3.6.1.1Tax benefits to drive market for energy management systems146
TABLE 87GERMANY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)147
TABLE 88GERMANY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)147
10.3.6.2UK147
10.3.6.2.1Encouraging energy efficiency in buildings to drive market147
TABLE 89UK: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)148
TABLE 90UK: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)148
10.3.6.3France149
10.3.6.3.1Focus on smart meter installation to drive market149
TABLE 91FRANCE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)149
TABLE 92FRANCE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)150
10.3.6.4Italy150
10.3.6.4.1Decarbonization and digitalization to drive market150
TABLE 93ITALY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)151
TABLE 94ITALY: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)151
10.3.6.5Rest of Europe151
TABLE 95REST OF EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)152
TABLE 96REST OF EUROPE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)152
10.4ASIA PACIFIC152
10.4.1RECESSION IMPACT ANALYSIS153
10.4.2BY COMPONENT154
TABLE 97ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)154
TABLE 98ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)154
10.4.3BY TYPE154
TABLE 99ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)154
TABLE 100ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)155
10.4.4BY DEPLOYMENT155
TABLE 101ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)155
TABLE 102ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)155
10.4.5BY END-USE INDUSTRY156
TABLE 103ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)156
TABLE 104ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)156
10.4.6BY COUNTRY156
TABLE 105ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)156
TABLE 106ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)157
10.4.6.1China157
10.4.6.1.1Carbon neutrality goals to drive market157
TABLE 107CHINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)158
TABLE 108CHINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)158
10.4.6.2India158
10.4.6.2.1Increasing electricity demand to drive market158
TABLE 109INDIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)159
TABLE 110INDIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)159
10.4.6.3Japan160
10.4.6.3.1Implementation of new international standards to fuel market160
TABLE 111JAPAN: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)161
TABLE 112JAPAN: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)161
10.4.6.4Rest of Asia Pacific161
TABLE 113REST OF ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)162
TABLE 114REST OF ASIA PACIFIC: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)163
10.5MIDDLE EAST & AFRICA163
10.5.1RECESSION IMPACT ANALYSIS163
10.5.2BY COMPONENT164
TABLE 115MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)164
TABLE 116MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)164
10.5.3BY TYPE164
TABLE 117MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)164
TABLE 118MIDDLE EAST & AFRICA ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)165
10.5.4BY DEPLOYMENT165
TABLE 119MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)165
TABLE 120MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)165
10.5.5BY END-USE INDUSTRY166
TABLE 121MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)166
TABLE 122MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)166
10.5.6BY COUNTRY166
TABLE 123MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)166
TABLE 124MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)167
10.5.6.1Saudi Arabia167
10.5.6.1.1Integration of solar power generation in energy mix to drive demand167
TABLE 125SAUDI ARABIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)168
TABLE 126SAUDI ARABIA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)168
10.5.6.2UAE168
