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

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


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

Coherent market insightsMarket Research and
Business Consulting Services
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.

  • 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

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.

  •  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.

  • 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,

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

  • 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.

Market Opportunities
  • Emergence growing adoption of cloud computing
    is expected to present lucrative business
  • 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.

  • 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.

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

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. 

  • 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.  

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..

Value Chain Analysis
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..

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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