Energy Management Systems Market size is expected to reach USD 111.86 billion by 2030
Energy Management Systems (EMS) Industry Overview The global energy management systems (EMS) market size garnered USD 40.77 billion in 2022 and is expected to witness a compound annual growth rate (CAGR) of 13.3% from 2023 to 2030. An uptick in the management of energy use across commercial, industrial, and public sector organizations has fueled demand for energy management systems (EMS). Implementing advanced energy-efficient technologies and reducing energy waste will gain ground to contain greenhouse gas emissions, minimize potential exposure to fluctuating energy prices and bolster productivity. In February 2020, the World Resources Institute cited data suggesting that energy consumption was the biggest source of human-caused greenhouse gas emissions. Amidst the prevailing trend, industry players could seek IoT-based solutions to optimize energy consumption and control the energy flow. Gather more insights about the market drivers, restrains and growth of t...