Market Size And Forecast: Energy Management Software 2023-2029 (Global)

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Executive Summary

This report helps strategy, product and marketing officers at firms providing energy management software (EMS) solutions better understand the market opportunity, define business development strategies and forecast future revenue growth potential. The Verdantix model, which is based on updated supplier revenues and current macroeconomic drivers, calculates that the market will surpass $1.2 billion in 2024. It will grow at a CAGR of 10% to reach $2.2 billion in 2029. For the first time, our analysis segments the market forecast into 13 building asset types, alongside country and regional breakdowns.

Table of contents

Summary for decision-makers
Energy management software (EMS) market size and forecast methodology

An overview of the EMS market
The EMS market was worth $1,226 million in 2023
Cost reduction agendas, coupled with sustainability-driven business priorities, fuel EMS adoption
Macroeconomic uncertainty, building integration challenges and reluctance to change will limit growth
The EMS market will grow at a CAGR of 10% to become a $2.2 billion market in 2029

Table of figures

Figure 1. Verdantix market size and forecast methodology
Figure 2. Model segmentation
Figure 3. Definition of asset type segments
Figure 4. 2023 EMS spend by region
Figure 5. 2023 EMS spend by asset type
Figure 6. EMS forecast by region (2023-2029)
Figure 7. EMS forecast within Americas (2023-2029)
Figure 8. EMS forecast within EMEA (2023-2029)
Figure 9. EMS forecast within APAC (2023-2029)
Figure 10. EMS forecast by top six building asset types (2023-2029)
Figure 11. EMS forecast by bottom seven building asset types (2023-2029)

About the author

Claire Stephens

Research Director, Smart Buildings
Claire Stephens is Research Director of the Smart Buildings team. With 18 years of experience in the sector, Claire is recognized as an expert in industries that make up the built environment, in particular, corporate and commercial real estate, and workplace and sustainability technologies. At Verdantix, Claire will be digging into building technology for building owners, occupiers and investors, focusing on how to support them in reaching their ESG objectives. Prior to her arrival at Verdantix, Claire launched Asia’s first corporate real estate, green building and building technology publications. She has also delivered full lifecycle real estate consultancy services covering a broad range of asset types in industries including financial services, oil and gas, pharmaceuticals, technology, consumer goods, media, retail and hospitality.

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