Europe Energy Management Systems Market Size & Outlook

Industrial energy management system (iems) was the largest segment with a revenue share of 74.21% in 2023. Horizon Databook has segmented the Europe 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.

The energy management system market in Europe witnesses a similar adoption rate to North America. However, it is much more assorted, with significant dissimilarities among the countries regarding regulations, the differences in the local utility markets, and the inclination to consume smart energy management systems.

The sensor-based energy management systems are projected to develop significantly due to the rising requirement for systems that detect energy supply issues. Using sensor based EMS units enables end users to make comprehensive decisions to improve the overall energy supply. Digital devices comprising IoT, and machine learning technologies enable the assembly of a large amount of data regarding energy consumption and supply.

These features will likely prompt consumers to choose smart homes containing sensor-based EMS in the energy grid infrastructure. Over the coming years, the region is anticipated to witness a steady growth in the implementation of smart energy management systems, compelled by the large-scale planned rollouts by the tier 1 utilities and smaller implementations from many municipal and small cooperative utilities.