Energy Management Systems Market by Software (Utility, Industrial,Residential and Enterprises Energy Management) Trends and Forecast, 2016 – 2022

Energy Management Systems Market by Software (Utility, Industrial,Residential and Enterprises Energy Management) Trends and Forecast, 2016 – 2022

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According to the report, global energy management systems market was valued at around USD 35.17 billion in 2016 and is expected to reach approximately USD 70.93 billion in 2022, growing at a CAGR of above 12.4% between 2017 and 2022.Energy is one of the most important aspects of several daily tasks. Most of the need is being met by either conventional energy sources like natural gas, coal, and petroleum or by non-conventional sources like tidal, wind, solar. It becomes necessary to have efficient energy management systems for effective utilization of energy as well as reduce costs, improve profitability and economic growth. Basic benefits of energy management system are remote system access and remote alarm notification.

 

According to the report, global energy management systems market was valued at around USD 35.17 billion in 2016 and is expected to reach approximately USD 70.93 billion in 2022, growing at a CAGR of above 12.4% between 2017 and 2022.

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 and transmission asset in real time.Energy management system plays the key role in helping the businesses, industries, and individuals to become more energy efficient. In addition, this system will help them to lower the electricity expenses considerably. Factors like the rising in energy crisis and growth in industries in emerging economies help to impel demand of energy management system.

The key factors which are mainly driving the energy management system market is escalating energy consumption and price volatility. Furthermore, increasing awareness in industrial sectors for the efficient utilization of energy consumption is also fueling the growth of this market. In addition, stringent government policies and guidelines or government intervention over misuse of energy consumption spurs the growth of this market. However, lack of financial resources for new entrant enterprises serve as a major restraining factor which hampers the growth of energy management system market.  A long period of return on investment for energy-intensive industries is the poising challenge to the growth of energy management system market.Nonetheless, upcoming smart city project in developing countries and technological advancement such as integration of energy management system with smart devices are offering new avenues to this market.

Global-Energy-Management-Systems-Market

Energy management system is segmented on the basis of utility EMS software, industrial EMS software, enterprise energy management software, residential EMS and others. Utility EMS software is projected to dominate energy management system market over the forecast period. Due to the high penetration of cloud services, declining cost of IoT components, regional government initiatives for smart grid roll-out are driving the demand for utility EMS software on the global scale. However, adopting the utility EMS software is still a challenge in some regions due to poor infrastructure and cyber attacks. Lack of technological awareness regarding privacy & security has raised a number of concerns for the retailers which is hindering the adoption of energy management system solution in the utility industry.

North America held the largest share in energy management system and expected to dominate this market over the forecast period. The government of North America has been actively involved with the energy efficiency management standards for the residential sector.This has pushed the residential energy management market toward the energy management system. Asia Pacific is anticipated to show the fastest growth for energy management system due to the larger population and booming industrial sector, especially in China.
Key market player of the energy management system market is ABB Ltd, Cisco Systems, Inc., General Electric Company, Honeywell International, Inc., International Business Machine Corporation, Schneider Electric SE, Siemens AG, Emerson Process Management, CA Technologies, and Eaton Corporation PLC among others.

