EUROPE ENERGY MANAGEMENT SYSTEMS MARKET FORECAST 2022-2030
The Europe energy management systems market is predicted to progress with a CAGR of 15.49% over the forecast period of 2022 to 2030, acquiring a revenue share of $11448.17 million by 2030.
EUROPE ENERGY MANAGEMENT SYSTEMS MARKET FORECAST 2022-2030
Europe Energy Management Systems Market by Product Type (Industrial EMS, Building EMS, Home Ems) Market by Component (Hardware, Software, Services) Market by Vertical (Power & Energy, Telecom & IT, Manufacturing, Retail & Offices, Healthcare, Other Verticals) By Geography
The Europe energy management systems market is predicted to progress with a CAGR of 15.49% over the forecast period of 2022 to 2030, acquiring a revenue share of $11448.17 million by 2030.
The surging need for smart buildings, the increasing electricity demand, as well as the rise in government measures to mitigate carbon emissions, are among the key drivers accredited to the market growth of the region. However, the Europe energy management systems market may face challenges such as uncertainty in energy prices.
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The Europe energy management systems market growth evaluation comprises the study of Denmark, Norway, Spain, Italy, France, Germany, the United Kingdom, and Rest of Europe. The United Kingdom follows numerous initiatives as well as regulations associated with sustainable energy. While the country had a legal obligation under the EU law for the generation of 20% of energy consumption via renewable energy sources by 2020, the United Kingdom also aims to reach net zero carbon emissions by 2050. Moreover, various other policy instruments have been implemented for the promotion of energy efficiency, as well. These include compulsory energy labeling with energy performance certificates, building control regulations, energy efficiency opportunities schemes, and display energy certificates, among others.
On the other hand, Germany is recognized for its policy on sustainable development as well as for promoting renewable energy. In 2011, the country’s government announced the Energy transformation (Energie-Wende), reducing the amount of fossil fuel from 80% of the energy supply to 20% by the year 2050. This factor, subsequently, has increased energy efficiency dramatically. In 2020, the building sector in Germany equated to approximately 35% of the total final energy consumption, according to the Federal Ministry for Economic Affairs and Energy. Furthermore, industries, combined with commerce, trade, and services, accounted for 45% of final energy consumption in the country. As a result, these factors are anticipated to propel the energy management systems market growth in Europe over the forecast period.
The Europe energy management systems market is segmented into product type, component, and vertical. The component category includes hardware, software, and services. Hardware comprises a hub device that communicates between the activities inside the facility and the user. EMS hardware includes components like Remote Terminal Units (RTUs), CPU and monitors, distributed panels, sensors, monitored points, test points, valves and actuators, printers and portables, dampers, thermostats, and others.
Conversely, energy management systems software includes application programs for network analysis of required facilities. Moreover, the application programs function in real time as well as in extended real time environments to keep the power system in an operating state. With several online applications, the monitor and control functions are termed supervisory control and data acquisition (SCADA).
Some of the key players operating in the Europe energy management systems market are Schneider Electric, Siemens, Fuuse, etc.
Siemens, headquartered in Germany, is a technology company that offers resource-saving and energy-efficient technologies for various industries. These include financing, healthcare, energy, automation, building technology, mobility, and others. The company also empowers consumers to improve their digital transformation and sustainability challenges.
Siemens’ low voltage power distribution and electrical installation technology entail efficient engineering tools and cloud-based solutions, such as low voltage systems, low voltage components, and others.
Report Synopsis
| Report Scope | Details |
| Market Forecast Years | 2022-2030 |
| Base Year | 2021 |
| Market Historical Years | 2018-2021 |
| Forecast Units | Revenue ($ Million) |
| Segments Analyzed | Product Type, Component, Vertical |
| Countries Analyzed | Denmark, Norway, Spain, Italy, France, Germany, the United Kingdom, and Rest of Europe |
| Companies Analyzed |
General Electric Company, Honeywell International Inc, IBM Corporation, Siemens, Schneider Electric, Rockwell Automation Inc, Cisco Systems, Eaton, Emerson, Johnson Controls, Dexma, Energy Hub, Gridpoint, Uplight, Enel X, C3.AI, Broadcom |
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- MARKET OVERVIEW
- MARKET DYNAMICS
- KEY DRIVERS
- GLOBAL ENERGY CONCERNS
- RISING INVESTMENTS IN ENERGY EFFICIENCY
- GROWING INDUSTRIAL AND RESIDENTIAL INFRASTRUCTURE
- KEY RESTRAINTS
- HIGH INITIAL COST OF DEPLOYMENT
- LACK OF SKILLED WORKFORCE
- KEY DRIVERS
- KEY ANALYTICS
- IMPACT OF COVID-19 ON ENERGY MANAGEMENT SYSTEMS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- KEY BUYING CRITERIA
- PERFORMANCE
- SERVICE
- RETURN ON INVESTMENT
- REGULATORY FRAMEWORK
- MARKET BY PRODUCT TYPE
- INDUSTRIAL EMS
- BUILDING EMS
- HOME EMS
- MARKET BY COMPONENT
- HARDWARE
- SENSORS
- ACTUATORS
- CONTROLLERS
- THERMOSTATS
- OTHER HARDWARE COMPONENTS
