Energy management system (EMS) market is expected to grow at a moderate rate during the forecast period 2019-2025. The energy management system (EMS) is used to control, monitor and conserve energy in various areas such as home and building or organization. In the process, energy consumption is metered and collects data, and the EMS system reduce the energy consumption.  The EMS is considered as the tool to improvise systems for heating, ventilation, air-conditioning and lighting and reduces the amount of energy consume. The price of electricity is increasing, therefore, the need for energy saving system is increasing globally. The EMS controls and reduces energy consumption, reduce carbon emission and reduces environmental risk. Smart EMS with renewable source allows to optimize demand and supply, through setting optimal comfort levels and scheduling appliances. For instance, the home energy system can be managed through the scheduling appliances such as washing machines and dishwashers. The technique exploits renewable sources such as wind energy and solar energy, and enables homes/buildings to reduce dependence on grid power.

The increasing demand for energy efficient systems is the factor that driving the EMS market growth. Whereas, increasing the installation cost of the system and less awareness among people regarding the utilization of the energy management system is considered as the major restraint for the growth of the market. The advancement in EMS and the introduction of the smart energy management system is creating the opportunity for the global EMS market. Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World. North America region is having considerable market share in global market due to increasing government initiative for energy saving. For instance, the US Department of Energy’s State Energy Program (SEP) offers to fund to states, which enables to enhance energy security, energy initiatives, and reduce energy waste. However, in Asia-Pacific, the demand for an energy management system and government initiatives for saving energy is increasing. In India, urbanization is considered a major reason for rising energy consumption, as most of the populations are shifting from rural areas to cities. Therefore, there is an increase in electric grids, buildings, water treatment infrastructure, roads, and industrial facilities. The rapid urbanization in the region increases the demand for an energy management system in the region.

The EMS is segmented on the basis of the component, system type and vertical. On the basis of components, the EMS is categorized into hardware and software. The energy management software provides insights into energy consumption, the component of energy management software includes reporting interface, digital meter reading, integrate with an integrated workplace management system and pattern assessment ability. The software allows tracking of data trends, normalize energy data and provides preventive maintenance on equipment. The Schneider Electric company’s EMS offers transmission and sub-transmission networks that can be deployed and operated as fully integrated with ADMS (Advanced Distribution Management System) or as a stand-alone system. The EMS allows to operate, optimize, visualize and maintain transmission and sub-transmission networks, with the applications for voltage stability, load flow, state estimation, optimal power flow, fault calculation, and optimal topology change.

In EMS, proper algorithms are required to develop, control and enables renewable power sources to utilize and automatically limit heavy loads. The smart energy management systems for residential use is implemented to manage the energy consumption of household appliances and smart algorithm switch between power sources to improvise distributed energy resource. The need for home energy management systems (HEMS) is increasing as technology allows to improvise small-scale solar power and battery storage. The HEMS is a technology-based platform as it involves both hardware and software, which allow the user to monitor energy usage and production. The system assists devices to turn on and off remotely, manage the flow of energy, set devices to operate on schedules and allows machine learning to operate system semi-automatically.

There are various companies involved in the EMS market such as GridPoint, Inc., Honeywell International, Inc., IBM Corp., Johnson Controls International PLC, Rockwell Automation, Inc., SAP SE, and Schneider Electric SE. The companies are focused on developing an advanced energy management system to stay competitive in the market.  For instance, in January 2017, Honeywell introduced home energy management software, which allows to reduce energy cost and enhance grid stability. The software works with Wi-Fi thermostat brands and models and will work with the company’s Lyric T5 Wi-Fi thermostat to reduce energy cost and consumption. The company collaborated with Whisker Labs in order to integrate the connected saving intelligent demand-side management (IDSM) technology into its portfolio of software and services. Geographical expansion, merger & acquisition, finding a new market or innovate in their core competency in order to expand individual market share is a key strategy adopted by major market players.

Research methodology:

The market study of the global energy management system market is incorporated by extensive primary and secondary research conducted by a research team at OMR.  Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary sources include:

• Financial reports of companies involved in the market.
• Authentic Public Databases such as the DOE (Department of Energy), OECD (Organisation for Economic Co-operation and Development), and others.
• Whitepapers, research-papers and news blogs.
• Company websites and their product catalog.

The report is intended for companies, research organizations, investment companies, government organizations for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market segmentation:

1. Global Energy Management System Market Research and Analysis by Component
2. Global Energy Management System Market Research and Analysis by System type
3. Global Energy Management System Market Research and Analysis by Vertical

The report covers:

• Comprehensive research methodology of the global energy management system market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global energy management system market.
• Insights about market determinants which are stimulating the global energy management system market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of market players.