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North America Energy Management Systems Market Size (2024 - 2029)

The North America Energy Management Systems market is experiencing growth driven by increasing energy consumption and the need for efficiency among private enterprises and government authorities. The demand for energy management solutions is being propelled by regulatory requirements, cost-saving measures, and the optimization of energy use in homes, industries, and commercial buildings. The COVID-19 pandemic has further influenced this demand due to heightened energy needs during home quarantines. Additionally, the adoption of smart technologies and real-time energy management systems is expected to contribute significantly to the market's expansion.

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Market Size of North America Energy Management Systems Industry

North America Energy Management System
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2019 - 2022
CAGR 15.10 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

North America Energy Management Systems Market Analysis

The North America Energy Management System market is expected to register a CAGR of 15.1% over the forecast period (2021 - 2026).The outbreak of COVID-19 has had a mixed impact on the Energy management system market as the vendors operating in the market serving the end-user industries, which are deemed essential by various governments globally, in times of pandemic, the global residential power has seen a significant growth owing to home quarantines thus driving the demand for the deployment of energy management systems.

  • Energy efficiency has been increasingly becoming the primary focus of private enterprises and government authorities worldwide. The increasing economic activities have led to high-energy consumption rates and have pushed the global electricity grids to their limits. This is expected to drive the energy management systems market in the forecast period.
  • Owing to the government regulations, cost savings, and optimizing their energy consumption, homes, industries, and enterprises have been increasingly adopting energy management solutions. The primary component of EMS measuring, communication, and software application helps reduce costs. According to a study by MIT, buildings waste at least 30% of their energy, which can be saved with the help of EMS.
  • Reduction in energy consumption has been a primary concern among commercial building owners and managers to save money. According to the US Energy Information Administration, almost 40% of the energy consumed in the country powers commercial and residential buildings. According to the New York State Energy Research and Development Authority (NYSERDA), enabling real-time energy management systems and smart technologies can reduce costs by an average of 15%. Such developments have been influencing the demand for EMS further, as part of the smart solutions in both the commercial and residential buildings.
  • Energy Management hardware manufacturers need to meet the regulatory standards imposed across regions concerning the end-device equipment's power management section. These power standards vary from region to region and are continually evolving.

North America Energy Management Systems Industry Segmentation

An energy management system (EMS) is a computer-aided tool used by the operators of electric utility grids for monitoring and optimizing the performance of generation and/or transmission systems. North America Energy Management Systems market is segmented by type of EMS (Building Energy Management Systems(BEMS), Home Energy Management System(HEMS)), by BEMS End-Users (Commercial, Industrial, Healthcare, Education, Other End-user) and By Country.

By Type of EMS
Building Energy Management Systems (BEMS)
Hardware
Software
Services
Home Energy Management Systems (HEMS)
Hardware
Software
By BEMS End User
Commercial
Industrial
Healthcare
Education
By Country
United States
Canada
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North America Energy Management Systems Market Size Summary

The North American Energy Management Systems (EMS) market is experiencing significant growth, driven by the increasing focus on energy efficiency and the need to optimize energy consumption across various sectors. The market is influenced by the rising economic activities that have led to higher energy consumption rates, pushing electricity grids to their limits. This has prompted homes, industries, and enterprises to adopt energy management solutions to comply with government regulations, achieve cost savings, and reduce energy waste. The demand for EMS is further bolstered by the need to address energy consumption in commercial and residential buildings, which account for a substantial portion of the energy used in the region. The integration of smart technologies and real-time energy management systems is seen as a key strategy to reduce costs and enhance energy efficiency.

In the United States, the EMS market is particularly robust due to the country's status as a major electricity consumer and the presence of stringent regulations aimed at reducing greenhouse gas emissions. The market is supported by federal policy directives and the increasing adoption of renewable energy sources. The rise in data center projects has also led to investments in maintaining energy efficiency, with initiatives like the Federal Energy Management Program encouraging improvements in data center energy use. The market is partially consolidated, with key players such as Johnson Control International PLC, Honeywell International Inc., Siemens AG, and Schneider Electric SE leading the charge in providing innovative energy management solutions. Collaborative efforts, such as those between Walmart Inc. and Schneider Electric, aim to enhance access to renewable energy, further driving the market's growth.

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North America Energy Management Systems Market Size - Table of Contents

  1. 1. MARKET INSIGHTS

    1. 1.1 Market Overview

    2. 1.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.2.1 Bargaining Power of Suppliers

      2. 1.2.2 Bargaining Power of Consumers

      3. 1.2.3 Threat of New Entrants

      4. 1.2.4 Intensity of Competitive Rivalry

      5. 1.2.5 Threat of Substitutes

    3. 1.3 Industry Value Chain Analysis

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type of EMS

      1. 2.1.1 Building Energy Management Systems (BEMS)

        1. 2.1.1.1 Hardware

        2. 2.1.1.2 Software

        3. 2.1.1.3 Services

      2. 2.1.2 Home Energy Management Systems (HEMS)

        1. 2.1.2.1 Hardware

        2. 2.1.2.2 Software

    2. 2.2 By BEMS End User

      1. 2.2.1 Commercial

      2. 2.2.2 Industrial

      3. 2.2.3 Healthcare

      4. 2.2.4 Education

    3. 2.3 By Country

      1. 2.3.1 United States

      2. 2.3.2 Canada

North America Energy Management Systems Market Size FAQs

The North America Energy Management Systems Market is projected to register a CAGR of 15.10% during the forecast period (2024-2029)

Johnson Control International PLC, Honeywell International Inc., Siemens AG, Schneider Electric SE and Oracle Corporation are the major companies operating in the North America Energy Management Systems Market.

North America Energy Management Systems Market Report Snapshots

North America Energy Management Systems Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)