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Energy Management Systems Market Surges to USD 101.36 Billion by 2030, Propelled by 12.7% CAGR – Verified Market Reports®

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Verified Market Reports® is pleased to announce the release of its latest market research report on the “Energy Management Systems Market – Trends, Opportunities, and Forecasts,” poised to provide industry leaders and decision-makers with critical insights into this growing sector. This in-depth report provides actionable insights tailored for industry leaders, energy managers, and technology providers aiming to stay ahead of the curve in this dynamic sector.

LEWES, Del., Dec. 17, 2024 /PRNewswire/ — The Global Energy Management Systems Market is projected to grow at a CAGR of 12.7% from 2024 to 2030, according to a new report published by  Verified Market Reports®. The report reveals that the market was valued at USD 33.83 Billion in 2023 and is expected to reach USD 101.36 Billion by the end of the forecast period.

The Energy Management Systems (EMS) market is driven by the increasing demand for energy efficiency, growing adoption of smart grids, and the rising focus on reducing carbon emissions. Governments worldwide are implementing stringent regulations and offering incentives to promote energy conservation, which further boosts EMS adoption. Additionally, advancements in IoT, AI, and data analytics enable real-time energy monitoring, enhancing operational efficiency for businesses.

However, the market faces restraints such as high initial implementation costs and complexities in integrating EMS with existing infrastructure. Limited awareness about the long-term benefits of EMS, especially in developing regions, also hinders market growth. Despite these challenges, the increasing need for cost optimization and sustainability goals continues to fuel the demand for energy management solutions globally.

Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=506749

Browse in-depth TOC on Energy Management Systems Market

202 – Pages
126 – Tables
37 – Figures

Scope of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2021-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

C3 Energy, CA Technologies, Cisco Systems, Eaton Corporation, Elster Group, Emerson Electric Company, FirstFuel Software, General Electric Company, Gridpoint 

SEGMENTS COVERED

By Type, By Application, By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Global Energy Management Systems Market Overview

Market Drivers Fueling Growth in the Energy Management Systems Market

1. Rising Demand for Energy Efficiency and Cost Optimization

Increasing energy costs and the need for businesses to optimize energy consumption are driving the adoption of Energy Management Systems (EMS). These systems help monitor, analyze, and control energy usage, resulting in significant cost savings. Industries are under pressure to reduce operational expenses, and EMS provides actionable insights for better energy utilization. This growing awareness of energy efficiency benefits is fueling market growth, especially in sectors like manufacturing, healthcare, and commercial buildings.

2. Government Regulations and Sustainability Initiatives

Stringent government policies aimed at reducing carbon emissions and promoting energy conservation are propelling the EMS market. Various governments are offering incentives, subsidies, and tax benefits for implementing energy-efficient technologies. Sustainability goals set by global initiatives like the Paris Agreement are pushing industries to adopt EMS solutions to meet regulatory compliance. This regulatory support, combined with rising corporate commitments to achieve net-zero emissions, is accelerating EMS adoption worldwide.

3. Technological Advancements in IoT, AI, and Smart Grids

The integration of advanced technologies such as IoT, artificial intelligence, and big data analytics is transforming the EMS market. These innovations enable real-time energy monitoring, predictive maintenance, and automated energy optimization, improving operational efficiency. The rise of smart grid infrastructure enhances EMS capabilities by enabling seamless communication between energy suppliers and consumers. This technological evolution empowers industries to make data-driven decisions, driving widespread adoption of EMS solutions globally.

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Market Restraints Limiting Expansion in the Energy Management Systems Market

1. High Initial Implementation Costs

The significant upfront costs associated with deploying Energy Management Systems (EMS) act as a major restraint for market growth. Expenses related to hardware, software integration, and skilled workforce training often deter small and medium-sized enterprises (SMEs) from adopting these solutions. Additionally, the time required for return on investment (ROI) can be lengthy, making it challenging for businesses with limited budgets to justify the expenditure.

