PUBLISHER: Market Research Future | PRODUCT CODE: 1679135
PUBLISHER: Market Research Future | PRODUCT CODE: 1679135
Report Information Africa Energy Management System Market Research by Application (Utilities, IT and Telecom, Manufacturing, Healthcare, and Others), by Deployment (On-premises and Cloud-based), by Type (IEMS, BEMS, and HEMS), Component (Hardware, Software, and Services) Forecast to 2032
Africa's Energy Management System Market is expected to grow at a CAGR of 7.69% by 2032. The fast growth of Africa's energy and utilities industry, notably the construction of electrical grids, is propelling the Energy Management System (EMS) market across the continent. As governments attempt to satisfy rising energy demands driven by population expansion and urbanization, efficient energy management becomes critical. The development of contemporary networks allows for better integration of renewable energy sources, which is critical for improving energy security and sustainability. This move to renewables needs advanced EMS systems that can optimize energy distribution and consumption, ensuring that resources are used efficiently while minimizing waste.
Furthermore, the growth of power grids improves access to energy in previously underserved areas, opening up new markets for EMS adoption. As more businesses and people have access to dependable electricity, there is a rising recognition of the value of energy efficiency and cost savings. This awareness fuels the demand for EMS solutions that enable customers to monitor their energy consumption, detect inefficiencies, and apply reduction initiatives.
The Africa energy management system market is divided into two segments based on deployment: on-premises and cloud. The on-premises category dominated the Africa energy management system market in 2023, accounting for 79.36% by value, and is predicted to grow at a CAGR of 7.78% over the forecast period.
The Africa energy management system market is segmented into IEMS, BEMS, and HEMS. The IEMS category dominated the Africa energy management system market with a value share of 49.79% in 2023 and is predicted to grow at a CAGR of 7.43% during the forecast period.
The Africa energy management system market is segmented into hardware, software, and services. The hardware category dominated the Africa energy management system market in 2023, accounting for 58.56% of the market value, and is predicted to grow at a CAGR of 7.13% over the forecast period.
The Africa energy management system market is segmented by application, including energy and utilities, IT and telecom, manufacturing, healthcare, and others. The Energy and Utilities category dominated the Africa energy management system market in 2023, accounting for 46.56% by value, and is predicted to grow at a CAGR of 7.88% over the forecast period.
The African energy management system market is divided into two regions: Morocco and the rest of Africa. The Rest of Africa category dominated the Africa energy management system market in 2023, accounting for 93.31% by value, and is predicted to grow at a CAGR of 7.58% over the forecast period.
The Africa energy management system market is dominated by General Electric, Siemens, Baker Hughes, Rockwell Automation Inc., ABB, Hitachi, Ltd., Schneider Electric SE, Honeywell International Inc., Eaton Corporation, ATOS, Atlas Clean Energy, and Generation Maroc Technologie.