Energy Management Software Market Size

Energy Management Software Market size was over USD 48.68 billion in 2024 and is expected to reach USD 241.56 billion by the end of 2037, witnessing around 13.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of energy management software is assessed at USD 54.05 billion.

The market growth can be attributed primarily to the rising demand for energy management systems (EMS) in the industrial, commercial, and public sectors. Energy efficiency and energy waste reduction can help to reduce greenhouse gas emissions, minimize exposure to energy price fluctuations, and boost productivity. A widely known article provided data indicating that energy consumption accounts for 74% of all human-caused greenhouse gas emissions around the world. To optimize energy consumption and control flow, industry players are now turning to IoT-based solutions.

EnMS systems have significantly improved the energy performance of many industrial and other organizations. As a result, organizations have achieved significant savings in energy costs, other related costs, increased resilience to volatile energy costs, and more importantly, stability and productivity improvements. Global demand for energy is increasing rapidly owing to the growing population and economic growth in emerging market economies. According to World Bank data, the world population reached 7.84 billion people in 2021, an increase from 7.6 billion people in 2018. Rising demand creates new challenges such as energy security concerns can occur as more consumers require more energy resources ever, and higher usage of fossil fuels leads to higher carbon emissions, which contribute to global warming. At the same time, in rural areas access to electricity remains unacceptably high, which is expected to create potential growth opportunities for global energy management software market over the forecast period.