Energy Management Systems (EMS) Market By Type (Industrial, Building, Home Energy Management Systems), Component (Hardware, Software & Others), End-Use (Industrial, Commercial, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Increasing electricity bills necessitating the need for optimum electricity management is identified as the major factor driving the energy management systems (EMS) market. This has further augmented the need for real-time monitoring and measurement of energy consumption patterns, especially in industries including manufacturing, power utilities, oil and gas, and mining among others. In addition, government regulations promoting green energy and use of energy efficient solutions is expected to fuel market momentum in the coming years. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 14.2% during the forecast period 2015 – 2022. The energy management systems (EMS) market  is expected to reach US$ 57.8 Bn by 2022.

1.1    Market Scope and Segmentation

This report analyzes the global energy management systems (EMS) market in terms of product type, component, end-use, and geographical distribution. On the basis of type, the market is segmented into industrial energy management systems (IEMS), building energy management systems (BEMS), and home energy management systems (HEMS) market. Similarly, on the basis of end-use, the energy management systems market is further classified into industrial, commercial, and residential. Based on components, the market for energy management systems is classified into hardware, software, and other components (communication networks, etc.). The geographical distribution of the global energy management systems (EMS) market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa and Rest of the World.

1.2    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Energy Management Systems (EMS) Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global energy management systems (EMS) industry.

Target Audience

• Industry Investors
• Energy Management System Manufacturers
• Interface and Software Providers
• Distributors and Resellers
• End-users
•  

USP and Key Offerings

The report titled “Global Energy Management Systems (EMS) Market- Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” offers strategic insights into the global energy management systems (EMS) market along with the market size and estimates for the duration 2013 to 2022. The said research study covers in-depth analysis of multiple market segments based on product type, technology, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading home energy management system (EMS) manufacturers, their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the energy management systems (HEMS) market
• Market fuelers, market impediments, and their impact on the market growth
• In-depth competitive environment analysis
• Value Chain Analysis
• Trailing 2-Year market size data (2013 – 2014)
• SRC (Segment-Region-Country) Analysis
•  

Overall, the research study provides a holistic view of the global energy management systems (EMS) market, offering market size and estimates for the period from 2015 to 2022, keeping in mind the above mentioned factors.

On the basis of component, the global energy management systems (EMS) market is categorized into following segments:

• Hardware (In-House Displays, Smart Thermostats, Smart Plugs, Load Control Switches, Lighting Control Systems,  sensors, etc.)
• Software
• Others (Communication networks, etc.)
•  

The contribution of these components to the global energy management systems (EMS) market in 2014 and 2022 is as shown in the figure below

In the base year of 2014, the hardware component comprising in-house displays, smart thermostats, smart plugs, load control switches, and lighting control systems among others was the largest revenue contributing segment in the energy management systems (EMS) market. The segment accounted for over 70% of the global energy management systems market revenue. Although the hardware segment is expected to remain the dominant segment over the forecast period, the software segment is poised to become one of the most attractive business segments in the energy management systems market. 

Leading players in the energy management systems market such as Building IQ, Ecova, and C3 Energy have developed vertical-specific energy management software platforms that would help respective end-user to perform analytics and settle on optimized solutions. Furthermore, successful integration of data analytics and big data in current energy management system prototypes has been one of the key accomplishments in the energy management systems market in recent years.

On the basis of geography, the global energy management systems (EMS) market is segmented into following regions and countries.

• North America
  • U.S.
  • Rest of North America
• Europe
  • EU7
  • CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • Indian Subcontinent
  • Rest of Asia Pacific
• Rest of the World
  • Latin America
  • Middle East and Africa
  •  

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global energy management systems (EMS) market in 2014 is as shown in the figure below.
 

In the base year of 2014, North America comprising the U.S. and Canada was the largest energy systems (EMS) market in terms of both revenue and volume. The region acquired over 35 percent of the global market revenue share in 2014. The U.S. was the largest and most lucrative energy management systems market in North America as well as worldwide. This dominance can be majorly attributed to the relatively high market penetration of wireless technologies in different industry verticals including power and energy, telecom and IT, and retail among others. The region is also characterized by the presence of large numbers of energy management solution suppliers and service providers. Over the forecast period, Asia Pacific is expected to witness maximum growth, majorly on account of the rapid industrialization and growing desire among consumers to manage electricity consumption.