Market Overview:
The global industrial energy management system (IEMS) market is expected to grow from USD 9.5 billion in 2018 to USD 17.8 billion by 2030, at a CAGR of 7.0% from 2018 to 2030. The growth of the IEMS market can be attributed to the increasing demand for energy-efficient solutions and the growing awareness about energy conservation among industrial organizations. The global IEMS market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into hardware, software, and service segments. The hardware segment took the largest share of IEMS revenue in 2018 and is expected to grow at a CAGR of 6.9% during forecast period due to increase in demand for efficient systems that can help reduce wastage and save money on energy bills. On t he basis o f applicatio n , th e marke t i s di vided int o automotive , electroni cs , foo d an d bevera ges , minin g , oil an d ga s . petrochemicals an d chemica ls segm ents . Owing t o increasin g deman d fo r ener gy -efficien t so lutio ns amon g indu stria l orga niza tion s an d gro wing awa reness abou t ener gy conservatio n amon g indu stria l organizatio ns .
Product Definition:
An industrial energy management system (IEMS) is a comprehensive software application used to manage and optimize the energy consumption of an industrial facility. IEMS can help companies save money on their electricity bills by identifying operational inefficiencies and making recommendations for improvement. Additionally, IEMS can help ensure that operations are running as efficiently as possible, reducing greenhouse gas emissions and other pollutants.
Software:
Software is a collection of procedures, algorithms, programs and data that provides instructions for the operation of computers. Software is used in IEMS to provide efficient operations for power electronics devices such as converters, inverters and power generators. The software helps in controlling the electric systems through remote access from a central location using communication networks such as Ethernet or IP based communication system.
Service:
Service is a set of processes and practices for delivering products or solutions to customers. It includes activities such as designing, implementing, operating, maintaining and repairing services. Service has been evolving in the energy sector over the past few years owing to increasing focus on customer needs & experience along with technological advancements.
Application Insights:
The automotive application segment is expected to witness the fastest growth over the forecast period. The growing need for optimization of energy consumption in automobile manufacturing has become a key focus area for many manufacturers. IEMS helps them to achieve higher operational efficiency and lower carbon emissions by reducing wastage and increasing productivity.
Automotive applications are widely used across end-use industries such as oil & gas, mining, petrochemicals and chemicals, electronics among others which require large power systems ranging from 50 kilowatts up to megawatts depending upon their operations. These systems manage energy usage by monitoring real-time data from multiple sources such as vehicle speed sensors, temperature monitors etc., thereby making industrial energy management system an essential tool in these industries.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region over the forecast period. The growth can be attributed to rising energy consumption in emerging economies, such as China and India. In addition, increasing industrialization and manufacturing output are projected to drive regional market growth over the next eight years.
The European region occupied a significant share of global revenue in 2018 owing to early adoption of IEMS technology coupled with stringent government regulations for reducing carbon footprint associated with industrial activities. However, North America is expected to emerge as a strong contender by 2030 due primarilyto growing demand from end-use industries such as automotive and oil & gas sectors., North America Industrial Energy Management System (IEMS) Market Size, Share & Trends Analysis Report By Product (Hardware/Systems Integration; Software), By Application (Automotive; Oil & Gas), And Segment Forecasts To 2030 Key Countries Considered For The Study Of This Report Are U.
Growth Factors:
- Increasing demand for energy efficiency and sustainability in industrial sector
- Rapid expansion of industrial sector in developing countries
- Growing awareness about the benefits of IEMS among industrialists
- Stringent government regulations and standards for energy management
- Technological advancements in IEMS
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Energy Management System (IEMS) Market Research Report
By Type
Software, Service, Hardware, Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018., Industrial Energy Management System (IEMS
By Application
Automotive, Electronics, Food & Beverages, Mining, Oil & Gas, Petrochemicals and Chemicals, Others, By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
By Companies
Cisco, Siemens, General Electric, Schneider Electric, ABB, Eaton, Johnson Controls, Honeywell, Rockwell, EFT, Azbil, IBM, Emerson Electric, Delta Electronics, DEXMA, Yokogawa Electric Corporation, GridPoint, CET, POWERTECH, Industrial Energy Management System (IEMS
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Energy Management System (IEMS) Market Report Segments:
The global Industrial Energy Management System (IEMS) market is segmented on the basis of:
Types
Software, Service, Hardware, Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018., Industrial Energy Management System (IEMS
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Electronics, Food & Beverages, Mining, Oil & Gas, Petrochemicals and Chemicals, Others, By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cisco
- Siemens
- General Electric
- Schneider Electric
- ABB
- Eaton
- Johnson Controls
- Honeywell
- Rockwell
- EFT
- Azbil
- IBM
- Emerson Electric
- Delta Electronics
- DEXMA
- Yokogawa Electric Corporation
- GridPoint
- CET
- POWERTECH
- Industrial Energy Management System (IEMS
Highlights of The Industrial Energy Management System (IEMS) Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Software
- Service
- Hardware
- Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
- Industrial Energy Management System (IEMS
- By Application:
- Automotive
- Electronics
- Food & Beverages
- Mining
- Oil & Gas
- Petrochemicals and Chemicals
- Others
- By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Industrial Energy Management System (IEMS) Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
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- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An industrial energy management system (IEMS) is a comprehensive, automated system that manages the energy use of an industrial facility. IEMS can include features such as real-time monitoring and reporting of energy usage, automatic adjustment of operating parameters to optimize efficiency, and advanced analytics to identify opportunities for improvement.
