Global Industrial Energy Management System (IEMS) Market Growth (Status and Outlook) 2024-2030
The Industrial Energy Management System (IEMS) market was valued at USD 24 Billion in 2023, with a growing trend due to the increasing demand for energy efficiency and cost savings
- Bonafide Trust
- 31-05-2024
- Pages : 85
- Figures : 85
- Tables : 146
- Region : Global
- Category : Energy & Utility
- Environmental
According to our publisher’s latest study, the global Industrial Energy Management System (IEMS) market size was valued at US$ 24000 million in 2023. With growing demand in downstream market, the Industrial Energy Management System (IEMS) is forecast to a readjusted size of US$ 33030 million by 2030 with a CAGR of 4.7% during review period. The research report highlights the growth potential of the global Industrial Energy Management System (IEMS) market. Industrial Energy Management System (IEMS) are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Industrial Energy Management System (IEMS). Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Industrial Energy Management System (IEMS) market. An energy management system (EMS) is a system of computer-aided tools used by operators of electric utility grids to monitor, control, and optimize the performance of the generation and/or transmission system. In addition, it could be used in small-scale systems like micro grids. The computer technology referred to as SCADA/EMS or EMS/SCADA. In these respects, the terminology EMS then excludes the monitoring and control functions, but more specifically refers to the collective suite of power network applications and to the generation control and scheduling applications. Industrial Energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with about 50% in 2019. Global major suppliers include GE, Honeywell, Johnson Controls, Schneider Electric, Siemens, ABB Group, Cisco Systems, IBM, Eaton Corporation, Emerson Electric, Rockwell Automation, Delta Electronics, Inc., DEXMA, Yokogawa Electric Corporation and GridPoint etc. Suring all those supplier, GE is the market leader in this industry. Key Features: The report on Industrial Energy Management System (IEMS) market reflects various aspects and provide valuable insights into the industry. Market Size and Growth: The research report provide an overview of the current size and growth of the Industrial Energy Management System (IEMS) market. It may include historical data, market segmentation by Type (e.g., Software, Service), and regional breakdowns. Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Industrial Energy Management System (IEMS) market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs. Market Drivers: Increasing focus on energy saving and efficiency improvement Regulations and benefits Growing demand for energy-efficient solutions Increasing adoption of renewable energy sources Government initiatives to promote energy efficiency Market Challenges: Falling energy efficiency rates exposing lost opportunities and massive losses in productivity gains for the global economy Crashing economy creating financial chaos that challenges continued investments in energy efficiency technologies Widening government fiscal deficits and growing business losses threatening IEMS investments Competitive Landscape: The research report provides analysis of the competitive landscape within the Industrial Energy Management System (IEMS) market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market. Technological Developments: The research report can delve into the latest technological developments in the Industrial Energy Management System (IEMS) industry. This include advancements in Industrial Energy Management System (IEMS) technology, Industrial Energy Management System (IEMS) new entrants, Industrial Energy Management System (IEMS) new investment, and other innovations that are shaping the future of Industrial Energy Management System (IEMS). The Industrial Energy Management System (IEMS) market is witnessing significant technological advancements, driven by the increasing demand for energy efficiency, sustainability, and cost reduction in various industries. Some of the key technological developments in the IEMS market include: Smart Grids: The integration of smart grids with IEMS enables real-time monitoring and control of energy consumption, allowing for optimized