The industrial sector is the most valuable within the global energy management systems market. In 2020, this sector had a market value of an estimated 4.43 billion U.S. dollars. This figure is expected to grow significantly in the next five years and forecasted to reach 12.37 billion U.S. dollars by 2025. North America is the largest market for energy management systems.

The global renewable energy market is expected to continue its upward growth over the next years. According to the Group Next Move Strategy Consulting, the market will reach over two trillion U.S. dollars by 2030. Environmental concerns regarding fossil fuels, rapid urbanization, and economic growth in emerging regions are all major factors that are contributing to the projected market growth.

The electricity generation market was valued at approximately 1.6 trillion U.S. dollars in 2023. The market is forecast to grow at a compound annual growth rate of 4.8 percent between 2024 and 2031, and surpass 2.16 trillion U.S. dollars by 2030. The Asia-Pacific region leads the way, accounting for more than half of the global electricity generation market's worth during the analyzed time period. More information on the global electricity generation market value can be found here.

Energy Consulting Market size was valued at around USD 16 billion in 2024 and is projected to reach USD 21 billion by 2030 with a CAGR of around 5%.

According to Cognitive Market Research, the worldwide Energy Management Systems market will be USD 57.31 billion in 2024 and will expand at a compounded annual growth rate (CAGR) of 14.3% from 2024 to 2031. Market Dynamics of Energy Management Systems Market

Key Drivers for Energy Management Systems Market

Government initiatives to combat climate change and improve energy efficiency - Energy-efficient factories use less energy to make things, and power-efficient dwellings and structures use less energy for cooling, heating, and power appliances and electronics. Organizations are understanding the value of advertising their energy conservation measures as the Go Green movement gains traction. Establishing themselves as an environmentally conscious business gives them a competitive advantage by fostering consumer trust and community recognition. Leading international corporations are now deeply committed to sustainable energy and are concentrating on becoming environmentally friendly.
In the ensuing decades, digital technology will revolutionize the global energy system, bringing forth increased connectivity, dependability, and sustainability. Massive data sets, pervasive connectivity, and advances in AI are opening up new commercial opportunities and applications.

Key Restraints for Energy Management Systems Market

Every industry seeks to reduce its expenditures on consumption. Energy management systems are needed to track the energy usage of various machinery and plants. While implementing it may result in significant long-term cost and energy savings, significant upfront investments are necessary.
The main issue with energy efficiency is that small and medium-sized enterprises around the world are largely unaware of it. They are reluctant to spend money on energy-saving devices and need to be made aware of the advantages and policies that energy management systems can help them achieve.

Introduction of the Energy Management Systems Market

Power transmission system operation can be observed, evaluated, and optimized with the use of an EMS. Numerous sectors and EMS implementations use this system extensively. A surge in strategic investments to control energy usage has led to an increase in demand across public, commercial, residential, and industrial sectors of businesses. Regional governments all over the world have passed several rules and regulations to lower energy usage and raise public awareness of energy conservation. The EMS market is propelled forward by these laws and policies in sectors including the commercial, residential, and industrial ones. Governments in several nations are pursuing decarbonization, which entails many procedures. Many nations have implemented or are in the process of implementing energy consumption and carbon footprint reduction guidelines and rules in response to the sharp increase in carbon emission rates. Reducing carbon footprints at a reasonable cost can be achieved through efficient energy utilization.

Energy Consulting Service Market size was valued at USD 1.52 Billion in 2024 and is projected to reach USD 5.90 Billion by 2031, growing at a CAGR of 20.32% during the forecast period 2024-2031.

Global Energy Consulting Service Market Drivers

1. Technological Progress
A significant motivator is the advancement of energy technologies. An increasingly complicated energy landscape has been brought about by the emergence of smart grids, advanced metering infrastructure (AMI), and renewable energy sources like solar and wind power. For organisations to successfully manage these changes, optimise their energy usage, and integrate new technology, energy consulting services are essential. Furthermore, as energy storage and efficiency technologies improve, they too need professional direction, which is why consulting services are in high demand.

