U.S. Energy Management Systems (EMS) Market Report

U.S. Energy Management Systems (EMS) Market Analysis By Product (IEMS, BEMS, HEMS), By Component (Sensors, Controllers, Software, Battery, Display Devices), By Vertical (Power & Energy, Telecom & IT, Manufacturing, Retail & Offices, Healthcare), By End-Use (Residential, Commercial) And Segment Forecasts To 2024

Published: August 2016  |  66 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-033-0

Industry Insights

The U.S. energy management systems (EMS) market size was USD 7.97 billion in 2015. Growing requirement for reliable and efficient information technology plat forms for controlling, optimization and monitoring of energy sources is expected to be a key factor contributing to market growth. Technological advancements coupled withgrowing commercialization of innovative products is projected to drive future investments in this sector.

Increasing EMS demand in industrial sector mainly in manufacturing and power & energy enterprises for assessing and real-time monitoring of energy consumption pattern is anticipated to stimulate the market growth over the forecast period.

Integration with cloud-based systems coupled with high automation level has permitted real-time monitoring of energy consuming equipment including HVAC. The aforementioned factor is anticipated to drive the U.S. EMS market growth over the next eight years.

EMS serves the purpose of energy monitoring, optimization, and saving for numerous end-user verticals in the residential, commercial, and industrial sectors including power & energy, telecom & IT, manufacturing, retail & offices, and healthcare. These industries identify the rapidly changing energy consumption and efficiency potential trends in the U.S., and which makes the product demand to rise over the forecast period.

Growing concerns towards reducing the carbon footprint and reuse of waste heat in the facilities areexpected to drive demand for cost-effective and high-efficiency EMS modules over the next few years.Increasing R&D investments to commercialize highly efficient products in the U.S. are projected to offer huge opportunities for players operating in the industry.

Favorable government initiatives such as Energy Star under the U.S. EPA offer a wide range of resources and tools to help companies align the energy performance in their operations and facilities, thus promoting EMS implementation.

U.S. energy management systems (EMS) market revenue by product, 2014 - 2024 (USD Million)

U.S. energy management systems (EMS) market

Product Insights

Industrial energy management system (IEMS) dominated the U.S. market and accounted for 58.4% of total revenue in 2015 and is expected to grow at an estimated CAGR of 11.4% from 2016 to 2024.The increasing popularity of recent technologies including cloud computing and big data for the better storage and analytics are drawing the attention of the U.S. industries towards IEMS. Real-time data analytics is a trending technology that is expected to positively influence the IEMS market over the forecast period.

BEMS is expected to grow at a CAGR of 14.2% from 2016 to 2024. Technological advancements with reference to the incorporation of BEMS modules with cloud-based software platforms have enabled the U.S. companies to monitor and control the energy utilization sustainably over the forecast period.

Home energy management system (HEMS) is expected to witness the fastest growth over the forecast period.High energy consumption along with growing concern to reduce overall energy wastage is expected to drive growth in the sector over the forecast period. Rising demand in the U.S. for optimized power consumption and specialized systems to monitor and control this pattern in small scale has led to commercialization of HEMS.

Component Insights

Sensors are highly consumed component and accounted for 35.1% of the U.S. EMS market in 2015 and are expected to grow at a CAGR of 11.9% from 2016 to 2024. Technological advancement and real-time data tracking with enhanced sensor efficiency is expected to drive the demand in the U.S. Increasing penetration of sensors into buildings less than 50,000 square feet, is anticipated to drive the market growth.

Development of low-cost advanced control technologies can provide tremendous opportunities to improve operation efficiency in buildings, which is anticipated to raise controllers demand over the forecast period.

The U.S. energy management software market was valued USD 1,951.9 million in 2015 and is anticipated to grow at a CAGR of 14.4% from 2016 to 2024. Improving infrastructure in the U.S. coupled with collaborative technology for integrating every other component with a single remote-controlled system has led to significant increase in EMS software demand.

Vertical Insights

Power & energy was the largest application segment that accounts for 40.8% of the U.S. revenue in 2015 and is expected to lose share to high growth verticals including retail & offices and healthcare. The U.S. is a global leader in the production and supply of energy and is one of the world’s largest energy consumers owing to their complex infrastructure coupled with smart grid technologies.The aforementioned factor is projected to drive the EMS market growth over the forecast period.

The EMS demand in telecom & IT sector in the U.S. is expected to grow at a CAGR of 13.1% from 2016 to 2024. Continuous innovations especially focusing on non-traditional business models such as Internet of Things (IOT) applications and evolving communication technologies is anticipated to increase the product demand in near future.

EMS demand in retail & offices sector in the U.S. was valued USD 1,185.8 million in 2015 and is expected to grow at an estimated CAGR of 13.9% from 2016 to 2024. Owing to increasing usage in retail shops and supermarkets to intelligently manage their energy demand during peak hours is estimated to increase the usage of EMS in retail & office sector.

End-Use Insights

EMS is predominantly deployed in the commercial sector. The segment accounted for over 90% of the total revenue in 2015 and is expected to remain the largest end-use segment over the forecast period. Rising concerns towards reducing operating costs and power optimization in large as well as small-scale enterprises are expected to drive demand in near future. Increasing demand for office space coupled with growing corporate sector is expected to drive investments in the U.S. EMS market.

EMS demand in the residential sector is anticipated to grow at an estimated CAGR of 17.4% from 2016 to 2024. Rising need to optimize the use of energy in this sector is anticipated to drive EMS demand over the forecast period.

Competitive Insights

The U.S. EMS market value chain consists of several significant segments including component manufacturers, system assemblers & integrators, distributors & implementers, verticals, and end-use.

Major players operating in the industry market include Siemens AG, GE, Honeywell, and Schneider Electric. These companies are integrating the energy management systems for various applications. Key strategic initiatives undertaken by major companies include new product launch, acquisitions, and partnerships. A large number of local players are also present in the global market offering energy management systems, components, software, and services.

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