The Global Energy Management System Market Size Was Valued At USD 24.73 Billion In 2021. The Market Is Expected To Grow From USD 27.31 Billion In 2022 To USD 60.54 Billion By 2030, Exhibiting A CAGR Of 12.0% During The Forecast Period.
Energy Management System Market Overview
Global Energy Management System Market Size, Status, and Forecast 2023-2030. In-depth research accumulated to offer the latest insights about acute features of the global Energy Management System market. This report provides a detailed overview of key factors in the Energy Management System Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. The impact of the COVID-19 outbreak on the industry was fully assessed. Fully risk assessment and industry recommendations were made for Energy Management System in a special period. This report also compares the markets of Pre COVID-19 and Post COVID-19. In addition, research considers the impact of the COVID-19/Russia-Ukraine War on the regional economy.
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Market Overview:
The effects of COVID-19 on the world have been unprecedented and shocking. For example, demand is lower than expected in all regions compared to before the pandemic. Based on what we found, the global market was 9.3% smaller in 2020 than it was in 2019.
As part of the study, we looked at different solutions, such as EcoStructurePower Design, Electrical Calculation Tools, SIMATIC Energy Management, and the Advanced Energy Management System. Smart metres and smart grids are becoming more popular, which is a big reason why the market value is going up. Aside from this, governments all over the world are taking steps to digitise their national energy systems to make them more efficient and valuable, which will help the economy grow. Governments in a lot of different countries are putting a lot of effort into building energy systems that are safe, cheap, and long-lasting. This is causing a lot of market growth. Energy management is also important because the government has strict rules and policies about using green and sustainable energy.
Adoption will be driven by global energy issues, such as getting the most out of renewable energy sources, lowering our carbon footprint, controlling greenhouse gas emissions, and reducing how much energy we use. The different standards and measures for saving energy increase the need for a sustainable energy framework. Also, the market has been moved by the growing investments in energy-efficient smart buildings, smart cities, and smart industry projects.
Some of the key players profiled in the study are
General Electric Company (Massachusetts, U.S.), IBM Corporation (New York, U.S.), Honeywell International Inc. (North Carolina, U.S.), Rockwell Automation Inc. (Wisconsin, U.S.), Schneider Electric SE(Rueil-Malmaison, France), SAP SE (Walldorf, Germany), Siemens (Munich, Germany), Eaton (Dublin, Ireland), Mitsubishi Electric Corporation (Tokyo, Japan), Cisco System Inc. (California, U.S.), and Others.
Energy Management System Market Segmentation:
By Type:
- System
- Services
- Others
By End-user:
- Oil & Gas
- Manufacturing
- Building Automation
- Energy & Utilities
- Automotive
- Pharmaceutical
- Others
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia, and New Zealand, etc.
Regional Insights:
Presently, North America has the biggest share of the market, and this is likely to stay the case. Measures in ISO 50001 that help with LEED certification are driving the adoption of energy systems across the region. Politics also has a big effect on how U.S. energy rules are changed. Policy changes are having a direct effect on how many people adopt. Leading North American companies like Microsoft, Apple, IBM, and others are investing in developing advanced EMS solutions to cut down on wasted energy. So, big companies are getting steadily more behind infrastructure that uses less energy. Industry programmes like the North American Energy Management Pilot Program, which helps save energy and natural resources, are also helping the market grow.
Europe also has a big share of the market because more and more people are looking for ways to update their old power grids with smart grid solutions. Also, the European Union is pushing for different standards and rules to make energy use more efficient. This is making more people in Europe want the power management system.
Asia-Pacific is expected to have the highest CAGR during the time frame of the forecast. Changes in the infrastructure for clean energy in the area will drive this growth. As industrial and residential buildings change, smart grid and smart metering solutions are needed to make the best use of energy. Also, the fact that the regional energy associations have set up an ambitious agenda for sustainable energy helps the demand for next-generation solutions and services for energy management.
The markets in Latin America, the Middle East, and Africa are expected to grow slowly over the next few years. These places want to build smart cities and cut down on carbon emissions, so they use smart technologies to cut down on these harmful gases.
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Table of Content of Energy Management System Market:
1: Introduction, market driving force product Objective of Study, and Research Scope of the Global Energy Management System market (2023-2030).
2: Exclusive Summary – the basic information of the Global Energy Management System Market.
3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Global Energy Management System; Post COVID Analysis.
4: Presenting the Global Energy Management System Market Factor Analysis, Post COVID Impact Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
5: Displaying the by Type, End User and Region/Country 2017-2022.
6: Evaluating the leading manufacturers of the Global Energy Management System Market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile.
7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2023-2030).
… To be continued
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Key Questions Answered in the Energy Management System Market Report:
- How much was the global Energy Management System market in 2022?
- How much will the global Energy Management System market worth in 2030?
- At what compound annual growth rate will the global Energy Management System market grow?
- Which segment is estimated to lead the Construction Robot market during the forecast period?
- What is the key market driver for the growth of the global Energy Management System market?
A wealth of financial data & business strategy information is provided including:
- Up-to-date company financials, sales & revenue figures.
- Revenue and market forecasts.
- Business model strategies for niche companies.
- A comprehensive explanation of company products, financials & portfolios.
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