The North America Energy Management Systems Market would witness market growth of 15.0% CAGR during the forecast period (2022-2028).
Energy efficiency is quickly becoming a top priority for private businesses and government agencies around the world. Increased economic activity has resulted in high rates of energy consumption, bringing global electricity systems to their limitations. In such a scenario, the requirement for an efficient approach with the ability to optimize the consumption of energy would increase all over the world. Therefore, the demand for energy management systems is estimated to significantly rise in the forecasting period.
Along with that, energy management solutions are becoming increasingly popular as a means of gaining a competitive advantage, increasing productivity, and lowering energy costs. Additionally, corporate attention is being drawn to government regulations on energy conservation and the limited quantity of fossil fuels. Because energy is used by every industry, large or small, it is critical to implement an energy management system. Although technology is rapidly evolving, end-user customers may not be adopting it at the same rate. The majority of potential customers of energy management systems are aware of the benefits of adopting such a system but prefer to perform various tasks employing traditional technology and applications. Moreover, Due to increased awareness of the benefits of integrating energy management system solutions across businesses and commercial and residential properties, the industry has grown significantly in recent years. Many businesses have considerable power requirements and hence, they are implementing EMS to save energy.
Smart metering technologies along with smart grid investments are also witnessing substantial expansion in North America. The adoption rate of smart meters in the region is predicted to reach over 80% by the end of 2024, up from roughly 60% in 2018. According to the Institute for Electric Efficiency, the number of smart meters installed in the US reached 90 million in December 2018.
Commercial building managers and owners have prioritized reducing energy use in order to save money. According to the US Energy Information Administration, commercial and residential buildings consume over 40% of the country's energy. The New York State Energy Research and Development Authority estimates that deploying real-time energy management systems along with smart technologies can cut costs by 15% on average. As a result of these advancements, the need for EMS as part of smart solutions in both residential and commercial buildings has increased.
The US market dominated the North America Energy Management Systems Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $26.2 billion by 2028. The Canada market is experiencing a CAGR of 17.6% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 16.6% during (2022 - 2028).
Based on Component, the market is segmented into Solution and Services. Based on Type, the market is segmented into Industrial, Building, and Home. Based on Application, the market is segmented into Commercial and Residential. Based on End User, the market is segmented into Energy & Utilities, IT & Telecom, Manufacturing, Retail, Healthcare & Life Sciences, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Energy Management Systems Market is Estimated to reach $107.1 Billion by 2028, at a CAGR of 15.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co., Siemens AG, Yokogawa Electric Corporation, Honeywell International, Inc., Schneider Electric SE, DEXMA Sensors, SL, Delta Electronics, Inc., Johnson Controls International PLC, C3.ai, Inc., and GridPoint, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Component
By Type
By Application
By End User
- Energy & Utilities
- IT & Telecom
- Manufacturing
- Retail
- Healthcare & Life Sciences
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- General Electric (GE) Co.
- Siemens AG
- Yokogawa Electric Corporation
- Honeywell International, Inc.
- Schneider Electric SE
- DEXMA Sensors, SL
- Delta Electronics, Inc.
- Johnson Controls International PLC
- C3.ai, Inc.
- GridPoint, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Energy Management Systems Market, by Component
1.4.2 North America Energy Management Systems Market, by Type
1.4.3 North America Energy Management Systems Market, by Application
1.4.4 North America Energy Management Systems Market, by End User
1.4.5 North America Energy Management Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Acquisition and Mergers
3.2.3 Product Launches and Product Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Acquisitions and Mergers: 2019, Nov – 2022, Jan) Leading Players
