About Energy Management Information System
An Energy Management Information System (EMIS) offers relevant information that makes energy performance visible to various levels of an organization. It enables individuals and departments to plan, make decisions and take effective action to manage energy. It can lead to productivity enhancements through the continuous monitoring of energy performance, and savings opportunities that, once implemented, are sustained over the long term. The performance information generated by an EMIS enables organizations to take actions that create financial value through the administration and control of energy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Energy Management Information System is a fragmented market due to the presence of less players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global Energy Management Information System 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.
ABB (Switzerland), Cisco System Inc. (United States), International Business Machine Corporation (United States), Honeywell International (United States), Schneider Electric SE (France), CA Technologies (United States), Eaton Corporation (United States), Emerson Process Management (United States), General Electric Company (United States) and Siemens AG (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Itron (United States), CA Technologies (United States), Comverge (United States) and Energate (Canada).
Segmentation Overview
AMA Research has segmented the market of Global Energy Management Information System market by Type (Carbon Energy Management, Demand Response Management, Utility Billing and Customer Information System and Others), Application (Power and Energy, Telecom and IT, Manufacturing, Office and Commercial Buildings and Municipal, University, Schools and Hospital) and Region.
On the basis of geography, the market of Energy Management Information System 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Component, the sub-segment i.e. Hardware will boost the Energy Management Information System market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Mandatory Regulations and Policies for Energy Management, Government's Initiatives for Digitation of Energy Infrastructure across the Globe, Increasing Use of Smart Grid Services and Growing Competition among Industrial Enterprises
Restraints:
A risk to Data Security
Opportunities:
Emerging Demand from Economies
Market Leaders and their expansionary development strategies
In September 2023, DNV acquired ANB Systems to enhance its digital energy management capabilities and accelerate the energy transition.
In September 2023, Flexgen, the leading energy storage digital controls and software solutions provider, launched the latest version of its industry leading energy management software platform HybridOS 11. HybridOS 11 adds a host of powerful features that enhance the energy storage asset users' experience, ensure system stability, and provide greater control over site operations.
Key Target Audience
Energy Management Information System Providers, Downstream Vendors, Industry Associations, Research organization and associations, Government & Regulatory Bodies and End Users
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.