GLOBAL BUILDING ENERGY MANAGEMENT SYSTEMS MARKET VALUE, 2013-2021
Although building automation has existed in various forms for many years, the industry is now undergoing unprecedented and rapid change. Today’s energy management systems (EMS) comprise sophisticated software and hardware designed to increase energy efficiency and cost savings in commercial and industrial environments. But how much are organizations will to invest in these new EMS technologies? And how will EMS investments vary between rapidly developing, energy-hungry countries and more mature, developed economies?
Leveraging its modeling expertise, global industry surveys and interviews, and first-hand knowledge of EMS, Zpryme delivers granular EMS projections in its Global Energy Management System Forecast, 2013 – 2021 dataset. This analysis-ready dataset provides detailed information about the year-by-year growth of EMS technologies, including EMS for commercial buildings and EMS for industrial customers. The forecasts are not only segmented by EMS customers, but also by five regions and 14 countries.
The worldwide EMS market is forecasted to grow from $7.7 billion in 2013 to $24.2 billion in 2021. That means an average annual grow rate of 15%.
EMS for industrial customers is expected to grow faster than EMS for commercial buildings. Between 2013 and 2021, industrial EMS will grow 21% per year on average compared to 14% for commercial EMS. However, commercial EMS will be the larger market. Worldwide commercial EMS will reach $19.7 billion in 2021 compared to $4.4 billion for industrial uses.
The U.S., China, Japan and the Germany will be the largest EMS markets. In 2021, the U.S. is forecasted to spend $6.5 billion, followed by China with $3.1 billion, Japan with $1.6 billion, and Germany with $1.5 billion. These four countries will comprise 52% of the worldwide EMS market.
China, France and Mexico are expected to be the fastest-growing EMS markets. Between 2013 and 2021, China will grow 35% per year on average, followed by France with 25%, and Mexico with 22%.