• 出版社/出版日：Mordor Intelligence / 2020年8月
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The global energy management system market was valued at USD 8.48 billion in 2019, and it is forecasted to reach a value of USD 17.38 billion by 2025, reflecting a CAGR of 16.2% during the period, 2020 2025. The increasing focus toward issues, such as managing energy consumption, optimizing the use for renewable energy sources, and reducing carbon footprint and greenhouse gas emissions, is creating a demand for EMS. Further, cloud services effectively minimize operational costs of software development and maintenance and direct the monetary costs, cost of time, and spent resources on maintaining the inhouse IT professionals and infrastructure on gathering, storing, and analyzing energy data. Cloud services are an ongoing trend responsible for the growth of the market studied.
The increasing usage of smart grids and smart meters drives the market. With the increasing energy demand and aging electricity infrastructure, governments across the world are increasingly moving toward modernization of energy grids by adopting smart grid solutions. With various governments undertaking modernization drives to upgrade their power grid, the demand for energy efficiency solutions is increasing in the market. For instance, the Missouri Public Service Commission made a utility investment of USD 6.3 billion for grid modernization. This was taken up by Ameren, and the company finished about 900 projects as of February 2020.
Further, in order to tackle climate change and increase energy efficiency, the European Union set itself a target to ensure that 80% of EU consumers use smart meters by the end of 2020. North America is also observing significant growth in the adoption of smart metering solutions and smart grid investments. By the end of 2024, the adoption rate of smart meters in the region is expected to reach over 80% from around 60% in 2018. According to the Institute for Electric Efficiency, in December 2018, the number of smart meters installed in the United States stood at 90 million units.
Furthermore, rising investments in energy efficiency are driving the market. There are various vendors operating in the energy efficiency space that enable governments to adopt such solutions, and such enterprises are obsrving a growth in investments. For instance, in November 2019, the Asian Development Bank (ADB) approved a loan of USD 250 million, as a part of an assistance package to EESL, to expand its energy efficiency investments in India. Moreover, Turkey’s public and private sectors joined hands to invest over USD 10 billion in energy efficiency over the next ten years, according to the Turkish energy and natural resources ministry. The investment is expected to generate USD 30 billion in savings till 2033. Such developments are further augmenting the demand for EMS in the market.
Further, with the recent outbreak of COVID19, the global residential power sector witnessed significant growth due to quarantines, while the industrial energy demand slumped significantly during the first quarter of 2020. According to the CEO of Wind Europe, due to the COVID19 pandemic, the company is expected to witness delays in new wind farm projects, which can cause developers to miss the deployment deadlines in countries, auction systems and as a result, face financial penalties.
However, major power projects and government projects are expected to continue without any discrepancies, as such projects are critical national infrastructure. Thus, such projects are deemed essential. For instance, in April 2020, DEWA resumed the AED 1.5 billion grid modernization project, despite the COVID19 outbreak. Also, with the COVID19 impact, multiple energy management software providers are extending their services. For instance, in May 2020, Honeywell launched an integrated set of solutions to help building owners improve the health of their building environments and energy efficiency. Such developments and services are expected to maintain a steady demand over the forecast period.
[Key Market Trends]
HEMS (Home EMS) to Experience Significant Growth
With the rapid improvements in technologies, like network communication, smart grid, bidirectional communication medium’s, information infrastructures, energy conservation methodologies, and various techniques, home area networks (HANs) encountered a revolutionary change about multiple areas of power consumption domains, like energy conservation at consumption premises and electricity usage patterns.
Due to the increasing concern about the efficient use of energy, there is an expanding focus on installing energysaving devices in households across the world. Energy management systems are costeffective in primarily all residential buildings, regardless of national energy prices, usage, and climatic factors. Thus they are increasingly being adopted in homes.
According to the US Energy Information Administration (EIA), the overall domestic consumption is expected to grow at 0.3% annually through 2040, which is less than half the rate of population growth. The agency expects the use of residential energy to be flat, while transportation energy consumption will decline slightly.
In the recent times, there is a significant surge in the development of connected, intelligent devices, such as smart meters, smart sensors, and smart thermostats, that are equipped in smart homes. These devices are experiencing advancements with the rise in the development of power monitoring and display technologies.
Further, the average net energy savings per system installation is about 36% for space heating, water heating, and cooling/ventilation, and it is 23% for lighting. This is further driving the growth of the market due to the government’s support and promotion for further uptake of smart devices.