Some of the major players in the industrial energy management system (iems) market are Cisco, Siemens, General Electric, Schneider Electric, ABB, Eaton, Johnson Controls, Honeywell, Rockwell, EFT, Azbil, IBM, Emerson Electric, Delta Electronics, DEXMA, Yokogawa Electric Corporation, GridPoint, CET, POWERTECH, Industrial Energy Management System (IEMS.
The industrial energy management system (iems) market is expected to grow at a compound annual growth rate of 7%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Industrial Energy Management System (IEMS) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Industrial Energy Management System (IEMS) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Industrial Energy Management System (IEMS) Market - Supply Chain
4.5. Global Industrial Energy Management System (IEMS) Market Forecast
4.5.1. Industrial Energy Management System (IEMS) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Industrial Energy Management System (IEMS) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Industrial Energy Management System (IEMS) Market Absolute $ Opportunity
5. Global Industrial Energy Management System (IEMS) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Type
5.3.1. Software
5.3.2. Service
5.3.3. Hardware
5.3.4. Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
5.3.5. Industrial Energy Management System (IEMS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Industrial Energy Management System (IEMS) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronics
6.3.3. Food & Beverages
6.3.4. Mining
6.3.5. Oil & Gas
6.3.6. Petrochemicals and Chemicals
6.3.7. Others
6.3.8. By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Industrial Energy Management System (IEMS) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Industrial Energy Management System (IEMS) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Industrial Energy Management System (IEMS) Demand Share Forecast, 2019-2026
9. North America Industrial Energy Management System (IEMS) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronics
9.4.3. Food & Beverages
9.4.4. Mining
9.4.5. Oil & Gas
9.4.6. Petrochemicals and Chemicals
9.4.7. Others
9.4.8. By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Type
9.7.1. Software
9.7.2. Service
9.7.3. Hardware
9.7.4. Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
9.7.5. Industrial Energy Management System (IEMS
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Industrial Energy Management System (IEMS) Demand Share Forecast, 2019-2026
10. Latin America Industrial Energy Management System (IEMS) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronics
10.4.3. Food & Beverages
10.4.4. Mining
10.4.5. Oil & Gas
10.4.6. Petrochemicals and Chemicals
10.4.7. Others
10.4.8. By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Type
10.7.1. Software
10.7.2. Service
10.7.3. Hardware
10.7.4. Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
10.7.5. Industrial Energy Management System (IEMS
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Industrial Energy Management System (IEMS) Demand Share Forecast, 2019-2026
11. Europe Industrial Energy Management System (IEMS) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronics
11.4.3. Food & Beverages
11.4.4. Mining
11.4.5. Oil & Gas
11.4.6. Petrochemicals and Chemicals
11.4.7. Others
11.4.8. By application, industrial energy management system was used in automotive, lectronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Type
11.7.1. Software
11.7.2. Service
11.7.3. Hardware
11.7.4. Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
11.7.5. Industrial Energy Management System (IEMS
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Industrial Energy Management System (IEMS) Demand Share, 2019-2026
12. Asia Pacific Industrial Energy Management System (IEMS) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronics
12.4.3. Food & Beverages
12.4.4. Mining
12.4.5. Oil & Gas
12.4.6. Petrochemicals and Chemicals
12.4.7. Others
12.4.8. By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Type
12.7.1. Software
12.7.2. Service
12.7.3. Hardware
12.7.4. Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
12.7.5. Industrial Energy Management System (IEMS
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Industrial Energy Management System (IEMS) Demand Share, 2019-2026
13. Middle East & Africa Industrial Energy Management System (IEMS) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronics
13.4.3. Food & Beverages
13.4.4. Mining
13.4.5. Oil & Gas
13.4.6. Petrochemicals and Chemicals
13.4.7. Others
13.4.8. By application, industrial energy management system was used in automotive, electronics, food and beverages, mining, oil and gas, petrochemicals and chemicals, which occupied market share of about 15% seperately.
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Industrial Energy Management System (IEMS) Market Size and Volume Forecast by Type
13.7.1. Software
13.7.2. Service
13.7.3. Hardware
13.7.4. Industrial energy management system derived into hardware, software and service. Hardware took the largest share of IEMS revenue, with 52% in 2018.
13.7.5. Industrial Energy Management System (IEMS
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Industrial Energy Management System (IEMS) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Industrial Energy Management System (IEMS) Market: Market Share Analysis
14.2. Industrial Energy Management System (IEMS) Distributors and Customers
14.3. Industrial Energy Management System (IEMS) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Cisco
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Siemens
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. General Electric
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Schneider Electric
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ABB
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Eaton
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Johnson Controls
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Honeywell
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Rockwell
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. S