APAC Energy Management Systems (EMS) Market Size (2024 - 2029)

The Asia Pacific Energy Management Systems market is experiencing significant growth driven by the region's rapid industrialization and the increasing focus on reducing utility costs. The adoption of energy management systems is being propelled by government initiatives and standards, such as ISO 50001, which encourage their integration, particularly in large buildings. This trend is expanding to small-to-medium buildings, creating new opportunities for automation. Urbanization in Asia further enhances prospects for the building and construction industry, while government policies aimed at limiting energy consumption are pivotal in shaping the market landscape. Despite temporary disruptions due to the pandemic, the market is poised for continued expansion, supported by ongoing governmental efforts to promote energy efficiency.

Market Size of APAC Energy Management Systems (EMS) Industry

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Asia Pacific Energy Management Systems Market
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 17.50 %
Market Concentration Medium

Major Players

APAC Energy Management Systems (EMS) Market Major Players

*Disclaimer: Major Players sorted in no particular order

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APAC Energy Management Systems Market Analysis

The Asia Pacific Energy Management Systems Market is expected to register a CAGR of 17.5% during the forecast period from 2021 to 2026. Asia-Pacific has been the most rapidly industrializing over the last quarter-century. Energy management requirements and the growing emphasis on reducing utility costs continue to drive the adoption of APAC energy management systems (EMS). The majority of the large buildings in the region are equipped with these systems.

  • Proactive measures taken by government organizations in the region for the implementation of standards, such as ISO 50001 (energy-management-system standard) in the building sector, can stimulate the integration of EMS.
  • Consequently, more opportunities for automation can now be found across small-to-medium buildings in the region. In the Asia Region, households have grown exponentially over the last two decades. The United Nations expects that urbanization in Asia will reach 64.1% by 2050, further opening up opportunities for the building and construction industry in the region.
  • Governments across countries have been actively involved in setting the limits for energy consumption. For instance, structural shifts in the national economy compelled the Government of Vietnam to establish a reduction of energy consumption per unit of GDP ratio as one of the economic targets of the national Sustainable Development Strategy for 2011-2020; as the country remained the most energy-intensive economy in East Asia, behind China, Indonesia, Thailand, Malaysia, and the Philippines.
  • NTELS, a Korean tech firm, developed a BEMS where energy data from heating, ventilation, and air conditioning (HVAC) systems were collected. Then, depending on their characteristics, the system identified energy consumption patterns of buildings and created proper energy consumption plans. It also has forecasting and building operations monitoring features, which leads to optimizing energy efficiency in buildings. Such BEMS technology can transform the energy efficiency of the buildings.
  • Since the novel coronavirus has been declared a pandemic, most of the businesses and factories are closed or are under severe restrictions. On the other hand, energy consumption in homes, as well as hospitals, has increased drastically. However, the power and energy consumption has decreased overall, mainly due to the halt of manufacturing activity in China, Japan, and India. Nevertheless, relaxation on the restrictions may be apparent in the months ahead. Given the government initiatives to reduce energy consumption, the region will likely provide opportunities over the forecast period.

APAC Energy Management Systems Industry Segmentation

Energy management systems help monitor and control energy consumption in industries, commercial facilities, and residential sectors. The data collected is presented intuitively, which helps make sound decisions to improve the building's energy performance. This study also covers the impact of COVID19 on the energy management systems market.

By Type of EMS (Energy Management System)
BEMS (Building EMS)
IEMS (Industrial EMS)
HEMS (Home EMS)
By End-User Industry
Manufacturing
Power and Energy
IT and Telecommunication
Healthcare
Other End-user Industries
By Component
Hardware
Software
Services
By Country
China
India
Japan
South Korea
Rest of Asia Pacific
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APAC Energy Management Systems (EMS) Market Size Summary

The Asia Pacific Energy Management Systems (EMS) market is experiencing significant growth, driven by rapid industrialization and a strong focus on reducing utility costs. The region's large buildings are increasingly equipped with these systems, supported by government initiatives to implement standards like ISO 50001. This regulatory push is expanding opportunities for EMS integration in smaller buildings as well. The surge in urbanization, with a substantial increase in households, further fuels the demand for energy management solutions. Technological advancements in smart grid and bidirectional communication are revolutionizing energy conservation efforts, making EMS more cost-effective and widely adopted in residential settings. The market is also benefiting from substantial investments in infrastructure and grid digitization, particularly in China, as part of its urbanization development program.

The market landscape is moderately fragmented, with key international players such as IBM, Honeywell, Schneider Electric, and General Electric actively participating. These companies are leveraging technological innovations and strategic collaborations to enhance their market presence. Recent developments include Honeywell's introduction of cloud-based energy optimization systems and Schneider Electric's upgrades to home power management systems. Additionally, local vendors in China are integrating artificial intelligence into their energy management solutions, attracting significant investments. The focus on smart cities and green buildings, particularly in China and India, is further propelling the adoption of EMS, as these countries aim to balance economic growth with energy efficiency and sustainability.

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APAC Energy Management Systems (EMS) Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Threat of Substitute Products

      5. 1.2.5 Intensity of Competitive Rivalry

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of EMS (Energy Management System)

      1. 2.1.1 BEMS (Building EMS)

      2. 2.1.2 IEMS (Industrial EMS)

      3. 2.1.3 HEMS (Home EMS)

    2. 2.2 By End-User Industry

      1. 2.2.1 Manufacturing

      2. 2.2.2 Power and Energy

      3. 2.2.3 IT and Telecommunication

      4. 2.2.4 Healthcare

      5. 2.2.5 Other End-user Industries

    3. 2.3 By Component

      1. 2.3.1 Hardware

      2. 2.3.2 Software

      3. 2.3.3 Services

    4. 2.4 By Country

      1. 2.4.1 China

      2. 2.4.2 India

      3. 2.4.3 Japan

      4. 2.4.4 South Korea

      5. 2.4.5 Rest of Asia Pacific

APAC Energy Management Systems (EMS) Market Size FAQs

The APAC Energy Management Systems (EMS) Market is projected to register a CAGR of 17.5% during the forecast period (2024-2029)

IBM Corporation, Rockwell Automation Inc., General Electric Company, Schneider Electric SE and Honeywell International Inc. are the major companies operating in the APAC Energy Management Systems (EMS) Market.

APAC Energy Management Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)