The Energy Management Systems (EMS) Market size is estimated at USD 48.52 billion in 2023, and is expected to reach USD 99.48 billion by 2030, growing at a CAGR of 15.65% during the forecast period 2023-2030. Electric utility grid operators employ an energy management system (EMS) which is a set of computer-aided tools that helps them monitor, control, and optimize the performance of the generation or transmission system. Microgrids and other small-scale systems can make use of it. It's one of the newer technologies that lets an organization monitor, evaluate, and visualize energy use in order to get real-time data on energy use. This idea helps improve enterprise-level operating & financial decisions, monitor energy consumption, and make data-driven judgments.
Energy Management Systems (EMS) Market, a collection of computer-aided tools, is used by electric utility grid operators to monitor, control, and optimize the performance of the generation or transmission system. It can be utilized by microgrids and other small-scale systems. One of the most recent technologies allows an organization to track, assess, and display energy use to obtain statistics on energy use in real time. This concept facilitates data-driven decision-making, energy consumption monitoring, and improved enterprise-level operating and financial decisions.
For More Industry Insight Read: https://absolutemarketresearch.com/Global-Energy-Management-Systems-(EMS)-Market/176/overview
Segmentation of the Energy Management Systems (EMS) Market:
By Component
- Solution
- Service
By End User
- Energy and Utilities
- IT and Telecom
- Manufacturing
- Retail
- Healthcare
- Others
By Type
- Home Energy Management Systems
- Building Energy Management Systems
- Industrial Energy Management Systems
By Application
- Residential
- Commercial
By Region
- North America
- Europe
- Asia-Pacific
- LAMEA
Key Players:
IBM Corporation, Rockwell Automation Inc., General Electric, Schneider Electric, Eaton, ABB, Oracle Corporation
Regional Analysis:
The United States and Canada are anticipated to present opportunities for revenue generation due to the growing usage of smart grids and infrastructure investment. The International Energy Agency (IEA) predicted that 10% more money would be spent on energy networks in 2021, with the United States leading the way in infrastructure investment. Stakeholders are also encouraged to invest in EMS since the region's need for smart energy has grown dramatically. The industries with the most demand for IoT-based solutions are predicted to be construction, residential, and commercial.
Request For a Sample: https://absolutemarketresearch.com/Global-Energy-Management-Systems-(EMS)-Market/176/request-sample
About Us:
Absolute Market Research, is one of the leading market research and intelligence solutions provider companies. Our research reports span across different industries namely automotive, aerospace & defence, chemicals & materials, construction & building materials, energy & power, healthcare, consumer goods, electronics, semiconductors, ICT & media, travel, and more. Our robust research methodology takes into account every industry aspect that can impact the growth and opportunities in the market. With the help of the result-oriented team, we offer extensive geographic coverage and tailor-made solutions to analyse global trends such as market developments that lead to transformational growth strategies. Take a look at our reports that can help you in understanding how our company can add value to your projects.
Contact Us:
Absolute Market Research
T: +1 415 799 9002
For Sales Enquiries: sales@absolutemarketresearch.com
Website: https://absolutemarketresearch.com
Linkedin | Twitter
