How Big Is the Energy Management Market | Segments & Forecast 2031

Q: What is spurring the growth of energy management market?

Key drivers include rising electricity costs, regulatory pressure to reduce emissions, and growing digitization of energy systems.

Q: What is the expected CAGR of the Energy management market?

The energy management market is projected to grow at a CAGR of 9.1%.

Q: Who are the prominent players in the energy management market?

Siemens AG, Honeywell International Inc., ABB Ltd., Eaton Corporation, GridPoint Inc., and others are the prominent players in the industry.

Q: How big is the energy management market?

The energy management market is expected to reach USD 72.5 billion by 2031.

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6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.

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Code: MTA6372

Publication Date: Jul 2025

How Big Is the Energy Management Market?

According to 6Wresearch internal database and industry insights, the energy management market was valued at USD 39.6 billion in 2024 and is projected to reach USD 72.5 billion by 2031, growing at a CAGR of 9.1% during the forecast period.

This robust expansion is driven by the growing need for efficient energy usage in industrial facilities, rising energy costs, and integration of smart grids and IoT-based solutions for real-time energy monitoring and optimization.

Growth Factors of the Energy Management Market

Increasing energy prices prompting adoption of cost-efficient energy solutions.
Government mandates and incentives supporting energy conservation.
Surge in digitalization of power infrastructure and use of AI in consumption analytics.
Growth of green building initiatives demanding integrated energy control systems.
Widespread adoption of cloud-based EMS platforms for real-time monitoring and reporting.
Industrial automation driving demand for power optimization tools in manufacturing.

Energy Management Market Trends

Energy Management Market is witnessing transformative shifts with increasing adoption of AI-powered energy analytics, real-time monitoring dashboards, and blockchain-based energy transactions. The trend toward cloud-native energy platforms, combined with IoT sensors and predictive analytics, is allowing end-users to optimize power consumption dynamically.

Emerging Developments in the Energy Management Market

Energy Management Market is evolving with the rise of microgrid energy management systems, virtual power plants (VPPs), and grid-interactive efficient buildings. Demand for hybrid energy optimization that blends renewable and conventional power sources is growing rapidly. Companies are focusing on cybersecure EMS platforms to counter threats in connected environments. Moreover, strategic collaborations between utility providers and tech startups are accelerating innovation in distributed energy management.