Canada Energy Management Systems Market Size & Outlook
Canada energy management systems market, 2018-2030 (US$M)
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Canada energy management systems market highlights
- The Canada energy management systems market generated a revenue of USD 3,150.8 million in 2024 and is expected to reach USD 6,590.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 12.9% from 2025 to 2030.
- In terms of segment, industrial energy management system (iems) was the largest revenue generating system type in 2024.
- Building energy management system (BEMS) is the most lucrative system type segment registering the fastest growth during the forecast period.
Energy management systems market data book summary
| Market revenue in 2024 | USD 3,150.8 million |
| Market revenue in 2030 | USD 6,590.7 million |
| Growth rate | 12.9% (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 |
Other key industry trends
- In terms of revenue, Canada accounted for 5.9% of the global energy management systems market in 2024.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. energy management systems market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,590.7 million by 2030.
Industrial energy management system (iems) was the largest segment with a revenue share of 84.61% in 2024. Horizon Databook has segmented the Canada 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.
Canada's energy management systems market is relatively mature compared to some other regions, with a strong focus on energy efficiency and sustainability. The Canadian government has been actively promoting adopting energy management systems to reduce energy consumption, greenhouse gas emissions, and energy costs.
The use of smart energy management systems in Canada is widespread, with many utilities having already installed smart electricity meters and implemented other energy management technologies.
There is a strong focus on innovation in the Canadian energy management systems market, with many companies and organizations developing new technologies and solutions to improve energy efficiency and sustainability. The Canadian government also provides funding and support for research and development in this area.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
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Canada energy management systems market size, by system type, 2018-2030 (US$M)
Canada Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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