The Industrial Energy Management System (IEMS) Market is expected to grow from USD 24.50 Billion in 2022 to USD 33.40 Billion by 2030, at a CAGR of 4.50% during the forecast period.
The Industrial Energy Management System (IEMS) market is expected to grow at a CAGR of 9.2% from 2020 to 2027. IEMS solutions help to manage and optimize energy consumption in industrial facilities such as manufacturing plants, warehouses, and other industrial units. The market size for IEMS was valued at USD 14.52 billion in 2019 and is expected to reach USD 29.89 billion by 2027. The increasing need for energy efficiency and sustainable development, rising energy costs, and stringent government regulations are the major drivers fueling the growth of the IEMS market. North America is expected to hold the largest share of the market due to the presence of major industrial players in the region.
The objective of report is to define, segment, and project the market on the basis of product type, application, and region, and to describe the content about the factors influencing market dynamics, policy, economic, technology and market entry etc.
Industrial Energy Management System (IEMS) is a system used to monitor and optimize energy consumption in industries for efficiency and cost reduction. The global IEMS market research report segments this market by type, namely software, service, and hardware, and by application, including Automotive, Electronics, Food & Beverage, Mining, Oil & Gas, Petrochemicals, and Chemicals. The major regions covered in this report are North America, Asia Pacific, Middle East, Africa, Australia, and Europe. The major players in this market are Cisco, Siemens, General Electric, Schneider Electric, ABB, Eaton, Johnson Controls, Honeywell, Rockwell, EFT, Azbil, IBM, Emerson Electric, Delta Electronics, DEXMA, Yokogawa Electric Corporation, GridPoint, CET, and POWERTECH. Regulatory and legal factors specific to market conditions are also taken into consideration in this report. The IEMS market research report analyzes and highlights key market trends, challenges, and opportunities for growth in this market.