Energy Management System (EMS) Market - Top Vendors Analysis, Market Challenges and Geographical Analysis
Global energy management system (EMS) market has been expanding as one of the fastest emerging verticals within the sustainable and smart technologies space. It is likely to witness notable growth over the course of the next few years with the proliferation of manufacturing, IT and energy sectors.
Factors such as global warming and climate change are creating a significant need for energy efficient and sustainable technologies. Consequently, the demand for energy management systems and services has been increasing steadily. Constant technological innovations will continue to play a critical role in driving future trends in EMS. The introduction of stringent environmental and energy efficiency norms worldwide will bolster the industry outlook significantly.
On the basis of components, EMS market can be segmented into hardware, software, metering & field equipment, sensors, control systems, network devices, and others. The demand for energy management software solutions is projected to witness considerable momentum in the near future, with increasing deployment across residential, commercial, as well as industrial applications. Both developed and developing countries are spending on building commercial spaces, which is expected to drive the technology deployment across offices, healthcare facilities, and educational institutions.
The demand for network device components across the U.K. increased at more than 8% CAGR between 2015 and 2019 and is likely to further rise in the forthcoming years. The regional technology adoption can be linked with a strict regulatory scenario pertaining to environmental sustainability and energy efficiency. Supportive government efforts and initiatives to promote sustainability in the energy and power sectors will considerably complement the regional outlook.
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The power & energy, manufacturing, IT, healthcare, and enterprise sectors are some of the major end-users of energy management systems. EMS industry share from enterprise sector is slated to experience exponential growth in the upcoming years, with growing adoption of these systems across business enterprises. More and more enterprises are aiming to implement reliable and efficient energy management systems to comply with regulatory standards and lower their environmental impact.
In terms of the regional landscape, Brazil accounted for more than 10% revenue share of Latin America EMS industry in 2019 and will witness robust growth by 2026. The National Energy Balance had reported in 2017 that electricity consumption in buildings accounted for over 51% of the overall power consumption in the country. Consequently, energy efficiency retrofits and deployment of energy management systems can reduce the energy consumption in buildings by 30-50%.
Saudi Arabia captured over 15% revenue share of Middle East and Africa EMS market in 2019 and is poised to experience a commendable growth over the next few years. The country is likely to spend substantially on the implementation of energy efficient technologies in upcoming residential and commercial projects.
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Table of ContentsChapter 1 Methodology & Scope
- 1.1 Methodology
- 1.2 Market definitions
- 1.3 Market estimates & forecast parameters
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- 1.5 Abbreviations
Chapter 2 Executive Summary
- 2.1 Energy management system market 360 degree synopsis, 2015 - 2026
- 2.1.1 Business trends
- 2.1.2 Service trends
- 2.1.3 Component trends
- 2.1.4 End-user trends
- 2.1.5 Regional trends
Chapter 3 Energy Management System Industry Insights
- 3.1 Industry segmentation
- 3.2 Industry ecosystems analysis
- 3.2.1 Vendor matrix
- 3.3 Innovation & sustainability
- 3.3.1 Johnson Controls Inc
- 3.3.2 Rockwell Automation
- 3.3.3 Schneider Electric
- 3.3.4 Honeywell International
- 3.3.5 Emerson
- 3.3.6 Telkonet, Inc.
- 3.3.7 GridPoint
- 3.3.8 ABB Group
- 3.3.9 Siemens
- 3.3.10 Tri Cascade
- 3.3.11 Redback Technologies
- 3.3.12 Tenaga Nasional Berhad
- 3.3.13 Kontrol Energy Corporation
- 3.3.14 Rolls Royce
- 3.3.15 ZEN Ecosystems
- 3.3.16 Enphase Energy, Inc.
- 3.4 COVID- 19 impact on the overall industry outlook
- 3.4.1 Optimistic View
- 3.4.2 Realistic View
- 3.4.3 Pessimistic View
- 3.5 Regulatory landscape
- 3.5.1 Global
- 3.5.1.1 ISO 50000 Series
- 3.5.2 U.S.
