Market Management Solutions for Energy - Overview

Energy Management Systems is a solution including software and associated hardware and communication systems for energy efficiency improvement. Market management solutions have wide applications areas spread across different verticals such as telecom and IT, power and energy, commercial and office buildings, manufacturing, and hospital, municipal, school and university Systems. The market management solutions for energy market is highly fragmented with various offerings extending from simple to complex energy monitoring dashboards and software including analytics of high degree.

Market Management Solutions for Energy - Drivers & Restraints

The adoption of market management solutions for energy depend mainly upon rigorous government regulations regarding conservation and energy efficiency coupled with market awareness of end-users regarding the importance of energy conservation and improving profits. However, there are multiple factors hindering the growth of the market such as during economic slowdowns energy management automatically takes the back seat and because of financial limitations application of market management solutions gets converted into a secondary goal. The organization focuses more on production than on energy efficiency in the business setups. Creating awareness among end users about energy management can be challenging as end users and the enterprises are more concern about initial cost than on long term benefits.

Market Management Solutions for Energy - Segmentation

The market can be segmented by software types into industrial, utility, residential, enterprise energy and carbon management, and others. The market is segmented in terms of devices into load control (LC) switches, in-home displays (IHDs), smart plugs and smart thermostats. Furthermore, by applications the market is segmented into home energy management systems (HEMS) and building energy management systems (BEMS); utility billing, Customer Information System (CIS) and solutions: demand response (DR). In addition the market is segmented by business vertical on the basis of implementation into energy and power, commercial and office buildings; Municipal, University, School and Hospital Systems (MUSH); IT and telecom and manufacturing.

Market Management Solutions for Energy - Key Players

The major players in this market are GE Corporation, Siemens AG, Schneider Electric, Honeywell International Inc., among others.

On the regional basis the global market management solutions for energy market has been categorized into North America, Europe, Asia Pacific, Middle East & Africa and South Africa. North America is expected to hold a prominent share of the global market management solutions for energy market, followed by Europe in 2018. This trend is expected to continue in the forecast period. A number of factors such as the increasing demand for new advanced security systems, technical breakthroughs in the field of energy and power generation, supporting government regulations,  increasing adoption of IoT and related services are driving the growth of the market in North America and Europe. The market in Asia Pacific is expected to grow at a faster rate between 2018 and 2026. Developing economies in Asia, such as India and China are inviting global players to enter their market, which is in-turn supporting the growth of overall market management solutions for energy market.

In the current scenario, the global market management solutions for energy market is highly fragmented. However there is presence of few well established players having strong distribution network. Also, these players have deeply penetrated into the market management solutions for energy market by introducing innovative and technologically advanced products. The companies are strengthening their position through merger & acquisition and continuously investing in research and development (R&D) activities to come up with solutions to cater the customers’ requirement. Furthermore, vendors are planning to invest in advanced technologies with a target to provide cost competitive product in the market.

The prominent industry vendors of the distributed energy resource management system systems market are ABB Ltd, Sunverge Energy, Inc, Blue Pillar, Inc., Enernoc, Inc., Autogrid Systems, Inc., Siemens AG, General Electric, Open Access Technology International, Inc., Spirae, Inc., Schneider Electric, Enbala Power Networks, Inc. and Doosan Gridtech, Inc.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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