What are the Top 10 Energy Management System Companies in the World?

04 Nov, 2022 | Blogs

The energy management system is a platform-independent, information technology-assisted analytic tool used to achieve energy efficiency by optimizing the processes of the system's constituent components. Energy management systems employ a structured approach to energy efficiency and are preferable to ad hoc or conventional project-based techniques for enhancing energy performance. These systems often include best practices in project management, energy monitoring, and energy awareness, as well as an energy policy that controls an organization's approach to energy consumption and performance. This is advantageous to an organization since it enables considerable, long-lasting energy savings.

The increasing demand for real-time monitoring and evaluation of energy consumption patterns in industrial sectors, particularly manufacturing and power & energy firms, is anticipated to propel the growth of these systems in the coming years. The energy management systems result in a substantial increase in energy performance compared to the essential energy baseline. In addition, they design a policy for the efficient use of energy, maintain the efficiency of the total project return on investments, and generate data to better comprehend and make energy consumption-related decisions.

energy management system market Stimulants

Market Stimulants

Energy is the primary fuel for economic and social progress. All sectors require energy to function, and due to highly competitive marketplaces and technological improvements, there is constant energy demand. Regulators and policymakers have been authorizing steps to enhance energy efficiency and promote smart grids to transition to more sustainable energy systems. As building owners become more cognizant of the need to implement energy-efficient solutions, the residential sector is also undergoing enormous energy-related transformations. Residential sector expansion in the United States is anticipated to be driven by favorable government incentives. Energy management systems display data on energy use at the equipment level to optimize processes and increase energy efficiency.

Cloud-based energy management solutions enable remote control of HVAC and other energy-consuming equipment, as well as the collection of detailed and real-time data for energy-consuming electronic devices and home appliances. Multiple sensor- and actuator-based gadgets are installed in smart buildings to remotely regulate the connection of electrical load depending on consumer preferences or utility decisions necessitating the smart meter. The rising deployment of smart grids and smart meters has the potential to propel the global market for energy management systems. Regional governments worldwide have adopted the rules and regulations for promoting energy-saving awareness. These regulations and policies serve as an impetus for the market for energy management systems.

Energy prices vary as a result of changes in supply and demand. When the energy supply increases, energy prices tend to decrease, and when the energy supply decreases, energy prices tend to rise. Extreme weather conditions, energy surplus, and economic considerations influence energy prices. Rising energy demand and prices result from expanding economies and increasing infrastructural needs. Most of the world's energy is generated by fossil fuels like coal and natural gas. Energy costs can be decreased relative to the impact of rising energy demand if energy consumption is dramatically lowered across multiple markets. Consequently, issues such as limited energy supply and increasing energy costs due to volatile energy prices are expected to drive the energy management system market.

 

Top 10 Companies in the Global Energy Management System Market

  1. ABB Ltd

ABB Ltd

ABB Ltd. manufactures power and automation products, including motors, generators, programmable logic controllers, robotics, and variable speed drives. The organization consists of three primary divisions: Electrification Products, Industrial Automation, and Robotics and Motion. The company offers surge protection devices through its subsidiary, Thomas & Betts Corporation, under its Electrification Products division. These goods are sold and marketed by its direct sales team and third-party channel partners, including wholesalers, distributors, machine builders, installers, original equipment manufacturers, and system integrators. The company has an established presence in numerous geographic regions, including North America, Europe, Asia-Pacific, the Middle East, and Africa.

Recent News:

  • In 2022, ABB Ltd. and Microsoft to collaborate and help accelerate global energy efficiency and carbon reduction progress.
  1. C3.ai, Inc

C3.ai, Inc

C3.ai, Inc. provides industrial AI software in the market for energy management systems. C3 Energy Management is a PaaS-based, full-stack IoT development platform that enables quick designing, development, and deployment of enterprise apps utilizing machine learning, big data, elastic cloud computing, telemetry, analytics, and social human-computer interaction models. C3 Energy Management provides smart grid analytics as SaaS and aids in harnessing the potential of big data, smart grid analytics, and cloud computing to enhance the safety, dependability, and efficiency of electricity generation and distribution. In North America, C3.ai, Inc. offers its products to incumbents in various industries and industrial verticals, such as oil & gas, electric power, and natural gas distribution.

