Smart Innovators: Industrial Energy Management Software
24 Jul, 2024
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Executive Summary
A reframing of energy efficiency initiatives as a solid short- to medium-term approach to meeting net zero targets, along with energy price volatility in recent years, has driven investment in energy management software (EMS) at industrial facilities. Mature, but fragmented, EMS is provided by a diverse set of vendors. This report gives buyers of EMS a high-level benchmark of the capabilities of 24 providers. It covers solutions for energy purchasing and procurement; monitoring and analytics; and operation and controls. Heads of engineering, operations, maintenance and sustainability should use this report to inform their purchasing decisions for 2024 and beyond. Software suppliers should leverage the information to benchmark their products.
Industrial firms increasingly recognize the role of energy efficiency in the success of net zero strategies
Energy management is still a secondary KPI for industrial firms
Reducing energy consumption is a pillar of decarbonization
Introducing the industrial EMS market
Industrial EMS providers have varied heritages
Industrial EMS caters to 13 use cases
Integration and data management drive innovation in industrial EMS
Energy management is still a secondary KPI for industrial firms
Reducing energy consumption is a pillar of decarbonization
Introducing the industrial EMS market
Industrial EMS providers have varied heritages
Industrial EMS caters to 13 use cases
Integration and data management drive innovation in industrial EMS
Figure 1. Change in operational excellence spend for the next 12 months
Figure 2. ESG and net zero priorities for industrial firms
Figure 3. Industrial technologies driving the achievement of net zero goals
Figure 4. Investment plans for asset management software
Figure 5. Industrial EMS providers: capabilities assessment
Figure 6. Must-, should- and nice-to-haves for EMS
Figure 2. ESG and net zero priorities for industrial firms
Figure 3. Industrial technologies driving the achievement of net zero goals
Figure 4. Investment plans for asset management software
Figure 5. Industrial EMS providers: capabilities assessment
Figure 6. Must-, should- and nice-to-haves for EMS
HCLTech, Panoramic Power (Centrica), Eptura, Zerynth, ABB, Rockwell Automation, COPA-DATA, International Energy Agency (IEA), Samotics, Smarkia, Baker Hughes, Schneider Electric, LG Chem, Iconics, Hark Systems, European Commission, METRON, dataPARC, QiO Technologies, OpenAI, UK Department for Energy Security and Net Zero, Tata Consultancy Services (TCS), Brightly Software, Avanseus, Pinnacle, AspenTech, C3 AI, Renault Group, mCloud, Siemens, Wood, Honeywell
About the Authors
Hugo Fuller
Senior Analyst
Hugo is a Senior Analyst in the Verdantix Industrial Transformation practice. His current research agenda explores the technologies within the industrial asset management soft…
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Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef…
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