South Korea Energy Management Systems Market Size & Outlook
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South Korea energy management systems market highlights
- The South Korea energy management systems market generated a revenue of USD 828.2 million in 2024 and is expected to reach USD 2,054.8 million by 2030.
- The South Korea market is expected to grow at a CAGR of 16.2% 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 828.2 million |
| Market revenue in 2030 | USD 2,054.8 million |
| Growth rate | 16.2% (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, South Korea accounted for 1.6% 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 86.71% in 2024. Horizon Databook has segmented the South Korea 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.
South Korea has set ambitious carbon reduction targets as part of its Green New Deal, which aims to transition to a carbon-neutral economy by 2050. This goal has spurred the adoption of EMS technologies across various sectors to optimize energy consumption, lower emissions, and meet stringent environmental regulations.
South Korea’s rapid adoption of renewable energy sources, particularly solar and wind power, is also a key factor in driving EMS growth. As the nation works to integrate these intermittent energy sources into the grid, EMS solutions play a vital role in ensuring grid stability and balancing supply and demand.
Additionally, the country’s push towards smart cities and the development of smart grids further accelerates the demand for EMS solutions that provide real-time energy monitoring, management, and optimization.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| C3.ai Inc Ordinary Shares - Class A | View profile | 914 | 1400 Seaport Boulevard, Redwood City, CA, United States, 94063 | https://www.c3.ai |
| Cisco Systems Inc | View profile | 84900 | 170 West Tasman Drive, San Jose, CA, United States, 95134-1706 | https://www.cisco.com |
| Honeywell International Inc | View profile | 95000 | 855 South Mint Street, Charlotte, NC, United States, 28202 | https://www.honeywell.com |
| GE Aerospace | View profile | 125000 | One Financial Center, Suite 3700, Boston, MA, United States, 02111 | https://www.geaerospace.com |
| Siemens AG | View profile | 321000 | Werner-von-Siemens-Strabe 1, Munich, BY, Germany, 80333 | https://www.siemens.com |
| ABB Ltd | View profile | 108700 | Affolternstrasse 44, Zurich, Switzerland, 8050 | https://www.abb.com |
| International Business Machines Corp | View profile | 282200 | One New Orchard Road, Armonk, NY, United States, 10504 | http://www.ibm.com |
| Schneider Electric SE | View profile | 162339 | 35, rue Joseph Monier - CS 30323, Rueil Malmaison, France, F-92506 | https://www.se.com |
| Johnson Controls International PLC | View profile | 102000 | One Albert Quay, Cork, Ireland, T12 X8N6 | https://www.johnsoncontrols.com |
South Korea energy management systems market size, by system type, 2018-2030 (US$M)
South Korea Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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