Energy Management Systems Market Analysis

Type (Building, Home, Industrial)

The global energy management systems market is segmented and analyzed for demand and supply by type into building, home, and industrial energy management systems. Out of these types of energy management systems, the home segment is estimated to have the highest CAGR of about 38% in the year 2037. The growth of the segment can be attributed to the increasing number of smart homes that are equipped with energy management systems. Moreover, fully equipped smart homes help reduce the energy consumption, as well as improve the efficiency. In addition, home appliances are major energy consumers for the home energy consumption. Therefore, all these factors are predicted to boost the growth of the segment in the market. According to recent data, there are predicted to be more than 400 million smart homes around the globe by the end of the year 2025.

Applications (Residential, Commercial)

The global energy management systems market is also segmented and analyzed for demand and supply by applications into residential, and commercial. Amongst these three segments, the commercial segment is expected to garner a significant share of around 59% in the year 2037. This can be attributed to the surging consumption of electricity in the commercial sector. Moreover, there has been an increase in the use of energy for application in lighting, air conditioning, and lighting purpose in industrial and manufacturing areas, that is further expected to boost the segment’s growth in the market. In addition, the manufacturing units requires a huge amount of energy for their operations, which in turn is anticipated to provide opportunities of the segment in the market over the forecast period.

Our in-depth analysis of the global market includes the following segments: