The global energy portfolio management market is expected to be valued at US$ 4,022.80 million in 2023. The growing adoption of smart meters and smart grid play a vital role in enhancing the market value. The overall demand for energy portfolio management is projected to record a CAGR of 12.4% between 2023 and 2033, totaling around 12,947.66 million by 2033.
| Data Points | Key Statistics |
|---|---|
| Energy Portfolio Management Market Value 2023 | US$ 4,022.80 million |
| Energy Portfolio Management Market Projected Value (2033) | US$ 12,947.66 million |
| Energy Portfolio Management Market CAGR (2023 to 2033) | 12.4% |
Energy portfolio management is a fully integrated platform to support the utilities and market operators to assess and decide on critical energy investments and support operations across planning, Forecasting, trading & grid Operating Decisions. For instance, transmission lines and new power stations also provide important data relevant to running energy systems operations.
North America and Europe are the leading shareholders in the revenue generation of the energy portfolio management market, jointly capturing nearly 55% share in 2022.
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The global demand for energy portfolio management is projected to increase at a CAGR of 12.4% during the forecast period, reaching a total of US$ 12,947.66 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 11.1%.
Over the years, digitization has significantly contributed to the transformation of various industrial and commercial processes along with energy management. This trend of modernization of the energy models offers superiority and is also increasing its value. The digitization of the energy management process allows for connecting and coordinating all the network’s equipment and devices, which leads to greater efficiency gain.
Digital technologies are set to transform the global energy system in the coming decades, making it more connected, reliable, and sustainable. This may have a profound and lasting impact on both energy demand and supply, according to a new report by the International Energy Agency (IEA).
The Rising Adoption of Smart Grids in Residential & Industrial Sectors is Likely to Act as a Primary Growth Driver
Owing to increasing awareness about energy management, coupled with the company, they are focussing on gaining carbon credits, which are anticipated to drive the demand for energy portfolio management solutions. Further, strict government regulations on limiting energy wastage and promoting efficient energy management are the drivers of the market's growth during the forecast period.
The government considers the need to reduce the excessive consumption of energy, energy management, and monitoring, with increasing demand for energy monitoring systems in the industrial and residential sectors as crucial factors driving the growth of the noise monitoring device market.
Principal Consultant
The Absence of Awareness Regarding the Advantageous Features May Restrict the Market Expansion
The demand for energy portfolio management solutions is mounting globally. However, several small and medium-sized industries are still unaware of the advantageous features of energy management.
The developed infrastructure of large companies is leading them to adopt advanced energy portfolio management solutions. Conversely, large setups and higher implementation costs conf confine the adoption across small and medium-sized industries.
Besides, the shortage of enforcement of proper law implementation in emerging economies is the key factor restraining the growth of the energy portfolio management market.
Stern Governmental Regulations against Energy Spillage is Projected to Boost Regional Sales.
In terms of regional platforms, North America holds a significant market share in the energy portfolio management market. The region is expected to surge at over 32.6% share in 2022 and is projected to maintain its lead over the forecast period due to rising energy prices and contracting operational budgets of the hospitals.
The increasing energy intensity of hospitals has produced increasing costs, with USA hospitals spending over US$ 5 billion annually on energy, equal to one to three percent of the total budget and equivalent to at least 15 percent of profits.
Government initiatives to promote efficient energy management in North America have bolstered the demand for better energy portfolio management solutions. Energy saving, going green, utility savings, and energy management software are all terms increasingly becoming a part of healthcare operations in the region, especially for hospitals, which are one of the larger energy users.
According to the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE), the average hospital uses 2.5 times the amount of energy compared to other commercial buildings. Owing to this, it is crucial to adopt an effective energy monitoring system for avoiding wastage, which in turn gushes the demand for energy portfolio management.
Rapid Governmental Initiatives are likely to encourage the Adoption of Energy Portfolio Management Systems.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for energy portfolio management and is expected to reach the highest share of 20.6% in 2022.
This market growth is attributed to the growing demand for smart grid solutions to modernize traditional power grids. Besides this, the European Union is promoting various energy efficiency measures and standards, accelerating the demand for power management systems across Europe.
For instance, In the REPowerEU plan, presented in May 2022, the European Commission proposed to raise the ambition further to reduce the EU's reliance on fossil fuel imports from Russia.
Because saving and reducing energy is the cheapest, safest, and cleanest way to do so, it is proposed to increase the binding EU energy efficiency target from 9% to 13%, compared to the 2020 Reference Scenario (750 Mtoe in final and 980 Mtoe in primary energy consumption, respectively).
The proposal also introduces enhanced 'gap-filling mechanisms' that may be triggered if countries fail to deliver their national contributions. Owing to these factors, the demand for energy portfolio management systems is estimated to grow significantly during the forecast period.
The Presence of Prominent Players is Likely to Expand Regional Share
Asia Pacific region is inclining towards the adoption of the sustainable energy management system, which is why the demand for energy portfolio management is anticipated to surge during the forecast period in the respective region.
The advancement of industrial and residential architectures is generating the creation of smart grids and smart metering solutions to optimize energy utilization. The regional energy associations set up an ambitious sustainable energy agenda to support the demand for next-gen energy management solutions and services.
Prominent service providers in the region are expanding their product portfolio by developing innovative systems for efficient use of energy. For instance, in March 2021, Yokogawa India Ltd. acquired capital from Japan-based APB Corporation to expand its EMS Business.