2. Complex Integration with Existing Infrastructure

Integrating EMS with legacy systems and existing infrastructure poses a technical challenge for many organizations. Compatibility issues, outdated technologies, and the need for customized solutions can lead to implementation delays and increased costs. These complexities often discourage businesses from adopting EMS, particularly in industries with rigid, long-established systems that are difficult to upgrade.

3. Lack of Awareness and Skilled Workforce

Limited awareness about the long-term benefits of EMS, especially in developing regions, hinders market adoption. Many organizations lack understanding of how EMS can optimize energy use and drive cost savings. Furthermore, a shortage of skilled professionals capable of managing and analyzing EMS data creates operational challenges. This lack of expertise slows down adoption and limits the effectiveness of EMS solutions in achieving desired energy efficiency outcomes.

Geographic Dominance

The Energy Management Systems (EMS) market demonstrates significant geographic diversity, with North America, Europe, and Asia leading the way in adoption and innovation. North America dominates the market due to stringent energy efficiency regulations, advanced infrastructure, and increased investments in smart grid technology. Europe follows closely, driven by sustainability initiatives, strict carbon reduction targets, and government incentives for energy-efficient solutions.

Asia-Pacific is witnessing rapid growth fueled by industrialization, urbanization, and rising energy consumption in countries like China, India, and Japan. The increasing focus on smart cities and digital transformation further accelerates adoption in this region. Meanwhile, Africa and the rest of the world are gradually embracing EMS, with growing awareness and investments in renewable energy projects. Although adoption in these regions is slower, emerging economies are presenting significant growth opportunities for market players.

Energy Management Systems Market Key Players Shaping the Future

Major players, including C3 Energy, CA Technologies, Cisco Systems, Eaton Corporation, Elster Group, Emerson Electric Company, FirstFuel Software, General Electric Company, Gridpoint and more, play a pivotal role in shaping the future of the Energy Management Systems Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Energy Management Systems Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Energy Management Systems Market into Type, Application and Geography.

Energy Management Systems Market, By TypeSCADAPLCDCSEnergy PlatformsEnergy Management Systems Market, By ApplicationRetailGroceryRestaurant SitesEnergy Management Systems Market, By GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

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About Us

Verified Market Reports® ­stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports’ domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports’ dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

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Alghanim Industries and BYD Unveil Landmark Showroom in Kuwait

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The largest BYD showroom outside China paves the way for transformative mobility.Cutting-edge electric and hybrid models empower eco-friendly choices.Reinforces customer-centric values and long-term commitment to Kuwait’s progress.

KUWAIT CITY, Kuwait, Dec. 18, 2024 /PRNewswire/ — Alghanim Industries, (Kutayba Alghanim Group), one of the largest privately-owned companies in the MENA region, celebrated the grand opening of its first BYD Alghanim showroom on the 4th Ring Road in Al Rai. As the largest BYD showroom outside China, this landmark facility marks a pivotal step forward in Kuwait’s journey toward cleaner, more sustainable transportation solutions.

This opening BYD coincides with its 30th anniversary and the production of its 10 millionth NEV—an unprecedented global achievement. As a pioneer in clean energy, BYD is reshaping the future of transportation through cutting-edge, environmentally responsible innovation. Alghanim Industries’ partnership with BYD aligns with its broader strategy to explore new opportunities in energy and sustainability, reaffirming the company’s commitment to innovation and excellence in Kuwait’s automotive sector and beyond.

This milestone occasion was further distinguished by the attendance of His Excellency Zhang Jianwei, Ambassador of the People’s Republic of China to Kuwait, who commended the partnership as a notable alliance between Alghanim Industries—renowned for its enduring legacy and customer-first ethos—and BYD, a Chinese innovator shaping the future of sustainable transportation.”

A Partnership Driving Kuwait’s Sustainable Vision

Kutayba Y. Alghanim, Executive Chairman of Alghanim Industries, reflected on the company’s enduring legacy and role in shaping Kuwait’s future mobility: “”Throughout our long history of serving Kuwait, Alghanim Industries has introduced offerings that enrich everyday life. Today, by partnering with BYD—an international leader in electric mobility—we’re not simply adding to our automotive range; we’re paving the way toward a cleaner, more innovative transport landscape. This alliance signals a forward-looking commitment to building a thriving, sustainable future for generations to come.”

