Energy Management System (EMS) Market, was valued at US$ 9,224.6 Mn in 2019

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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 laymans
  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 operators 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.

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• The Global Energy Management System (EMS)
  Market, by Deployment (Cloud Based, and On
  Premise), by Vertical (Automotive, Building
  Automation, Oil Gas, Manufacturing,
  Pharmaceutical, Power and Energy, and Others
  (FB, Government etc.)), by Software (Utility
  Energy Management, Industrial Energy Management,
  Enterprise Carbon and Energy Management, and
  Residential Energy Management) and by Region
  (North America, Europe, Asia Pacific, Latin
  America, and Middle East Africa) - Global
  Forecast to 2027, is expected to exhibit a CAGR
  of 14.8 during the forecast period (2019-2027),
  as highlighted in a report published by Coherent
  Market Insights

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Market Dynamics- Drivers

• Growing demand for energy management systems in
  commercial sectors is expected to drive growth of
  the global energy management system (EMS) market
  during the forecast period
• Currently, a number of organizations are facing
  challenges regarding reducing energy consumption.
  Increasing pressure to adopt sustainable energy
  solutions is expected to boost the adoption of
  energy management solutions in industrial and
  commercial sectors. Furthermore, energy
  management solutions help enterprises in
  minimizing operational costs and greenhouse gas
  emission, which in turn, is expected to support
  organizations to invest in energy management
  solutions, thereby driving growth of the market.
  For instance, Microsoft Corporation, France has
  invested in Schneider Electrics energy
  management solution, in order to expand its
  operational capabilities and reduce carbon
  footprint. Furthermore, Adoption of energy
  management solutions has facilitated reduction of
  power consumption by 30.

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•  Constant increase in regulatory obligations and
  industry guidelines is expected to propel the
  global energy management system (EMS) market over
  the forecast period
• All resource-intensive industries use vast
  amounts of raw materials, energy, resources, and
  water, which eventually leads to significant
  generation of solid waste, emissions, and
  effluents. Hence, these industries are often
  subjected to stringent global and domestic
  regulations with various plant-level geography
  compliances. In order to comply with the strict
  regulatory policies, enterprises are
  incorporating sustainability management solutions
  or adopting EMS solutions to ensure reduction in
  carbon footprint and control on waste generation.
  For instance, in 2012, Europe Energy Efficiency
  Directive established a set of rules to reduce
  energy wastage and to reach a 20 energy
  efficiency target by 2020. The objective of the
  directive is to encourage efficient energy
  consumption at all stages of energy chain and
  adapt energy sustainability.

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• North America region dominated the global energy
  management system (EMS) market in 2019,
  accounting for 37.5 share in terms of value,
  followed by Europe and Asia Pacific,
  respectively

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Market Dynamics- Restraints

• Lack of awareness related to environmental
  initiatives is expected to restrain growth of the
  global energy management system (EMS) market
  during the forecast period
• Small enterprises, especially in emerging
  economies such as India and China contribute
  significantly to environmental pollution. This is
  due to passive attitude of these enterprises
  towards pollution prevention as there is very low
  environmental awareness in such organizations.
  Generally, large enterprises invest significantly
  in pollution control and energy management,
  unlike small enterprises. Moreover, pollutions
  standards enforcements are uneven and only
  government-owned organizations are targeted for
  environmental monitoring, pollution charges and
  fines. On the contrary, small- and mid-sized
  enterprises escape the fines. These factors are
  expected to restrain growth of the global energy
  management system (EMS) market over the forecast
  period.

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• Absence of data, regulatory standards, and common
  practices within and among companies is expected
  to hinder the global energy management system
  (EMS) market over the forecast period
• Many companies offer vast opportunities regarding
  energy saving and conservation. This is owing to
  lack of reliable data, common practices, and
  standards within and across companies, leading to
  missed opportunities. Moreover, only large
  organizations are observing green initiatives and
  optimizing resource utilities such as controlling
  and monitoring energy consumption, enhancing
  procurement strategies, planning budgeting
  decisions, and lighting retrofits, in order to
  take advantage of tax credits for renewable
  energy generation and energy conservations.
  However, too many SMEs fail to implement green
  initiatives or are yet to implement green
  initiatives. This is owing to lack of awareness
  and comprehension related to energy management
  solutions, thereby hindering the market growth.

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Market Opportunities

• Emergence growing adoption of cloud computing
  is expected to present lucrative business
  opportunities
• Cloud computing has been vastly adopted in
  numerous industries though its potential remains
  untapped in the energy management solutions.
  Cloud-based technology presents various benefits
  of updating software in real-time thereby
  enabling users to utilize the data more
  efficiently. In EMS, organizations are
  increasingly adopting cloud-based software to
  gain significant benefits such as robustness,
  scalability, low cost, user-friendly access, and
  granular level analysis of energy consumption.
  These solutions can assist companies to generate
  more efficient reports, improve their
  performance, and achieve better return on
  investment. Hence, growing adoption of
  cloud-based EMS is expected to present excellent
  growth opportunity for market players.

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• Delivering end-to-end customer experience to pose
  significant business opportunity
• Energy management solutions provider can
  capitalize on untapped potential by offering
  end-to-end customer experience. SMEs are
  increasingly demanding software solutions that
  are convenient, simple, and offer value for
  money. By delivering, choices in buying options,
  EMS vendors can gain competitive edge in the
  market. Offering an end-to-end customer
  experience in line with industry standards and
  showing progressive elaboration with the service
  with respect to technology, processes, and
  service levels can help vendors to expand SME
  consumer base.

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• Delivering end-to-end customer experience to pose
  significant business opportunity

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Market Trends

• Growing adoption of Internet of Things (IoT) is
  major trend in the market
• Various organizations are adopting IoT solutions,
  in order to enhance existing EMS facilities.
  Currently, building lighting systems can be
  integrated with IoT with the installation of
  simple controls and attain greater benefits such
  as understanding exact consumption of energy with
  real-time data thereby assisting in energy
  management and monitoring. 

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• Proliferation of smart meters to understand exact
  consumption of energy is another major trend
• Many countries are increasingly adopting smart
  meters, in order to facilitate clear reading of
  energy consumption. For instance, according to
  the U.K. Government, in September 2016, 4.9 Mn
  smart and advanced meters were operating in
  businesses and homes across Great Britain, and
  the country. In November 2016, BEIS Published an
  updated Cost-Benefit Analysis of the rollout
  smart meters are set to deliver significant net
  present value benefits to consumers, projected at
  US  6.1 Bn over the lifetime of the program.  

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Segment Information

• The oil and gas vertical is accounted for 27.8
  in 2019 and is expected to grow at a CAGR of
  15.3 during the forecast period..

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Value Chain Analysis
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Competitive Section

• 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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Key Developments

• Key companies in the market are focused on joint
  ventures, in order to enhance their market
  presence. For instance, in February 2017, Siemens
  AG entered into a joint venture named egrid to
  commercially implement the results from IREN2 and
  IRENE and, two joint smart grid research projects
  in Wildpoldsried.
• Major market players are involved in forming
  strategic alliances with other companies, in
  order to gain competitive edge in the market. For
  instance, in February 2017, Honeywell
  International, Inc. entered into a strategic
  alliance with Denmark's largest retailer,
  Coop Denmark. The project aims to reduce energy
  consumption by 20 by 2020 and achieve mandated
  carbon reduction goals. The companys energy
  solutions help Coop Denmark to lower energy
  consumption, minimize operational costs, and
  track returns on energy-saving measures, which is
  in line with Denmark's goal to be the world's
  first carbon-neutral capital by 2025.

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