India Energy Management Systems Market Size & Outlook
India energy management systems market, 2018-2030 (US$M)
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India energy management systems market highlights
- The India energy management systems market generated a revenue of USD 2,565.1 million in 2024 and is expected to reach USD 7,217.7 million by 2030.
- The India market is expected to grow at a CAGR of 18.6% 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 2,565.1 million |
| Market revenue in 2030 | USD 7,217.7 million |
| Growth rate | 18.6% (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, India accounted for 4.8% 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 Asia Pacific, China energy management systems market is projected to lead the regional market in terms of revenue in 2030.
- Australia is the fastest growing regional market in Asia Pacific and is projected to reach USD 4,135.0 million by 2030.
Industrial energy management system (iems) was the largest segment with a revenue share of 89.54% in 2024. Horizon Databook has segmented the India 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.
India is a rapidly growing market for smart electricity meters, potentially becoming one of the largest markets globally. India is projected to play a vital role in the smart electricity meter market, with the increasing deployment of new smart meters and the recent Smart Meter National Programme (SMNP) aimed to replace 2.5 million conventional meters with smart meters.
In 2017, the Indian government launched the Smart Meter National Programme (SMNP) to replace 250 million conventional meters with smart meters by 2022. The program aims to improve the efficiency of the power sector, reduce power theft, and enable consumers to monitor their electricity consumption in real time. The SMNP is also expected to facilitate the integration of renewable energy sources and support the development of a smarter grid system in India.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
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India energy management systems market size, by system type, 2018-2030 (US$M)
India Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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