Recent News:

  • In 2022, C3.ai, Inc. unveiled a new supply chain software tool developed in cooperation with Google Cloud to solve today's disrupted global supply networks.
  1. Daikin Industries Ltd

Daikin Industries Ltd

Daikin Industries Ltd sells and markets innovative air conditioning services and products. Refrigeration and air conditioning products are among the company's offerings. In addition to robotic vacuum cleaners and cordless vacuum sweepers, the company offers smart bracelets, air purifiers, sound bars, Bluetooth speakers, health monitoring wristbands, and robotic vacuum cleaners. The company's clientele includes suppliers of electrical, plumbing, hardware wholesalers, and air conditioning equipment. Geographically, the corporation has a presence in North America, Europe, Asia-Pacific, Latin America, the Middle East, and Africa. The organization has more than 77 manufacturing lines located throughout the world.

Recent News:

  • In 2022, Daikin Industries Ltd acquired the Italian hydraulic equipment manufacturer Duplomatic MS S.P.A.
  1. Elster Group GmbH

Elster Group GmbH

Elster Group GmbH focuses on delivering gas, electricity, and water meters, in addition to communication, networking, and software applications for residential, commercial, and industrial uses. In addition to providing building management and metering systems for industrial, commercial, and residential applications, Elster Group GmbH is renowned for its expertise in these areas. The company's solution offering includes Elster Gas solutions, Elster Electricity solutions, and Elster Water solutions. EnergyICT, a division of Elster Electricity, is responsible for offering hardware and software solutions and services for energy management. Elster Group GmbH was originally a wholly-owned subsidiary of the U.K.-based investment corporation Melrose Industries, Plc. In December 2015, Honeywell, Inc. bought Elster Group GmbH. Elster Group GmbH maintains regional headquarters in South Africa, India, China, South Korea, France, Denmark, the United Arab Emirates (UAE), the United States, and Brazil.

  1. Emerson Electrical Co

Emerson Electrical Co

Emerson Electrical Co. manufactures and designs electrical and electronic equipment and provides related services to the commercial, industrial, and consumer industries. The corporation was once known as the Emerson Electric Manufacturing Company; in 2000, it was renamed Emerson Electric Co. The company's business divisions comprise Automation Solutions and Commercial & Residential Solutions, which correspond to the company's goods and services. The company's global network of production and distribution locations provides process management systems, industrial automation services, and commercial and residential solutions. The business markets its products under various brand names: AMS Suite, Bettis, CSI Technologies, Daniel, DeltaV, and Fisher Regulators. The corporation is in the United States, Canada, Asia-Pacific, Europe, the Middle East, Africa, and Latin America.

Recent News:

  • In 2022, Emerson Electrical Co acquired Fluxa. The acquisition enhances Emerson's leading software and solutions portfolio and its life sciences expertise.
  • In 2022, Emerson Electrical Co released the TESCOMä Anderson Greenwood Instrumentation H2 Valve Series. The innovative technology reliably separates process pressure in high-pressure gas operations like hydrogen filling stations and tube trailers, thereby decreasing fugitive emissions and enhancing safety.
  1. General Electric

General Electric

General Electric is an international corporation. Aviation, healthcare, lighting, power, energy, transportation, and finance are among the many industries in which the business operates. It operates in over 130 nations, including the United States, Canada, Brazil, Mexico, France, Germany, the United Kingdom, Switzerland, India, China, Japan, the Philippines, Malaysia, Australia, Israel, Jordan, Egypt, and South Africa. The company's primary subsidiaries are Baker Hughes, GE Healthcare, Nuovo Pignone S.p.A., CFM International, Meridium, and Concept Laser GmbH. The company's business has been divided into eight divisions: Power, Renewable Energy, Aviation, Oil & Gas, Healthcare, Transportation, Lighting, and Capital. The company sells gas detection devices in the power business sector. General Electric Company prioritizes innovation through research and development, thereby gaining a competitive advantage. It devotes approximately one-fifth of its expenses to research and development, which has proven essential in creating new technology.

