Latin America Energy Management Systems Market Size & Outlook
Latin America energy management systems market, 2018-2030 (US$M)
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Latin America energy management systems market highlights
- The Latin America energy management systems market generated a revenue of USD 3,846.9 million in 2024.
- The market is expected to grow at a CAGR of 13.7% 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.
- Country-wise, Brazil is expected to register the highest CAGR from 2025 to 2030.
Latin America data book summary
| Market revenue in 2024 | USD 3,846.9 million |
| Market revenue in 2030 | USD 8,389.7 million |
| Growth rate | 13.7% (CAGR from 2025 to 2030) |
| Largest segment | Industrial energy management system (iems) |
| Fastest growing segment | Building energy management system (BEMS) |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 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, Latin America region accounted for 7.2% of the global energy management systems market in 2024.
- 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 32,552.0 million by 2030.
Industrial energy management system (iems) was the largest segment with a revenue share of 84.67% in 2024. Horizon Databook has segmented the Latin America 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 increasing prominence of digitization in the energy sector, coupled with the shift witnessed in electrification, is increasing the demand for energy management systems in the Central and South American region.
Enforcing advanced energy-efficient technologies and reducing energy waste has multiple benefits, including reducing increasing productivity and reducing exposure to fluctuating energy prices. Consistent expansion in residential establishments, on the back of surging urban populations, is driving investments for the development of electric grid networks, and subsequently influencing the consumption of energy management systems.
The rise in smart grid adoption proposals, coupled with government authorities' administrative regulations and policy standardization, creates significant commercial opportunities. The commercial sector is anticipated to emerge as the prominent South America Energy Management System market segment over the coming years.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
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Latin America energy management systems market size, by country, 2018-2030 (US$M)
Latin America Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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