About Energy Intelligence Solution
Energy intelligence solutions offer a smart approach to dealing with energy shortages. Tools and services that collect and analyze energy data are included in energy intelligence solutions. Energy intelligence solutions can be thought of as a more advanced version of energy management. It has two advantages over energy management software: first, it is not simply a visualization tool for meter data, but it also delivers intelligence to reduce energy waste. Second, it provides extensive domain knowledge for analyzing and managing collected energy data. Energy intelligence solutions are used in industries such as food and beverage, automotive, metal manufacturing, oil and gas, petrochemicals, electronics and telecommunications, and utilities, among others. Energy intelligence solutions are evolving as a result of rising energy usage and growing demand for improved energy management solutions in the residential, commercial, and industrial sectors. Organizations all over the world are concentrating on minimizing their energy consumption bills by utilizing energy more efficiently. To comply with existing legislation and requirements, energy-intensive applications such as power and energy, industrial production, and telecommunication must regulate CO2 emissions.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Energy Intelligence Solution market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Rockwell Automation (United States), Spacewell (Belgium), Enel X (Italy), GridPointInc.(United States), Schneider Electric (France), Siemens (Germany), McKinsey & Company(United States), Goby Inc(United States), Endur (Norway), Metasys (United States) and Energy Elephant (Ireland) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Wattics Ltd (Ireland), EnergyCAP, Inc. (United States) and The Hark Platform (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global Energy Intelligence Solution market by and Region.
On the basis of geography, the market of Energy Intelligence Solution has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Deployment Mode, the sub-segment i.e. On-Premise will boost the Energy Intelligence Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Residential Buildings will boost the Energy Intelligence Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Service Type, the sub-segment i.e. System Integration Service will boost the Energy Intelligence Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Energy intelligence solutions also extends its responsibility towards sustainable economic development
Market Growth Drivers:
Increasing energy consumption and rising need for advanced energy management solutions and Several applications in residential, commercial and industrial areas
Challenges:
Complicated End Users Requirements
Restraints:
High Cost of Investment
Opportunities:
Growing Technological Advancements and Organizations are Focusing on Significantly Reducing their Energy Consumption Bills Through Efficient Utilization of Energy
Market Leaders and their expansionary development strategies
In March 2021, Fomo Corp. announced that it has acquired the assets of the Energy Intelligence Center, EIC provides an integrated suite of energy efficiency solutions for education, commercial, multi-family, healthcare, and industrial facilities through algorithmic software and the added benefits from strategic clean-tech partners. FOMO’s holdings, such as Purge Virus LLC.
In December 2020, Spacewell acquired DEXMA and places its global hub for intelligent energy management in Barcelona. This acquisition is a huge plus for customers aiming to become more sustainable in their operations.
Key Target Audience
Software Provider, Technological Providers, Investors, IT Companies and Energy Utility Company
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.