An energy management system (EMS) is a computer-aided tool that the operators of electric utility grids use for the purpose of monitoring and managing the performance of generating and/or transmission networks. EMSs are also known as energy optimization systems (OESs).
According to the International Organization for Standardization (ISO), the components of an energy management system include defining and implementing an energy strategy, establishing energy use targets that are attainable, designing action plans to achieve them, and tracking progress toward achieving the targets. In order to cut down on energy costs, some potential solutions include introducing innovative equipment that is more energy-efficient, cutting down on energy waste, or improving existing operations.
In 2021, the Europe energy management systems (EMS) market size was estimated to be around billion dollars, and it is anticipated that this figure will increase to billion dollars by 2030. During the period covered by the forecast (from 2022 to 2030), it is anticipated that the market will expand at a compound annual growth rate of apporx. 14%. A framework for controlling energy consumption by energy users, such as industrial, commercial, and public sector organisations, is referred to as an energy management system (EMS). It provides assistance to enterprises in the process of locating and developing energy-saving technology, particularly that which does not necessarily call for a big initial investment. To properly construct an emergency management system (EMS), specific expertise and extensive training of staff are typically required.
Europe Energy Management System (EMS) is not limited to energy-saving efforts that are adopted to save the available energy. Rather, it is a broader concept that deals with the process of controlling, monitoring, and conserving energy in the public or government sector, as well as in businesses, organisations, and even residential buildings. This can be done in order to save the available energy.
In addition, the rising adoption of smart grid services, the intensifying competition among industrial businesses, the cost effectiveness of these solutions, which is driving demand from developing countries, as well as policies and incentives implemented by governments are some of the factors that are contributing to the expansion of the market.
In addition, the manufacturing sector of Europe accounted for a considerable part of the market among the end-user verticals. This is because the manufacturing plants in this sector have equipment installed that operates constantly, which is essential to the plant operations. Because of the stringent rules addressing environmental emissions, businesses are putting in the effort to lessen their carbon footprint by establishing energy management systems as a result of the legislation.
In comparison to other regions, Europe's laws and policies regarding emissions and energy consumption are among the most stringent in the world. Because of these regulations, the construction industry is under increased pressure to construct new buildings and renovate existing ones in a way that is compliant with these standards.
According to the mandate issued by the government of the United Kingdom, energy providers are required to install smart metres in a total of 26 million households, with the ultimate goal of equipping each and every home in England, Wales, and Scotland with a smart metre by the year 2020.
The acceleration of the roll-out of smart metres, growing awareness of the energy crisis, and the European directive to reduce 80 percent of carbon emission by 2050 have been identified as the primary factors that are influencing the growth of home energy management systems in the United Kingdom. In addition, this growth has been influenced by the European directive.
The French government had announced plans for a programme that would invest 15 billion US dollars in digital infrastructure, with some of that money going toward the purchase of smart metres. Through the national utility Électricité de France (EDF), it planned to install three million smart metres by 2016, with the goal of scaling up to thirty-five million metres by the year 2020, so contributing to the expansion of the market for energy management systems.
As a result of the developing pandemic and efforts to prevent the illness from spreading throughout the country, the majority of the industry's operations were halted, and the upgradation activities were postponed. This had a negative influence on the sector.
Based on products, the Europe energy management systems (EMS) market has been divided into three categories: industrial energy management systems (IEMS), building energy management systems (BEMS), and home energy management systems (HEMS). During the projected period, the industrial energy management systems (IEMS) sector is likely to dominate the worldwide market. For monitoring real-time power consumption trends and minimising costs, EMS has a considerable market share in the industrial sector, notably in the manufacturing and power industries.
Due to growing deployment of the system in business parks, hospitals, shopping malls, IT enterprises, and other commercial areas, the building energy management systems (BEMS) product market is predicted to grow considerably throughout the forecast period. The increased awareness of smart energy management and power savings among manufacturers is moving this industry forward.
On the basis of components, the energy management systems (EMS) market has been divided into controllers, batteries, sensors, software, display devices, batteries, and others. During the projected period, the software component segment is likely to dominate the worldwide market. Integration of data analytics software into existing modules has been one of the industry's important achievements throughout time. BuildingIQ and Ecova, for example, have developed industry-specific software platforms that allow organisations to run programmes and algorithms for improved outcomes. As a result, market growth is projected to be fueled by increased software use in energy management systems.
Based on verticals, the energy management systems (EMS) market is divided into telecom & IT, power & energy, retail & offices, healthcare, manufacturing, and others. During the projected period, the power & energy category is expected to dominate the worldwide market. The rising need for energy consumption monitoring in a variety of industries, including power generation, oil and gas, chemical, and petrochemical complexes, has resulted in the monetization of energy management system modules.
The retail & offices category is expected to grow at the quickest rate throughout the projection period, thanks to energy-efficiency management techniques implemented by various firms. Increasing awareness of the benefits of energy management and growing enterprises employing it to enhance efficiency and lower operating costs will drive growth during the projected period.
The Europe energy management systems (EMS) market in Europe is projected to expand at a steady rate over the next several years as a result of government initiatives such as Electricity and Monitoring Systems and Neighbourhood Oriented Brokerage. Growth in the regional market is likely going to be driven by countries like Germany, the United Kingdom, and France, who have a strong desire to cut back on energy waste.
Since 2010, Germany has been concentrating on long-term energy sustainability. The government approved the Energy Concept, a strategic blueprint for renewable energy implementation. This strategy lays forth a plan for the year 2050, with renewable energy as the cornerstone.
Through the National Action Plan Energy Efficiency plan, which covers the funding of programmes for energy efficiency measures and energy audits, the German government is on track to become one of the world's most energy-efficient and ecologically friendly countries.
Furthermore, the area is working to improve its energy management system by reimbursing the EEG fee in line with the German Renewable Energy Act and obtaining ISO 50001, a framework for the supply, use, and consumption of energy in industrial, commercial, and institutional organisations.
Furthermore, according to Deos AG, buildings consume around 40% of total energy in Germany. This is where cutting-edge energy management systems may provide the ideal framework for significantly increased building energy efficiency. They save energy, improve building occupant comfort, and preserve resources.
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, Environment & Regulatory Landscape and Trends|
February 2020- Castle Development and Schneider Electric Egypt signed an agreement to provide an energy management system for the Castle Landmark compound, manage the project's infrastructure, rationalise energy consumption, and provide safe, efficient, and environmentally friendly products such as heating systems, water, and natural gas networks, solar panels, heating systems, internet, traffic control systems, and electric vehicle charging stations.
January 2020- The Enel Group and Infracapital, one of Europe's top infrastructure investment funds, have agreed to expand the Cogenio distributed generation and energy conservation strategic collaboration through a new business that will operate throughout Spain.