Europe Energy Management Systems Market Size & Outlook
Europe energy management systems market, 2018-2030 (US$M)
Related Markets
Europe energy management systems market highlights
- The Europe energy management systems market generated a revenue of USD 11,443.8 million in 2023.
- The market is expected to grow at a CAGR of 12.5% from 2024 to 2030.
- In terms of segment, industrial energy management system (iems) was the largest revenue generating system type in 2023.
- Building energy management system (BEMS) is the most lucrative system type segment registering the fastest growth during the forecast period.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 11,443.8 million |
| Market revenue in 2030 | USD 26,063.9 million |
| Growth rate | 12.5% (CAGR from 2023 to 2030) |
| Largest segment | Industrial energy management system (iems) |
| Fastest growing segment | Building energy management system (BEMS) |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 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, Europe region accounted for 24.5% of the global energy management systems market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 32,551.9 million by 2030.
Industrial energy management system (iems) was the largest segment with a revenue share of 74.21% in 2024. 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.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Energy Management Systems Market Scope
Energy Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Europe energy management systems market size, by country, 2018-2030 (US$M)
Europe Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