Recent News:

  • In 2022, General Electric and Ernst & Young LLP announced a partnership to assist businesses in transforming their manufacturing operations. The agreement combines the sector expertise and technology consulting services of EY US with GE's deep digital technologies and more than a century of manufacturing experience.
  1. Honeywell International Inc

Honeywell International Inc

Honeywell International Inc. is involved in developing and marketing technologies that address the critical concerns of productivity, safety, wellbeing, energy, and urbanization worldwide. The company's business segments are aerospace, Home and Building Technologies, Performance Materials and Technologies, and Safety and Productivity Solutions. The aerospace market sells services, software, and goods for vehicles and airplanes to Original Equipment Manufacturers (OEMs) such as aircraft operators and truck manufacturers. The Home and Building Technologies segment covers goods including home automation displays and controls, lighting, humidification, combustion, ventilation, and indoor air quality. Ingenious components, automation systems, and process technologies are developed and produced by the Performance Materials and Technologies section. The Safety and Productivity Solutions division offers linked solutions, software, and devices that enhance asset performance, workplace safety, and productivity.

Recent News:

In 2022, Honeywell International Inc. announced that the company and DENSO are collaborating to develop an electric motor for the Lilium Jet.

  1. IBM Corporation

IBM Corporation

International Business Machines Corporation is a leading provider of cloud platforms and cognitive technologies. The company focuses on offering customers software-defined networking solutions. Numerous industries choose the IBM cloud due to its adaptable software and safe hardware. Global Main Services (GBS), cognitive solutions, systems, global financing, and technology services & cloud platforms are the company's four business segments. In the GBS segment, application management and consulting services are provided. The cognitive solutions section offers a variety of AI capabilities that aid businesses in gaining essential insights from corporate data and making sound business decisions. The systems and worldwide financing division deliver infrastructure-based solutions to meet client requirements for cognitive workload, a hybrid cloud for analytics, and mobile transaction security. The branch of technology services and cloud platforms provide IT infrastructure services.

Recent News:

  • In 2022, IBM Corporation announced the development of a new 33-month work order according to its agreement with the Defense Microelectronics Activity (DMEA) to offer security services designed to improve the Department of Defense's (DoD) microelectronics supply chain for mission-critical platforms.
  1. Johnson Controls, Inc.

Johnson Controls, Inc.

The Johnson Controls, Inc. conglomerate specializes in designing and manufacturing electronics, HVAC equipment, and automotive parts. The business caters to the healthcare, transportation, residential, construction, finance, education, government, automotive, and power & utilities industries. It has more than 2,000 manufacturing locations in the Americas, Europe, Asia-Pacific, the Middle East, and Africa. It offers HVAC equipment, fire detection, fire suppression, distributed energy storage, digital solutions, batteries, industrial refrigeration, building & automation controls, residential & smart homes, security, and retail solutions. Johnson Controls, Inc. offers solutions for building automation technologies, including field equipment controllers, advanced reporting systems, data servers, smoke control systems, network engines, and wireless systems.

Recent News:

  • In 2022, Johnson Controls, Inc and Accenture to establish two new Johnson Controls OpenBlue Innovation Centers, which will foster the development of AI-enabled building control system services and products.
  1. Schneider Electric SE

Schneider Electric SE

Schneider Electric SE provides many sectors with energy management and automation solutions. The business is divided into four segments: Medium Voltage, Low Voltage, Secure Power, and Industrial Automation. Under its Low Voltage division, it delivers surge protection devices. Direct sales and third-party channel partners like distributors, wholesalers, original equipment manufacturers (OEMs), machine builders, installers, and system integrators are primarily responsible for the sales and marketing of these items.

Recent News:

  • In 2022, Schneider Electric SE launched its omnichannel retail outreach called Schneider Electric SE Retail Pavilion in India.


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ABOUT THE AUTHOR(S)

Husain Imran
Husain is a Director in Straits Research. He has been helping Enterprise Tech companies with GTM strategies and audience building for more than a decade. Being an active leader in the domain registry and web hosting space, he leverages his wide reach and network in helping companies to navigate through digital challenges and mitigate cyber risks through consulting.
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