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Industrial Energy Management Systems (IEMS) - Global Market Trajectory & Analytics

  • ID: 3619374
  • Report
  • April 2021
  • Region: Global
  • 471 Pages
  • Global Industry Analysts, Inc
Post Pandemic is Touted to be a New Era for Environmental Technologies. Industrial Energy Management Systems (IEMS) to Reach $34.7 Billion.

The global market for Industrial Energy Management Systems (IEMS) is expected to decline by -12.9% in the year 2020 and thereafter recover and grow to reach US$34.7 billion by the year 2027, trailing a post COVID-19 CAGR of 7.2% over the analysis period 2020 through 2027. An environmental apocalypse is predicted in the next 40 to 50 years. Natural disasters and pandemics are expected to become more common and COVID-19 is widely seen by scientists as the beginning of an era of natural & humanitarian crises that will follow. The recent rate of progress in global energy efficient improvements is at risk of slowing down in absence of a clear focus of governments towards implementation of new energy efficiency policies. In 2018 global improvements in primary energy intensity, a measure of energy consumption in relation to global economic activity, was significantly lower in comparison to the improvement observed in previous years and also marked the third consecutive year of declining improvement rates. The rate of progress in 2018 also remained much below than the average 3% rate of improvement targeted as part of the International Energy Agency (IEA)'s Efficient World Strategy for achieving global energy and climate goals. The slowdown in energy efficiency gains in 2018 was largely to a warmer summer and a colder winter in the U.S. that drove up energy usage for cooling and heating; increased production from high-energy intensive industries in China and the US; governments' laxity in implementing stringent energy efficiency policies, and major structural factors, such as higher consumer demand for bigger cars and fall in vehicle occupancy rates, coupled with increased consumer preference for larger residential spaces.

Current myopic strategy response to stimulate the economy by rolling back environmental priorities and standards is additionally positioning the world for a more serious climate catastrophe. Polluters are now bolder than ever. The pandemic and resulting economic devastation is giving industries such as fossil fuels, plastics, airlines, and automobiles a free hand as they scramble for advantage. In a worrisome trend, governments, particularly like the U.S. are giving in to companies' lobbying for cash, regulatory rollbacks, tax changes that benefit the industry and other special emission concessions. As manufacturing factories are pushed to make up for lost time and business losses, governments are suddenly issuing a lot more permits for new plant construction which carry serious long-term implications for the environment. Majority of polluting industries are exploiting the opportunity to sideline regulations intended to protect the environment and public health. Climate mitigation endeavors are slated to be dented by lopsided COVID-19 response plans announced by various countries to fuel economy coupled with rollback of stringent pollution-related norms. The situation is further exacerbated by biased focus of governments on reviving the economy, even on the expense of climate mitigation efforts. Several countries are bailing out polluting industries and relaxing regulations pertaining to pollution control and monitoring. Leading economies including the US and Europe are aggressively supporting industries, including polluting units, and accelerating permits for coal-fired power generation. In addition, various governments are offering stimulus packages and suspending taxes and fees for polluting industries to drive economic activity. While these strategies are intended to augment economic growth and create new job opportunities, they also give sustainability a major setback.

Now is the time to foresee and prevent environmental degradation. Although the present economic scenario does not warrant additional investments in energy infrastructure owing to the low demand, governments and businesses should take advantage of the attractive pricing at the moment to initiate infrastructure buildup for alternative energy as part of long-term strategy to decrease dependence on fossil fuels. For instance, to achieve net zero emissions, renewable energy would have to account for about three-fourths of energy supply, and investments in alternative energy would aid countries and companies to achieve this goal at a faster rate. Governments can also aid in improving sustainability by promoting innovation and disruptive technologies that can aid sustainability measures. Governments should try to link economic support with sustainability measures and should find ways to blunt the effect of any politically adverse reactions through proper implementation and communication. The pandemic provides the perfect opportunity for increased shift towards alternative energy. Even though fossil fuel-based energy has become cheap owing to economic slowdown, alternative energy is the future for a sustainable planet. With a green recovery from COVID-19 being the only meaningful recovery, investments in Industrial Energy Management Systems (IEMS) is poised for a quick rebound from the current slump.

