Throughout the forecast period, the global energy management system market is likely to be hampered by a lack of knowledge about environmental programmes. North America and Europe were the two top revenue markets in 2018 and are likely to maintain their dominance during the projection period. The expanding automobile sector, along with rising pollution, is driving market expansion in these areas. A smart metre is a form of electricity and gas metre that can relay metre readings to energy suppliers automatically. Smart metres can help customers understand their energy use trends and provide associated data in the display. For example, (DCC) Data and Communications conducted a survey in November 2016 on options for enrolling the first generation of smart metres (SMETS1) into its systems. The introduction of fresh technologies such as big data, cloud computing, and analytics is propelling the worldwide market for energy management systems forward.
According to Coherent Market Insights, The Global Energy Management System (EMS) Market was valued at US$ 37.8 Bn in 2021 and is expected grow at a CAGR of 15.9% during the forecast period (2017-2030).
Leading Companies in the Energy Management System (EMS) Industry:
1. Schneider Electric SE
Schneider Electric S.E. engages in the energy management and industrial automation business worldwide. The company was founded in 1836 and is headquartered in Rueil-Malmaison, France. In January 2022 - Schneider Electric, has a provider in the digital transformation of energy management and automation, introduced an integrated solutions which is tailored to build smart, green energy management and automation infrastructure. The infrastructure is made up of interoperable EcoStruxure Microgrid Advisor, which permits users to collect, forecast, and optimize the operation of distributed energy resources using predictive algorithms.
2. Eaton Corporation PLC
Eaton Corporation plc operates as a power management company worldwide. Eaton Corporation plc was founded in 1911 and is based in Dublin, Ireland.
3. Cisco Systems, Inc.
Cisco Systems, Inc. designs, manufactures, and sells Internet Protocol based networking and other products related to the communications and information technology industry in the Americas, Europe, the Middle East, Africa, the Asia Pacific, Japan, and China. Cisco Systems, Inc. has strategic alliances with other companies. Cisco Systems, Inc. was incorporated in 1984 and is headquartered in San Jose, California.
4. CA Technologies
The company was founded in 1976. CA together with its subsidiaries, engages in the design, development, marketing, licensing, and support of information technology (IT) management software products that operate on a range of hardware platforms and operating systems. The company is headquartered in New York. It is acquired by Broadcom Limited.
5. General Electric Company
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.
6. Emerson Process Management
The company is headquartered in Missouri, founded in 1985. EPM is a leader in helping businesses automate their production, processing and distribution facilities in key industries. In August 2021, Emerson acquired Open System Internationals for USD 1.6 billion. OSI inc. is a leading operations technology software provider that broadens and complements Emerson’s robust software portfolio and improves energy efficiency and reliability.
7. Honeywell International, Inc.
Honeywell International Inc. operates as a diversified technology and manufacturing company worldwide. The company was founded in 1885 and is headquartered in Charlotte, North Carolina. In June 2022 Honeywell International Inc., has launched carbon and energy management, as a buildings solutions, which help building owners and operators meet two objectives, reducing the environmental impact of buildings and optimizing indoor air quality.
8. Siemens AG
Siemens is an engineering and electronics company that specializes in the fields of industry, energy, transportation, and healthcare. The company, formerly known as Siemens & Halske, was founded in 1847 and is headquartered in Munich, Germany.
9. International Business Machine Corporation
International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through four business segments: Software, Consulting, Infrastructure, and Financing. It was incorporated in 1911 and is headquartered in Armonk, New York.
*Definition- An energy management system is a collection of computer-aided tools used to regulate, monitor, and improve the transmission or generating system's performance.