For instance, the Government of India planned to create 500 smart cities in a phased manner, with smart homes being the most critical entity of smart cities. Also, in the United States, smart home projects, such as the installation of smart meters in California, Florida, and Texas contributed to the growth of smart home devices in the country.
[Europe Accounts for a Significant Share]
Europe accounts to hold a significant share in the market. The United Kingdom remains one of the forerunners in terms of adoption, aided by favorable energy policies and regulations targeted at reducing the country’s carbon footprint, through smart meter rollouts, energyefficient buildings, and systems.
The country has a clear rollout strategy, led by the Department of Energy and Industrial policy. According to the National Audit Office (NAO), the United Kingdom is set to complete the installation process of smart meters by 2020. Over 12.5 million smart meters were installed in the United Kingdom by the end of 2018. Additionally, due to a high population density and high connectivity, the country has a favorable costbenefit analysis, further adding to the growth.
Further, in July 2019, Crown Commercial Service (CCS) selected Utilidex to supply ‘The Utilidex Energy Hub,’ a new energy management system. This initiative is expected to allow CCS to drive added value from both a trading and commercial perspective and enhance the way customers manage their energy estates in the United Kingdom.
Furthermore, Germany has been focusing on sustainable longterm energy since 2010. The country adopted a strategic roadmap on renewable energy adoption, called Energy Concept. This strategy establishes a pathway toward 2050 with renewable energy as its foundation. The Bureau of Energy Efficiency (BEE) estimated that the demand for energy generation from renewable sources and fossil fuels will rise from 600 TWh at present to over 700 TWh by 2030, in Germany, primarily driven by the expansion of electric mobility.
In addition, in accordance with the “Climate Protection Plan 2050”, the country is planning to cut greenhouse gas emissions by at least 55% by 2030, compared to 1990. The industry is expected to contribute to this with a reduction of between 49% and 51%.
The energy management systems market is competitive and consists several major players. However, in terms of market share, few of the major players currently dominate the market. These major players, with a prominent share in the market, are focusing on expanding their customer bases across foreign countries. These companies are leveraging strategic collaborative initiatives to increase their market shares and profitability. The key players are IBM Corporation and Rockwell Automation Inc. Recent developments in the market are
Feb 2020 Castle Development and Schneider Electric Egypt signed a memorandum of understanding (MoU) to provide Castle Landmark compound with an energy management system, to manage the infrastructure of the project, rationalize energy consumption, and offer safe, efficient, and ecofriendly products, including solar panels, heating systems, water, and natural gas networks, internet, traffic control systems, and electric vehicle charging stations.
Jan 2020 The Enel Group, through its advanced energy services business line, Enel X, and European investment fund Infracapital, one of Europe’s prominent Infrastructure investors, signed an agreement to expand the Cogenio distributed generation and energy efficiency joint venture, through a new company operating throughout Spain.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness – Porter’s Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Industry Value Chain Analysis
4.4 Introduction to Market Drivers and Restraints
4.5 Market Drivers
4.5.1 Increasing Usage of Smart Grids and Smart Meters
4.5.2 Rising Investments in Energy Efficiency
4.6 Market Restraints
4.6.1 High Initial Installation Costs Coupled with Maintenance Costs
4.7 Assessment of the Impact of COVID-19 on the Industry
5 MARKET SEGMENTATION
5.1 Type of EMS
5.2 End User
5.2.2 Power and Energy
5.2.3 IT and Telecommunication
5.2.5 Other End Users
5.3.1 Energy Generation
5.3.2 Energy Transmission
5.3.3 Energy Monitoring
5.5.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.5.4 Latin America
126.96.36.199 Rest of Latin America
5.5.5 Middle-East & Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
220.127.116.11 South Africa
18.104.22.168 Rest of Middle-East & Africa
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 IBM Corporation
6.1.2 Rockwell Automation Inc.
6.1.3 General Electric Co.
6.1.4 Schneider Electric SE
6.1.5 Cisco Systems Inc.
6.1.6 Tendril Networks Inc.
6.1.7 Eaton Corporation
6.1.8 EnerNOC Inc.
6.1.9 Elster Group GMBH
6.1.10 SAP SE
6.1.11 Siemens AG
6.1.12 Honeywell International Inc.
7 INVESTMENT ANALYSIS
8 MARKET OPPORTUNITIES AND FUTURE TRENDS