Market by Type, Component, End-user, and Country Outlook | Forecast 2022-2028
As per Triton’s research analysis, the energy management systems market in the Asia-Pacific is likely to progress with a CAGR of 16.94% over the forecasting duration 2022-2028.
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The countries evaluated in this region include:
• ASEAN Countries
• South Korea
• Australia & New
Zealand
• China
• India
• Japan
• Rest of Asia-Pacific
India is expected to witness the fastest growth
in this region over the forecast period. Rising investments for developing cutting-edge
technologies aimed at energy conservation are anticipated to fuel the expansion
of the EMS market in the Asia-Pacific. The market here is driven by the rising
emphasis on energy cost reduction, which is supported by government initiatives
and incentives.
In China, the government is concentrating on the installation of smart
meters. The nation not only has the highest population, but it also emits the highest levels of greenhouse gasses. According to the IEA, the nation accounted for 22% of the
total energy consumption worldwide in 2018. This increased consumption has
increased the demand for using energy management systems in order to achieve
energy efficiency.
The expansion of the EMS market in Japan is a result of increasing
attempts to regulate energy use and increasing awareness of the need to
conserve energy. Both subsidies and extensive demonstration projects have
helped to boost the deployment of energy management systems in the country.
Therefore, it is anticipated that the Japanese energy management systems market
would significantly in the years to come.
Software is anticipated to observe the fastest growth rate in the
component segment over the forecasted period. The software component of energy
management systems includes application programs for network analysis of the
required facilities. The application programs run in real time and extend a
real-time environment to keep the power system in its operating state. The
software provides real-time metering, utility bill tracking, and other such
information.
Triton’s report assesses the market based on
component, type, and end-user. Here, the component segment comprises software, hardware, and services.
The acclaimed companies in the energy management
systems market include Schneider Electric, Eaton Corporation Plc, GridPoint,
Cisco Systems Inc, Rockwell Automation Inc, Enel X, Broadcom Inc, Emerson, and
Dexma.
Founded in 1892, General Electric Company is one
of the key companies offering energy management systems. Its primary business
divisions are Healthcare, Aviation, Power, and Renewable Energy. The $15
billion renewable energy division of the company has one of the widest
portfolios on the market. Further, General Electric has more than 60 industrial
and technical facilities dedicated to this division. Hydro, wind power, onshore
wind, offshore wind, hybrid, and grid-based technologies are all part of the
renewable energy portfolio.
In 2021, General Electric Company completed the acquisition of the grid
management software company Opus One.
Key deliverables of the
report:
● Market CAGR during the forecasting years 2022-2028
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the energy management systems market revenue growth in Asia-Pacific and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces Model
●
A wide-ranging study of factors that will challenge the
Asia-Pacific energy management systems market’s growth during the upcoming
years
Want to get specific insights? Our team of analysts can customize this
report based on your preferences. Connect with us here.
