Market Overview

An energy management system is a system of computer-aided tools utilized to control, monitor, and optimize the performance of the transmission or generation system. In layman’s term, it is a database of information related to usage of financial data, energy resources, and other essential factors that aid organizations in controlling, monitoring, and analyzing operations. EMS is used by large enterprises to monitor and track energy usage in their facilities. EMS software helps to assess and build operator’s energy consumption targets, analyze consumption trends, and identify and validate opportunities for energy efficient programs, in order to minimize operational and energy costs. Currently, enterprises are required to monitor and analyze their performance in a number of ways.

The global energy management system (EMS) market was valued at US$ 9,224.6 Mn in 2019 and is expected grow at a CAGR of 14.8% during the forecast period (2019-2027).

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Market Dynamics

An energy management system (EMS) is a system of computer-aided tools utilized to control, monitor, and optimize the performance of the transmission or generation system. An energy management system is a database of information that deals with energy usage, resources, financial data, and other essential factors that assist organizations in monitoring, analyzing, and controlling applications. The data analyzed in this process can be historical or can be real-time. EMS is typically used by large enterprises to track and monitor the energy usage in their facilities. It helps enterprises to assess and build energy consumption targets, analyze consumption trends, and identify and validate opportunities for energy efficient programs, in order to minimize operational and energy costs. Furthermore, maintaining environmental sustainability has become a worldwide concern, which has compelled investors, customers, and suppliers to take decisive steps regarding environmental sustainability. The EMS help enterprises in minimizing greenhouse gas emission, which in turn, is expected to support organizations to invest in energy management solutions, thereby driving growth of the market.

Detailed Segmentation:

Global Energy Management System (EMS) Market, By Deployment:

Cloud Based

On Premise

Global Energy Management System (EMS) Market, By Vertical:

Automotive

Building Automation

Oil & Gas

Manufacturing

Pharmaceutical

Power and Energy

Others (F&B, Government etc.)

Global Energy Management System (EMS) Market, By Software:

Utility Energy Management

Industrial Energy Management

Enterprise Carbon and Energy Management

Residential Energy Management

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Key companies operating in the global energy management system (EMS) market are Schneider Electric SE, Asea Brown Boveri (ABB) Ltd., Eaton Corporation PLC, Cisco Systems, Inc., CA Technologies, General Electric Company, Emerson Process Management, Honeywell International, Inc., Siemens AG, and International Business Machine Corporation.

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