Select Competitors (Total 73 Featured):
  • ABB Ltd.
  • AECOM
  • ARCHIBUS, Inc.
  • Autodesk, Inc.
  • C3 Energy
  • Cascade Energy Inc.
  • Cypress Envirosystems
  • Eaton Corporation Plc
  • Emerson Electric Company
  • Enel X S.r.l
  • ENERGYai
  • General Electric Company
  • GridPoint, Inc.
  • Honeywell International Inc.
  • IBM Corporation
  • Lightapp Technologies
  • Mitsubishi Electric Corporation
  • Opto22
  • Rockwell Automation, Inc.
  • SAP SE
  • Schneider Electric SE
  • Setpoint Systems Corporation
  • Siemens AG
  • Trane Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • The Value of Energy Efficiency is Greater Now than Ever Before. Here’s Why…
  • Energy Efficiency Improvements Are Slowing & This Means Massive Lost Opportunity for the Global Economy
  • Exhibit 1: Energy Efficiency Achievement Is Declining After Over a Decade of Steady Gains Highlighting a Need for More Dedicated Policy Led Focus on the Environment: Globally Achieved Energy Efficiency Rates (In %) for the Years 2000, 2010, 2015, 2016, 2017, 2018, 2019 & 2020
  • Exhibit 2: Falling Energy Efficiency Rates Expose Lost Opportunities & Massive Losses in Productivity Gains for the Global Economy: Energy Productivity Gains (In US$ Trillion) Actual Vs Projected Improvement at 3%
  • The Pandemic Has Shown the World That Human & Planetary Health Cannot be Decoupled
  • Exhibit 3: Low Carbon Pathways for the Industrial Sector is Vital for a Pandemic & Disaster Free Sustainable World: Annual CO2 Emissions (In Billion Tons) by Country
  • COVID-19 Forces World Leaders to Wake Up from Climate Change Denial & Apathy. Post Pandemic is Touted to a be a New Era for Environmental Technologies
  • Exhibit 4: Weathering the Economic Storm Does Not Mean Disregarding the Environment! Now is the Time for a World Which Prioritized Defense Over Health & Environment to Wake Up: Global Defense, Health & Energy R&D as a % of GDP
  • So What is Industrial Energy Management System (IEMS) & It Role in Conserving Energy and Driving Energy Efficiency?
  • Regulatory Tools for Implementing Industrial Energy Efficiency
  • Recent Market Activity
  • Innovations
2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS
  • COVID-19 Creates Short-Term Double Trouble for Environmental Technologies
  • A Crashing Economy Creates Financial Chaos that Challenges Continued Investments in Energy Efficiency Technologies
  • Widening Government Fiscal Deficits & Growing Business Losses Throws IEMS On the Chopping Block
  • Exhibit 5: Virus Induced Recession Impacts Businesses Across Sectors & Complicates Environmental Compliance by Creating Operational & Financial Challenges: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
  • Exhibit 6: Liquidity Crisis Triggered by the Virus Led Recession Erodes Investments in Climate Change Strategies: Global Investments in Clean Energy & Efficiency Technologies (In US$ Billion) for the Years 2018, 2019 & 2020
  • Exhibit 7: Staying On Course With Environmental Goals in the Time of COVID-19 Remains a Challenge: Job Losses in Clean Energy Sector in the United States (In 000s)
  • Exhibit 8: U.S. Government Budget Deficits (In US$ Billion) for the Years 2007, 2010, 2012, 2014, 2018, 2020, 2022
  • Exhibit 9: Innovation in Clean Technologies Heavily Correlates With Oil Prices Explaining Why R&D Declines When Oil Prices Drop: Global Oil Prices (In US$ Per Barrel) & Low Carbon Patent Filing as % Share of Total Patents Filed
  • In a Biggest Setback Ever for the Environment, Misguided Government COVID-19 Response of Bailing Out Polluting Industries & Rolling Back Emission Standards Threatens to Worsen Climate Change Risks
  • Different Forms of Support Offered by Major Economies to Polluting Sectors
  • COVID-19 Induced Reduction in Emissions as a Result of Lockdowns & Lower Industrial Output Is Just a Temporary Distraction, Masking the Brewing of a More Polluted Future
  • Exhibit 10: Lower CO2 Emissions in 2020 is No Reason to Cheer: Global Annual Increase/Decrease in Energy-Related CO2 Emissions for Years 2000, 2005, 2010, 2015, 2017, 2019 & 2020 (In Gigatons (Gt) Per Year)
  • Exhibit 11: Slumping GDP & Manufacturing PMI Sends Industrial Output Crashing & Emissions Plummeting: Global Industrial Output Growth (In %) Dec to May 2020 by Country
  • A Review of the Hostile Business Climate in Key End-User Industries Responsible for the Slumping Demand for IEMS in the Year 2020
  • Falling Demand for Electronics Ravages the Electronics End-Use Industry
  • Exhibit 12: Measuring the Impact of COVID-19 On the Semiconductor Industry in Terms of Disruption & Time to Recovery (In Months) as of May 2020
  • Exhibit 13: Supply Chain Disruptions Impact a Large Number of Electronic Manufacturers: % Share of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of May 2020
  • Exhibit 14: Rapidly Eroding Consumer Confidence Thwarts Hopes for a Quick Recovery: Global Consumer Confidence Index Points for 4Q2019, 1Q2020 & 2Q2020