energy distribution and reduced energy losses. Internet of Things (IoT): IoT technology is being increasingly used in IEMS to enable real-time monitoring and control of energy consumption, as well as predictive maintenance and energy optimization. Artificial Intelligence (AI) and Machine Learning (ML): AI and ML are being used in IEMS to analyze energy consumption patterns, predict energy demand, and optimize energy usage. Cloud Computing: Cloud computing is being used to store and process large amounts of data generated by IEMS, enabling real-time monitoring and analysis of energy consumption. Big Data Analytics: Big data analytics is being used to analyze energy consumption patterns, identify areas of inefficiency, and optimize energy usage. Advanced Metering Infrastructure (AMI): AMI is being used to provide real-time energy consumption data, enabling utilities and industries to optimize energy distribution and consumption. Energy Storage Systems (ESS): ESS is being used to store excess energy generated by renewable sources, enabling industries to reduce their reliance on traditional energy sources. Cybersecurity: Cybersecurity is becoming increasingly important in IEMS, as the increasing use of IoT devices and cloud computing creates new vulnerabilities. Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Industrial Energy Management System (IEMS) market. It includes factors influencing customer ' purchasing decisions, preferences for Industrial Energy Management System (IEMS) product. Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Industrial Energy Management System (IEMS) market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Industrial Energy Management System (IEMS) market. The report also evaluates the effectiveness of these policies in driving market growth. Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Industrial Energy Management System (IEMS) market. Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Industrial Energy Management System (IEMS) industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments. Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Industrial Energy Management System (IEMS) market. Recommendations: Emphasize Energy Efficiency: With the growing focus on sustainability and reducing carbon footprints, IEMS solutions that optimize energy efficiency and reduce waste will be in high demand. Invest in Industry 4.0 and Factory Automation: The integration of Industry 4.0 and factory automation technologies will drive the adoption of IEMS solutions, enabling optimized system performance and energy efficiency. Develop Smart Grids and Smart Metering: The development of smart grids and smart metering systems will enable real-time monitoring and management of energy consumption, leading to increased adoption of IEMS solutions. Focus on Renewable Energy Integration: As the world shifts towards renewable energy sources, IEMS solutions that integrate renewable energy sources and optimize energy consumption will be in high demand. Enhance Cybersecurity: With the increasing reliance on IEMS solutions, cybersecurity measures must be enhanced to prevent data breaches and ensure the integrity of energy management systems. Opportunities: Growing Demand from Emerging Markets: Emerging markets such as Asia-Pacific, Latin America, and the Middle East will drive the growth of the IEMS market, driven by increasing industrialization and urbanization. Increasing Adoption in the Manufacturing Sector: The manufacturing sector will continue to drive the adoption of IEMS solutions, as companies seek to optimize energy efficiency and reduce costs. Growing Focus on Sustainability: The growing focus on sustainability and reducing carbon footprints will drive the adoption of IEMS solutions that optimize energy efficiency and reduce waste. Advancements in Technology: Advancements in technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) will enable more efficient and effective energy management, driving the growth of the IEMS market. Government Incentives and Regulations: Governments around the world are implementing policies and regulations to promote energy efficiency and reduce carbon emissions, creating opportunities for IEMS solutions that meet these requirements. Market Segmentation: Industrial Energy Management System (IEMS) market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of