Energy Management Systems Market Size and Forecast 2021 - 2031, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Component, System Type, End-Use Industry, and Geography

List of Tables

The energy management system market size was valued at US$ 49.50 billion in 2024 and is expected to reach US$ 105.15 billion by 2031; it is estimated to record a CAGR of 11.4% from 2024 to 2031.

The energy management system market is segmented into five major regions-North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. North America dominated the market in 2024, followed by Europe and APAC, respectively. North America is witnessing tremendous growth in the market due to the presence of key players focusing on the advancement and adoption of energy management systems in various industries. In addition, key manufacturing economies in the region, including the US, Canada, and Mexico, further fuel the demand for energy management systems in the coming years. The US is the second largest manufacturing powerhouse after China; it accounted for nearly 16% of the total manufacturing output in the world in 2023. In addition, Canada and Mexico are contributing to the energy management systems market growth in North America, with the rise in investment in establishing manufacturing bases in these countries. Moreover, the US's strong focus on research and development, automation, and digitalization is fueling the energy demand, which is projected to drive market growth from 2024 to 2031.

Europe holds a significant share in the energy management systems market. The region is known for its well-established manufacturing facilities, including automotive, aerospace, machinery, and construction. These industries rely on energy in manufacturing operations, creating a demand for energy management systems to achieve high precision and efficiency. Germany is a major market within Europe, known for its technologically advanced engineering and manufacturing capabilities, which will fuel the market growth in the coming years. Similarly, the European Union's investments in the power grid increased by 20%, reaching US$ 65 billion in 2023. Oil and gas investments reached US$ 30 billion as per the European Union. The rise in investment in power generation and oil and gas industries is expected to fuel the demand for electricity or energy consumption in the coming years, driving the energy management systems market growth from 2024 to 2031. The Middle East and Africa and South America also contributed to the growth of the energy management systems market due to the increase in investment in industrialization and manufacturing bases in the regions.

China dominates the energy management systems market in Asia Pacific. The presence of manufacturing industries such as automotive, aerospace, defense, and machinery manufacturing fuels the demand for electricity in Asia Pacific, driving the energy management systems market growth from 2024 to 2031. These industries require huge amounts of energy or electricity in manufacturing operations, resulting in higher energy consumption and increased carbon dioxide emissions, which is anticipated to fuel the demand for energy optimization.

The energy management system markets in the Middle East and Africa (MEA) and South America (SAM) are growing rapidly. Government initiatives such as Saudi Vision 2030 and Dubai's Vision 2030 contribute to maritime tourism, which further contributes to the market growth. The energy management system market is experiencing growth owing to factors such as the expanding industrialization, urbanization, and smart infrastructure projects.

In terms of component, the energy management system market is segmented into hardware, software, and services. The hardware segment dominated the market for component in 2023 owing to the growing adoption of hardware by manufacturing, energy & utilities, and other industries. An energy management system (EMS) is a set of tools that combine software and hardware and optimally distribute energy flows across connected distributed energy resources. Companies use EMS to optimize electricity generation, storage, and/or consumption to reduce costs and emissions and stabilize the power grid. The rising demand for energy monitoring and automation systems from industries such as manufacturing, automotive, and energy, along with increasing investments in energy and building infrastructure by government and construction companies, is anticipated to propel the demand for energy management systems from 2024 to 2031. For instance, in November 2024, the UAE government announced the Dubai Exhibition Center expansion project plan worth US$ 2.7 billion. The project will be completed in three phases; the first phase includes the expansion of its current 58,000 square meters to 140,000 square meters, which will be completed by 2026. The second phase involves the expansion of the exhibition phase to ~160,000 square meters, along with the development of multi-story parking and road infrastructure by 2028. The final phase includes expanding the space to 180,000 square meters, including space for 26 halls and more than 300 hotel, retail, and commercial office spaces.

ABB; Schneider Electric SE; General Electric Company; Honeywell International Inc.; Siemens AG; IBM Corporation; Johnson Controls, Inc.; Emerson Electric Co.; Eaton Corporation; and Mitsubishi Electric Corporation are among the key energy management system market players that are profiled in this market study.

The overall energy management system market size has been derived using both primary and secondary sources. Exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the energy management system market size. The process also helps obtain an overview and forecast of the market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain analytical insights. This process includes industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the energy management system market.

