Middle East & Africa Energy Management Systems Market Size & Outlook
Middle East & Africa energy management systems market, 2018-2030 (US$M)
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MEA energy management systems market highlights
- The MEA energy management systems market generated a revenue of USD 3,433.1 million in 2024.
- The market is expected to grow at a CAGR of 14.6% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 3,433.1 million |
| Market revenue in 2030 | USD 7,830.4 million |
| Growth rate | 14.6% (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, MEA region accounted for 6.4% 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 84.22% in 2024. Horizon Databook has segmented the Middle East & Africa 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 rapidly increasing investments in smart city projects and the development of smart grid technologies are expected to create positive growth prospects for energy management systems in the commercial sector. The adoption of smart energy management systems in the industrial sector is currently at a nascent stage.
However, substantial growth in industrialization coupled with the increasing prominence of industrial automation and smart manufacturing technologies is fueling the adoption of smart energy management systems in the industrial sector.
Furthermore, industry dynamics are poised to witness extensive surges over the forecast period because of continuously increasing public and private investments in IoT expansion, carbon footprint mitigation, and renewable technology adoption. The construction industry is one of the key end-use sectors for energy management systems.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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MEA energy management systems market size, by country, 2018-2030 (US$M)
Middle East & Africa Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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