Building on this perspective, Mahmoud Samara, CEO of Alghanim Industries, emphasized the company’s tangible steps toward advancing sustainable transportation: “For decades, Alghanim Industries has operated on a simple truth: serving our customers’ needs is what drives real progress. This principle led us to be among the first to introduce electric vehicles to Kuwait and invest in early charging infrastructure—an approach that raised industry standards and redefined what’s possible. Now, as we join BYD, an innovator whose vision and values mirror our own, we are moving beyond incremental improvements and embracing an era where sustainability, innovation, and genuine customer focus work in harmony, setting the tone for Kuwait’s evolving mobility landscape.”

Underscoring the synergy between the two organizations, AD Huang, General Manager of BYD Middle East & Africa, praised the strength of the collaboration: “We are proud to partner with Alghanim Industries, a trusted name whose success across multiple sectors has contributed to Kuwait’s growth and development. Their dedication to excellence and a forward-thinking approach aligns perfectly with BYD’s vision for a sustainable future. As we celebrate our 30th anniversary and the production of our 10 millionth NEV, we look forward to working closely with Alghanim Industries to deliver transformative mobility solutions, helping accelerate Kuwait’s journey toward cleaner, more efficient transportation.”

Paving the Way for Kuwait’s Green Future

Beyond the showroom’s launch, the partnership between BYD and Alghanim Industries reinforces a long-term vision for sustainable mobility in Kuwait. Alghanim Industries is actively investing in EV infrastructure, home-charging solutions, and collaborating with both public and private entities to accelerate the shift toward cleaner energy transportation.

Looking ahead, BYD plans to introduce models like the Sealion 7, the Shark electric pickup, and the Atto 2 compact SUV, broadening Kuwait’s range of environmentally friendly driving options.

With BYD’s global expertise and Alghanim Industries’ enduring legacy, this collaboration is poised to advance Kuwait’s transition toward sustainable mobility—creating a cleaner, more vibrant future for all.

Showcasing BYD’s Cutting-Edge Lineup

The BYD Alghanim showroom features a diverse selection of NEVs designed for a range of lifestyles and preferences:

BYD SEAL: An electric vehicle designed for various driving needs, featuring an 82.5 kWh battery that offers a range of up to 570 km on a single charge (WLTC). It includes a sleek design, comfortable interior, and innovative driver-assistance technologies, making it ideal for daily commutes and family outings.BYD HAN: An electric sedan equipped with a 85.4 kWh battery, providing a range of up to 565 km on a single charge (WLTC). It can reach a top speed of 180 km/h and accelerates from 0 to 100 km/h in just 3.9 seconds. The Han EV combines elegant design with cutting-edge technology, advanced safety features, and a state-of-the-art infotainment system.BYD ATTO 3: A compact electric SUV with a 60.48 kWh battery, offering a range of up to 420 km (WLTC). It is equipped with a front electric motor producing 150 kW (201 hp) and 310 Nm of torque, ensuring a balanced and dynamic driving experience. The BYD ATTO 3 features a spacious interior with advanced infotainment and safety systems.BYD QIN PLUS DM-i: A plug-in hybrid sedan featuring an 18.3 kWh lithium iron phosphate battery and a 1.5L engine. It provides a total maximum output of 145 kW (194 hp) and 325 Nm of maximum torque, with an electric range of up to 95 km and a combine driving range of up to 795 km (WLTC). The BYD QIN PLUS DM-i accelerates from 0 to 100 km/h in around 7.3 seconds and has a top speed of 185 km/h.BYD SONG PLUS DM-i: A versatile plug-in hybrid SUV powered by a 1.5T engine paired with an electric motor, delivering a combined output of 270 kW (362 hp). It features an electric range of up to 80 km with a 18.3 kWh battery. It also gives a combined range of up to 890 km (WLTC). The BYD SONG PLUS DM-i offers advanced safety features and a spacious interior for a comfortable driving experience.