2. Modifications to Policies and Rules
Globally, governments are implementing strict energy rules and regulations in an effort to mitigate climate change and advance sustainability. These consist include requirements for renewable energy, carbon pricing, and emissions trading programmes. Businesses may find it difficult to comply with these requirements, which is why there is a need for energy consultants that can guarantee regulatory compliance while offering strategic counsel. Incentives for renewable energy and energy efficiency initiatives also push businesses to consult experts in order to take advantage of these opportunities.

3. Environmental and Sustainability Issues
One important factor driving the market is the increased focus on sustainability and lowering carbon footprints. Businesses are progressively embracing Environmental, Social, and Governance (ESG) standards and making commitments to sustainable objectives. Energy consultants assist businesses with managing carbon emissions, conducting energy audits, and creating and implementing sustainability programmes. This tendency is especially noticeable in sectors like industry and transportation that use a lot of energy and emit carbon emissions.

4. Financial Gains and Expense Control
For many firms, energy bills represent a substantial expense. Through the adoption of affordable renewable energy solutions, procurement optimisation for energy, and advances in energy efficiency, consulting services assist organisations in lowering these expenses. Businesses invest in energy consulting services due to the possibility of large cost reductions. Furthermore, in order to control risks and ensure stable energy prices, professional guidance is required due to the volatility and price swings of the energy market.

5. Data analytics and digital transformation
The market is changing as digital technology and data analytics are integrated with energy management. Predictive maintenance and more effective energy management are made possible by artificial intelligence, Internet of Things (IoT) devices, and advanced analytics. In order to deliver useful insights, increase operational effectiveness, and improve decision-making processes, energy consultants are essential.

6. Public perception and corporate social responsibility (CSR)
Businesses are becoming more conscious of how sustainable practices can improve their reputation. An organization’s public image can be improved and environmentally conscientious investors and customers can be drawn in with successful energy management and sustainability programmes. Energy consulting services help companies meet certification requirements like ISO 50001 or LEED, report on sustainability data, and create corporate social responsibility (CSR) programmes.

7. The Industrialization and Urbanisation of the World
The need for energy is rising due to rapid industrialization and urbanisation, especially in emerging economies. In order to facilitate sustainable development, this growth calls for effective energy management. Energy consultants offer experience in developing infrastructure that uses less energy, streamlining business operations, and incorporating renewable energy sources into urban planning and development initiatives.

According to Cognitive Market Research, the global Electricity Generation market size will be USD 2154.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.80% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 861.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 646.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 495.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 107.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 43.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2031.
Thermal Generation is the market leader in the Electricity Generation industry

Market Dynamics of Electricity Generation Market

Key Drivers for Electricity Generation Market

Rising need for cooling boosts the electricity generation market

The increased demand for cooling is projected to drive the electricity generating market in the future years. Cooling is the process of lowering the temperature of an object or environment, which is usually accomplished by transporting heat away from the intended location, typically utilizing air or a cooling medium. Power generation can be utilized to cool by running air conditioning (AC) and fans to keep indoor temperatures comfortable. For instance, According to the International Energy Agency, an autonomous intergovernmental body located in France, in July 2023, more than 90% of households in the United States and Japan had an air conditioner. Cooling accounts for around 10% of global electricity use. In warmer countries, this might result in a more than 50% increase in power demand during the summer months. As a result, increased demand for cooling is likely to drive expansion in the power generating industry.

Increasing applications of electricity in the transportation industry

The growing use of energy in the transportation industry is predicted to increase demand for electricity, hence pushing the power generation market. The electrification of railways in underdeveloped and developing countries, the establishment of public transportation networks such as rapid metro transit systems, and the growing use of electric vehicles in developed countries will all create significant market opportunities for power generation companies. For instance, in order to achieve net-zero carbon emissions, the Office of Rail and Road (ORR) predicts that 13,000 track kilometers - or roughly 450 km per year - of track in the UK will need to be electrified by 2050, with 179 km electrified between 2020 and 2021. According to the Edison Electric Institute (EEl), yearly electric car sales in the United States are estimated to exceed 1.2 million by 2025. Electric vehicles are projected to account for 9% of worldwide electricity demand by 2050.

