March 28, 2020

Energy Management Systems (EMS) Market (14.2% CAGR) 2022: Global Industry Size, Share, Growth, Trends and Forecast

According to a new market report published by Credence Research, Inc., “Energy Management Systems (EMS) Market  – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the energy management systems (EMS) market is expected to expand at a CAGR of 14.2% from 2015 to 2022, reaching US$ 57.8 Bn by 2022.

Product and Market Insights

Energy management systems (EMS) are electronic devices that allow consumers to monitor, control, and manage their energy consumption optimally. The global energy management systems (EMS) market for building and residential applications is currently in the nascent stage of development. The industry has been committed towards developing a universal platform capable of addressing issues concerned with the interface, interoperability, and installation.

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Competitive Insights

The global energy management systems (EMS) market is competitive and technology driven. The market competition is characterized by the presence of both and core solution providers and application sub-system suppliers. Their approach has been to offer energy management solutions as a part of home and industrial automation products and services. The new entrants in the energy management systems (EMS) market require substantial capital investment. Being a technology driven market, players entering the market are required to keep pace with the technological advancements and dedicate substantial budget for research and development activities. On the contrary, favorable government regulations promoting optimum energy consumption is expected to have positive impact on the new players entering the market. Thus, the existing energy management systems market poses moderate threat to new entrants.

Key Trends

  • Growing interest in residential demand response and roll-out of smart utility meters
  • Increasing efforts by manufacturers to develop multi-featured energy management systems capable of connecting with multiple control devices and being managed from a remote location
  • Growing desire to manage electricity consumption and curb electricity bills

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List of Companies Covered:

  • Panasonic Corporation
  • Honeywell International, Inc.
  • General Electric Company
  • Cisco Systems, Inc.
  • Schneider Electric SE
  • Johnson Controls, Inc.
  • Siemens AG
  • Rockwell Automation, Inc.
  • Emerson Electric Company
  • Eaton Corporation Plc
  • C3 Energy

Market Segmentation

By Type

  • Pac-Man Analysis
  • Industrial Energy Management Systems Market (IEMS)
  • Building Energy Management Systems Market (BEMS)
  • Home Energy Management Systems Market (HEMS)

By Component Type

  • Doughnut Analysis
  • Hardware
  • Software
  • Others (Communication Network, etc.)

By End-use Type

  • Doughnut Analysis
  • Industrial
  • Manufacturing
  • Power Utilities and Energy
  • Construction
  • Others (Mining, etc.)
  • Commercial
  • IT and Telecom
  • Retail
  • Healthcare
  • Others
  • Residential

By Geography Segment

• North America (U.S., Rest of North America)

 • Europe (U.K., Germany, France, Rest of Europe)

 • Asia Pacific (Japan, China, India, Rest of APAC)

 • Rest of the World (Middle East & Africa, Latin America)

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