Each model comes equipped with advanced features, including high-resolution rotating touchscreens, wireless smartphone integration, over-the-air (OTA) updates, advanced driver assistance systems (ADAS), and premium interiors designed for comfort and convenience.

Enhancing Community Engagement

To commemorate the showroom launch, Alghanim Industries announced support for a local road-improvement initiative led by Yousef Al Omran, known as “Bu Jarrah,” a prominent social media personality recognized for community-focused projects. While a lighthearted addition, this initiative demonstrates Alghanim Industries’ commitment to contributing positively to the surrounding neighborhood.

Event Highlights

The grand opening gathered industry leaders, automotive enthusiasts, and community members. Guests enjoyed a live performance by Murmuration, a band known for its dynamic and creative flair, adding a festive note to an event that celebrated both innovation and community progress.

In addition to Murmuration’s dynamic performance, guests were treated to a captivating recital by six-year-old Turkish qanun prodigy Aytaç Doğan Junior, whose extraordinary talent brought a distinctive cultural flair to the evening’s celebration.

 

 

 

 

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HKT and LeapXpert collaborate on secure and regulatory compliant digital communications solutions

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With first successful deployment at The Bank of East Asia 

HONG KONG, Dec. 18, 2024 /PRNewswire/ — HKT (SEHK: 6823) and LeapXpert today announced a collaboration to offer secure and regulatory compliant digital communication solutions for businesses, especially financial institutions, with first deployment by The Bank of East Asia, Limited (“BEA”).

Leveraging HKT’s robust fixed and mobile network infrastructure as well as expertise in system integration, along with LeapXpert’s experience in providing comprehensive communication compliance solutions, this collaboration enables businesses to communicate with their customers using the preferred channels of the latter, including social media platforms such as WhatsApp, WeChat and more, while upholding regulatory compliance requirements. It also eliminates the need for employees of businesses to switch between multiple messaging apps.

While regulatory requirements mandate recordkeeping for communications on various channels including messaging apps, LeapXpert’s Digital Communications Governance and Archiving (DCGA) solutions ensure communications are governed and in compliance with strict regulatory requirements. It also facilitates archiving and surveillance of exchanged information to prevent the sharing of sensitive data and protect the platform from viruses or malware attacks through files transfer.

Steve Ng, Managing Director of Commercial Group, HKT, said, “Amid an increasingly stringent regulatory environment, it is more important than ever for businesses to safeguard the security of their interactions while ensuring customer convenience. We are pleased to collaborate with LeapXpert on bringing regulatory compliant digital communication solutions to businesses. As a trusted partner to enterprises, we are dedicated to providing them with solutions that offer high levels of security and data protection while enhancing customer experience.”

BEA, a Hong-Kong-based financial services group, has deployed The LeapXpert Communications Platform, underpinned by HKT’s connectivity infrastructure, as the dedicated enterprise messaging solution for employees to communicate with customers. It enables customers to continue enjoying their preferred native messaging apps, in this case WhatsApp and WeChat.

Stephen Leung, Group Chief Information Officer, General Manager and Head of Technology and Productivity Division at BEA, said, “We are excited to adopt LeapXpert’s communication solution through HKT’s infrastructure. The solution enables a secure and centralised platform to conduct real-time communication with customers, enhancing our interaction capabilities while keeping compliance requirements in check. This collaboration contributes to BEA’s vision to be a preferred and trusted banking partner for our customers.”

Avi Pardo, Co-founder and CBO of LeapXpert, said, “HKT’s collaboration with LeapXpert exemplifies how businesses can enhance their offerings by integrating our advanced communication solutions. By integrating our platform with HKT’s services, we create a unique market differentiator that delivers significant value to enterprise customers. Together with HKT, we offer cutting-edge communication solutions that cater to the precise needs of modern, single-identity responsible business communication.”

