Market revenue in 2024 | USD 1,727.8 million |
Market revenue in 2030 | USD 3,532.1 million |
Growth rate | 12.5% (CAGR from 2025 to 2030) |
Largest segment | Industrial energy management system (iems) |
Fastest growing segment | Building energy management system (BEMS) |
Historical data | 2018 - 2023 |
Base year | 2024 |
Forecast period | 2025 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Industrial energy management system (IEMS), Building energy management system (BEMS), Home energy management system (HEMS) |
Key market players worldwide | Schneider Electric SE, Honeywell International Inc, Siemens AG, Johnson Controls International PLC, C3.ai Inc Ordinary Shares - Class A, GE Aerospace, ABB Ltd, International Business Machines Corp, Cisco Systems Inc |
Industrial energy management system (iems) was the largest segment with a revenue share of 83.27% in 2024. Horizon Databook has segmented the Brazil energy management systems market based on industrial energy management system (iems), building energy management system (bems), home energy management system (hems) covering the revenue growth of each sub-segment from 2018 to 2030.
One of the significant trends in the Brazilian energy management system market is the increasing use of smart meters. The government has set a target for all households in Brazil to have smart meters installed by 2025. The deployment of smart meters enables real-time communication between utilities and consumers, providing both parties with more accurate and detailed information about energy consumption.
In addition to smart meters, Brazilian utilities and consumers are also adopting other energy management technologies such as demand response systems, home energy management systems, and energy storage solutions.
For instance, the National programme for Electricity Conservation (PROCEL) is a comprehensive energy efficiency program initiated by the Brazilian Ministry of Energy (MME) in 1985. PROCEL is designed to promote energy conservation and efficiency in various sectors, including appliances, buildings, education, public buildings, municipal energy management, industry, lighting, and sanitation.
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