Smart Innovators: Industrial Energy Management Software
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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.
Table of contents
Industrial firms increasingly recognize the role of energy efficiency in the success of net zero strategiesEnergy 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
Table of figures
Figure 1. Change in operational excellence spend for the next 12 monthsFigure 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
Organisations mentioned
ABB, AspenTech, Avanseus, Baker Hughes, Brightly Software, C3 AI, COPA-DATA, dataPARC, Eptura, European Commission, Hark Systems, HCLTech, Honeywell, Iconics, International Energy Agency (IEA), LG Chem, mCloud, METRON, OpenAI, Panoramic Power (Centrica), Pinnacle, QiO Technologies, Renault Group, Rockwell Automation, Samotics, Schneider Electric, Siemens, Smarkia, Tata Consultancy Services (TCS), UK Department for Energy Security and Net Zero, Wood, ZerynthAbout the authors
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