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Energy Management Systems Market Trends

Report ID: GMI1115
Published Date: Dec 2024
Report Format: PDF

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Energy Management Systems Market Trends

Advanced technologies such as Artificial Intelligence (AI) and the Internet of Things (IoT) are transforming EMS. AI-driven analytics enable real-time energy monitoring, predictive maintenance, and anomaly detection. IoT devices enhance connectivity, allowing seamless communication between smart meters, sensors, and control systems. This integration provides precise data insights, helping organizations optimize energy usage, reduce wastage, and cut operational costs. The rise of microgrids and distributed energy resources (DERs) is changing the EMS landscape.

Microgrids allow localized energy generation, often using renewable sources such as solar or wind, and can operate independently or in conjunction with the main grid. EMS solutions are being adapted to manage the complexities of decentralized energy systems, ensuring reliable and efficient energy distribution. With increased emphasis on carbon neutrality and sustainability, EMS is becoming a critical tool for organizations to meet environmental goals. Companies are leveraging EMS to track and reduce carbon footprints, align with global frameworks like the Paris Agreement, and meet ESG (Environmental, Social, and Governance) standards. Energy efficiency is now a core aspect of corporate sustainability strategies.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for energy management systems was reached USD 41.1 billion in 2024 and is estimated to grow at a 6.2% CAGR from 2025 to 2034, driven by rising global energy demand and stringent environmental regulations.

The IEMS segment is anticipated to surpass USD 33 billion by 2034 as industries like manufacturing, chemicals, and metals seek to manage energy consumption efficiently.

The software segment is projected to achieve a CAGR of over 7.3% through 2034, fueled by the rapid adoption of big data analytics and real-time monitoring tools.

The U.S. energy management systems market is projected to surpass USD 18.7 billion by 2034, led by stricter energy efficiency standards and sustainability regulations.

Major players in the industry include ABB, C3.ai, Dexma Sensors, Eaton, Emerson Electric, ENGIE Impact, eSight Energy, General Electric, GridPoint, Honeywell, IBM, Ingersoll Rand, Johnson Controls, Mitsubishi Heavy Industries, NX Technologies, Optimum Energy, Rockwell Automation, Schneider Electric, Siemens, SkyFoundry, Telkonet, and Toshiba.