North America Energy Management Systems Market Size & Outlook
North America energy management systems market, 2018-2030 (US$M)
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North America energy management systems market highlights
- The North America energy management systems market generated a revenue of USD 16,817.7 million in 2023.
- The market is expected to grow at a CAGR of 11.9% 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, Canada is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 16,817.7 million |
| Market revenue in 2030 | USD 37,026.4 million |
| Growth rate | 11.9% (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, North America region accounted for 36.1% 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 74.58% in 2023. Horizon Databook has segmented the North 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.
North America's energy management system market is relatively mature compared to other regions due to the early adoption of smart energy management systems by both the USA and Canada. Many tier-1 utility operators in North America have already installed large-scale smart electricity meter solutions or are currently deploying them.
These smart meters enable real-time communication between the utility company and the consumer, providing both parties with more accurate and detailed information about energy consumption. This information can help consumers make more informed decisions about their energy usage and enable utility companies to manage their networks more efficiently.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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North America energy management systems market size, by country, 2018-2030 (US$M)
North America Energy Management Systems Market Outlook Share, 2023 & 2030 (US$M)
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