Energy management systems play a crucial role in helping organizations optimize energy consumption, improve operational efficiency, and reduce costs. In this blog post, we will delve into the latest industry statistics surrounding energy management systems, providing insightful analysis and trends shaping the future of this rapidly evolving sector. Join us as we explore the key data points and uncover the untapped opportunities within the Energy Management System industry.
The Latest Energy Management System Industry Statistics Explained
The global Energy Management System (EMS) market size was valued at $25.19 billion in 2020.
The statistic indicates that the global Energy Management System (EMS) market had a total value of $25.19 billion in the year 2020. Energy management systems are tools and software solutions that help organizations monitor, control, and optimize their energy consumption to improve efficiency, reduce costs, and minimize environmental impact. The size of the EMS market reflects the significant demand for energy-efficient solutions across various industries and sectors as businesses strive to meet sustainability goals, comply with regulations, and reduce operational costs. This market value serves as a key indicator of the importance and growth potential of energy management systems in the global market.
It is estimated that the EMS market will reach $62.3 billion by 2023.
The statistic “It is estimated that the EMS market will reach $62.3 billion by 2023” indicates a projected growth in the global Electronic Manufacturing Services (EMS) sector. This forecast suggests that the market is expected to expand significantly over the coming years, with an estimated value of $62.3 billion by 2023. Factors such as increasing demand for electronic components, advancements in technology, and the outsourcing of manufacturing operations are likely driving this projected growth. This statistic serves as a key indicator for stakeholders within the EMS industry, offering valuable insights for strategic planning, investment decisions, and market positioning in the rapidly evolving electronics manufacturing landscape.
In 2019, North America held the highest share of the EMS market.
The statistic ‘In 2019, North America held the highest share of the EMS market’ indicates that North America, which encompasses countries like the United States and Canada, had the largest portion of the Electronics Manufacturing Services (EMS) market. This suggests that the region dominated in terms of revenue, sales, or market size within the EMS industry during the specified year. Such a statistic may reflect factors such as advanced technology infrastructure, strong demand for electronics, skilled labor force, and established relationships with major OEMs (Original Equipment Manufacturers) in the region, contributing to North America’s leadership in the EMS market during 2019.
However, Europe is predicted to be the most profitable market for EMS by 2027.
This statistic suggests that the European market for EMS (Electronic Manufacturing Services) is expected to outperform other markets and generate the highest profits by 2027. This prediction likely takes into account various factors such as the growth potential of the European electronics industry, the increasing demand for EMS in the region, and the competitive landscape of the market. It indicates that businesses operating in the EMS sector might benefit from focusing their efforts and investments in Europe to capitalize on the projected profitability of the market in the coming years.
Residential sector accounts for 60% percent of total energy use in the EMS.
The statistic indicates that within the Energy Management System (EMS), 60% of the total energy consumption can be attributed to the residential sector. This suggests that residential buildings, such as homes and apartments, are significant consumers of energy within the EMS. This may have implications for energy planning and resource allocation, as a large portion of the energy supply and infrastructure may be directed towards meeting the needs of residential areas. Understanding this distribution of energy use can help inform strategies for efficiency improvements, conservation efforts, and potential policy interventions aimed at reducing overall energy consumption and promoting sustainability within the residential sector of the EMS.
The industrial sector is leading in the EMS market, covering 75% of the global share.
The statistic indicates that the industrial sector holds a dominant position within the EMS (Environmental Monitoring System) market, accounting for 75% of the total global market share. This suggests that the industrial sector is the primary driver of demand and investment in EMS technologies and solutions, overshadowing other sectors. The significant market presence of the industrial sector underscores the importance placed on environmental monitoring and compliance within this industry, likely driven by regulatory requirements, sustainability goals, and increasing awareness of environmental issues. This data highlights the need for tailored and innovative EMS solutions to meet the specific needs and challenges faced by the industrial sector in monitoring and managing their environmental impact.