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VIEW REPORT1. ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET – SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
OF COVID-19 ON THE ENERGY MANAGEMENT SYSTEMS MARKET
2.2. KEY
INSIGHTS
2.2.1. ADOPTION
OF SMART GRID TECHNOLOGIES
2.2.2. GOVERNMENT
INITIATIVES FOR SUSTAINABLE ENERGY AND ENERGY EFFICIENCY
2.2.3. GROWING
APPLICATIONS OF ENERGY MANAGEMENT SYSTEMS IN BUILDINGS
2.3. PORTER’S
FIVE FORCES ANALYSIS
2.3.1. THREAT
OF NEW ENTRANTS
2.3.2. THREAT
OF SUBSTITUTES
2.3.3. BARGAINING
POWER OF BUYERS
2.3.4. BARGAINING
POWER OF SUPPLIERS
2.3.5. THREAT
OF COMPETITIVE RIVALRY
2.4. KEY
IMPACT ANALYSIS
2.4.1. PERFORMANCE
2.4.2. SYSTEM
UTILITY
2.4.3. RETURN
ON INVESTMENT
2.5. MARKET
ATTRACTIVENESS INDEX
2.6. VENDOR
SCORECARD
2.7. REGULATORY
FRAMEWORK
2.8. KEY
MARKET STRATEGIES
2.8.1. ACQUISITIONS
2.8.2. PRODUCT
LAUNCHES & DEVELOPMENTS
2.8.3. PARTNERSHIPS
& AGREEMENTS
2.8.4. BUSINESS
EXPANSIONS & DIVESTITURES
2.9. MARKET
DRIVERS
2.9.1. INCREASED
EMS ADOPTION DUE TO INCREASING ENERGY CONCERNS
2.9.2. RISING
INVESTMENTS TOWARDS INCREASING ENERGY EFFICIENCY
2.9.3. NEED
FOR SUPPORTING RAPIDLY GROWING INFRASTRUCTURE
2.10. MARKET
CHALLENGES
2.10.1. HIGH
CAPITAL REQUIREMENT FOR DEPLOYMENT
2.10.2. LACK
OF SKILLED PERSONNEL
2.11. MARKET
OPPORTUNITIES
2.11.1. HOME
EMS GAINING TRACTION IN THE MARKET
2.11.2. GROWING
APPLICATIONS OF EMS IN THE ENERGY AND POWER SECTOR
2.11.3. SENSOR-BASED
EMS TOOLS TO ACHIEVE SIGNIFICANT GROWTH
3. ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET OUTLOOK – BY TYPE
3.1. INDUSTRIAL
EMS
3.2. BUILDING
EMS
3.3. HOME
EMS
4. ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET OUTLOOK – BY COMPONENT
4.1. HARDWARE
4.1.1. SENSORS
4.1.2. ACTUATORS
4.1.3. CONTROLLERS
4.1.4. THERMOSTATS
4.1.5. OTHER
HARDWARE COMPONENTS
4.2. SOFTWARE
4.3. SERVICES
4.3.1. MONITORING
& CONTROL
4.3.2. IMPLEMENTATION
& INTEGRATION
4.3.3. MAINTENANCE
4.3.4. CONSULTING
& TRAINING
5. ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET OUTLOOK – BY END-USER
5.1. POWER
& ENERGY
5.2. TELECOM
& IT
5.3. MANUFACTURING
5.4. RETAIL
& OFFICES
5.5. HEALTHCARE
5.6. OTHER
END-USERS
6. ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET – COUNTRY OUTLOOK
6.1. CHINA
6.2. JAPAN
6.3. INDIA
6.4. SOUTH
KOREA
6.5. ASEAN
COUNTRIES
6.6. AUSTRALIA
& NEW ZEALAND
6.7. REST
OF ASIA-PACIFIC
7. COMPETITIVE
LANDSCAPE
7.1. GENERAL
ELECTRIC COMPANY
7.2. HONEYWELL
INTERNATIONAL INC
7.3. IBM
CORPORATION
7.4. SIEMENS
7.5. SCHNEIDER
ELECTRIC
7.6. ROCKWELL
AUTOMATION INC
7.7. CISCO
SYSTEMS INC
7.8. EATON
CORPORATION PLC
7.9. EMERSON
7.10. JOHNSON
CONTROLS INC
7.11. DEXMA
7.12. ENERGY
HUB
7.13. GRIDPOINT
7.14. UPLIGHT
7.15. ENEL
X
7.16. C3
AI
7.17. BROADCOM
INC
8. RESEARCH
METHODOLOGY & SCOPE
8.1. RESEARCH
SCOPE & DELIVERABLES
8.2. SOURCES
OF DATA
8.3. RESEARCH
METHODOLOGY
TABLE 1: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
TABLE 2: VENDOR
SCORECARD
TABLE 3: REGULATORY
FRAMEWORK
TABLE 4: LIST OF
ACQUISITIONS
TABLE 5: LIST OF
PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 6: LIST OF
PARTNERSHIPS & AGREEMENTS
TABLE 7: LIST OF
BUSINESS EXPANSIONS & DIVESTITURES
TABLE 8: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 9: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 10: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 11: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY SOFTWARE, 2022-2028 (IN $ MILLION)
TABLE 12: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
TABLE 13: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 14: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2022-2028 (IN $ MILLION)
TABLE 15: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2022-2028 (IN $ MILLION)