Product Code: TIPTE100000706

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Energy Management System Market Landscape

4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
- 4.3.1 List of Vendors in the Value Chain

5. Energy Management System Market - Key Market Dynamics

5.1 Energy Management System Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rising Government Initiatives for Effective Energy Utilization in Growing Data Center Industry
- 5.2.2 Increasing Adoption of Energy Management Systems (EMS) to Improve Energy Efficiency
- 5.2.3 Growing Renewable Energy Industry
5.3 Market Restraints
- 5.3.1 Barriers to Executing Energy Management System Projects
5.4 Market Opportunities
- 5.4.1 Technological Developments in Energy Management Systems
5.5 Future Trends
- 5.5.1 Increasing Trend of Adopting Home Energy Management Systems
5.6 Impact of Drivers and Restraints:

6. Energy Management System Market - Global Market Analysis

6.1 Energy Management System Market Revenue (US$ Million), 2021-2031
6.2 Energy Management System Market Forecast Analysis

7. Energy Management System Market Analysis - by Component

7.1 Hardware
- 7.1.1 Overview
- 7.1.2 Hardware: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Software
- 7.2.1 Overview
- 7.2.2 Software: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
7.3 Services
- 7.3.1 Overview
- 7.3.2 Services: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)

8. Energy Management System Market Analysis - by System Type

8.1 Industrial Energy Management System
- 8.1.1 Overview
- 8.1.2 Industrial Energy Management System: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Building Energy Management System
- 8.2.1 Overview
- 8.2.2 Building Energy Management System: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
8.3 Home Energy Management System
- 8.3.1 Overview
- 8.3.2 Home Energy Management System: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)

9. Energy Management System Market Analysis - by End-Use Industry

9.1 Energy and Utilities
- 9.1.1 Overview
- 9.1.2 Energy and Utilities: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Manufacturing
- 9.2.1 Overview
- 9.2.2 Manufacturing: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Telecom and IT
- 9.3.1 Overview
- 9.3.2 Telecom and IT: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
9.4 Residential and Commercial
- 9.4.1 Overview
- 9.4.2 Residential and Commercial: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
9.5 Others
- 9.5.1 Overview
- 9.5.2 Others: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)