  • Chapter 1. Preface
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  • Chapter 2. Executive Summary
    • 2.1. Global energy management systems market, 2016 – 2022, (USD Billion)
    • 2.2. Energy management systems market: Market snapshot
  • Chapter 3. Global Energy management systems market – Industry Analysis
    • 3.1. Energy management systems market: Market dynamics
    • 3.2. Market Drivers
      • 3.2.1. Rising energy consumption and price volatility
    • 3.3. Restraints
      • 3.3.1. Lack of financial resources and consumer awareness
    • 3.4. Opportunity
      • 3.4.1. Upcoming smart city project in economically developing countries
      • 3.4.2. Technological advancement
    • 3.5. Porter’s Five Forces Analysis
    • 3.6. Market Attractiveness Analysis
      • 3.6.1. Market attractiveness analysis by software segment
      • 3.6.2. Market attractiveness analysis by regional segment
  • Chapter 4. Global Energy management systems market – Competitive Landscape
    • 4.1. Company market share analysis, 2016 (Subject to data availability)
  • Chapter 5. Global Energy management systems market –Software Segment Analysis
    • 5.1. Global energy management systems market revenue share, by software, 2016 & 2022
    • 5.2. Global energy management systems market by utility EMS software, 2016-2022(USD Billion)
    • 5.3. Global energy management systems market by industrial EMS software, 2016-2022(USD Billion)
    • 5.4. Global energy management systems market by enterprise energy management software, 2016-2022(USD Billion)
    • 5.5. Global energy management systems market by residential EMS, 2016-2022(USD Billion)
    • 5.6. Global energy management systems market by others, 2016-2022(USD Billion)
  • Chapter 6. Energy management systems market – Regional Analysis
    • 6.1. Global energy management systems market: Regional overview
      • 6.1.1. Global energy management systems market revenue share, by region, 2016 and 2022
    • 6.2. North America
      • 6.2.1. North America energy management systems market revenue, by software 2016 – 2022 (USD Billion)
    • 6.3. Europe
      • 6.3.1. Europe energy management systems market revenue, by software, 2016 – 2022 (USD Billion)
    • 6.4. Asia Pacific
      • 6.4.1. Asia-Pacific energy management systems market revenue, by software, 2016 – 2022 (USD Billion)
    • 6.5. Latin America
      • 6.5.1. Latin America energy management systems market revenue, by software, 2016– 2022 (USD Billion)
    • 6.6. Middle East & Africa
      • 6.6.1. Middle East & Africa energy management systems market revenue, by software, 2016 – 2022 (USD Billion)
  • Chapter 7. Company Profiles
    • 7.1. ABB Ltd
      • 7.1.1. Overview
      • 7.1.2. Financials
      • 7.1.3. Software portfolio
      • 7.1.4. Business strategy
      • 7.1.5. Recent developments
    • 7.2. Honeywell International, Inc.
      • 7.2.1. Overview
      • 7.2.2. Financials
      • 7.2.3. Software portfolio
      • 7.2.4. Business strategy
      • 7.2.5. Recent developments
    • 7.3. Cisco Systems, Inc.
      • 7.3.1. Overview
      • 7.3.2. Financials
      • 7.3.3. Software portfolio
      • 7.3.4. Business strategy
      • 7.3.5. Recent developments
    • 7.4. General Electric Company
      • 7.4.1. Overview
      • 7.4.2. Financials
      • 7.4.3. Software portfolio
      • 7.4.4. Business strategy
      • 7.4.5. Recent developments
    • 7.5. International Business Machine Corporation
      • 7.5.1. Overview
      • 7.5.2. Financials
      • 7.5.3. Software portfolio
      • 7.5.4. Business strategy
      • 7.5.5. Recent developments
    • 7.6. Schneider Electric SE
      • 7.6.1. Overview
      • 7.6.2. Financials
      • 7.6.3. Software portfolio
      • 7.6.4. Business strategy
      • 7.6.5. Recent developments
    • 7.7. Siemens AG
      • 7.7.1. Overview
      • 7.7.2. Financials
      • 7.7.3. Software portfolio
      • 7.7.4. Business strategy
      • 7.7.5. Recent developments
    • 7.8. CA Technologies
      • 7.8.1. Overview
      • 7.8.2. Financials
      • 7.8.3. Software portfolio
      • 7.8.4. Business strategy
      • 7.8.5. Recent developments
    • 7.9. Emerson Process Management
      • 7.9.1. Overview
      • 7.9.2. Financials
      • 7.9.3. Software portfolio
      • 7.9.4. Business strategy
      • 7.9.5. Recent developments
    • 7.10. Eaton Corporation PLC
      • 7.10.1. Overview
      • 7.10.2. Financials
      • 7.10.3. Software portfolio
      • 7.10.4. Business strategy
      • 7.10.5. Recent development

List of Figures

1. Global energy management systems market segmentation by software, and geography
2. Global energy management systems market, 2016 – 2022  (USD Billion)
3. Porter’s five forces analysis:  Energy management systems market
4. Global energy management systems market attractiveness, by product software, 2016
5. Global energy management systems market attractiveness, by region, 2016
6. Global energy management systems market revenue share, by software, 2016 & 2022
7. Global energy management systems market by utility EMS software, 2016-2022(USD Billion)
8. Global energy management systems market by industrial EMS software, 2016-2022(USD Billion)
9. Global energy management systems market by enterprise energy management software, 2016-2022(USD Billion)
10. Global energy management systems market by residential EMS, 2016-2022(USD Billion)
11. Global energy management systems market by others, 2016 – 2022 (USD Billion)
12. Global energy management systems market revenue share, by region, 2016 – 2022
13. North America energy management systems market, 2016 – 2022,  (USD Billion)
14. Europe energy management systems market, 2016 – 2022,  (USD Billion)
15. Asia Pacific energy management systems market, 2016 – 2022(USD Billion)
16. Latin America energy management systems market, 2016-2022 (USD Billion)
17. Middle East & Africa energy management systems market, 2016 – 2022, (USD Billion)


List of Tables

1. Global energy management systems market snapshot
2. Drivers for energy management systems market: Impact analysis
3. Restraints of energy management systems market: Impact analysis
4. North America energy management systems market revenue, by software, 2016 – 2022 (USD Billion)
5. Europe energy management systems market revenue, by  software, 2016 – 2022 (USD Billion)
6. 2016 – 2022 (USD Billion)
7. Asia-Pacific energy management systems market revenue, by software, 2016 – 2022 (USD Billion)
8. 2016 – 2022 (USD Billion)
9. Latin America energy management systems market revenue, by software, 2016 – 2022 (USD Billion)
10. Middle East & Africa energy management systems market revenue, by software, 2016 – 2022 (USD Billion)

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