Sustainability & Energy Management Software Market

The rising adoption of sustainability energy management software can be attributed to the increasing focus on environmental issues, such as managing energy consumption, optimizing the use of renewable energy sources, and reducing carbon footprint and greenhouse gas emissions, is creating a demand for sustainability energy management software. Furthermore, the increasing use of smart grids and smart meters is driving the market. With increasing energy demand and aging power infrastructure, governments around the world are increasingly moving towards modernizing their energy grids by deploying smart grid solutions. Demand for energy efficiency solutions is increasing in the market as various governments embark on modernization projects to upgrade their power grids. For example, the Missouri Public Services Commission has invested USD 6.3 billion for grid modernization.

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According to UnivDatos Market Insights (UMI)’ research report “Global Sustainability Energy Management Software Market Analysis, 2021”, the Sustainability Energy Management Software Market market is projected to grow at a CAGR of ~11% during 2022-2028F. The global sustainability energy management software market is growing on account of the increasing investments made by large organizations and governments across the globe for the advancements in technology for efficient use of the existing renewable and nonrenewable resources. Furthermore, the surge in environmental awareness and increase in concerns among organizations individuals about global warming acts as the key driving forces of the global sustainability energy management software market. Moreover, the growing carbon emissions globally are increasing at an alarming rate. For instance, global energy-related CO2 emissions remained at 31.5 Gt, which contributed to CO2 reaching its highest ever average annual concentration in the atmosphere of 412.5 parts per million in 2020 – around 50% higher than when the industrial revolution began. These factors are expected to drive the market for sustainability energy management software market.

Based on the Type, , the market is segmented into home energy management systems, building energy management systems, and industrial management systems. The industrial energy management systems are expected to achieve a significant CAGR during the forecast period. The growing adoption of sustainability energy management software in industrial energy management systems can be attributed to the growing need for energy conversation for cost savings in the industries. Moreover, the majority of the energy consumption is done by industrial bodies/manufacturing bodies, which results in the generation of greenhouse gases causing carbon emissions.

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Based on the Deployment, Based on deployment, the market is segmented into cloud and on-premises. The cloud segment is expected to achieve a considerable CAGR during the forecast period. The growing demand for cloud services can be attributed to the cost-effectiveness of cloud services. As companies can eliminate unnecessary hardware or rigid on-premises assets and easily right-size computing resources according to their unique business requirements.

Based on the End-User, the market is segmented into automotive, building automation, construction, manufacturing, oil and gas, pharmaceuticals, and others. The manufacturing segment is expected to gain prominence during the forecast period. The growing demand for sustainability and energy management software in the manufacturing segment can be attributed to the growing volume of manufacturing that is needed to be done, to produce for the ever-growing global population

North America to Grab Lion’s Share, and witnessed Explicit Growth

North America held a prominent share of the global Sustainability Energy Management Software Market in 2020 and is expected to showcase a prominent growth rate during the forecast period. This can be attributed to the presence of leading green technology and sustainability service providers and the integration of cloud and IoT with green technology and sustainable market solutions. In addition, a surge in investments by key players as well as the government for developing advanced green technology and sustainability solutions fuels the growth of the market., as stated in UnivDatos Market Insights (UMI)’ research report “Global Sustainability Energy Management Software Market Analysis, 2021”.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the sustainability energy management software market include Schneider Electric, ABB Ability, Cisco, General Electric, Honeywell International Inc, Siemens, Eaton, Emerson electric co, Mitsubishi electric corporation, and International Business Machines Corporation. The players are focused on launching products for gaining customers' traction and expanding their geographical reach to get a competitive edge in the industry.

“Global Sustainability Energy Management Software Market Analysis, 2021” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for sustainability energy management software market providers across the globe. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitors’ capabilities on 16 parameters. This will help companies in the formulation of go-to-market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

By Type (Home Energy Management Systems, Building Energy Management Systems, and Industrial Energy Management Systems)
By Deployment (On-cloud and On-Premises)
By End-User (Automotive, Building Automation, Manufacturing, Oil And Gas, Pharmaceuticals, And Others)
By Region (North America, Europe, Asia-Pacific, Rest of the World)
By Company (Schneider Electric, ABB Ability, Cisco, General Electric, Honeywell International Inc, Siemens, Eaton, Emerson electric co, Mitsubishi electric corporation, and International Business Machines Corporation)

Key questions answered in the study:

What are the current and future trends in the sustainability energy management software Market industry?
How the industry has been evolving in terms of type, offering, and application?
How the competition has been shaping across the countries followed by their comparative factorial indexing?
What are the key growth drivers and challenges for the Sustainability Energy Management Software Market industry?
What is the customer orientation, purchase behavior, and expectations from the sustainability energy management software market firms across various regions?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 SUSTAINABILITY ENERGY MANAGEMENT SOFTWARE MARKET REVENUE (USD BN), 2019-2027F

6 MARKET INSIGHTS BY TYPE

7 MARKET INSIGHTS BY DEPLOYMENT

8 MARKET INSIGHTS BY END-USER

9 MARKET INSIGHTS BY REGION

10 SUSTAINABILITY ENERGY MANAGEMENT SOFTWARE MARKET DYNAMICS

11 SUSTAINABILITY ENERGY MANAGEMENT SOFTWARE MARKET OPPORTUNITIES