value. Segmentation by type Software Service Hardware Segmentation by application Automotive Electronics Food & Beverage Mining Oil & Gas Petrochemicals and Chemicals This report also splits the market by region: Americas United States Canada Mexico Brazil APAC China Japan Korea Southeast Asia India Australia Europe Germany France UK Italy Russia Middle East & Africa Egypt South Africa Israel Turkey GCC Countries The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration. Cisco Siemens General Electric Schneider Electric ABB Eaton Johnson Controls Honeywell Rockwell EFT Azbil IBM Emerson Electric Delta Electronics DEXMA Yokogawa Electric Corporation GridPoint CET POWERTECH
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Table of Contents
- 1 Scope of the Report
- 1.1 Market Introduction
- 1.2 Years Considered
- 1.3 Research Objectives
- 1.4 Market Research Methodology
- 1.5 Research Process and Data Source
- 1.6 Economic Indicators
- 1.7 Currency Considered
- 1.8 Market Estimation Caveats
- 2 Executive Summary
- 2.1 World Market Overview
- 2.1.1 Global Industrial Energy Management System (IEMS) Market Size 2019-2030
- 2.1.2 Industrial Energy Management System (IEMS) Market Size CAGR by Region 2019 VS 2023 VS 2030
- 2.2 Industrial Energy Management System (IEMS) Segment by Type
- 2.2.1 Software
- 2.2.2 Service
- 2.2.3 Hardware
- 2.3 Industrial Energy Management System (IEMS) Market Size by Type
- 2.3.1 Industrial Energy Management System (IEMS) Market Size CAGR by Type (2019 VS 2023 VS 2030)
- 2.3.2 Global Industrial Energy Management System (IEMS) Market Size Market Share by Type (2019-2024)
- 2.4 Industrial Energy Management System (IEMS) Segment by Application
- 2.4.1 Automotive
- 2.4.2 Electronics
- 2.4.3 Food & Beverage
- 2.4.4 Mining
- 2.4.5 Oil & Gas
- 2.4.6 Petrochemicals and Chemicals
- 2.5 Industrial Energy Management System (IEMS) Market Size by Application
- 2.5.1 Industrial Energy Management System (IEMS) Market Size CAGR by Application (2019 VS 2023 VS 2030)
- 2.5.2 Global Industrial Energy Management System (IEMS) Market Size Market Share by Application (2019-2024)
- 3 Industrial Energy Management System (IEMS) Market Size by Player
- 3.1 Industrial Energy Management System (IEMS) Market Size Market Share by Players
- 3.1.1 Global Industrial Energy Management System (IEMS) Revenue by Players (2019-2024)
- 3.1.2 Global Industrial Energy Management System (IEMS) Revenue Market Share by Players (2019-2024)
- 3.2 Global Industrial Energy Management System (IEMS) Key Players Head office and Products Offered
- 3.3 Market Concentration Rate Analysis
- 3.3.1 Competition Landscape Analysis
- 3.3.2 Concentration Ratio (CR3, CR5 and CR10) & (2022-2024)
- 3.4 New Products and Potential Entrants
- 3.5 Mergers & Acquisitions, Expansion
- 4 Industrial Energy Management System (IEMS) by Regions
- 4.1 Industrial Energy Management System (IEMS) Market Size by Regions (2019-2024)
- 4.2 Americas Industrial Energy Management System (IEMS) Market Size Growth (2019-2024)
- 4.3 APAC Industrial Energy Management System (IEMS) Market Size Growth (2019-2024)
- 4.4 Europe Industrial Energy Management System (IEMS) Market Size Growth (2019-2024)
- 4.5 Middle East & Africa Industrial Energy Management System (IEMS) Market Size Growth (2019-2024)
- 5 Americas
- 5.1 Americas Industrial Energy Management System (IEMS) Market Size by Country (2019-2024)
- 5.2 Americas Industrial Energy Management System (IEMS) Market Size by Type (2019-2024)
- 5.3 Americas Industrial Energy Management System (IEMS) Market Size by Application (2019-2024)
- 5.4 United States
- 5.5 Canada
- 5.6 Mexico
- 5.7 Brazil
- 6 APAC
- 6.1 APAC Industrial Energy Management System (IEMS) Market Size by Region (2019-2024)
- 6.2 APAC Industrial Energy Management System (IEMS) Market Size by Type (2019-2024)
- 6.3 APAC Industrial Energy Management System (IEMS) Market Size by Application (2019-2024)
- 6.4 China
- 6.5 Japan
- 6.6 Korea
- 6.7 Southeast Asia
- 6.8 India
- 6.9 Australia
- 7 Europe
- 7.1 Europe Industrial Energy Management System (IEMS) by Country (2019-2024)
- 7.2 Europe Industrial Energy Management System (IEMS) Market Size by Type (2019-2024)
- 7.3 Europe Industrial Energy Management System (IEMS) Market Size by Application (2019-2024)
- 7.4 Germany
- 7.5 France
- 7.6 UK
- 7.7 Italy
- 7.8 Russia
- 8 Middle East & Africa
