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-makersEnergy 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 methodologyFigure 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)
Organisations mentioned
75F, ABB, BrainBox AI, BUENO, Carrier, Clockworks Analytics, CopperTree Analytics, E.ON Optimum, EnergyCAP, Ento, European Council, European Parliament , GridPoint, Honeywell, IBM, International Monetary Fund (IMF), Johnson Controls, KODE Labs, Measurabl, Metrikus, Nantum AI, National Australian Built Environment Rating System (NABERS), Organisation for Economic Co-operation and Development (OECD), Placeform, Schneider Electric, Siemens, Switch Automation, Uplight, Vision 2030, World BankAbout the author
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