Global sales of energy intelligence solutions are anticipated to reach US$ 4.6 billion in 2022 and US$ 6.1 billion in 2032. It is anticipated that it would grow at a CAGR of 15.2% between 2022 and 2032. The energy intelligence solutions provide intelligent energy crisis management. Energy intelligence solutions include tools and services for gathering and analysing energy data.
Energy intelligence solutions are now a part of energy management solutions. It has two advantages over energy management software: first, it provides intelligence to reduce energy waste in addition to being a tool for viewing metre data.
Furthermore, it offers comprehensive subject-matter expertise for managing energy using the obtained energy data. Energy intelligence solutions provide support for open standards, the ability to quantify and validate results, data insights and analysis, portability and accessibility, automation and control, and an integrated platform. The food and beverage, automotive, metal manufacturing, oil and gas, petrochemicals, electronics and telecommunications, utilities, and other industries all use energy intelligence systems.
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Global Energy Intelligence Solution Market Segmentation
The global energy intelligence solution market is segmented based on service type, deployment model and end-user. Based on service type, the global energy intelligence solution market is segmented into – system integration services, consulting services, and support & maintenance services. Energy intelligence solutions are segmented into two ways by which they can be deployed – on-premise deployment and cloud-based deployment.
Energy intelligence solutions provide assistance for energy saving along different industry verticals. Various end-users of energy intelligence solutions are residential buildings, offices & commercial areas, manufacturing units and others.
Global Energy Intelligence Solution Market: Region-wise Outlook
The global energy intelligence solution market is divided into seven geographical regions – North America, Latin America, Asia-Pacific Excluding Japan (APEJ), Japan, Eastern Europe, Western Europe and Middle East & Africa. The global energy intelligence solution market is expected to reflect a double-digit CAGR over the forecast period. At present, North America is dominating the market followed by Western Europe.
Among all the regions, APEJ is expected to create huge market opportunities for major players operating in the energy intelligence solution market during the forecast period. Latin America and Middle East & Africa regions are reflecting comparatively slow growth during the forecast period.
Global Energy Intelligence Solution Market: Drivers
Increasing energy consumption and the rising need for advanced energy management solutions for residential, commercial and industrial areas are the prominent factors responsible for the evolution of energy intelligence solutions. Organizations around the world are focusing on significantly reducing their energy consumption bills through efficient utilization of energy.
Energy-intensive applications such as power & energy, industrial manufacturing and telecommunication need to control their CO2 emissions to comply with existing legislation and standards. Energy intelligence solutions not only provide a competitive advantage to business but also extends their responsibility towards sustainable economic development.
The aforementioned are some of the factors that are expected to drive the global energy intelligence solution market growth in the near future. On the other hand, a long period of return on investment, lack of knowledge and difficulties in handling technical issues related to energy intelligence solutions limits its full-fledged market growth.
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Global Energy Intelligence Solution Market: Key Players
The energy intelligence solution market is highly competitive and diversified, characterised by the active presence of many big players. EnerNOC, Inc., Rockwell Automation, Schneider Electric, and GridPoint, Inc are some of the major players in the global energy intelligence solution market.
Key Segments Profiled in the Energy Intelligence Solution Industry Survey
By Service Type:
- Support and Maintenance Service
- Consulting Services
- System Integration Service
By Deployment Model:
- Cloud-based
- On-Premise
By Industry Vertical:
- Manufacturing Units
- Offices and Commercial Areas
- Residential Buildings
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favour the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.
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