- SOFTWARE
- SERVICES
- MONITORING & CONTROL
- IMPLEMENTATION & INTEGRATION
- MAINTENANCE
- CONSULTING & TRAINING
- HARDWARE
- MARKET BY VERTICAL
- POWER & ENERGY
- TELECOM & IT
- MANUFACTURING
- RETAIL & OFFICES
- HEALTHCARE
- OTHER VERTICALS
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- NORWAY
- DENMARK
- REST OF EUROPE
- EUROPE
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS & DIVESTITURES
- COMPANY PROFILES
- BROADCOM
- AI
- CISCO SYSTEMS
- DEXMA
- EATON
- EMERSON
- ENEL X
- ENERGY HUB
- GENERAL ELECTRIC COMPANY
- GRIDPOINT
- HONEYWELL INTERNATIONAL INC
- IBM CORPORATION
- JOHNSON CONTROLS
- ROCKWELL AUTOMATION INC
- SCHNEIDER ELECTRIC
- SIEMENS
- UPLIGHT
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – ENERGY MANAGEMENT SYSTEMS
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 4: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 5: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 6: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 7: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 8: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 9: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 10: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 11: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 12: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY VERTICAL, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 13: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 14: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ MILLION)
TABLE 15: LEADING PLAYERS OPERATING IN EUROPE ENERGY MANAGEMENT SYSTEMS MARKET
TABLE 16: LIST OF MERGERS & ACQUISITIONS
TABLE 17: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 18: LIST OF PARTNERSHIPS & AGREEMENTS
TABLE 19: LIST OF BUSINESS EXPANSIONS & DIVESTITURES
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: KEY BUYING CRITERIA
FIGURE 6: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2021
FIGURE 7: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY INDUSTRIAL EMS, 2022-2030 (IN $ MILLION)
FIGURE 8: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY BUILDING EMS, 2022-2030 (IN $ MILLION)
FIGURE 9: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY HOME EMS, 2022-2030 (IN $ MILLION)
FIGURE 10: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021
FIGURE 11: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2022-2030 (IN $ MILLION)
FIGURE 12: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021
FIGURE 13: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY SENSORS, 2022-2030 (IN $ MILLION)
FIGURE 14: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY ACTUATORS, 2022-2030 (IN $ MILLION)
FIGURE 15: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY CONTROLLERS, 2022-2030 (IN $ MILLION)
FIGURE 16: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY THERMOSTATS, 2022-2030 (IN $ MILLION)
FIGURE 17: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2030 (IN $ MILLION)
FIGURE 18: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2022-2030 (IN $ MILLION)
FIGURE 19: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, 2022-2030 (IN $ MILLION)
FIGURE 20: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2021
FIGURE 21: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY MONITORING & CONTROL, 2022-2030 (IN $ MILLION)
FIGURE 22: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY IMPLEMENTATION & INTEGRATION, 2022-2030 (IN $ MILLION)
FIGURE 23: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY MAINTENANCE, 2022-2030 (IN $ MILLION)
FIGURE 24: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY CONSULTING & TRAINING, 2022-2030 (IN $ MILLION)
FIGURE 25: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2021
FIGURE 26: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY POWER & ENERGY, 2022-2030 (IN $ MILLION)
FIGURE 27: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY TELECOM & IT, 2022-2030 (IN $ MILLION)
FIGURE 28: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY MANUFACTURING, 2022-2030 (IN $ MILLION)
FIGURE 29: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY RETAIL & OFFICES, 2022-2030 (IN $ MILLION)
FIGURE 30: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY HEALTHCARE, 2022-2030 (IN $ MILLION)
FIGURE 31: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, BY OTHER VERTICAL, 2022-2030 (IN $ MILLION)
FIGURE 32: EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)
FIGURE 33: UNITED KINGDOM ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 34: GERMANY ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 35: FRANCE ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 36: ITALY ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 37: SPAIN ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 38: NORWAY ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 39: DENMARK ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
FIGURE 40: REST OF EUROPE ENERGY MANAGEMENT SYSTEMS MARKET, 2022-2030 (IN $ MILLION)
- GEOGRAPHICAL ANALYSIS
- EUROPE
- MARKET SIZE & ESTIMATES
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY PLAYERS
- COUNTRY ANALYSIS
- UNITED KINGDOM
- GERMANY
- FRANCE
- ITALY
- SPAIN
- NORWAY
- DENMARK
- REST OF EUROPE
- EUROPE
- MARKET BY PRODUCT TYPE
- INDUSTRIAL EMS
- BUILDING EMS
- HOME EMS
- MARKET BY COMPONENT
- HARDWARE
- SENSORS
- ACTUATORS
- CONTROLLERS
- THERMOSTATS
- OTHER HARDWARE COMPONENTS
- SOFTWARE
- SERVICES
- MONITORING & CONTROL
- IMPLEMENTATION & INTEGRATION
- MAINTENANCE
- CONSULTING & TRAINING
- HARDWARE
- MARKET BY VERTICAL
- POWER & ENERGY
- TELECOM & IT
- MANUFACTURING
- RETAIL & OFFICES
- HEALTHCARE
- OTHER VERTICALS
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