ENERGY MANAGEMENT SYSTEM MARKET ANALYSIS

Energy Management System MarketSize and Trends

Global energy management system (EMS) market size was valued at US$ 36.96 Bn in 2023, and is expected to exhibit a compound annual growth rate (CAGR) of 15.9% from 2023 to 2030.  

Global Energy Management System Market (EMS) Trends

Integration of Renewable Energy

The integration of renewable energy source, such as solar and wind power into the energy mix is an increasingly prevalent trend in the global energy management system (EMS) market. EMS solutions are evolving to address the challenges associated with the integration of intermittent renewable energy sources, with a focus on effectively managing their integration, optimizing their utilization, and maintaining a balance between supply and demand. For instance, EMS systems can respond proactively to surplus renewable energy generation by automatically initiating demand response measures. These measures may involve load shifting or charging energy storage systems, ensuring that any excess energy produced is efficiently absorbed and utilized, thereby preventing wasteful curtailment. EMS platforms are leveraging real-time data and advanced analytics to monitor and manage the performance of renewable energy assets. By continuously monitoring the energy output, grid conditions, and other variables, EMS systems can dynamically adjust the operation of renewable energy sources to maximize their efficiency and minimize fluctuations in supply.