As per 2019 records, Siemens AG has acquired a 16% share in the worldwide EMS market.
The statistic indicates that as of 2019, Siemens AG, a multinational conglomerate, holds a 16% share in the global Electronic Manufacturing Services (EMS) market. This means that Siemens AG is among the leading companies providing outsourced manufacturing services for electronic components and products worldwide. The acquisition of a significant share in the EMS market highlights Siemens AG’s strong presence and competitive position in the industry, as well as its ability to meet the needs of a wide range of customers requiring electronic manufacturing services.
EMS in the utility sector is expected to grow at a CAGR of 19.6% from 2021 to 2028.
This statistic indicates that the Enterprise Management System (EMS) market within the utility sector is projected to experience significant growth at a Compound Annual Growth Rate (CAGR) of 19.6% over the period from 2021 to 2028. This suggests that EMS solutions, which encompass a wide range of software and services designed to streamline operations and improve efficiency within utility companies, are anticipated to expand rapidly during this timeframe. The high CAGR reflects a strong demand for EMS technologies within the utility sector, likely driven by factors such as increasing focus on digitization, automation, and sustainability initiatives. This growth projection underscores the importance of EMS in driving operational optimization and competitiveness within the utility industry in the coming years.
The EMS market for home energy management is expected to grow at a CAGR of 16.2% during 2021-2028.
This statistic indicates that the market for Energy Management Systems (EMS) designed for home energy usage is projected to experience robust growth over the period from 2021 to 2028, with a Compound Annual Growth Rate (CAGR) of 16.2%. This suggests a steady and substantial rise in demand for EMS technologies that help individuals manage and optimize their energy consumption within their homes. Factors such as increasing awareness of energy efficiency, a growing emphasis on sustainable living practices, and the availability of more advanced and user-friendly EMS solutions are likely driving this anticipated growth trend in the market. Organisations operating in the EMS sector may have significant opportunities to capitalize on this market expansion through product innovation, marketing strategies, and partnerships within the industry.
The building sector, which includes commercial and residential buildings, accounts for about 40% of total U.S. energy consumption.
This statistic highlights the significant impact of the building sector on total energy consumption in the United States, with this sector responsible for approximately 40% of the country’s overall energy usage. The building sector encompasses both commercial and residential buildings, indicating that a large portion of energy consumption is attributed to activities related to construction, operation, and maintenance of buildings. This underscores the importance of implementing energy-efficient practices and technologies within the building sector in order to reduce overall energy consumption, lower greenhouse gas emissions, and enhance sustainability efforts at both the individual and societal levels.
By 2027, wireless communication technology in EMS market is expected to exceed $6 billion.
The statistic indicates that the wireless communication technology segment within the Emergency Medical Services (EMS) market is projected to surpass $6 billion by the year 2027. This forecast suggests significant financial growth and development within the EMS sector, particularly in relation to the adoption and utilization of wireless communication solutions. As advancements in technology continue to shape the EMS industry, this statistic reflects the increasing importance and reliance placed on wireless communication tools for enhancing emergency response capabilities, improving patient care, and streamlining operational efficiencies. Such a substantial financial projection also implies a promising future for companies involved in the development and provision of wireless communication technologies tailored for the EMS market.
EMS in Oil & Gas industry is predicted to grow at a CAGR of 12.2% from 2021 to 2028.
This statistic indicates that the Environmental Management Systems (EMS) market within the Oil & Gas industry is projected to experience significant growth over the period from 2021 to 2028. The compound annual growth rate (CAGR) of 12.2% suggests a steady and substantial increase in the adoption and implementation of EMS solutions by companies operating in the Oil & Gas sector. This growth is likely driven by a variety of factors, including increasing regulatory requirements, a growing emphasis on sustainability and environmental protection, and the recognition of the benefits that effective EMS implementation can bring in terms of operational efficiency, risk management, and overall environmental performance within the industry.
