The global Energy Management Systems Market in terms of revenue was estimated to be worth $44.19 billion in 2024 and is poised to reach $84.34 billion by 2029, growing at a CAGR of 13.8% from 2024 to 2029 according to a new report by MarketsandMarkets™.
The global EMS market is mainly pushed through the increasing emphasis on power efficiency and the growing need to reduce operational prices across diverse industries. As energy expenses keep to differ and regulatory pressures accentuate, organizations are in search of advanced solutions to optimize strength intake, improve productivity, and reduce carbon emissions. EMS solutions offer actual-time monitoring, predictive analytics, and automation abilities that permit organizations to manipulate their energy utilization more efficiently, main to big cost financial savings and more advantageous sustainability. This demand for electricity efficiency is specially robust in strength-in depth sectors which includes manufacturing, utilities, and industrial actual property, wherein the implementation of EMS can result in sizeable financial and environmental advantages.
Another key driving force is the worldwide push in the direction of sustainability and the transition to renewable energy assets. Governments and regulatory bodies global are enforcing stringent strength efficiency standards and carbon reduction goals, compelling corporations to adopt EMS to conform with these mandates. EMS answers play a crucial position in handling the combination of renewable energy sources, such as solar and wind, into current electricity systems, ensuring that electricity consumption is optimized and emissions are minimized. This alignment with worldwide sustainability desires is accelerating the adoption of EMS throughout various areas, further driving market growth. Technological improvements are also extensively contributing to the enlargement of the EMS market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1189
Power & Energy segment, by End-use industry, to be the fifth-largest market segment.
The Power & Energy segment holds the fifth-largest market share in the global Energy Management Systems (EMS) market due to its critical role in optimizing energy production, distribution, and consumption across a highly regulated and infrastructure-heavy industry. While the sector is fundamental to the broader energy ecosystem, its market share within the EMS market is comparatively lower because of the slower pace of technology adoption and the complexities involved in integrating advanced EMS solutions into existing power grids and generation facilities. However, the rising emphasis on grid modernization, the integration of renewable energy sources, and the need for improved efficiency in power generation and transmission are driving the gradual adoption of EMS in this segment. As utilities and energy providers face increasing pressure to reduce operational costs and comply with stringent environmental regulations, the demand for EMS solutions is expected to grow, albeit at a more measured pace compared to other industries.
Cloud-based segment, by Deployment, to hold the second largest market in Energy Management Systems Market.
The cloud-based subsegment holds the second -largest market share within the global EMS market because of its flexibility, scalability, and value-effectiveness, which make it incredibly attractive to a wide variety of industries. Unlike on-premises solutions, cloud-based EMS solutions allow organizations to access and control their strength facts remotely, presenting actual-time tracking and control without the need for significant prematurely investment in IT infrastructure. This model is specially attractive to small and medium-sized businesses (SMEs) in addition to big businesses seeking to scale their power management skills across a couple of places. Additionally, the cloud-based solutions’ approach helps seamless integration with other digital technology, consisting of IoT and AI, improving the general efficiency and capability of EMS. The growing demand for remote accessibility, ease of deployment, and the ability to swiftly adapt to converting strength desires are key elements riding the enormous market percentage of the cloud-primarily based phase in the EMS market.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1189
North America to emerge as the largest energy management systems market.
North America holds the largest market share in the global energy management systems market as its advanced energy systems, high technology, strong regulatory framework that promotes energy efficiency and sustainability, encourage Investments in infrastructure, integration of renewable energy, further modernization of aging energy systems contribute to increased use of EMS. Leading EMS providers and well-established markets applications in the energy sector reinforce North America’s leadership position in the global EMS market. Also, the regulatory compliance is another factor for driving demand of EMS systems in this region.
Key Players
Key players in the global Energy Management Systems Market include Schneider Electric (France), Siemens (Germany), Honeywell International Inc. (US), Johnson Controls, Inc (US), ABB (Switzerland), General Electric (US), Eaton (Ireland), Emerson Electric Co. (US), Mitsubishi Electric Corporation (Japan), and Hitachi, Ltd. (Japan)
About MarketsandMarkets™:
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: newsletter@marketsandmarkets.com
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Rohan Salgarkar
Email: Send Email
Phone: 18886006441
Address:1615 South Congress Ave Suite 103
City: Delray Beach
State: FL 33445
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/energy-management-systems-ems-market-1189.html
Press Release Distributed by ABNewswire.com
To view the original version on ABNewswire visit: Energy Management Systems Market worth $84.34 Billion by 2029