Energy Management Systems Market Forecast 2023-2032: Market Size, Drivers, And Trends

The Energy Management Systems Global Market Report 2023, provides comprehensive information on the energy management systems market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global energy management systems market size is expected to grow from $43.26 billion in 2022 to $49.88 billion in 2023 at a compound annual growth rate (CAGR) of 15.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global energy management systems market size is expected to grow to $87.95 billion in 2027 at a CAGR of 15.2%.

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Technological advancements are a key trend gaining popularity in the energy management systems market. Major companies operating in the energy management systems market are developing innovative technologies to sustain their position in the market. For instance, in May 2021, Robert Bosch Engineering and Business Solutions (RBEI), a Germany-based IT service management company, launched the Phantom Edge platform, based on AIoT (Artificial Intelligence of things) for real-time electrical energy consumption, operating usage, electrical parameters, and appliance level information. The platform can be used for real-time energy monitoring in retail, residential, healthcare, agriculture, and commercial applications.

 

The energy management systems market is segmented:

1) By Type: Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems

 

2) By Component: Hardware, Software, Services

 

3) By Deployment: On-Premise, Cloud Based

 

4) By End-User: Power and Energy, Telecom and IT, Manufacturing, Residential and Commercial, Food and Beverages, Other End-Users

North America was the largest region in the energy management systems market in 2022.

 

The table of contents in TBRC’s energy management systems market report includes:

1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis

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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis

 

 

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

 

 

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