How much is Energy Management System (EMS) Market worth?

An energy management system is a system of computer-aided tools utilized to control, monitor, and optimize the performance of the transmission or generation system. In layman’s term, it is a database of information related to usage of financial data, energy resources, and other essential factors that aid organizations in controlling, monitoring, and analyzing operations. EMS is used by large enterprises to monitor and track energy usage in their facilities. EMS software helps to assess and build operator’s energy consumption targets, analyze consumption trends, and identify and validate opportunities for energy efficient programs, in order to minimize operational and energy costs. Currently, enterprises are required to monitor and analyze their performance in a number of ways.

The global energy management system (EMS) market was valued at US$ 9,224.6 Mn in 2019 and is expected grow at a CAGR of 14.8% during the forecast period (2019-2027).

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Growing demand for energy management systems in commercial sectors is expected to drive growth of the global energy management system (EMS) market during the forecast period
Currently, a number of organizations are facing challenges regarding reducing energy consumption. Increasing pressure to adopt sustainable energy solutions is expected to boost the adoption of energy management solutions in industrial and commercial sectors. Furthermore, energy management solutions help enterprises in minimizing operational costs and greenhouse gas emission, which in turn, is expected to support organizations to invest in energy management solutions, thereby driving growth of the market. For instance, Microsoft Corporation, France has invested in Schneider Electric’s energy management solution, in order to expand its operational capabilities and reduce carbon footprint. Furthermore, Adoption of energy management solutions has facilitated reduction of power consumption by 30%.

Constant increase in regulatory obligations and industry guidelines is expected to propel the global energy management system (EMS) market over the forecast period
All resource-intensive industries use vast amounts of raw materials, energy, resources, and water, which eventually leads to significant generation of solid waste, emissions, and effluents. Hence, these industries are often subjected to stringent global and domestic regulations with various plant-level geography compliances. In order to comply with the strict regulatory policies, enterprises are incorporating sustainability management solutions or adopting EMS solutions to ensure reduction in carbon footprint and control on waste generation. For instance, in 2012, Europe Energy Efficiency Directive established a set of rules to reduce energy wastage and to reach a 20% energy efficiency target by 2020. The objective of the directive is to encourage efficient energy consumption at all stages of energy chain and adapt energy sustainability.

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