Chapter 4. North America Energy Management Systems Market by Component
4.1 North America Solution Market by Country
4.2 North America Services Market by Country
Chapter 5. North America Energy Management Systems Market by Type
5.1 North America Industrial Market by Country
5.2 North America Building Market by Country
5.3 North America Home Market by Country
Chapter 6. North America Energy Management Systems Market by Application
6.1 North America Commercial Market by Country
6.2 North America Residential Market by Country
Chapter 7. North America Energy Management Systems Market by End User
7.1 North America Energy & Utilities Market by Country
7.2 North America IT & Telecom Market by Country
7.3 North America Manufacturing Market by Country
7.4 North America Retail Market by Country
7.5 North America Healthcare & Life Sciences Market by Country
7.6 North America Others Market by Country
Chapter 8. North America Energy Management Systems Market by Country
8.1 US Energy Management Systems Market
8.1.1 US Energy Management Systems Market by Component
8.1.2 US Energy Management Systems Market by Type
8.1.3 US Energy Management Systems Market by Application
8.1.4 US Energy Management Systems Market by End User
8.2 Canada Energy Management Systems Market
8.2.1 Canada Energy Management Systems Market by Component
8.2.2 Canada Energy Management Systems Market by Type
8.2.3 Canada Energy Management Systems Market by Application
8.2.4 Canada Energy Management Systems Market by End User
8.3 Mexico Energy Management Systems Market
8.3.1 Mexico Energy Management Systems Market by Component
8.3.2 Mexico Energy Management Systems Market by Type
8.3.3 Mexico Energy Management Systems Market by Application
8.3.4 Mexico Energy Management Systems Market by End User
8.4 Rest of North America Energy Management Systems Market
8.4.1 Rest of North America Energy Management Systems Market by Component
8.4.2 Rest of North America Energy Management Systems Market by Type
8.4.3 Rest of North America Energy Management Systems Market by Application
8.4.4 Rest of North America Energy Management Systems Market by End User
Chapter 9. Company Profiles
9.1 General Electric (GE) Co.
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 Recent strategies and developments:
9.1.5.1 Acquisitions and Mergers:
9.2 Siemens AG
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Partnerships, Collaborations, and Agreements:
9.2.5.2 Acquisitions and Mergers:
9.3 Yokogawa Electric Corporation
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisitions and Mergers:
9.4 Honeywell International, Inc.
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.4.5 Recent strategies and developments:
9.4.5.1 Acquisitions and Mergers:
9.4.5.2 Partnerships, Collaborations, and Agreements:
9.5 Schneider Electric SE
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental And Regional Analysis
9.5.4 Research & Development Expense
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Acquisitions and Mergers:
9.5.5.3 Product Launches and Product Expansions:
9.6 DEXMA Sensors, SL (Nemetschek Group)
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.7 Delta Electronics, Inc. (Vivitek)
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.8 Johnson Controls International PLC
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Acquisitions and Mergers:
9.8.5.2 Product Launches and Product Expansions:
9.9 C3.ai, Inc.
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Partnerships, Collaborations, and Agreements:
9.10. GridPoint, Inc.
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 North America Energy Management Systems Market, 2018 - 2021, USD Million
TABLE 2 North America Energy Management Systems Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Energy Management Systems Market
TABLE 4 Acquisition and Mergers – Energy Management Systems Market
TABLE 5 Product Launches and Product Expansions – Energy Management Systems Market
TABLE 6 North America Energy Management Systems Market by Component, 2018 - 2021, USD Million
TABLE 7 North America Energy Management Systems Market by Component, 2022 - 2028, USD Million
TABLE 8 North America Solution Market by Country, 2018 - 2021, USD Million
TABLE 9 North America Solution Market by Country, 2022 - 2028, USD Million
TABLE 10 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 11 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 12 North America Energy Management Systems Market by Type, 2018 - 2021, USD Million
TABLE 13 North America Energy Management Systems Market by Type, 2022 - 2028, USD Million
TABLE 14 North America Industrial Market by Country, 2018 - 2021, USD Million
TABLE 15 North America Industrial Market by Country, 2022 - 2028, USD Million
TABLE 16 North America Building Market by Country, 2018 - 2021, USD Million
TABLE 17 North America Building Market by Country, 2022 - 2028, USD Million
TABLE 18 North America Home Market by Country, 2018 - 2021, USD Million
TABLE 19 North America Home Market by Country, 2022 - 2028, USD Million
TABLE 20 North America Energy Management Systems Market by Application, 2018 - 2021, USD Million
TABLE 21 North America Energy Management Systems Market by Application, 2022 - 2028, USD Million
TABLE 22 North America Commercial Market by Country, 2018 - 2021, USD Million
TABLE 23 North America Commercial Market by Country, 2022 - 2028, USD Million
TABLE 24 North America Residential Market by Country, 2018 - 2021, USD Million
TABLE 25 North America Residential Market by Country, 2022 - 2028, USD Million