About HKT

HKT is a technology, media, and telecommunication leader with more than 150 years of history in Hong Kong. As the city’s true 5G provider, HKT connects businesses and people locally and globally. Our end-to-end enterprise solutions make us a market-leading digital transformation partner of choice for businesses, whereas our comprehensive connectivity and smart living offerings enrich people’s lives and cater for their diverse needs for work, entertainment, education, well-being, and even a sustainable low-carbon lifestyle. Together with our digital ventures which support digital economy development and help connect Hong Kong to the world as an international financial centre, HKT endeavours to contribute to smart city development and help our community tech forward. 

For more information, please visit www.hkt.com.

LinkedIn: linkedin.com/company/hkt 

About LeapXpert

LeapXpert, the responsible business communication pioneer, provides enterprises peace of mind through governed communication solutions. The LeapXpert Communications Platform enables governed, compliant, and secure communication between enterprise employees and their clients across consumer messaging channels, while leveraging Communication Intelligence to enhance front-office employee productivity and decision-making. LeapXpert, a Gartner Cool Vendor, is headquartered in New York, with offices in London, Tel Aviv, and Asia. Hundreds of enterprise customers, with hundreds of thousands of users in more than 45 countries, depend on LeapXpert daily for Digital Communications Governance. For more information, visit www.leapxpert.com.

Issued by HKT Limited.

HKT Limited is a company incorporated in the Cayman Islands with limited liability.

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SOURCE LeapXpert; HKT

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YOUNGLIMWON SOFTLAB to Showcase Low-Code Application Development Platform Flextudio at CES 2025

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SEOUL, South Korea, Dec. 17, 2024 /PRNewswire/ — YOUNGLIMWON SOFTLAB, a leading ERP (Enterprise Resource Planning) software company, announced that its in-house venture team, Flextudio Team, will participate in CES 2025 in Las Vegas to unveil its low-code enterprise application development platform, Flextudio.

Flextudio empowers businesses to rapidly and efficiently develop custom applications with its user-friendly interface and powerful features, maximizing development productivity. This innovative platform enables businesses to quickly adapt to evolving market trends and internal needs by facilitating the swift deployment and maintenance of tailored applications.

“We are excited to showcase Flextudio’s innovative technology and differentiated value to the global market at CES 2025,” said Kwon Olim, Director at YOUNGLIMWON SOFTLAB and Team Leader of Flextudio Team. “This is a key step in our strategy to expand our presence internationally and empower businesses worldwide to enhance their agility and competitiveness.”

With a strong track record of serving over 3,000 enterprise customers since its establishment in 1993, YOUNGLIMWON SOFTLAB formed the Flextudio Team in 2021 to address the growing need for businesses to respond swiftly to dynamic business environments. The platform is designed to accelerate business process innovation and digital transformation by streamlining application development and deployment.

YOUNGLIMWON SOFTLAB plans to further enhance Flextudio by integrating AI and other advanced technologies to actively support its customers’ digital transformation journeys.

Flextudio will be showcased at the YOUNGLIMWON SOFTLAB booth in the Eureka Park Tech West area, within the AI/Enterprise section.

About YOUNGLIMWON SOFT LAB

YOUNGLIMWON SOFT LAB is a leading provider of ERP solutions, dedicated to helping businesses optimize their operations and achieve sustainable growth. With a commitment to innovation and customer satisfaction, YOUNGLIMWON SOFT LAB delivers comprehensive and reliable ERP systems tailored to meet the unique needs of diverse industries.

Full name: Son Nikki, Email address: sonmj@ksystem.co.kr, Telephone number: 821059162591

Flextudio is a development platform designed to help build custom business software with low – code. You can download our press kit about our company and product.

Press kit : https://flextudio.notion.site/Power-Apps-We-give-you-SuperPower-Apps-13c45217f07780aea4fbfd0280e903d4

Click here for more details about our booth at: https://ces25.mapyourshow.com/8_0/exhibitor/exhibitor-details.cfm?exhid=001Pp00000dEK5JIAW

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