Restraint Factor for the Electricity Generation Market

High initial capital investment for renewable projects

The high initial capital for renewable projects is indeed a limiting factor for the market growth of the electricity generation sector, as most such technologies, infrastructure, and installation depend on significant up-front funding. For instance, most renewable energy technologies are highly capital intensive-solar, and wind, in particular, scares investors away from taking action, especially if they are small or developing firms. There is thus an economic limitation that restricts competition and contributes toward slower development of cleaner energy solutions. Moreover, funding can be quite tricky and challenging-especially for a poor economic climate. The payback times attached to these investment options are long, leading to uncertainty and making stakeholders reluctant to commit. These financial constraints are, therefore, blighting the transition to renewable energy as well as, more broadly, the overall electricity generation market

Impact of Covid-19 on the E...

The global energy price index stood at around 106.9 in 2023. This was a decrease of 45 points compared to the previous year, when fuel and power demand increased as the economies recovered from the coronavirus pandemic. For 2024, forecasts suggest the price index would decrease to 104. Price indices show the development of prices for goods or services over time relative to a base year. Commodity prices may be dependent on various factors, from supply and demand to overall economic growth. Electricity prices around the world As with overall fuel prices, electricity costs for end users are dependent on power infrastructure, technology type, domestic production, and governmental levies and taxes. Generally, electricity prices are lower in countries with great coal and gas resources, as those have historically been the main sources for electricity generation. This is one of the reasons why electricity prices are lowest in resource-rich countries such as Qatar, Russia, and the United States. Meanwhile, many European governments that have introduced renewable surcharges to support the deployment of solar and wind power and are at the same time dependent on fossil fuels imports, have the highest household electricity prices. Benchmark oil prices One of the commodities found within the energy market is oil. Oil is the main raw material for all common motor fuels, from gasoline to kerosene. In resource-poor and remote regions such as Alaska, Hawaii, and Cyprus, it is also one of the largest sources for electricity generation. Benchmark oil prices such as Europe’s Brent, the United States' WTI, or the OPEC basket are often used as indicators for the overall energy price development.

Global Renewable Energy Market reached USD 1.1 trillion in 2022 and is expected to reach USD 2.0 trillion by 2031

Global renewable energy market size will exceed a valuation of USD 2,202.90 billion by 2032, to grow at a CAGR of 8.60% during the forecast period.

Explore the Renewable Energy Market trends! Covers key players, growth rate 9.8% CAGR, market size $1735.29 Billion, and forecasts to 2034. Get insights now!

Global Energy ESO Market is poised to witness substantial growth, reaching a value of USD 18.54 Billion by the year 2033, up from USD 6.51 Billion attained in 2024. The market is anticipated to display a Compound Annual Growth Rate (CAGR) of 12.33% between 2025 and 2033.

The Global Energy ESO market size to cross USD 18.54 Billion by 2033. [https://edison.valuemarketresearch.com/uploads/report_im

Energy Drink Market size was valued at USD 87 billion in 2024 and is projected to reach USD 134 billion by 2030. Along with a CAGR of around 9.02%.

Global Energy Storage Market is anticipated to hit US$221.5 billion by 2023 and is likely to grow at a CAGR of 9.12% over the forecast period 2024-2030.

The global energy supplement market is estimated to be valued at USD 43.7 billion in 2024. Global sales of energy supplements will likely soar at 4.7% CAGR during the assessment period, totaling USD 69.4 billion by 2034.

Attributes	Description
Estimated Global Energy Supplement Market Size (2024E)	USD 43.7 billion
Projected Global Energy Supplement Market Value (2034F)	USD 69.4 billion
Value-based CAGR (2024 to 2034)	4.7%

Country wise Insights

Countries	CAGR 2024 to 2034
United States	5.5%
Germany	4.4%
India	7.2%
Australia	8.1%

Category-wise Insights

Segment	Drink (Product Type)
Value Share (2024)	42.1%

Segment	Adults/Teenagers (End-user)
Value Share (2024)	48.4%

Explore the Energy as a Service Market trends! Covers key players, growth rate 12.5% CAGR, market size $130.57 Billion, and forecasts to 2034. Get insights now!

The Energy Price Forecast dataset provides monthly updates to Platts Analytics' latest outlook, in addition to historical cases that enable users to easily compare how outlook has evolved over time.

According to Cognitive Market Research, the global Solar Energy market size will be USD 95451.6 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.50% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 38180.6 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 28635.4 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 21953.8 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 4772.5 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1909.0 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
The Photovoltaic Systems Technology held the highest Solar Energy market revenue share in 2024.

