Uploaded on Nov 16, 2023
The global energy management systems market size was valued at $36.2 billion in 2020, and is projected to reach $161.9 billion by 2030, growing at a CAGR of 16.2% from 2021 to 2030.
Energy management systems market to Reach $161.9 Billion – 16.2 % CAGR by 2030 | Trends and Growth, Segmentation and Key Companies.
Energy Management Systems Market
The global energy management systems market size
was valued at $36.2 billion in 2020, and is projected
to reach $161.9 billion by 2030, growing at a CAGR
of 16.2% from 2021 to 2030.
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An energy management system (EMS) is a system of computer-
aided tools used by operators of electric utility grids to monitor,
control, and optimize the performance of the generation or
transmission system.
It can be used in small scale systems such as microgrids. It is one of
the emerging technologies that enable an organization to collect real-
time information on the energy use through monitoring, assessing,
and visualizing energy consumption.
Impact of Covid-19
The energy management systems market size has
grown significantly in recent years. However, due to the
outbreak of the COVID-19 pandemic, the market
1 experienced a sharp decline in 2020. This is due to the
diminished energy usage in heavy industries such as
petroleum, coal, and natural gas.
This has led to deflated energy demand across the key
economics including U.S., Italy, Germany, UK, and others. However, the market has survived owing to surge
2 in demand from the household energy consumption.
Market is segmented into By Type
1 2 3 4
Home Energy Building Residential
Management Industrial Energy
Systems Energy
and
Management Management Commercial
Systems
Systems
Segmentation
By Region
North America U.S., Canada
U.K., Germany, France, Spain, Italy,
Europe Rest of Europe
Asia-Pacific China, Japan, South Korea, India, Australia, Rest of Asia-Pacific
LAMEA Latin America, Middle East, Africa
Leading Market Players
Honeywell International Inc.
yokogawa electric corporation
Siemens AG
Schneider Electric
Gridpoint Systems
Johnson controls international plc
General electric company
C3 energy
Delta electronics
Dexma
David Correa
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