TABLE 26 North America Energy Management Systems Market by End User, 2018 - 2021, USD Million
TABLE 27 North America Energy Management Systems Market by End User, 2022 - 2028, USD Million
TABLE 28 North America Energy & Utilities Market by Country, 2018 - 2021, USD Million
TABLE 29 North America Energy & Utilities Market by Country, 2022 - 2028, USD Million
TABLE 30 North America IT & Telecom Market by Country, 2018 - 2021, USD Million
TABLE 31 North America IT & Telecom Market by Country, 2022 - 2028, USD Million
TABLE 32 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 33 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 34 North America Retail Market by Country, 2018 - 2021, USD Million
TABLE 35 North America Retail Market by Country, 2022 - 2028, USD Million
TABLE 36 North America Healthcare & Life Sciences Market by Country, 2018 - 2021, USD Million
TABLE 37 North America Healthcare & Life Sciences Market by Country, 2022 - 2028, USD Million
TABLE 38 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 39 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 40 North America Energy Management Systems Market by Country, 2018 - 2021, USD Million
TABLE 41 North America Energy Management Systems Market by Country, 2022 - 2028, USD Million
TABLE 42 US Energy Management Systems Market, 2018 - 2021, USD Million
TABLE 43 US Energy Management Systems Market, 2022 - 2028, USD Million
TABLE 44 US Energy Management Systems Market by Component, 2018 - 2021, USD Million
TABLE 45 US Energy Management Systems Market by Component, 2022 - 2028, USD Million
TABLE 46 US Energy Management Systems Market by Type, 2018 - 2021, USD Million
TABLE 47 US Energy Management Systems Market by Type, 2022 - 2028, USD Million
TABLE 48 US Energy Management Systems Market by Application, 2018 - 2021, USD Million
TABLE 49 US Energy Management Systems Market by Application, 2022 - 2028, USD Million
TABLE 50 US Energy Management Systems Market by End User, 2018 - 2021, USD Million
TABLE 51 US Energy Management Systems Market by End User, 2022 - 2028, USD Million
TABLE 52 Canada Energy Management Systems Market, 2018 - 2021, USD Million
TABLE 53 Canada Energy Management Systems Market, 2022 - 2028, USD Million
TABLE 54 Canada Energy Management Systems Market by Component, 2018 - 2021, USD Million
TABLE 55 Canada Energy Management Systems Market by Component, 2022 - 2028, USD Million
TABLE 56 Canada Energy Management Systems Market by Type, 2018 - 2021, USD Million
TABLE 57 Canada Energy Management Systems Market by Type, 2022 - 2028, USD Million
TABLE 58 Canada Energy Management Systems Market by Application, 2018 - 2021, USD Million
TABLE 59 Canada Energy Management Systems Market by Application, 2022 - 2028, USD Million
TABLE 60 Canada Energy Management Systems Market by End User, 2018 - 2021, USD Million
TABLE 61 Canada Energy Management Systems Market by End User, 2022 - 2028, USD Million
TABLE 62 Mexico Energy Management Systems Market, 2018 - 2021, USD Million
TABLE 63 Mexico Energy Management Systems Market, 2022 - 2028, USD Million
TABLE 64 Mexico Energy Management Systems Market by Component, 2018 - 2021, USD Million
TABLE 65 Mexico Energy Management Systems Market by Component, 2022 - 2028, USD Million
TABLE 66 Mexico Energy Management Systems Market by Type, 2018 - 2021, USD Million
TABLE 67 Mexico Energy Management Systems Market by Type, 2022 - 2028, USD Million
TABLE 68 Mexico Energy Management Systems Market by Application, 2018 - 2021, USD Million
TABLE 69 Mexico Energy Management Systems Market by Application, 2022 - 2028, USD Million
TABLE 70 Mexico Energy Management Systems Market by End User, 2018 - 2021, USD Million
TABLE 71 Mexico Energy Management Systems Market by End User, 2022 - 2028, USD Million
TABLE 72 Rest of North America Energy Management Systems Market, 2018 - 2021, USD Million
TABLE 73 Rest of North America Energy Management Systems Market, 2022 - 2028, USD Million
TABLE 74 Rest of North America Energy Management Systems Market by Component, 2018 - 2021, USD Million
TABLE 75 Rest of North America Energy Management Systems Market by Component, 2022 - 2028, USD Million
TABLE 76 Rest of North America Energy Management Systems Market by Type, 2018 - 2021, USD Million
TABLE 77 Rest of North America Energy Management Systems Market by Type, 2022 - 2028, USD Million
TABLE 78 Rest of North America Energy Management Systems Market by Application, 2018 - 2021, USD Million
TABLE 79 Rest of North America Energy Management Systems Market by Application, 2022 - 2028, USD Million
TABLE 80 Rest of North America Energy Management Systems Market by End User, 2018 - 2021, USD Million
TABLE 81 Rest of North America Energy Management Systems Market by End User, 2022 - 2028, USD Million
TABLE 82 KEY INFORMATION – GENERAL ELECTRIC (GE) CO.
TABLE 83 Key Information – Siemens AG
TABLE 84 Key Information – Yokogawa Electric Corporation
TABLE 85 Key Information – Honeywell International, Inc.
TABLE 86 Key Information – SCHNEIDER ELECTRIC SE
TABLE 87 Key Information – DEXMA Sensors, SL
TABLE 88 Key Information – Delta Electronics, Inc.
TABLE 89 Key Information – JOHNSON CONTROLS INTERNATIONAL PLC
TABLE 90 Key Information – C3.ai, Inc.
TABLE 91 Key Information – GridPoint, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Acquisitions and Mergers: 2019, Nov – 2022, Jan) Leading Players
FIG 5 Recent strategies and developments: Siemens AG
FIG 6 Recent strategies and developments: Honeywell International, Inc.
FIG 7 Recent strategies and developments: Schneider Electric SE
FIG 8 Recent strategies and developments: Johnson Controls International PLC