Energy Management Software Market Share

The Asia Pacific energy management software market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2037 owing to the rising demand for energy and rising awareness about carbon management systems in the region combined with increased adoption of energy-saving systems and software. Moreover, the ongoing paradigm shift in electrification and increasing electrical system performance, as well as optimizing energy usage to reduce costs, is expected to fuel the demand for energy management software in the region over the forecast period. Over the years, India's power sector has undergone a paradigm shift owing to government efforts to encourage investment. It is estimated that the installed capacity of power generation has increased from 344 GW in 2018 to 356 GW in 2019.