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The global energy portfolio management market is segmented into end-user type, deployment, and regions. Based on the end-user segment, the industrial subtype captures the highest share in 2022 and is expected to be the fastest-growing segment of the Energy Portfolio Management market during the forecast period.
This segmental growth is attributed to the rapid adoption of automation technologies in the industrial processes segment. Smart infrastructure development and government support drive substantial investments into residential and commercial projects such as smart buildings, smart homes, and smart hospitals. These infrastructures are augmenting the demand for efficient energy systems, increasing the demand for building energy management systems.
Based on deployment, cloud-based EPM is projected to capture the highest share, driven by the rapid growth in state-of-the-art technologies like machine learning and big data.
How Key Players Are Opening Frontiers for Future Growth?
Many prominent market players in the energy portfolio management market are working hand-in-hand to provide the best-in-class energy portfolio management for enhancing the global analytics arena.
However, many global start-ups in the energy portfolio management market are stepping forward to match the requirements of the energy portfolio management domain.
What are the Leading Players in the Energy Portfolio Management Market Up To?
Recent Developments
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12.4% from 2023 to 2033 |
| Market Value in 2023 | US$ 4,022.80 million |
| Market Value in 2033 | US$ 12,947.66 million |
| Base Year for Estimates | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in US$ million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered |
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| Regions Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
The global energy portfolio management market value is estimated to be US$ 4,022.8 million in 2023.
In 2022, the revenue generated from sales to industrial sub-type segment was at the leading position.
The Europe energy portfolio management market held around 20.6% share of the global market in 2022.
The energy portfolio management market of North America contributed for 32.6% revenue share in 2022.
Higher implementation and deployment costs could limit the adoption of energy portfolio management services.
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
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.6.1. By Key Regions
3.6.2. By Key Countries
3.7. Regional Parent Market Outlook
4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) Analysis By End User, 2018 to 2022
5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2023 to 2033
5.3.1. Residential
5.3.2. Industrial
5.3.3. Commercial
5.4. Y-o-Y Growth Trend Analysis By End User, 2018 to 2022
5.5. Absolute $ Opportunity Analysis By End User, 2023 to 2033
6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Deployment
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) Analysis By Deployment, 2018 to 2022
6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Deployment, 2023 to 2033
6.3.1. Cloud
6.3.2. On-premises
6.4. Y-o-Y Growth Trend Analysis By Deployment, 2018 to 2022
6.5. Absolute $ Opportunity Analysis By Deployment, 2023 to 2033
7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022
7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
8.2.1. By Country
8.2.1.1. The USA
8.2.1.2. Canada
8.2.2. By End User
8.2.3. By Deployment
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By End User
8.3.3. By Deployment
8.4. Key Takeaways
9. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By End User
9.2.3. By Deployment
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By End User
9.3.3. By Deployment
9.4. Key Takeaways
10. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. United Kingdom
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By End User
10.2.3. By Deployment
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By End User
10.3.3. By Deployment
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By End User
11.2.3. By Deployment
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By End User
11.3.3. By Deployment
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By End User
12.2.3. By Deployment
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By End User
12.3.3. By Deployment
12.4. Key Takeaways
13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By End User
13.2.3. By Deployment
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By End User
13.3.3. By Deployment
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country
14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022
14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By End User
14.2.3. By Deployment
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By End User
14.3.3. By Deployment
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2022
15.1.2.1. By End User
15.1.2.2. By Deployment
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2022
15.2.2.1. By End User
15.2.2.2. By Deployment
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2022
15.3.2.1. By End User
15.3.2.2. By Deployment
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2022
15.4.2.1. By End User
15.4.2.2. By Deployment
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2022
15.5.2.1. By End User
15.5.2.2. By Deployment
15.6. United Kingdom
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2022
15.6.2.1. By End User
15.6.2.2. By Deployment
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2022
15.7.2.1. By End User
15.7.2.2. By Deployment
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2022
15.8.2.1. By End User
15.8.2.2. By Deployment
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2022
15.9.2.1. By End User
15.9.2.2. By Deployment
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2022
15.10.2.1. By End User
15.10.2.2. By Deployment
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2022
15.11.2.1. By End User
15.11.2.2. By Deployment
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2022
15.12.2.1. By End User
15.12.2.2. By Deployment
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2022
15.13.2.1. By End User
15.13.2.2. By Deployment
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2022
15.14.2.1. By End User
15.14.2.2. By Deployment
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2022
15.15.2.1. By End User
15.15.2.2. By Deployment
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2022
15.16.2.1. By End User
15.16.2.2. By Deployment
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2022
15.17.2.1. By End User
15.17.2.2. By Deployment
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2022
15.18.2.1. By End User
15.18.2.2. By Deployment
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2022
15.19.2.1. By End User
15.19.2.2. By Deployment
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2022
15.20.2.1. By End User
15.20.2.2. By Deployment
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2022
15.21.2.1. By End User
15.21.2.2. By Deployment
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2022
15.22.2.1. By End User
15.22.2.2. By Deployment
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2022
15.23.2.1. By End User
15.23.2.2. By Deployment
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By End User
16.3.3. By Deployment
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. Eaton Corporation PLC
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.2. ABB Ltd.
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.3. Siemens AG
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.4. Schneider Electric
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.5. International Business Machines Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.6. C.A Technologies
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.7. SAP SE
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.8. Emerson Electric Co.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.9. Honeywell International Inc.
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.10. Watchwire
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Energy Portfolio Management Market