10. Energy Management System Market - Geographical Analysis

10.1 Overview
10.2 North America
- 10.2.1 North America Energy Management System Market Overview
- 10.2.2 North America: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.2.3 North America: Energy Management System Market Breakdown, by Component
  - 10.2.3.1 North America: Energy Management System Market - Revenue and Forecast Analysis - by Component
- 10.2.4 North America: Energy Management System Market Breakdown, by System Type
  - 10.2.4.1 North America: Energy Management System Market - Revenue and Forecast Analysis - by System Type
- 10.2.5 North America: Energy Management System Market Breakdown, by End-Use Industry
  - 10.2.5.1 North America: Energy Management System Market - Revenue and Forecast Analysis - by End-Use Industry
- 10.2.6 North America: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.1 North America: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.2.6.2 United States: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.2.1 United States: Energy Management System Market Breakdown, by Component
    - 10.2.6.2.2 United States: Energy Management System Market Breakdown, by System Type
    - 10.2.6.2.3 United States: Energy Management System Market Breakdown, by End-Use Industry
  - 10.2.6.3 Canada: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.3.1 Canada: Energy Management System Market Breakdown, by Component
    - 10.2.6.3.2 Canada: Energy Management System Market Breakdown, by System Type
    - 10.2.6.3.3 Canada: Energy Management System Market Breakdown, by End-Use Industry
  - 10.2.6.4 Mexico: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.2.6.4.1 Mexico: Energy Management System Market Breakdown, by Component
    - 10.2.6.4.2 Mexico: Energy Management System Market Breakdown, by System Type
    - 10.2.6.4.3 Mexico: Energy Management System Market Breakdown, by End-Use Industry
10.3 Europe
- 10.3.1 Europe Energy Management System Market Overview
- 10.3.2 Europe: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.3.3 Europe: Energy Management System Market Breakdown, by Component
  - 10.3.3.1 Europe: Energy Management System Market - Revenue and Forecast Analysis - by Component
- 10.3.4 Europe: Energy Management System Market Breakdown, by System Type
  - 10.3.4.1 Europe: Energy Management System Market - Revenue and Forecast Analysis - by System Type
- 10.3.5 Europe: Energy Management System Market Breakdown, by End-Use Industry
  - 10.3.5.1 Europe: Energy Management System Market - Revenue and Forecast Analysis - by End-Use Industry
- 10.3.6 Europe: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.1 Europe: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.3.6.2 Germany: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.2.1 Germany: Energy Management System Market Breakdown, by Component
    - 10.3.6.2.2 Germany: Energy Management System Market Breakdown, by System Type
    - 10.3.6.2.3 Germany: Energy Management System Market Breakdown, by End-Use Industry
  - 10.3.6.3 United Kingdom: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.3.1 United Kingdom: Energy Management System Market Breakdown, by Component
    - 10.3.6.3.2 United Kingdom: Energy Management System Market Breakdown, by System Type
    - 10.3.6.3.3 United Kingdom: Energy Management System Market Breakdown, by End-Use Industry
  - 10.3.6.4 France: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.4.1 France: Energy Management System Market Breakdown, by Component
    - 10.3.6.4.2 France: Energy Management System Market Breakdown, by System Type
    - 10.3.6.4.3 France: Energy Management System Market Breakdown, by End-Use Industry
  - 10.3.6.5 Italy: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.5.1 Italy: Energy Management System Market Breakdown, by Component
    - 10.3.6.5.2 Italy: Energy Management System Market Breakdown, by System Type
    - 10.3.6.5.3 Italy: Energy Management System Market Breakdown, by End-Use Industry
  - 10.3.6.6 Russia: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.6.1 Russia: Energy Management System Market Breakdown, by Component
    - 10.3.6.6.2 Russia: Energy Management System Market Breakdown, by System Type
    - 10.3.6.6.3 Russia: Energy Management System Market Breakdown, by End-Use Industry
  - 10.3.6.7 Rest of Europe: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.3.6.7.1 Rest of Europe: Energy Management System Market Breakdown, by Component
    - 10.3.6.7.2 Rest of Europe: Energy Management System Market Breakdown, by System Type
    - 10.3.6.7.3 Rest of Europe: Energy Management System Market Breakdown, by End-Use Industry
10.4 Asia Pacific
- 10.4.1 Asia Pacific Energy Management System Market Overview
- 10.4.2 Asia Pacific: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.4.3 Asia Pacific: Energy Management System Market Breakdown, by Component
  - 10.4.3.1 Asia Pacific: Energy Management System Market - Revenue and Forecast Analysis - by Component
- 10.4.4 Asia Pacific: Energy Management System Market Breakdown, by System Type
  - 10.4.4.1 Asia Pacific: Energy Management System Market - Revenue and Forecast Analysis - by System Type
- 10.4.5 Asia Pacific: Energy Management System Market Breakdown, by End-Use Industry
  - 10.4.5.1 Asia Pacific: Energy Management System Market - Revenue and Forecast Analysis - by End-Use Industry
- 10.4.6 Asia Pacific: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.1 Asia Pacific: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.4.6.2 China: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.2.1 China: Energy Management System Market Breakdown, by Component
    - 10.4.6.2.2 China: Energy Management System Market Breakdown, by System Type
    - 10.4.6.2.3 China: Energy Management System Market Breakdown, by End-Use Industry
  - 10.4.6.3 Japan: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.3.1 Japan: Energy Management System Market Breakdown, by Component
    - 10.4.6.3.2 Japan: Energy Management System Market Breakdown, by System Type
    - 10.4.6.3.3 Japan: Energy Management System Market Breakdown, by End-Use Industry
  - 10.4.6.4 South Korea: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.4.1 South Korea: Energy Management System Market Breakdown, by Component
    - 10.4.6.4.2 South Korea: Energy Management System Market Breakdown, by System Type
    - 10.4.6.4.3 South Korea: Energy Management System Market Breakdown, by End-Use Industry
