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.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
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
Claire Stephens is a Research Director at Verdantix, leading research into technologies and services shaping the real estate and the built environment, encompassing ...
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