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UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET FORECAST 2022-2028

The United States energy management systems market is anticipated to advance with a CAGR of 15.45% during the forecasting period, reaching a revenue share of $6009.25 million by 2028. The base year for the studied market is 2021, and the forecasted years are from 2022 to 2028.

UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET FORECAST 2022-2028

United States 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)

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The United States energy management systems market is anticipated to advance with a CAGR of 15.45% during the forecasting period, reaching a revenue share of $6009.25 million by 2028. The base year for the studied market is 2021, and the forecasted years are from 2022 to 2028.

The market growth of the country is reinforced by the high rates of energy consumption, especially in the residential, commercial, and industrial sectors, the increasing demand for smart grids and smart meters, stringent regulations, as well as the implementation of key policy directives.

United States Energy Management Systems Market

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The Energy Conservation and Production Act (ECPA) requires the United States Department of Energy (DOE) to establish building energy efficiency standards for new federal infrastructure. In this regard, the Federal Energy Management Program (FEMP) offers guidance to comply with federal laws as well as requirements associated with energy management. Moreover, the FEMP propagates energy efficiency and the use of renewable energy resources at federal locations, enabling agencies to conserve energy. The program also supports agencies with the entire project development process and provides training and education on energy management, in addition to the design and maintenance of high-performance buildings.

On the other hand, global challenges, as well as the commitment to minimize energy consumption, play an essential role in propelling the demand for energy management measures in the United States. Furthermore, the presence of well-established market players, including Rockwell Automation, Cisco Systems, and IBM Corporation, among others, with their core technologies and advanced products, is pivotal to the growing need for energy management systems in the country. As a result, these factors are set to augment the market growth in the United States during the forecast period.

The United States energy management systems market is segmented into product type, component, and vertical. The vertical segment includes power & energy, telecom & IT, manufacturing, retail & offices, healthcare, and other verticals. Manufacturing companies can make more informed decisions through the use of energy management systems in order to identify the amount of energy that machinery use, subsequently maximizing equipment productivity as well as efficiency. The use of energy management systems also provides a measure of the level of power, leading to optimal functioning of the enterprise.

The retail & offices vertical comprises shopping malls, offices, business parks, and other retail shops and markets. The use of energy management systems in this segment facilitates the easier analysis of data and improves equipment efficiency, as well. Furthermore, sensors, as well as IoT devices, also help manage energy consumption across office and shop floors in real time, thereby enabling more successful energy management.

The top companies operating in the United States energy management systems market are General Electric Company, Honeywell International Inc, IBM Corporation, etc.

Honeywell Internatonal Inc, headquartered in the United States, commercializes technologies that address challenges like energy, safety, air travel, security, productivity, as well as global urbanization. The company’s business segments are classified into performance materials and technologies, building technologies, aerospace, and safety and productivity solutions.

The company’s sensors detect air quality, heat, enthalpy, humidity, and others in order to track a building’s temperature, lighting, and more.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2028
Base Year 2021
Market Historical Years 2018-2021
Forecast Units Revenue ($ Million)
Segments Analyzed Product Type, Component, Vertical
Country Analyzed The United States
Companies Analyzed

Cisco Systems, Emerson, General Electric Company, IBM Corporation, Honeywell International Inc, Rockwell Automation Inc

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • COUNTRY SNAPSHOT
      • COUNTRY ANALYSIS
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
    3. 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
      • PESTLE ANALYSIS – UNITED STATES
      • KEY BUYING CRITERIA
        • PERFORMANCE
        • SERVICE
        • RETURN ON INVESTMENT
      • REGULATORY FRAMEWORK
    4. MARKET BY PRODUCT TYPE
      • INDUSTRIAL EMS
      • BUILDING EMS
      • HOME EMS
    5. MARKET BY COMPONENT
      • HARDWARE
        • SENSORS
        • ACTUATORS
        • CONTROLLERS
        • THERMOSTATS
        • OTHER HARDWARE COMPONENTS
      • SOFTWARE
      • SERVICES
        • MONITORING & CONTROL
        • IMPLEMENTATION & INTEGRATION
        • MAINTENANCE
        • CONSULTING & TRAINING
    1. MARKET BY VERTICAL
      • POWER & ENERGY
      • TELECOM & IT
      • MANUFACTURING
      • RETAIL & OFFICES
      • HEALTHCARE
      • OTHER VERTICALS
    2. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES & DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • CISCO SYSTEMS
        • EMERSON
        • GENERAL ELECTRIC COMPANY
        • HONEYWELL INTERNATIONAL INC
        • IBM CORPORATION
        • ROCKWELL AUTOMATION INC

