Global Energy Management System Market Share, Trends and Forecast to 2025
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The increasing demand for energy efficient systems is the factor that driving the EMS market growth. Whereas, increasing the installation cost of the system and less awareness among people regarding the utilization of the energy management system is considered as the major restraint for the growth of the market. The advancement in EMS and the introduction of the smart energy management system is creating the opportunity for the global EMS market. Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America region is having considerable market share in global market due to increasing government initiative for energy saving. For instance, the US Department of Energy’s State Energy Program (SEP) offers to fund to states, which enables to enhance energy security, energy initiatives, and reduce energy waste. However, in Asia-Pacific, the demand for an energy management system and government initiatives for saving energy is increasing. In India, urbanization is considered a major reason for rising energy consumption, as most of the populations are shifting from rural areas to cities. Therefore, there is an increase in electric grids, buildings, water treatment infrastructure, roads, and industrial facilities. The rapid urbanization in the region increases the demand for an energy management system in the region.
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In EMS, proper algorithms are required to develop, control and enables renewable power sources to utilize and automatically limit heavy loads. The smart energy management systems for residential use is implemented to manage the energy consumption of household appliances and smart algorithm switch between power sources to improvise distributed energy resource. The need for home energy management systems (HEMS) is increasing as technology allows to improvise small-scale solar power and battery storage. The HEMS is a technology-based platform as it involves both hardware and software, which allow the user to monitor energy usage and production. The system assists devices to turn on and off remotely, manage the flow of energy, set devices to operate on schedules and allows machine learning to operate system semi-automatically.
Global Energy Management System Market Segmentation
By System Type
• Home Energy Management System
• Building Energy Management System
• Industrial Energy Management System
• Telecom & IT
• United States
• Rest of Europe
• Rest of Asia-Pacific
Rest of the World
• C3 IoT, Inc.
• Cisco System, Inc.
• Delta Electronics, Inc.
• Dexma Sensors, S.L.
• Distech Controls, Inc.
• Energy Management Solutions, Inc.
• General Electric Co.
• GridPoint, Inc.
• Honeywell International, Inc.
• IBM Corp.
• Johnson Controls International PLC
• MidAmerican Energy Services, LLC
• Phoenix Energy Technologies
• Rockwell Automation, Inc.
• SAP SE
• Schneider Electric SE
• Siemens AG
• Tendril Networks, Inc.
• Yokogowa Electric Corp.
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