As of 2020, the share of cloud-based EMS solutions in the overall market was around 35%.
This statistic indicates that by the year 2020, approximately 35% of the market for Energy Management Systems (EMS) was occupied by cloud-based solutions. EMS are software platforms that help organizations monitor, control, and optimize their energy consumption, typically for improving efficiency and reducing costs. The shift towards cloud-based EMS solutions suggests a growing preference for this technology in the energy management sector, likely driven by factors such as scalability, flexibility, and easier access to real-time data. This trend highlights the increasing importance of cloud technology in the energy industry, as organizations seek more advanced tools to manage their energy usage effectively.
The market for carbon emission management, a part of EMS, is expected to grow at a CAGR of 12.4% during 2021-2028.
This statistic indicates that the market for carbon emission management, a component of Environmental Management Systems (EMS), is projected to experience a Compound Annual Growth Rate (CAGR) of 12.4% between 2021 and 2028. This growth rate suggests a strong upward trend in the demand for services and technologies related to managing carbon emissions over the specified time period. Factors driving this growth could include increasing regulations around carbon emissions, growing awareness of climate change issues, and a shift towards more sustainable business practices among companies and industries. As a result, opportunities in the carbon emission management market are expected to expand significantly, presenting potential for investment and innovation in this sector.
By 2025, the EMS software market is projected to exceed $89.6 billion.
The statistic states that the EMS (Emergency Medical Services) software market is expected to surpass $89.6 billion by the year 2025. This projection implies a substantial growth in the market size of EMS software over the next few years. The increasing demand for efficient and technologically advanced solutions in the healthcare sector, particularly in emergency medical services, is likely to be a key driving factor behind this significant growth. The statistic suggests a promising future for the EMS software industry, indicating potential opportunities for innovation and development in this market segment as organizations strive to enhance their operational capabilities and improve patient care.
The Global Market for Industrial Energy Management System is projected to reach US$10.2 Billion by the year 2027.
This statistic implies that the market for Industrial Energy Management System (IEMS) is expected to experience significant growth, with a projected value of US$10.2 billion by the year 2027. This suggests an increasing global interest and investment in technologies and systems aimed at optimizing energy consumption and improving efficiency within industrial settings. The growth forecast indicates a rising awareness among industries of the importance of energy management as a strategy for cost savings, environmental sustainability, and operational efficiency. This projection underscores the potential opportunities for companies operating in the IEMS sector to capitalize on this growing market demand in the coming years.
As of 2018, the U.S. held 80% of the North American Energy Management Systems market share.
The statistic indicates that in 2018, the United States dominated the North American Energy Management Systems market with an 80% share. This suggests that a large majority of the market for energy management systems in North America was controlled by U.S. companies. This could be attributed to various factors such as the technological advancement in energy management systems in the U.S., strong presence of key industry players, favorable regulatory environment, or significant investments in research and development within the country. The high market share held by the U.S. reflects its leadership and competitiveness in the energy management systems industry within the North American region.
Commercial Buildings segment captured around 34% of the global EMS market in 2019.
The statement indicates that the Commercial Buildings segment accounted for approximately 34% of the global Energy Management Systems (EMS) market in the year 2019. This statistic suggests that a significant portion of the EMS market, which includes technologies and systems designed to monitor, control, and optimize energy usage, was driven by the demand and adoption within commercial buildings such as offices, shopping malls, and industrial facilities. The data highlights the strong presence and importance of energy management solutions within the commercial sector, indicating a growing awareness and implementation of energy-efficient practices to reduce operating costs and environmental impact in these types of buildings.
Conclusion
Energy Management System industry statistics reveal a promising future for this rapidly growing sector. With increasing awareness of energy efficiency and sustainability, along with advancements in technology, the market is expected to continue expanding. Businesses and organizations can capitalize on these trends by investing in energy management systems to optimize their operations and reduce costs.
References
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