Energy Management Systems Market (By Product: IEMS, BEMS, HEMS; By Component: Sensors, Controllers, Software, Batteries, Display Devices, Others; By Solution: Carbon Energy Management, Demand Response Management, Utility Billing and Customer Information System; By Vertical: Power & Energy, Telecom & IT, Manufacturing, Retail & Offices, Healthcare, Others; By End Use) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022 – 2030


The global energy management systems market size was valued at US$ 45.11 billion in 2021 and it is projected to surpass around US$ 153.62 billion by 2030 with a registered CAGR of 14.55% from 2022 to 2030.

Energy Management Systems Market Size 2022 to 2030

Growth Factors

The energy management systems are helping in the reduction of energy costs. Even government of established and emerging nations is implementing various programs and policies in favor of adoption and acceptance of energy management systems in the global market. The energy management systems are being considered as one of the innovative technologies for the power and energy sectors.

The small and medium enterprises along with every type of industry are deploying energy management systems. Due to benefits provided by energy management systems, the demand for energy management systems is increasing at a rapid pace. One of the prominent factors driving the growth of the global energy management systems market is technological developments. In addition, the government is highly investing for the development of the energy management systems. This factor is boosting the growth of the global energy management systems market over the projected period.

The energy management systems are gaining momentum in the global market. Since few decades, the adoption of automatic energy management systems had increased at a rapid pace. The growing concerns regarding pollution and carbon emissions are supporting the expansion and development of the energy management systems market. Furthermore, the government is emphasizing the importance of energy consumption which is boosting the energy management systems market growth.

In addition, the growing use of renewable energy sources is driving the demand and need for energy management systems. The major market players are collaborating with government agencies for the development of the global energy management systems market. The energy management systems are cost effective and efficient in nature, which is creating growth prospects for the energy management systems market growth and development globally during the forecast period.

Report Scope of the Energy Management Systems Market

Report Coverage Details
Market Size by 2030 USD 153.62 Billion
Growth Rate from 2022 to 2030

CAGR of 14.55%

Largest Market Asia Pacific
Fastest Growing Market North America 
Base Year 2021
Forecast Period 2022 to 2030
Segments Covered Product, Component, Solution, Vertical, End Use, Geography
Companies Mentioned

Siemens AG, Honeywell Inc., General Electric Company, Emerson Process Management, Elster Group GmbH, Daintree Networks, Schneider Electric, C3 Energy, Daikin Industries and Gridpoint Inc.

Segmental Insights

Product Insights

The industrial energy management systems (IEMS) segment dominated the market in 2021. The energy management systems are highly adopted in various industries and sectors. The energy management systems are adopted in manufacturing sector on large scale. This factor is driving the segment growth.

Energy Management Systems Market Share, By Product 2021 (%)

The building energy management systems (BEMS) segment is fastest growing segment of the energy management systems market in 2021. The growing awareness about energy management systems combined with growing number of building and construction projects is contributing to the expansion of the segment over the forecast period.

Component Insights

The sensors segment accounted largest revenue share in 2021. The factors such as technological developments and adoption of innovative products are boosting the segment growth. There is surge in demand for sensors due to rising emphasis on tracking and monitoring data. In addition, the sensors are efficient in nature, which is boosting the growth of the energy management systems market.

The software segment is fastest growing segment of the energy management systems market in 2020. The major market players are integrating data analytics and software with energy management systems, which is driving the growth of the global energy management systems market over the projected period.

Solution Insights

The carbon energy management segment led the market in 2021. The factors such as depletion of fossil fuels and growing concerns for environment are driving demand for carbon energy management systems. Furthermore, the carbon energy management systems are used to curb the adverse effects of carbon emissions and greenhouse gases emissions in the environment. All these factors support the growth of the segment.

The utility billing and customer information system segment is fastest growing segment of the energy management systems market in 2021. The utilization of utility billing and customer information system helps in the management of customer information effectively and efficiently. This system or solution helps to reduce high costs associated with the management of customer information. It also helps to carry out day to day operations smoothly.

