Energy Management Systems (EMS) Market Size, Share & Trends Report

Energy Management Systems (EMS) Market Size, Share & Trends Analysis Report By System Type, By Vertical (Residential, Manufacturing, Retail, Telecom & IT), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-666-0
  • Number of Report Pages: 100
  • Format: PDF, Horizon Databook
  • Historical Range: 2017 - 2021
  • Forecast Period: 2023 - 2030 
  • Industry: Technology

Research Methodology

A three-pronged approach was followed for deducing the energy management systems (EMS) market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for energy management systems (EMS) market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of energy management systems (EMS) market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Energy Management Systems (EMS) Market Categorization:

The energy management systems (EMS) market was categorized into five segments, namely system type (Industrial energy management systems, Building energy management systems, Home energy management systems), component (Hardware, Software, Services), deployment (On-Premises, Cloud), vertical (Residential, Energy & Power, Telecom & IT, Manufacturing, Retail, Healthcare), and region (North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa).

Segment Market Methodology:

The energy management systems (EMS) market was segmented into system type, component, deployment, vertical, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The energy management systems (EMS) market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into ten countries, namely, the U.S.; Canada; Mexico; the UK; Germany; France; China; Japan; India; Brazil.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Energy management systems (EMS) market companies & financials:

The energy management systems (EMS) market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

  • ABB is primarily involved in manufacturing power and automation products such as motors, generators, programmable logic controls, robotics, and variable speed drives. The company has three main business divisions: Electrification, Motion, Process Automation, and Robotics & Discrete Automation. The company offers energy management solutions, which help organizations worldwide by providing insights on energy consumption and the performance of numerous systems in their facilities to achieve higher efficiency and profitability.

  •, Inc. is an enterprise AI application software solution provider. Its product portfolio includes the C3 AI application platform and C3 AI application service. C3 AI application platform assists in developing, deploying, and operating AI applications. C3 AI Applications comprise a portfolio of SaaS and enterprise AI applications that accelerate digital transformation in several industries with configurable and prebuilt C3 AI Applications for use cases, including energy management, fraud detection, anti-money laundering, sensor network health, predictive maintenance, supply network optimization, and customer engagement.

  • General Electric is a multinational conglomerate that operates through four segments, namely aviation, healthcare, renewable energy, and power. General Electric focuses on innovations through R&D, which enables the company to gain a competitive advantage. In 2021, the company revealed plans to merge its renewable energy, power, and digital businesses into a single unit as a restructuring effort.

  • GridPoint, a U.S.-based company, provides energy management solutions. These include energy efficiency, operational efficiency, demand management, sustainability, and grid services. It also provides multiple platforms such as energy metering, asset monitoring, asset controls, energy optimization, automated demand response, and mobile energy management. The company operates through regional offices located in the U.S., Canada, and the U.K. and caters to restaurants, government agencies, and hospitals, among other establishments. In November 2015, the company was acquired by Twenty First Century Utilities, LLC.

  • Honeywell International Inc. is engaged in developing and commercializing technologies that address critical challenges around productivity, security, safety, energy, and global urbanization. The company manages its business operations through four reportable segments, namely aerospace, Honeywell building technologies, performance materials & technologies, and safety & productivity.

  • International Business Machines Corporation, popularly known as IBM Corporation, is a multinational technology and consulting corporation that operates in over 170 countries. IBM serves and offers solutions such as IT consulting & services and computer hardware and software. The company specializes in the manufacturing and commercialization of computer hardware, software, and middleware and provides infrastructure, consulting, and hosting services for diverse applications, including nanotechnology and mainframe computers. Notable products in the energy segment include the IBM TRIRIGA Environmental and Energy Management Software and the IBM Tivoli Monitoring for Energy Management.

  • Johnson Controls is a conglomerate specializing in the designing and development of electronics, HVAC equipment, and automotive parts. The company serves healthcare, transportation, residential, construction, finance, education, government, automotive, and power & utility sectors. Its product and solutions portfolio includes HVAC equipment, fire suppression, fire detection, digital solutions, distributed energy storage batteries, industrial refrigeration, residential & smart homes, building & automation control, security, and retail solutions.

  • Schneider Electric offers energy management & automation solutions to a wide range of industries. The company operates through four business segments: Medium Voltage, Low Voltage, Secure Power, and Industrial Automation. It offers surge protection devices under its low voltage segment. The sales and marketing of these products are mainly carried out by direct sales along with third-party channel partners such as distributors, wholesalers, OEMs, machine builders, installers, and system integrators.

  • Siemens is a technology firm specializing in infrastructure, industry, transport, digital transformation, transmission, and electrical power generation. The company operates through five business segments – energy, smart infrastructure, mobility, digital industries, and portfolio companies. To achieve a carbon-neutral society, the company's energy business offers fully integrated products, solutions, and services along the entire energy value chain, including power generation, oil & gas production, and transmission.

  • Cisco Systems, Inc. provides information technology and networking services. The company offers a wide range of networking devices in fundamental and cutting-edge technology fields such as security, wireless, IP, and storage. It operates through two business segments, namely products and services. The company classifies its business into three geographic segments: Europe, Middle East, and Africa (EMEA); Americas; and Asia Pacific, Japan, and China (APJC).

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Energy Management Systems (EMS) Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2022, historic information from 2017 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Energy Management Systems (EMS) Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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