  - 10.4.6.5 India: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.5.1 India: Energy Management System Market Breakdown, by Component
    - 10.4.6.5.2 India: Energy Management System Market Breakdown, by System Type
    - 10.4.6.5.3 India: Energy Management System Market Breakdown, by End-Use Industry
  - 10.4.6.6 Australia: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.6.1 Australia: Energy Management System Market Breakdown, by Component
    - 10.4.6.6.2 Australia: Energy Management System Market Breakdown, by System Type
    - 10.4.6.6.3 Australia: Energy Management System Market Breakdown, by End-Use Industry
  - 10.4.6.7 Rest of APAC: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.4.6.7.1 Rest of APAC: Energy Management System Market Breakdown, by Component
    - 10.4.6.7.2 Rest of APAC: Energy Management System Market Breakdown, by System Type
    - 10.4.6.7.3 Rest of APAC: Energy Management System Market Breakdown, by End-Use Industry
10.5 Middle East and Africa
- 10.5.1 Middle East and Africa Energy Management System Market Overview
- 10.5.2 Middle East and Africa: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.5.3 Middle East and Africa: Energy Management System Market Breakdown, by Component
  - 10.5.3.1 Middle East and Africa: Energy Management System Market - Revenue and Forecast Analysis - by Component
- 10.5.4 Middle East and Africa: Energy Management System Market Breakdown, by System Type
  - 10.5.4.1 Middle East and Africa: Energy Management System Market - Revenue and Forecast Analysis - by System Type
- 10.5.5 Middle East and Africa: Energy Management System Market Breakdown, by End-Use Industry
  - 10.5.5.1 Middle East and Africa: Energy Management System Market - Revenue and Forecast Analysis - by End-Use Industry
- 10.5.6 Middle East and Africa: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.1 Middle East and Africa: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.5.6.2 South Africa: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.2.1 South Africa: Energy Management System Market Breakdown, by Component
    - 10.5.6.2.2 South Africa: Energy Management System Market Breakdown, by System Type
    - 10.5.6.2.3 South Africa: Energy Management System Market Breakdown, by End-Use Industry
  - 10.5.6.3 Saudi Arabia: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.3.1 Saudi Arabia: Energy Management System Market Breakdown, by Component
    - 10.5.6.3.2 Saudi Arabia: Energy Management System Market Breakdown, by System Type
    - 10.5.6.3.3 Saudi Arabia: Energy Management System Market Breakdown, by End-Use Industry
  - 10.5.6.4 United Arab Emirates: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.4.1 United Arab Emirates: Energy Management System Market Breakdown, by Component
    - 10.5.6.4.2 United Arab Emirates: Energy Management System Market Breakdown, by System Type
    - 10.5.6.4.3 United Arab Emirates: Energy Management System Market Breakdown, by End-Use Industry
  - 10.5.6.5 Rest of Middle East and Africa: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.5.6.5.1 Rest of Middle East and Africa: Energy Management System Market Breakdown, by Component
    - 10.5.6.5.2 Rest of Middle East and Africa: Energy Management System Market Breakdown, by System Type
    - 10.5.6.5.3 Rest of Middle East and Africa: Energy Management System Market Breakdown, by End-Use Industry
10.6 South and Central America
- 10.6.1 South and Central America Energy Management System Market Overview
- 10.6.2 South and Central America: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
- 10.6.3 South and Central America: Energy Management System Market Breakdown, by Component
  - 10.6.3.1 South and Central America: Energy Management System Market - Revenue and Forecast Analysis - by Component
- 10.6.4 South and Central America: Energy Management System Market Breakdown, by System Type
  - 10.6.4.1 South and Central America: Energy Management System Market - Revenue and Forecast Analysis - by System Type
- 10.6.5 South and Central America: Energy Management System Market Breakdown, by End-Use Industry
  - 10.6.5.1 South and Central America: Energy Management System Market - Revenue and Forecast Analysis - by End-Use Industry
- 10.6.6 South and Central America: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.1 South and Central America: Energy Management System Market - Revenue and Forecast Analysis - by Country
  - 10.6.6.2 Brazil: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.2.1 Brazil: Energy Management System Market Breakdown, by Component
    - 10.6.6.2.2 Brazil: Energy Management System Market Breakdown, by System Type
    - 10.6.6.2.3 Brazil: Energy Management System Market Breakdown, by End-Use Industry
  - 10.6.6.3 Argentina: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.3.1 Argentina: Energy Management System Market Breakdown, by Component
    - 10.6.6.3.2 Argentina: Energy Management System Market Breakdown, by System Type
    - 10.6.6.3.3 Argentina: Energy Management System Market Breakdown, by End-Use Industry
  - 10.6.6.4 Rest of South and Central America: Energy Management System Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.6.6.4.1 Rest of South and Central America: Energy Management System Market Breakdown, by Component
    - 10.6.6.4.2 Rest of South and Central America: Energy Management System Market Breakdown, by System Type
    - 10.6.6.4.3 Rest of South and Central America: Energy Management System Market Breakdown, by End-Use Industry

11. Competitive Landscape

11.1 Company Positioning & Concentration
11.2 Company Positioning & Concentration

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Mergers & Acquisitions
12.4 Product Development

13. Company Profiles

13.1 ABB Ltd
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 General Electric Co
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 Mitsubishi Electric Corp
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Schneider Electric SE
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Johnson Controls International Plc
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Honeywell International Inc
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Siemens AG
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 International Business Machines Corp
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Emerson Electric Co
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 Eaton Corp Plc
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 About The Insight Partners