Vertical Insights

The power and energy segment garnered largest market share in 2021. The energy management systems are widely used in power and energy sectors. The energy management systems help to track and monitor energy utilization on a regular basis. This also helps to smooth out the operations of the industries. Thus, this factor is driving the growth of the segment.

The retail and offices segment are fastest growing segment of the energy management systems market in 2021. The adoption of energy management systems for retail and offices help to utilize energy and power without any wastage. Also, the energy consumption can be tracked through energy management systems.

End Use Insights

The residential segment accounted largest market share in 2021. The energy management systems are being utilized for residential sector. The rising electricity billing costs in residential areas are propelling the growth of the global energy management systems market over the forecast period.

The commercial segment is fastest growing segment of the energy management systems market in 2021. The energy management systems are being utilized in various shopping malls, theatres, and business spaces. This is creating demand for energy management systems for the commercial areas and sectors.

Region Insights

Asia-Pacific dominated the energy management systems market in 2021. The lack of electricity in some areas of Asia-Pacific is creating demand for energy management systems on a large scale. The rapid industrialization and urbanization are also driving the market growth. The high investments in the development of energy management systems are contributing towards the growth of energy management systems market in Asia-Pacific region.

Energy Management Systems Market Share, By Region 2021 (%)

North America is expected to develop at the fastest rate during the forecast period. The stringent government regulations regarding energy storage and management are driving the market growth. In addition, the government is implementing favorable policies that support the adoption of the energy systems. This factor is driving the growth of the energy management systems market in North America region.

Key Developments

  • Yokogawa India Ltd. bought a stake in APB Corporation, a Japanese energy management systems company, in March 2020 to expand its operations. 
  • Opus One Solutions Energy Corporation, a software firm that helps optimize energy operations and planning was purchased by General Electric in December 2021. This agreement will assist General Electric in planning, optimizing, and trading renewable and distributed energy resources in order to enable a contemporary system.

Some of the prominent players in the global energy management systems market include: 

  • Siemens AG
  • Honeywell Inc.
  • General Electric Company
  • Emerson Process Management
  • Elster Group GmbH
  • Daintree Networks
  • Schneider Electric
  • C3 Energy
  • Daikin Industries
  • Gridpoint Inc. 

Segments Covered in the Report

(Note*: We offer report based on sub segments as well. Kindly, let us know if you are interested)

By Product

  • Industrial Energy Management Systems (IEMS)
  • Building Energy Management Systems (BEMS)
  • Home Energy Management Systems (HEMS) 

By Component

  • Sensors
  • Controllers
  • Software
  • Batteries
  • Display Devices
  • Others

 By Solution

  • Carbon Energy Management
  • Demand Response Management
  • Utility Billing and Customer Information System

By Vertical

  • Power & Energy
  • Telecom & IT
  • Manufacturing
  • Retail & Offices
  • Healthcare
  • Others

By End Use

  • Residential
  • Commercial

By Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • France
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Malaysia
    • Philippines
  • Latin America
    • Brazil
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC
    • North Africa
    • South Africa
    • Rest of the Middle East & Africa

Frequently Asked Questions

What is the current size of energy management systems market?
The global energy management systems market size was reached at US$ 45.11 billion in 2021 and is anticipated to rake around US$ 153.62 billion by 2030.
The global energy management systems market is expected to grow at a CAGR of 14.55% from 2022 to 2030.
The major players operating in the energy management systems market are Siemens AG, Honeywell Inc., General Electric Company, Emerson Process Management, Elster Group GmbH, Daintree Networks, Schneider Electric, C3 Energy, Daikin Industries and Gridpoint Inc.
The prominent factors driving the growth of the global energy management systems market is technological developments.
Asia Pacific will lead the global energy management systems market in the forecast period 2022 to 2030.

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