Smart Innovators: Industrial Energy Management Software
Hugo Fuller
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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.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 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
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...
Malavika Tohani
VP Research
Malavika is a VP Research at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more efficien...
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