Home > Energy & Power > Emerging Energy Technologies > Energy Management System > Europe Industrial Energy Management Systems Market

Europe Industrial Energy Management Systems Market Trends

Report ID: GMI9908
Published Date: Jun 2024
Report Format: PDF

Download Free Sample

Europe Industrial Energy Management Systems Market Trends

Technological advancements play a crucial role in the proliferation of IEMS. The integration of the Internet of Things (IoT), artificial intelligence (AI), and big data analytics has revolutionized energy management. These technologies provide real-time insights, predictive maintenance, and automated controls, enhancing the efficiency and effectiveness of energy management practices. The increasing availability of cloud-based platforms and smart sensors makes it easier for industries to implement and scale IEMS.

Furthermore, the push for renewable energy integration and sustainability initiatives are encouraging industries to adopt IEMS to manage and optimize their energy mix, including the use of solar, wind, and other renewable sources. As Europe continues to lead in environmental sustainability, the growth of IEMS is poised to accelerate, driving industries toward a more energy-efficient and sustainable future.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The market size of Europe industrial energy management systems was crossed USD 5.5 billion in 2023 and will grow at 6.5% CAGR between 2024 and 2032, driven by stringent government regulations on energy efficiency, the rising cost of energy, and growing awareness about sustainable practices.

Europe industrial energy management systems market from the power and energy segment will expand 6.5% CAGR through 2032, primarily due to high energy consumption and the critical need for efficiency improvements.

Germany industrial energy management systems industry size will exceed USD 1.9 billion by 2032, propelled by stringent regulatory frameworks, robust industrial base and strong emphasis on energy efficiency and sustainability.

ABB Limited, Andover Continuum, ENGIE Impact, Energy CAP, Emerson Electric Co., eSight Energy, General Electric, Honeywell International Inc., Jadetrack, IBM, and Inavitas, among others.