10.5.6.2.1Infrastructure expansion and rapid economic growth to propel market168
TABLE 127UAE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)169
TABLE 128UAE: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)169
10.5.6.3South Africa170
10.5.6.3.1Rising focus on energy efficiency to drive market170
TABLE 129SOUTH AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)170
TABLE 130SOUTH AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)170
10.5.6.4Rest of Middle East & Africa171
TABLE 131REST OF MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)171
TABLE 132REST OF MIDDLE EAST & AFRICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)171
10.6SOUTH AMERICA172
10.6.1BY COMPONENT172
TABLE 133SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2020–2022 (USD BILLION)172
TABLE 134SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2023–2028 (USD BILLION)172
10.6.2BY TYPE173
TABLE 135SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2020–2022 (USD BILLION)173
TABLE 136SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2023–2028 (USD BILLION)173
10.6.3BY DEPLOYMENT173
TABLE 137SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2020–2022 (USD BILLION)173
TABLE 138SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY DEPLOYMENT, 2023–2028 (USD BILLION)173
10.6.4BY END-USE INDUSTRY174
TABLE 139SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)174
TABLE 140SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)174
10.6.5BY COUNTRY174
TABLE 141SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2020–2022 (USD BILLION)174
TABLE 142SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, 2023–2028 (USD BILLION)175
10.6.5.1Brazil175
10.6.5.1.1Economic growth and focus on energy conservation to drive demand175
TABLE 143BRAZIL: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)176
TABLE 144BRAZIL: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)176
10.6.5.2Argentina176
10.6.5.2.1Rising energy demand from industries to drive market176
TABLE 145ARGENTINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)177
TABLE 146ARGENTINA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)177
10.6.5.3Rest of South America177
TABLE 147REST OF SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2020–2022 (USD BILLION)178
TABLE 148REST OF SOUTH AMERICA: ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USE INDUSTRY, 2023–2028 (USD BILLION)178
11COMPETITIVE LANDSCAPE179
11.1OVERVIEW179
11.2STRATEGIES ADOPTED BY KEY PLAYERS179
TABLE 149OVERVIEW OF KEY STRATEGIES DEPLOYED BY TOP PLAYERS, AUGUST 2018–APRIL 2022179
11.3MARKET SHARE ANALYSIS OF TOP FIVE PLAYERS181
TABLE 150ENERGY MANAGEMENT SYSTEMS MARKET: DEGREE OF COMPETITION181
FIGURE 42ENERGY MANAGEMENT SYSTEMS MARKET SHARE ANALYSIS, 2022182
11.4REVENUE ANALYSIS OF TOP FIVE MARKET PLAYERS183
FIGURE 43TOP PLAYERS IN ENERGY MANAGEMENT SYSTEMS MARKET, 2018–2022183
11.5COMPANY EVALUATION MATRIX184
11.5.1STARS184
11.5.2PERVASIVE PLAYERS184
11.5.3EMERGING LEADERS184
11.5.4PARTICIPANTS184
FIGURE 44ENERGY MANAGEMENT SYSTEMS MARKET: COMPANY EVALUATION MATRIX, 2022185
11.6START-UP/SME EVALUATION MATRIX, 2022185
11.6.1PROGRESSIVE COMPANIES185
11.6.2RESPONSIVE COMPANIES185
11.6.3DYNAMIC COMPANIES186
11.6.4STARTING BLOCKS186
FIGURE 45ENERGY MANAGEMENT SYSTEMS MARKET: START-UP/SME EVALUATION MATRIX, 2022186
11.7COMPETITIVE BENCHMARKING187
TABLE 151ENERGY MANAGEMENT SYSTEMS MARKET: DETAILED LIST OF KEY START-UPS/SMES187
TABLE 152ENERGY MANAGEMENT SYSTEMS MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (START-UPS/SMES)188
11.8ENERGY MANAGEMENT SYSTEMS MARKET: COMPANY FOOTPRINT188
TABLE 153COMPANY FOOTPRINT: BY COMPONENT188
TABLE 154COMPANY FOOTPRINT: BY TYPE189
TABLE 155COMPANY FOOTPRINT: BY END-USE INDUSTRY190
TABLE 156COMPANY FOOTPRINT: REGION191
TABLE 157COMPANY PRODUCT FOOTPRINT192
11.9COMPETITIVE SCENARIO193
TABLE 158ENERGY MANAGEMENT SYSTEMS MARKET: PRODUCT LAUNCHES, APRIL 2019–MARCH 2022193
