From GlobeNewswire: 2025-04-02 06:54:00

The global Energy Management Systems Market is projected to reach $105.2 billion by 2031, with a CAGR of 11.4% from 2024 to 2031. Increasing focus on renewable energy is a key driver, with the US aiming to cut net GHG emissions by 50–52% by 2030 and achieve net zero emissions by 2050.

The Energy Management Systems Market is witnessing substantial growth due to the rising demand for renewable energy. By 2030, global renewable electricity generation is forecast to rise by 90%, meeting the electricity needs of China and the US in 2030. Several milestones are expected, such as solar power surpassing hydropower in 2029.

Canada’s stable economy and high tech adoption rate make it a prime market for energy management systems. The government’s investments in semiconductors and electronics sectors are driving electricity demand, particularly in the oil and gas industry. Capital expenditure in the power sector reached $92 billion in 2023, with oil and gas extraction accounting for the largest share.

North America led the Energy Management Systems Market in 2024, with Asia Pacific expected to register the highest CAGR. The market is segmented by component (Hardware, Software, Services), system type (Industrial, Building, Home), and end-use industry (Energy, Manufacturing, Telecom, Residential, Others).

Key players in the Energy Management Systems Market include ABB, Schneider Electric, GE, Honeywell, Siemens, IBM, Johnson Controls, Emerson Electric, Eaton, and Mitsubishi Electric. These companies are leveraging strategies like new product launches and partnerships to maintain a competitive edge in the market.

The report from The Insight Partners offers valuable insights for stakeholders in the Energy Management System Market. Energy management has become a strategic priority for companies aiming to achieve sustainability goals. The ecosystem includes software providers offering metering, energy management, and building automation software to optimize energy consumption and reduce costs.

For more information and detailed insights into the Energy Management Systems Market, visit The Insight Partners website. Contact them for customized research solutions tailored to your specific requirements.



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