- 8.1 Middle East & Africa Industrial Energy Management System (IEMS) by Region (2019-2024)
- 8.2 Middle East & Africa Industrial Energy Management System (IEMS) Market Size by Type (2019-2024)
- 8.3 Middle East & Africa Industrial Energy Management System (IEMS) Market Size by Application (2019-2024)
- 8.4 Egypt
- 8.5 South Africa
- 8.6 Israel
- 8.7 Turkey
- 8.8 GCC Countries
- 9 Market Drivers, Challenges and Trends
- 9.1 Market Drivers & Growth Opportunities
- 9.2 Market Challenges & Risks
- 9.3 Industry Trends
- 10 Global Industrial Energy Management System (IEMS) Market Forecast
- 10.1 Global Industrial Energy Management System (IEMS) Forecast by Regions (2025-2030)
- 10.1.1 Global Industrial Energy Management System (IEMS) Forecast by Regions (2025-2030)
- 10.1.2 Americas Industrial Energy Management System (IEMS) Forecast
- 10.1.3 APAC Industrial Energy Management System (IEMS) Forecast
- 10.1.4 Europe Industrial Energy Management System (IEMS) Forecast
- 10.1.5 Middle East & Africa Industrial Energy Management System (IEMS) Forecast
- 10.2 Americas Industrial Energy Management System (IEMS) Forecast by Country (2025-2030)
- 10.2.1 United States Industrial Energy Management System (IEMS) Market Forecast
- 10.2.2 Canada Industrial Energy Management System (IEMS) Market Forecast
- 10.2.3 Mexico Industrial Energy Management System (IEMS) Market Forecast
- 10.2.4 Brazil Industrial Energy Management System (IEMS) Market Forecast
- 10.3 APAC Industrial Energy Management System (IEMS) Forecast by Region (2025-2030)
- 10.3.1 China Industrial Energy Management System (IEMS) Market Forecast
- 10.3.2 Japan Industrial Energy Management System (IEMS) Market Forecast
- 10.3.3 Korea Industrial Energy Management System (IEMS) Market Forecast
- 10.3.4 Southeast Asia Industrial Energy Management System (IEMS) Market Forecast
- 10.3.5 India Industrial Energy Management System (IEMS) Market Forecast
- 10.3.6 Australia Industrial Energy Management System (IEMS) Market Forecast
- 10.4 Europe Industrial Energy Management System (IEMS) Forecast by Country (2025-2030)
- 10.4.1 Germany Industrial Energy Management System (IEMS) Market Forecast
- 10.4.2 France Industrial Energy Management System (IEMS) Market Forecast
- 10.4.3 UK Industrial Energy Management System (IEMS) Market Forecast
- 10.4.4 Italy Industrial Energy Management System (IEMS) Market Forecast
- 10.4.5 Russia Industrial Energy Management System (IEMS) Market Forecast
- 10.5 Middle East & Africa Industrial Energy Management System (IEMS) Forecast by Region (2025-2030)
- 10.5.1 Egypt Industrial Energy Management System (IEMS) Market Forecast
- 10.5.2 South Africa Industrial Energy Management System (IEMS) Market Forecast
- 10.5.3 Israel Industrial Energy Management System (IEMS) Market Forecast
- 10.5.4 Turkey Industrial Energy Management System (IEMS) Market Forecast
- 10.5.5 GCC Countries Industrial Energy Management System (IEMS) Market Forecast
- 10.6 Global Industrial Energy Management System (IEMS) Forecast by Type (2025-2030)
- 10.7 Global Industrial Energy Management System (IEMS) Forecast by Application (2025-2030)
- 11 Key Players Analysis
- 11.1 Cisco
- 11.1.1 Cisco Company Information
- 11.1.2 Cisco Industrial Energy Management System (IEMS) Product Offered
- 11.1.3 Cisco Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.1.4 Cisco Main Business Overview
- 11.1.5 Cisco Latest Developments
- 11.2 Siemens
- 11.2.1 Siemens Company Information
- 11.2.2 Siemens Industrial Energy Management System (IEMS) Product Offered
- 11.2.3 Siemens Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.2.4 Siemens Main Business Overview
- 11.2.5 Siemens Latest Developments
- 11.3 General Electric
- 11.3.1 General Electric Company Information
- 11.3.2 General Electric Industrial Energy Management System (IEMS) Product Offered
- 11.3.3 General Electric Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.3.4 General Electric Main Business Overview
- 11.3.5 General Electric Latest Developments
- 11.4 Schneider Electric
- 11.4.1 Schneider Electric Company Information
- 11.4.2 Schneider Electric Industrial Energy Management System (IEMS) Product Offered
- 11.4.3 Schneider Electric Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.4.4 Schneider Electric Main Business Overview
- 11.4.5 Schneider Electric Latest Developments
- 11.5 ABB
- 11.5.1 ABB Company Information
