Energy Management Systems Market (By System Type; By Vertical: Residential, Manufacturing, Retail, Telecom & IT) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2023-2032

The global energy management systems market was estimated at USD 40.77 billion in 2022 and it is expected to surpass around USD 142.87 billion by 2032, poised to grow at a CAGR of 13.36% from 2023 to 2032.

Energy Management Systems Market Size 2023 to 2032

Key Pointers

  • The industrial energy management system (IEMS) segment accounted for the largest market share of over 70.06% in 2022.
  • Home Energy Management Systems (HEMS) segment is expected to depict an impressive CAGR against the backdrop of soaring energy consumption.
  • The hardware segment accounted for the largest market share of over 60.12% in 2022.
  • The on-premises segment accounted for the largest market share of over 80.04% in 2022.
  • The manufacturing segment accounted for the largest market share of over 20.13% in 2022.
  • The commercial segment could exhibit notable growth during the forecast period.
  • North America accounted for the largest market share of over 35.04% in 2022.
Report Coverage Details
Market Size in 2022 USD 40.77 billion
Revenue Forecast by 2032 USD 142.87 billion
Growth rate from 2023 to 2032 CAGR of 13.36%
Base Year 2022
Forecast Period 2023 to 2032
Regions Covered North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Covered Schneider Electric SE; Honeywell International Inc.; Siemens AG; Johnson Controls, Inc.;; Inc.; GridPoint; General Electric; ABB; International Business Machines Corporation; Cisco Systems, Inc.


An uptick in the management of energy use across commercial, industrial, and public sector organizations has fueled the demand for energy management systems (EMS). Implementing advanced energy-efficient technologies and reducing energy waste will gain ground to contain greenhouse gas emissions, minimize the potential exposure to fluctuating energy prices and bolster productivity. In February 2020, the World Resources Institute cited data suggesting that energy consumption was the biggest source of human-caused greenhouse gas emissions. Amidst the prevailing trend, industry players could seek IoT-based solutions to optimize energy consumption and control the energy flow.

The competitive landscape alludes to strategic planning, such as technological advancements, collaborations, product offerings, mergers & acquisitions, and geographical expansion to gain momentum globally. For instance, in July 2022, Eaton collaborated with the EU-backed Flow Consortium (24 external partners and six leading universities across Europe) to develop and demonstrate an integrated electric vehicle charging infrastructure. The USD 10.4 million project, under the aegis of EU’s Horizon Europe Research and Innovation program, could span till March 2026.

The robust pace of digitization in the energy landscape, along with the paradigm shift witnessed in electrification, has fostered the demand for energy management system software. EMS plays an invaluable role in helping companies identify opportunities to enhance and adopt energy-saving technologies. EMS is likely to receive impetus to provide stability in energy provision, flexibility in power generation and boost energy efficiency. Furthermore, the environmentally friendly energy consumer framework will emphasize quality and occupancy sensors to regulate energy consumption. Technologies to minimize energy consumption may lead to the decarbonization trend to avoid using fossil fuels.

State-of-the-art technologies, such as edge AI have gained considerable traction across advanced and emerging economies, mainly due to the onslaught of the COVID-19 pandemic. The prevalence of hybrid work culture and rotating class schedules furthered the trend for smart building management. Additionally, edge AI has underscored building management system (BMS) to bolster safety, minimize energy consumption, better utilize building assets and offer increased occupant comfort. The outbreak prompted building managers to prioritize AI-leveraged BMS and optimize and automate energy usage. The post-COVID outlook suggests an emphasis on EMS could pave the way for low-carbon economic growth.

Energy Management Systems Market Segmentations:

By System Type By Component By Deployment By Vertical

Industrial energy management systems (IEMS)

Building energy management systems (BEMS)

Home energy management systems (HEMS)







Energy & Power

Telecom & IT





Frequently Asked Questions

The global energy management systems market size was reached at USD 40.77 billion in 2022 and it is projected to hit around USD 142.87 billion by 2032.

The global energy management systems market is growing at a compound annual growth rate (CAGR) of 13.36% from 2023 to 2032.

The North America region has accounted for the largest energy management systems market share in 2022.

Report Detail

Proceed To Buy

USD 3500
USD 7000

Customization Offered

  • check-imgCross-segment Market Size and Analysis for Mentioned Segments
  • check-imgAdditional Company Profiles (Upto 5 With No Cost)
  • check-img Additional Countries (Apart From Mentioned Countries)
  • check-img Country/Region-specific Report
  • check-img Go To Market Strategy
  • check-imgRegion Specific Market Dynamics
  • check-imgRegion Level Market Share
  • check-img Import Export Analysis
  • check-imgProduction Analysis
  • check-imgOthers