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – ENERGY MANAGEMENT SYSTEMS

    TABLE 2: REGULATORY FRAMEWORK

    TABLE 3: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY PRODUCT TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 4: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY PRODUCT TYPE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 5: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 6: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 7: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 8: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 9: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 10: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 11: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY VERTICAL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

    TABLE 12: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY VERTICAL, FORECAST YEARS, 2022-2028 (IN $ MILLION)

    TABLE 13: LIST OF MERGERS & ACQUISITIONS

    TABLE 14: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 15: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 16: 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: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY PRODUCT TYPE, IN 2021

    FIGURE 7: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY INDUSTRIAL EMS, 2022-2028 (IN $ MILLION)

    FIGURE 8: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY BUILDING EMS, 2022-2028 (IN $ MILLION)

    FIGURE 9: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY HOME EMS, 2022-2028 (IN $ MILLION)

    FIGURE 10: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY COMPONENT, IN 2021

    FIGURE 11: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)

    FIGURE 12: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY HARDWARE, IN 2021

    FIGURE 13: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)

    FIGURE 14: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY ACTUATORS, 2022-2028 (IN $ MILLION)

    FIGURE 15: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)

    FIGURE 16: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY THERMOSTATS, 2022-2028 (IN $ MILLION)

    FIGURE 17: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $ MILLION)

    FIGURE 18: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)

    FIGURE 19: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)

    FIGURE 20: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY SERVICES, IN 2021

    FIGURE 21: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY MONITORING & CONTROL, 2022-2028 (IN $ MILLION)

    FIGURE 22: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY IMPLEMENTATION & INTEGRATION, 2022-2028 (IN $ MILLION)

    FIGURE 23: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY MAINTENANCE, 2022-2028 (IN $ MILLION)

    FIGURE 24: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY CONSULTING & TRAINING, 2022-2028 (IN $ MILLION)

    FIGURE 25: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, GROWTH POTENTIAL, BY VERTICAL, IN 2021

    FIGURE 26: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY POWER & ENERGY, 2022-2028 (IN $ MILLION)

    FIGURE 27: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY TELECOM & IT, 2022-2028 (IN $ MILLION)

    FIGURE 28: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)

    FIGURE 29: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY RETAIL & OFFICES, 2022-2028 (IN $ MILLION)

    FIGURE 30: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)

    FIGURE 31: UNITED STATES ENERGY MANAGEMENT SYSTEMS MARKET, BY OTHER VERTICALS, 2022-2028 (IN $ MILLION)       

    1. MARKET BY PRODUCT TYPE
      • INDUSTRIAL EMS
      • BUILDING EMS
      • HOME EMS
    2. MARKET BY COMPONENT
      • HARDWARE
        • SENSORS
        • ACTUATORS
        • CONTROLLERS
        • THERMOSTATS
        • OTHER HARDWARE COMPONENTS
      • SOFTWARE
      • SERVICES
        • MONITORING & CONTROL
        • IMPLEMENTATION & INTEGRATION
        • MAINTENANCE
        • CONSULTING & TRAINING
    1. MARKET BY VERTICAL
      • POWER & ENERGY
      • TELECOM & IT
      • MANUFACTURING
      • RETAIL & OFFICES
      • HEALTHCARE
      • OTHER VERTICALS

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