- 11.5.2 ABB Industrial Energy Management System (IEMS) Product Offered
- 11.5.3 ABB Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.5.4 ABB Main Business Overview
- 11.5.5 ABB Latest Developments
- 11.6 Eaton
- 11.6.1 Eaton Company Information
- 11.6.2 Eaton Industrial Energy Management System (IEMS) Product Offered
- 11.6.3 Eaton Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.6.4 Eaton Main Business Overview
- 11.6.5 Eaton Latest Developments
- 11.7 Johnson Controls
- 11.7.1 Johnson Controls Company Information
- 11.7.2 Johnson Controls Industrial Energy Management System (IEMS) Product Offered
- 11.7.3 Johnson Controls Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.7.4 Johnson Controls Main Business Overview
- 11.7.5 Johnson Controls Latest Developments
- 11.8 Honeywell
- 11.8.1 Honeywell Company Information
- 11.8.2 Honeywell Industrial Energy Management System (IEMS) Product Offered
- 11.8.3 Honeywell Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.8.4 Honeywell Main Business Overview
- 11.8.5 Honeywell Latest Developments
- 11.9 Rockwell
- 11.9.1 Rockwell Company Information
- 11.9.2 Rockwell Industrial Energy Management System (IEMS) Product Offered
- 11.9.3 Rockwell Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.9.4 Rockwell Main Business Overview
- 11.9.5 Rockwell Latest Developments
- 11.10 EFT
- 11.10.1 EFT Company Information
- 11.10.2 EFT Industrial Energy Management System (IEMS) Product Offered
- 11.10.3 EFT Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.10.4 EFT Main Business Overview
- 11.10.5 EFT Latest Developments
- 11.11 Azbil
- 11.11.1 Azbil Company Information
- 11.11.2 Azbil Industrial Energy Management System (IEMS) Product Offered
- 11.11.3 Azbil Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.11.4 Azbil Main Business Overview
- 11.11.5 Azbil Latest Developments
- 11.12 IBM
- 11.12.1 IBM Company Information
- 11.12.2 IBM Industrial Energy Management System (IEMS) Product Offered
- 11.12.3 IBM Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.12.4 IBM Main Business Overview
- 11.12.5 IBM Latest Developments
- 11.13 Emerson Electric
- 11.13.1 Emerson Electric Company Information
- 11.13.2 Emerson Electric Industrial Energy Management System (IEMS) Product Offered
- 11.13.3 Emerson Electric Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.13.4 Emerson Electric Main Business Overview
- 11.13.5 Emerson Electric Latest Developments
- 11.14 Delta Electronics
- 11.14.1 Delta Electronics Company Information
- 11.14.2 Delta Electronics Industrial Energy Management System (IEMS) Product Offered
- 11.14.3 Delta Electronics Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.14.4 Delta Electronics Main Business Overview
- 11.14.5 Delta Electronics Latest Developments
- 11.15 DEXMA
- 11.15.1 DEXMA Company Information
- 11.15.2 DEXMA Industrial Energy Management System (IEMS) Product Offered
- 11.15.3 DEXMA Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.15.4 DEXMA Main Business Overview
- 11.15.5 DEXMA Latest Developments
- 11.16 Yokogawa Electric Corporation
- 11.16.1 Yokogawa Electric Corporation Company Information
- 11.16.2 Yokogawa Electric Corporation Industrial Energy Management System (IEMS) Product Offered
- 11.16.3 Yokogawa Electric Corporation Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.16.4 Yokogawa Electric Corporation Main Business Overview
- 11.16.5 Yokogawa Electric Corporation Latest Developments
- 11.17 GridPoint
- 11.17.1 GridPoint Company Information
- 11.17.2 GridPoint Industrial Energy Management System (IEMS) Product Offered
- 11.17.3 GridPoint Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.17.4 GridPoint Main Business Overview
- 11.17.5 GridPoint Latest Developments
- 11.18 CET
- 11.18.1 CET Company Information
- 11.18.2 CET Industrial Energy Management System (IEMS) Product Offered
- 11.18.3 CET Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.18.4 CET Main Business Overview
- 11.18.5 CET Latest Developments
- 11.19 POWERTECH
- 11.19.1 POWERTECH Company Information
- 11.19.2 POWERTECH Industrial Energy Management System (IEMS) Product Offered
- 11.19.3 POWERTECH Industrial Energy Management System (IEMS) Revenue, Gross Margin and Market Share (2019-2024)
- 11.19.4 POWERTECH Main Business Overview
- 11.19.5 POWERTECH Latest Developments
- 12 Research Findings and Conclusion
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