Industrial Energy Management Systems Market Overview
In the last few years, the global industrial sector has grown at a substantial rate. Growing investments in this sector, as well as the use of sophisticated technologies, have significantly advanced it. Energy consumption in many sectors has increased as a result of increased production operations in numerous industries.
The global industrial energy management system market is predicted to expand significantly, and several factors are attributed to this quick expansion. The market is being propelled by the growing desire to achieve energy efficiency. Furthermore, the increased usage of energy management solutions in industrial development across several sectors of the market is boosting the overall market's expansion. As a result, the market is predicted to grow in revenue in the next years.
However, the high initial investment cost, as well as the extended playback time, may limit market expansion. This could be a setback for both regional and small- and medium-sized businesses.
However, factors such as increased awareness of energy efficiency among all users for residential reasons are likely to contribute to the market's overall growth. This is also predicted to generate a significant expansion for market players in home-based services and solutions, resulting in increased profit. In addition, an increase in demand for energy-efficient solutions in end-use categories such as commercial sites, office spaces, and businesses will drive market expansion. This is being done in order to reduce operational expenses in industries through efficient energy use by developing EMS solutions in the future.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Services, Vertical, and Region. |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Honeywell International Inc., Delta Electronics, Inc., Yokogawa Electric Corporation, and Delta Electronics, Inc. |
Covid-19 Impact on Industrial Energy Management Systems Market
Like many other industries, COVID-19 badly knocked the electronic and semiconductor industries. This unprecedented event has impacted nearly 230 countries in just a few weeks, resulting in the forced shutdown of manufacturing and transportation activities within and across the countries. This has directly affected the overall sector's growth. It is estimated that COVID-19 to leave more than USD 30 billion impacts on the electronics and semiconductor industry. The sector is majorly affected due to transport restrictions on major electronics and semiconductor raw material providers. However, the emerging need for semiconductors in several industries will offer rapid market recovery over the future period.
Industrial Energy Management Systems Market Segment Overview
By Component, Software is one of the most prominent segments in the global Industrial Energy Management Systems Market. In addition to this, rising awareness of energy usage, efficiency, and demand control, as well as the resulting reduction in operating costs, boosted demand in this market. In reality, enterprises that use a lot of energy are more likely to make a lot of money if they integrate their industrial energy consumption systems because it will help them generate more profit by lowering their energy costs. The global industrial energy management systems market is likely to increase significantly in the near future as a result of all of these factors.
Industrial Energy Management Systems Market, By Component
· Software
· Controller
· Sensor
Industrial Energy Management Systems Market, By Services
· Consulting and Training
· Maintenance
· Implementation and Integration
· Monitoring and Control
Industrial Energy Management Systems Market, By Vertical
· Healthcare
· Enterprise
· Manufacturing
· Telecom and IT
· Power and Energy
Industrial Energy Management Systems Regional Overview
The global Industrial Energy Management Systems market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. In recent years, Europe and North America accounted for a sizable market share. On the other hand, due to rising urbanization, the developing economies of the Asia Pacific and Latin America are considered as a potential possibility for growth in the years ahead.
Industrial Energy Management Systems Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Industrial Energy Management Systems Market, Key Players
· Honeywell International Inc.
· Delta Electronics, Inc.
· Yokogawa Electric Corporation
· Delta Electronics, Inc.
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the global Industrial Energy Management Systems market?
The increased usage of energy management solutions in industrial development across several sectors of the market is boosting the overall market's expansion
Q2. What are the restraining factors for the global Industrial Energy Management Systems market?
The high initial investment cost, as well as the extended playback time, may limit market expansion.
Q3. Which segment is projected to hold the largest share in the global Industrial Energy Management Systems market?
The software segment is projected to hold the largest share in the global Industrial Energy Management Systems market
Q4. Which region holds the largest share in the global Industrial Energy Management Systems market?
North America holds the largest share in the global Industrial Energy Management Systems market.
Q5. Which are the prominent players in the global Industrial Energy Management Systems market?
Honeywell International Inc., Delta Electronics, Inc., Yokogawa Electric Corporation, and Delta Electronics, Inc. are some key players in the global Industrial Energy Management Systems market
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Industrial Energy Management Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Software
- 5.2.2. Controller
- 5.2.3. Sensor
- 5.3. Market Analysis, Insights and Forecast – By Services
- 5.3.1. Consulting and Training
- 5.3.2. Maintenance
- 5.3.3. Implementation and Integration
- 5.3.4. Monitoring and Control
- 5.4. Market Analysis, Insights and Forecast – By Vertical
- 5.4.1. Healthcare
- 5.4.2. Enterprise
- 5.4.3. Manufacturing
- 5.4.4. Telecom and IT
- 5.4.5. Power and Energy
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East and Africa
6. North America Industrial Energy Management Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Software
- 6.2.2. Controller
- 6.2.3. Sensor
- 6.3. Market Analysis, Insights and Forecast – By Services
- 6.3.1. Consulting and Training
- 6.3.2. Maintenance
- 6.3.3. Implementation and Integration
- 6.3.4. Monitoring and Control
- 6.4. Market Analysis, Insights and Forecast – By Vertical
- 6.4.1. Healthcare
- 6.4.2. Enterprise
- 6.4.3. Manufacturing
- 6.4.4. Telecom and IT
- 6.4.5. Power and Energy
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Industrial Energy Management Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Software
- 7.2.2. Controller
- 7.2.3. Sensor
- 7.3. Market Analysis, Insights and Forecast – By Services
- 7.3.1. Consulting and Training
- 7.3.2. Maintenance
- 7.3.3. Implementation and Integration
- 7.3.4. Monitoring and Control
- 7.4. Market Analysis, Insights and Forecast – By Vertical
- 7.4.1. Healthcare
- 7.4.2. Enterprise
- 7.4.3. Manufacturing
- 7.4.4. Telecom and IT
- 7.4.5. Power and Energy
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Industrial Energy Management Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Software
- 8.2.2. Controller
- 8.2.3. Sensor
- 8.3. Market Analysis, Insights and Forecast – By Services
- 8.3.1. Consulting and Training
- 8.3.2. Maintenance
- 8.3.3. Implementation and Integration
- 8.3.4. Monitoring and Control
- 8.4. Market Analysis, Insights and Forecast – By Vertical
- 8.4.1. Healthcare
- 8.4.2. Enterprise
- 8.4.3. Manufacturing
- 8.4.4. Telecom and IT
- 8.4.5. Power and Energy
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Industrial Energy Management Systems Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Software
- 9.2.2. Controller
- 9.2.3. Sensor
- 9.3. Market Analysis, Insights and Forecast – By Services
- 9.3.1. Consulting and Training
- 9.3.2. Maintenance
- 9.3.3. Implementation and Integration
- 9.3.4. Monitoring and Control
- 9.4. Market Analysis, Insights and Forecast – By Vertical
- 9.4.1. Healthcare
- 9.4.2. Enterprise
- 9.4.3. Manufacturing
- 9.4.4. Telecom and IT
- 9.4.5. Power and Energy
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Honeywell International Inc.
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Delta Electronics, Inc.
- 10.6. Yokogawa Electric Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
