How big is the Energy Management Systems Market?

The Energy Management Systems Market size is expected to reach USD 55.03 billion in 2024 and grow at a CAGR of 15.65% to reach USD 113.85 billion by 2029. Read More

What is the current Energy Management Systems Market size?

In 2024, the Energy Management Systems Market size is expected to reach USD 55.03 billion. Read More

Who are the key players in Energy Management Systems Market?

IBM Corporation, Rockwell Automation, Inc., General Electric, Schneider Electric and Eaton are the major companies operating in the Energy Management Systems Market. Read More

Which is the fastest growing region in Energy Management Systems Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Energy Management Systems Market?

In 2024, the Europe accounts for the largest market share in Energy Management Systems Market. Read More

What years does this Energy Management Systems Market cover, and what was the market size in 2023?

In 2023, the Energy Management Systems Market size was estimated at USD 46.42 billion. The report covers the Energy Management Systems Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Energy Management Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What is driving the growth of Energy Management Systems (EMS) Market?

Growth of Energy Management Systems Market is driven by: a) Rising energy costs b) Increasing Usage of Smart Grids and Smart Meters c) Rising Investments in Energy Efficiency Read More

Energy Management System Market - Size, Forecast

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

The Report Covers the Global Top Energy Management Software (EMS) Companies, and the Market is Segmented by Type of EMS (BEMS, IEMS, and HEMS), End User (manufacturing, Power and Energy, IT and Telecommunication, Healthcare, and Residential and Commercial), Application (energy Generation, Energy Transmission, and Energy Monitoring), Component (hardware, Software, and Services), and Geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa). The Market Sizes and Forecasts are Provided in Terms of Value (in USD) for all the Above Segments.

Energy Management System Industry Overview

The market studied is very competitive. Some significant players in the market are IBM Corporation, Rockwell Automation Inc., General Electric, Schneider Electric, Eaton, ABB, Oracle Corporation, and many more. The companies are expected to increase the market share by forming multiple partnerships and investing in introducing new solutions to earn a competitive edge during the forecast period.

In September 2022, IBM announced the next generation of its LinuxONE server, a favorably scalable Linux and Kubernetes-based platform designed to provide scalability to sustain thousands of workloads in the footprint of a single strategy. IBM LinuxONE Emperor 4 was a planned scale-out-on-scale-up approach that allowed clients to run workloads at increased density and increased capability by turning on unused cores without raising their energy consumption and associated greenhouse gas emissions.

In July 2022, an integrated electric vehicle charging infrastructure was developed and presented by Eaton with the Flow consortium, which received support from the European Union. Based on the experience gained in the development of its buildings as a grid approach, merging the power needs of buildings and EVs with on-site renewable power generation, Eaton's role in the consortium was to apply further developing EV charging technologies and establishing electric vehicle charging solutions.