  • Exhibit 15: Shrinking Disposable Incomes Impact Consumer Demand for Electronics & Prospects for IEMS in this Sector: Global 1Q Sell-In Shipments of Electronic Products Estimated in Jan-2020 Vs March 2020 (In Million Units)
  • Plummeting Automobile Sales & Production Plant Closures Overshadows IEMS in Auto Plants
  • Exhibit 16: Automobile Production % YoY Change Across Select Countries: 2020 Vs 2019
  • Exhibit 17: Reduction in Automotive Demand in 2020 (In Million Vehicles)
  • Caught in the COVID-19 Storm Troubled & Distressed Oil & Gas Companies Slash CAPEX, Disrupting Opportunities for IEMS
  • Exhibit 18: CAPEX Cuts in the O&G Industry Puts Investments on IEMS Into the Back Burner: Global Oil & Gas E&P Industry Spending (2015-2021E)
  • Exhibit 19: Drop in Oil Demand Current Recession Vs Other Recessions (In %)
  • A Slumping Manufacturing Industry Creates a Bleak Outlook for IEMS
  • Exhibit 20: Manufacturing Industry Bites the Dust Severing Business as Usual Opportunities for IEMS in this Sector: Global PMI Index Points for the Years 2018, 2019 & 2020
  • Exhibit 21: Despite Moves to Reopen the Economy, Battered Business Confidence Plummets to New Depths: Business Confidence Index (BCI) Points
  • IneviTable Rise in Energy Demand Post COVID-19 to Bring Energy Efficiency Back Into the Spotlight
  • Exhibit 22: Primary Energy Demand Slumps in the Year 2020 as COVID-19 Wreaks Havoc On Business-As-Usual Business Environment: % Change in Global Primary Energy Demand by Energy Type 2019 Vs 2020
  • Exhibit 23: Global Energy Production by Energy Source (2030 & 2040): Breakdown of Electricity (Billion Kilowatt Hours) and Percentage Share for Petroleum, Nuclear, Natural Gas, Coal and Renewables
  • Unforgivable Levels of Energy Wastes Brings Power Monitoring Into the Spotlight as the First Step Towards Achieving Energy Efficiency
  • Exhibit 24: The World is Wasting More Energy than It Uses Even as Global Leaders Strategize to Reduce Carbon Emissions & Climate Change. The Time is Now Right for Energy Efficiency Solutions: Energy Use Efficiency & Wastages in the U.S. (In Quadrillion British Thermal Units)
  • Tighter & Stricter Regulations Post COVID-19 Will Be Essential to Curb Carbon Emissions, Providing Regulatory Driven Stability to IEMS Deployments
  • Energy Intensive Industries Are Important Consumer Clusters for IEMS
  • The Journey Towards a Sustainable Future Begins With Automation in Energy Intensive Industries
  • COVID-19 Creates a Tipping Point for Automation Technologies
  • Exhibit 25: The COVID-19 Pandemic Is Reinforcing the Trend Towards Automation: Global Factory & Process Automation Market (In US$ Billion)
  • Exhibit 26: COVID-19 Drives Businesses to Identify Processes That Can Benefit from Automation Which Until Now Were Undiscovered: Worldwide Stock of Operative Industrial Robots (In Million)
  • Automation in the Absence of IEMS. Can It Guarantee Energy Efficiency?
  • SCADA: A Key IEMS Technology Poised for Robust Long-Term Growth
  • The Time is Ripe for Leveraging IoT for Smart Energy Management
  • Exhibit 27: Ability of IoT Powered Energy Management Systems to Predict Consumption & Spending Spurs Interest in the Technology: Global Industrial IoT Market (In US$ Billion)
  • Despite Technology Innovations & Falling Costs of Renewables, Energy Prices Continues to Rise, Strengthening the Business Case for IEMS
  • Exhibit 28: Rising Electricity Prices Amid a Tough Economic & Business Climate Step Up the Pressure to Achieve Energy Savings Via Efficiency Improvements: Global Electricity Prices (In US$ Per Kilowatt Hour) for the Years 2018 & 2020 by Country
  • Post COVID-19 Emphasis on Building Smart Cities, Will Widen the Role of Energy Management Systems in Smart Grids
  • COVID-19 Highlights the Value of Smart Cities During Times of Crisis
  • Utilities to Increasingly Deploy Smart Electricity Meters
  • Here’s How Role of IEMS Becomes Gets Bigger
  • Exhibit 29: Intelligent Data Feedback Offered by Smart Meters to Remote Centers to Benefit Deployment of More Proactive Energy Management Systems: Global Market for Smart Electricity Meters (In US$ Million) for the Years 2020, 2022, 2024, 2027 by Geographic Region/Country
  • COVID-19 Induced Digital Transformation to Drive the Popularity of Cloud-Based Energy Management Systems (IEMaaS)
  • Exhibit 30: At a Time When Automation & Remote Enablement Are Becoming Vital Platforms for Supporting a Digital Workforce, Cloud Based Energy Management is Growing Strong: WFM Employees as a % of the Total Workforce
  • Standardized & Certified IEMS Key to Realizing Multifarious Energy-related & Non-energy Benefits
4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS
  • UNITED STATES
  • CANADA
  • JAPAN
  • CHINA
  • EUROPE
  • FRANCE
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • INDIA
  • SOUTH KOREA
  • REST OF ASIA-PACIFIC
  • LATIN AMERICA
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • AFRICA
IV. COMPETITION
  • Total Companies Profiled: 73
Note: Product cover images may vary from those shown
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