Market Dynamics of Solar Energy Market

Key Drivers for Solar Energy Market

Increase in energy demand to Increase the Demand Globally

The growth of the global solar energy market is primarily driven by the increasing energy demand due to a surge in population. As the global population continues to rise, especially in developing countries, the energy demand grows proportionally. Urbanization is also accelerating, with more people moving to cities, leading to greater energy needs across residential, commercial, and industrial sectors. This rising energy demand is coupled with a growing emphasis on sustainable solutions due to environmental concerns. Solar energy, as a renewable and eco-friendly source, is well-suited to meet this demand without contributing to greenhouse gas emissions or depleting natural resources. Between 1990 and 2019, the world’s total energy supply (TES) increased by 68.2%, exceeding 600 EJ for the first time. This growth was largely driven by Asia, which accounted for 83.6% of the global increase during this period. China’s TES alone grew 4.5 times, making up over a fifth of the world’s TES by 2019. In 2022, solar PV generation saw a record increase of 270 TWh (up 26%), reaching nearly 1,300 TWh. https://unstats.un.org/unsd/energystats/pubs/documents/2022pb-web.pdf https://www.iea.org/energy-system/renewables/solar-pv

Countries Aiming to Achieve Green Energy Targets to Propel Market Growth

A global energy transition is urgently required to limit the increase in average global surface temperature to below 2°C. Consequently, the installation of renewable energy sources is expected to grow significantly in the coming years, driving market expansion. The shift from fossil fuels to low-carbon solutions will be crucial, as energy-related carbon dioxide emissions account for two-thirds of all greenhouse gases. Government initiatives and new energy targets aimed at promoting sustainable energy have positively influenced market growth. For example, Alberta has set a target for 30% of its electricity to be generated from renewable sources by 2030, with interim goals of 15% by 2022, 20% by 2025, and 26% by 2028. Canada’s current installed capacity includes 21.9 GW of wind energy, solar energy, and energy storage. In 2023, the industry added 2.3 GW of new capacity, including over 1.7 GW of new utility-scale wind, nearly 360 MW of new utility-scale solar, 86 MW of new on-site solar, and 140 MW / 190 MWh of energy storage. https://renewablesassociation.ca/by-the-numbers/ https://cleanenergycanada.org/wp-content/uploads/2023/01/RenewableCost_Report_CleaEnergyCanada_Feb2023.pdf

Restraint Factor for the Solar Energy Market

High Investment and Lack of Infrastructure to Limit the Sales

The overall cost of solar PV systems is higher than that of traditional solar panels, which may limit their adoption in residential buildings with comparatively lower energy needs. For instance, installing 15 ground-mounted solar panels with a capacity of 300 watts each would cost approximately USD 14,625, with an additional USD 500 per panel for the mounting structure. This higher initial cost can lead to reduced utilization of solar p...

The global green energy market size is poised to rise from USD 119.63 billion to USD 379.23 billion, witnessing a CAGR of more than 9.2% throughout the forecast period, between 2025 and 2037. Asia Pacific is predicted to dominate majority industry share by 2037, ascribed to highest utilization and adoption of solar and hydro energy in the region, along with high adoption of green energy in major countries such as China, India, and Japan.

Table of Contents

• Energy Management Information System Market Scope:

The report on Energy Management Information System Market offers in-depth analysis on market trends, drivers, restraints, opportunities etc. Along with qualitative information, this report include the quantitative analysis of various segments in terms of market share, growth, opportunity analysis, market value, etc. for the forecast years. The global energy management information system market is segmented on the basis of type, application, and geography. The worldwide market for Energy Management Information System Market is expected to grow at a CAGR of roughly x.x% over the next ten years, and will reach US$ XX.X Mn in 2028, from US$ XX.X Mn in 2018, according to a new Market.us (Prudour Research) study.

Energy Management Information System Market Scope:

By type, the market is segmented into SCADA, PLC, DCS, Energy Platforms, Energy Analytics, Meter Data Management, EMIS, PLCS, and DRMS. By application, the market is divided into Automotive, Cement, Electronic, Food And Beverages, Metal Manufacturing, Mining And Minerals, Oil And Gas, Paper And Pulp, Petrochemical, and Utility. Read More