Energy Management Systems Market by Offering, Component, Service, Type, End User, and Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2017-2023, the energy management systems market accounted for $25.9 billion in 2016, and is expecte

The global energy management systems market size is expected to reach $62.3 billion by 2023, from $25.9 billion in 2016, growing at a CAGR of 13.5% during the forecast period. Energy management systems allow organizations to collect information related to energy consumption through monitoring, assessing, and visualizing energy consumption. Honeywell International Inc., Johnson Controls International PLC, Schneider Electric S.E., Siemens AG, and Yokogawa Electric Corporation, and General Electric Company are some of the leading key players of the global energy management systems market.

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The demand for energy management systems is on a rapid increase, as these systems help reduce energy cost and increase productivity. Moreover, the government regulations toward energy efficiency have raised the demand for energy management products. Further, the development of public utilities, infrastructure through application of smart solution under the Smart Cities projects is also expected to drive the growth of EMS market in the coming years. However, financial barriers, limited expertise, and fragmented stakeholders are some of the key challenges which hinder the growth of the energy management systems market.

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On the basis of offerings, it is classified into services and systems. Based on components, the global energy management systems market is classified into sensor, controller, software, and others. The end-user industry is divided into residential and commercial segment. The global energy management systems market is analyzed across North America (U.S., Canada & Mexico), Europe (UK, Germany, France, and others), Asia-Pacific (China, India, Japan, & others), and LAMEA (Latin America, Middle East & Africa). In 2016, North America was the highest contributor to the energy management systems market and is anticipated to secure the leading position during the forecast period, owing to rapid technological development, innovation, and economic conditions.

The key players profiled in this report C3 Energy, Delta Electronics Inc., DEXMA, General Electric Company, GrindPoint Inc., Honeywell International Inc., Johnson Controls International PLC, Schneider Electric S.E., Siemens AG, and Yokogawa Electric Corporation.

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KEY MARKET SEGMENTS

By Offering

System
Service
By Component

Sensor
Controller
Software
Others
By Service

Monitoring & Control
Implementation & Integration
Maintenance
Consulting & Training
By Type

Home Energy Management System
Building Energy Management System
Industrial Energy Management System
By End User

Residential
Commercial
By Market Vertical

Power & Energy
Telecom & IT
Manufacturing
Enterprise
Healthcare
Others

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By Region

North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Latin America
Middle East
Africa
KEY MARKET PLAYERS

C3 Energy
Delta Electronics, Inc.
DEXMA
General Electric Company
GridPoint Inc.
Honeywell International Inc.
Johnson Controls International plc
Schneider Electric S.E.
Siemens AG
Yokogawa Electric Corporation

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