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News  ›  GlobeNewswire Inc.

$229.35 Bn Energy Management Systems Global Market Trends, Opportunities and Strategies, 2019-2024, 2025-2029F, 2034F

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Researchandmarkets.Com
$229.35 Bn Energy Management Systems Global Market Trends, Opportunities and Strategies, 2019-2024, 2025-2029F, 2034F

The global energy management systems market is projected to grow from $57.53 billion in 2024 to $229.35 billion by 2034, with a CAGR of 14.8%. Key growth drivers include rising energy costs, smart grid deployments, and renewable energy transitions. Asia-Pacific and Western Europe are expected to be the fastest-growing regions. Software components and telecom/IT segments are anticipated to lead growth, while industrial energy management systems remain the largest segment.

Insights
SIEGY   positive

Second-largest competitor with 2.81% market share, well-positioned to capitalize on growing demand for industrial energy management systems and smart grid deployments.