TABLE 159ENERGY MANAGEMENT SYSTEMS MARKET: DEALS, MARCH 2019–MAY 2022194
TABLE 160ENERGY MANAGEMENT SYSTEMS MARKET: OTHERS, APRIL 2020–MARCH 2022198
12COMPANY PROFILES199
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1KEY PLAYERS199
12.1.1ABB199
TABLE 161ABB: COMPANY OVERVIEW199
FIGURE 46ABB: COMPANY SNAPSHOT (2021)200
TABLE 162ABB: PRODUCTS/SOLUTIONS/SERVICES OFFERED200
TABLE 163ABB: PRODUCT LAUNCHES201
TABLE 164ABB: DEALS201
TABLE 165ABB: OTHERS202
12.1.2SCHNEIDER ELECTRIC204
TABLE 166SCHNEIDER ELECTRIC: COMPANY OVERVIEW204
FIGURE 47SCHNEIDER ELECTRIC: COMPANY SNAPSHOT (2021)205
TABLE 167SCHNEIDER ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED205
TABLE 168SCHNEIDER ELECTRIC: PRODUCT LAUNCHES206
TABLE 169SCHNEIDER ELECTRIC: DEALS207
12.1.3SIEMENS209
TABLE 170SIEMENS: COMPANY OVERVIEW209
FIGURE 48SIEMENS: COMPANY SNAPSHOT (2022)210
TABLE 171SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED210
TABLE 172SIEMENS: PRODUCT LAUNCHES211
TABLE 173SIEMENS: DEALS211
TABLE 174GENERAL ELECTRIC: COMPANY OVERVIEW213
FIGURE 49GENERAL ELECTRIC: COMPANY SNAPSHOT (2021)214
TABLE 175GENERAL ELECTRIC: PRODUCTS/SOLUTIONS/SERVICES OFFERED214
TABLE 176GENERAL ELECTRIC: DEALS215
TABLE 177GENERAL ELECTRIC: OTHERS216
12.1.5EMERSON ELECTRIC CO.217
TABLE 178EMERSON ELECTRIC CO.: COMPANY OVERVIEW217
FIGURE 50EMERSON ELECTRIC CO.: COMPANY SNAPSHOT (2021)218
TABLE 179EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED218
TABLE 180EMERSON ELECTRIC CO.: PRODUCT LAUNCHES219
TABLE 181EMERSON ELECTRIC CO.: DEALS220
12.1.6CISCO SYSTEMS, INC.221
TABLE 182CISCO SYSTEMS, INC.: COMPANY OVERVIEW221
FIGURE 51CISCO SYSTEMS, INC.: COMPANY SNAPSHOT (2021)222
TABLE 183CISCO SYSTEMS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED222
TABLE 184CISCO SYSTEMS, INC.: DEALS223
12.1.7HONEYWELL INTERNATIONAL INC.224
TABLE 185HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW224
FIGURE 52HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT (2021)225
TABLE 186HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED225
TABLE 187HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES226
TABLE 188HONEYWELL INTERNATIONAL INC.: DEALS227
TABLE 189HONEYWELL INTERNATIONAL INC.: OTHERS228
12.1.8EATON229
TABLE 190EATON: COMPANY OVERVIEW229
FIGURE 53EATON: COMPANY SNAPSHOT (2021)230
TABLE 191EATON: PRODUCTS/SOLUTIONS/SERVICES OFFERED230
TABLE 192EATON: PRODUCT LAUNCHES231
TABLE 193EATON: DEALS232
12.1.9MITSUBISHI ELECTRIC CORPORATION233
TABLE 194MITSUBISHI ELECTRIC CORPORATION: COMPANY OVERVIEW233
FIGURE 54MITSUBISHI ELECTRIC CORPORATION: COMPANY SNAPSHOT (2021)234
TABLE 195MITSUBISHI ELECTRIC CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED234
TABLE 196MITSUBISHI ELECTRIC CORPORATION: PRODUCT LAUNCHES235
TABLE 197MITSUBISHI ELECTRIC CORPORATION: DEALS235
12.1.10IBM237
TABLE 198IBM: COMPANY OVERVIEW237
FIGURE 55IBM: COMPANY SNAPSHOT (2021)238
TABLE 199IBM: PRODUCTS/SOLUTIONS/SERVICES OFFERED238
TABLE 200IBM: PRODUCT LAUNCHES239
TABLE 201IBM: DEALS239
12.1.11HITACHI241
TABLE 202HITACHI: COMPANY OVERVIEW241
FIGURE 56HITACHI: COMPANY SNAPSHOT (2020)242
TABLE 203HITACHI: PRODUCTS/SOLUTIONS/SERVICES OFFERED242
TABLE 204HITACHI: DEALS243
12.1.12ROCKWELL AUTOMATION, INC.244
TABLE 205ROCKWELL AUTOMATION, INC.: COMPANY OVERVIEW244
FIGURE 57ROCKWELL AUTOMATION, INC.: COMPANY SNAPSHOT (2021)245
TABLE 206ROCKWELL AUTOMATION, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED245
TABLE 207ROCKWELL AUTOMATION, INC.: DEALS246
12.1.13YOKOGAWA ELECTRIC CORPORATION247
TABLE 208YOKOGAWA ELECTRIC CORPORATION: BUSINESS OVERVIEW247
FIGURE 58YOKOGAWA ELECTRIC CORPORATION: COMPANY SNAPSHOT (2020)248
TABLE 209YOKOGAWA ELECTRIC CORPORATION: PRODUCTS OFFERED248
TABLE 210YOKOGAWA ELECTRIC CORPORATION: PRODUCT LAUNCHES249
TABLE 211YOKOGAWA ELECTRIC CORPORATION: DEALS250
TABLE 212YOKOGAWA ELECTRIC CORPORATION: OTHERS251
12.1.14C3
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