TABLE 16: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
TABLE 17: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
TABLE 18: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USER, 2022-2028 (IN $ MILLION)
TABLE 19: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY COUNTRY OUTLOOK, 2022-2028 (IN $ MILLION)
FIGURE 1: KEY BUYING
IMPACT ANALYSIS
FIGURE 2: MARKET
ATTRACTIVENESS INDEX
FIGURE 3: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY TYPE, 2021 & 2028 (IN %)
FIGURE 4: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY INDUSTRIAL EMS, 2022-2028 (IN $ MILLION)
FIGURE 5: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY BUILDING EMS, 2022-2028 (IN $ MILLION)
FIGURE 6: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY HOME EMS, 2022-2028 (IN $ MILLION)
FIGURE 7: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY COMPONENT, 2021 & 2028 (IN %)
FIGURE 8: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2022-2028 (IN $ MILLION)
FIGURE 9: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY HARDWARE, 2021 & 2028 (IN %)
FIGURE 10: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY SENSORS, 2022-2028 (IN $ MILLION)
FIGURE 11: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY ACTUATORS, 2022-2028 (IN $ MILLION)
FIGURE 12: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY CONTROLLERS, 2022-2028 (IN $ MILLION)
FIGURE 13: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY THERMOSTATS, 2022-2028 (IN $ MILLION)
FIGURE 14: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY OTHER HARDWARE COMPONENTS, 2022-2028 (IN $
MILLION)
FIGURE 15: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, 2022-2028 (IN $ MILLION)
FIGURE 16: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY SERVICES, 2021 & 2028 (IN %)
FIGURE 17: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY MONITORING & CONTROL, 2022-2028 (IN $
MILLION)
FIGURE 18: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY IMPLEMENTATION & INTEGRATION,
2022-2028 (IN $ MILLION)
FIGURE 19: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY MAINTENANCE, 2022-2028 (IN $ MILLION)
FIGURE 20: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY CONSULTING & TRAINING, 2022-2028 (IN $
MILLION)
FIGURE 21: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY END-USER, 2021 & 2028 (IN %)
FIGURE 22: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY POWER & ENERGY, 2022-2028 (IN $
MILLION)
FIGURE 23: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY TELECOM & IT, 2022-2028 (IN $ MILLION)
FIGURE 24: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY MANUFACTURING, 2022-2028 (IN $ MILLION)
FIGURE 25: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY RETAIL & OFFICES, 2022-2028 (IN $
MILLION)
FIGURE 26: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY HEALTHCARE, 2022-2028 (IN $ MILLION)
FIGURE 27: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, BY OTHER END-USERS, 2022-2028 (IN $ MILLION)
FIGURE 28: ASIA-PACIFIC
ENERGY MANAGEMENT SYSTEMS MARKET, COUNTRY OUTLOOK, 2021 & 2028 (IN %)
FIGURE 29: CHINA ENERGY
MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)
FIGURE 30: JAPAN ENERGY
MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)
FIGURE 31: INDIA ENERGY
MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)
FIGURE 32: SOUTH KOREA
ENERGY MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)
FIGURE 33: ASEAN
COUNTRIES ENERGY MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)
FIGURE 34: AUSTRALIA
& NEW ZEALAND ENERGY MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)
FIGURE 35: REST OF
ASIA-PACIFIC ENERGY MANAGEMENT SYSTEMS MARKET 2022-2028 (IN $ MILLION)