- 3.5.2.1 Building Energy Codes
- 3.5.2.2 Green Building Codes
- 3.5.2.2.1 The International Code Council's (ICC's)
- 3.5.2.2.1.1 ASHRAE Standard 189.1
- 3.5.2.3 Federal Energy Management Program
- 3.5.2.4 Utility Rebates and Incentive Programs
- 3.5.2.5 New California Building Efficiency Standards
- 3.5.3 Europe
- 3.5.3.1 EN 50598 Part 1 and Part 2
- 3.5.3.2 Key Laws
- 3.5.3.2.1 Energy Efficiency Plan 2011
- 3.5.3.2.1.1 Specific measures and policies
- 3.5.3.3 Energy efficiency policies
- 3.5.3.4 Energy efficiency progress
- 3.5.3.4.1 DIRECTIVE (EU) 2018/844
- 3.5.4 UK
- 3.5.4.1 The UK's National Energy Efficiency Action Plan
- 3.5.4.2 CRC Energy Efficiency Schemes
- 3.5.5 Germany
- 3.5.5.1 German Energy Saving Ordinance (EnEV)
- 3.5.6 Greece & Slovenia
- 3.5.7 China
- 3.5.7.1 China Medium and Long-Term Energy Conservation Plan
- 3.5.7.1.1 Government Authorities for Building Energy Conservation
- 3.5.7.1.1.1 National Development and Reform Commission (NDRC)
- 3.5.7.1.1.2 Ministry of Housing and Urban-Rural Development (MOHURD)
- 3.5.7.1.1.3 Ministry of Industry and Information Technology (MIIT)
- 3.5.7.1.1.4 National Government Offices Administration (NGOA)
- 3.5.7.1.1.5 Ministry of Finance (MOF)
- 3.5.7.1.1.6 State Administration of Taxation (SAT)
- 3.5.8 Australia
- 3.5.8.1 Government energy efficiency programs
- 3.5.8.2 Energy Efficiency in Government Operations (EEGO) Policy
- 3.5.8.3 Green Lease Schedule
- 3.5.8.4 National Construction Code (NCC)
- 3.5.9 Brazil
- 3.5.9.1 Brazilian Energy Efficiency Programs
- 3.5.9.1.1 PROCEL
- 3.5.9.1.2 Energy Efficiency Program (PEE)
- 3.6 Industry impact forces
- 3.6.1 Growth drivers.
- 3.6.1.1 Growing energy demand and price
- 3.6.1.2 Regulatory standards and policies toward GHG emissions
- 3.6.2 Industry pitfalls & challenges
- 3.6.2.1 High initial investment
- 3.7 Key customer requirements
- 3.8 Porter's Analysis
- 3.8.1 Bargaining power of supplier
- 3.8.2 Bargaining power of buyers
- 3.8.3 Threat of new entrants
- 3.8.4 Threat of substitutes
- 3.9 Growth potential analysis
- 3.10 Competitive Landscape
- 3.10.1 Strategy dashboard
- 3.10.1.1 Siemens
- 3.10.1.1.1 Agreement
- 3.10.1.2 Eaton Corporation
- 3.10.1.2.1 Acquisition
- 3.10.1.3 Optimum Energy LLC
- 3.10.1.3.1 Collaboration
- 3.10.1.4 Johnson Controls
- 3.10.1.4.1 Acquisition
- 3.10.1.4.2 Product Launch
- 3.10.1.5 Ingersoll Rand
- 3.10.1.5.1 Business Development
- 3.10.1.5.2 Acquisition
- 3.10.1.6 IBM
- 3.10.1.6.1 Agreement
- 3.10.1.7 Emerson
- 3.10.1.7.1 Acquisitions
- 3.10.1.7.2 Partnership
- 3.10.1.7.3 Product Development
- 3.10.1.7.4 Product launch
- 3.10.1.8 Honeywell International
- 3.10.1.8.1 Product launch
- 3.10.1.9 Schneider Electric
- 3.10.1.9.1 Agreement
- 3.10.1.9.2 Product Launch
- 3.10.1.9.3 Acquisitions
- 3.10.1.10 ENGIE Impact
- 3.10.1.10.1 Contract
- 3.10.1.10.2 Acquisition
- 3.10.1.11 GridPoint
- 3.10.1.11.1 Partnership
- 3.10.1.12 ABB Limited
- 3.10.1.12.1 Product Launch
- 3.10.1.13 General Electric
- 3.10.1.13.1 Business Expansion
- 3.10.1.14 Mitsubishi Heavy Industries
- 3.10.1.14.1 Agreement
- 3.10.1.15 CA Technologies
- 3.10.1.15.1 Partnership
- 3.11 PESTEL Analysis
Chapter 4 Energy Management System Market, By Service
- 4.1 Energy management system market share by service, 2019 & 2026
- 4.2 IEMS
- 4.2.1 Global market from IEMS, 2015 - 2026
- 4.2.2 Global market from IEMS, by region, 2015 - 2026
- 4.3 BEMS
- 4.3.1 Global market from BEMS, 2015 - 2026
- 4.3.2 Global market from BEMS, by region, 2015 - 2026
- 4.4 HEMS
- 4.4.1 Global market from HEMS, 2015 - 2026
About Author
Rahul Varpe
Rahul Varpe currently writes for Technology Magazine. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid...