The global energy portfolio management market is expected to be valued at USD 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 to 2033, totaling around 12,947.66 million by 2033.
| Data Points | Key Statistics |
|---|---|
| Energy Portfolio Management Market Value 2023 | USD 4,022.80 million |
| Energy Portfolio Management Market Projected Value (2033) | USD 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.
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 USD 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.
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 USD 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.
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 | USD 4,022.80 million |
| Market Value in 2033 | USD 12,947.66 million |
| Base Year for Estimates | 2022 |
| Historical Data | 2018 to 2022 |
| Forecast Period | 2023 to 2033 |
| Quantitative Units | Revenue in USD million and CAGR from 2023 to 2033 |
| Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | End User, Deployment, Region |
| Regions Covered | North America; Latin America; Europe; The Asia Pacific; The Middle East and Africa |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, China, Japan, South Korea, Malaysia, Singapore, Australia, New Zealand, GCC, South Africa, Israel |
| Key Companies Profiled | Eaton Corporation PLC; ABB Ltd.; Siemens AG; Schneider Electric; International Business Machines Corporation; C.A Technologies; SAP SE; Emerson Electric Co.; Honeywell International Inc.; Watchwire |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 2: Global Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 3: Global Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 4: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 5: North America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 6: North America Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 7: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 8: Latin America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 9: Latin America Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Western Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 12: Western Europe Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Eastern Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 15: Eastern Europe Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: East Asia Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by Deployment, 2018 to 2033
Figure 1: Global Market Value (US$ Million) by End User, 2023 to 2033
Figure 2: Global Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 3: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 5: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 6: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 7: Global Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 8: Global Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 9: Global Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 13: Global Market Attractiveness by End User, 2023 to 2033
Figure 14: Global Market Attractiveness by Deployment, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by End User, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 28: North America Market Attractiveness by End User, 2023 to 2033
Figure 29: North America Market Attractiveness by Deployment, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by End User, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 43: Latin America Market Attractiveness by End User, 2023 to 2033
Figure 44: Latin America Market Attractiveness by Deployment, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Western Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 47: Western Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 48: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Western Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 58: Western Europe Market Attractiveness by End User, 2023 to 2033
Figure 59: Western Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 60: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: Eastern Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 62: Eastern Europe Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 73: Eastern Europe Market Attractiveness by End User, 2023 to 2033
Figure 74: Eastern Europe Market Attractiveness by Deployment, 2023 to 2033
Figure 75: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 76: South Asia and Pacific Market Value (US$ Million) by End User, 2023 to 2033
Figure 77: South Asia and Pacific Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 88: South Asia and Pacific Market Attractiveness by End User, 2023 to 2033
Figure 89: South Asia and Pacific Market Attractiveness by Deployment, 2023 to 2033
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 91: East Asia Market Value (US$ Million) by End User, 2023 to 2033
Figure 92: East Asia Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 93: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: East Asia Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 98: East Asia Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 100: East Asia Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 101: East Asia Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 103: East Asia Market Attractiveness by End User, 2023 to 2033
Figure 104: East Asia Market Attractiveness by Deployment, 2023 to 2033
Figure 105: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 106: Middle East and Africa Market Value (US$ Million) by End User, 2023 to 2033
Figure 107: Middle East and Africa Market Value (US$ Million) by Deployment, 2023 to 2033
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by Deployment, 2018 to 2033
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by Deployment, 2023 to 2033
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by Deployment, 2023 to 2033
Figure 118: Middle East and Africa Market Attractiveness by End User, 2023 to 2033
Figure 119: Middle East and Africa Market Attractiveness by Deployment, 2023 to 2033
Figure 120: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The global energy portfolio management market value is estimated to be USD 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.
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Energy Portfolio Management Market
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