Energy Intelligence Solution Market will Reach a Value of US$ 6.1 Billion by 2032 at a CAGR of 15.2% | FMI

The size of the global market for energy intelligence solutions is anticipated to be US$ 4.6 billion in 2022 and US$ 6.1 billion in 2032. In the forecast period from 2022 to 2032, it is predicted to expand at a CAGR of 15.2%. Sales of energy intelligence solutions will be boosted by the rising demand for smart meters to start two-way communication between customers and businesses.

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 meter data.

Furthermore, it offers comprehensive subject-matter expertise for managing energy using the obtained energy data. Support for open standards, the ability to measure and verify results, insights, and analysis of recorded data, portability and accessibility, automation and control, and an integrated platform are all features of energy intelligence solutions. Food and beverage, automotive, metal manufacturing, oil and gas, petrochemicals, electronics and telecommunications, utilities, and other industries employ energy intelligence systems.

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Global Energy Intelligence Solution Market Segmentation

On the basis of service type, deployment model, and end-user, the global market for energy intelligence solutions is divided into subgroups. The global market for energy intelligence solutions is divided into three categories based on service types: consultancy services, support & maintenance services, and system integration services. There are two categories of deployment for energy intelligence solutions: on-premises deployment and cloud-based deployment.

Energy intelligence solutions help with energy savings across numerous industry sectors. Residential structures, office and commercial spaces, manufacturing facilities, and other buildings are among the end customers of energy intelligence solutions.

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 opportunity 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 forecast period.

Global Energy Intelligence Solution Market: Drivers

Increasing energy consumption and rising need for advanced energy management solutions for residential, commercial and industrial areas are the prominent factors responsible for 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 in order to comply with existing legislation and standards. Energy intelligence solutions provide competitive advantage to business and extend its responsibility toward sustainable economic development.

The aforementioned are some of the factors that are expected to drive the global energy intelligence solution market growth in near future.On other hand, long period on return of 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 a highly competitive and diversified market, characterized by 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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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