U.S. Energy Management Systems Market Size & Outlook
U.S. energy management systems market, 2018-2030 (US$M)
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U.S. energy management systems market highlights
- The U.S. energy management systems market generated a revenue of USD 12,699.9 million in 2023 and is expected to reach USD 27,362.5 million by 2030.
- The U.S. market is expected to grow at a CAGR of 11.6% 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.
Energy management systems market data book summary
| Market revenue in 2023 | USD 12,699.9 million |
| Market revenue in 2030 | USD 27,362.5 million |
| Growth rate | 11.6% (CAGR from 2023 to 2030) |
| Largest segment | Industrial energy management system (iems) |
| Fastest growing segment | Building energy management system (BEMS) |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, U.S. accounted for 27.2% of the global energy management systems market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. energy management systems market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 6,590.7 million by 2030.
Industrial energy management system (iems) was the largest segment with a revenue share of 74.45% in 2024. Horizon Databook has segmented the U.S. 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.
Energy management systems in the U.S. include a growing adoption of smart grid technologies, energy storage systems, and the integration of renewable energy sources. Another trend in the U.S. energy management system market is the growing adoption of energy storage systems.
Energy storage systems enable utilities to store excess energy generated by renewable sources and use it when demand is high, reducing the need for fossil fuel-based generation. In addition, energy storage systems provide a reliable backup power source during power outages and can help improve grid stability.
Additionally, the US government has made significant investments in energy infrastructure development, contributing to the country's leadership position in the energy management systems market.
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Energy Management Systems Market Scope
Energy Management Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. energy management systems market size, by system type, 2018-2030 (US$M)
U.S. Energy Management Systems Market Outlook Share, 2024 & 2030 (US$M)
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