0
0
Read Time:9 Minute, 30 Second
The Smart Energy Management Market is expected to grow at a CAGR of 15% from 2022 to reach $47.64 billion by 2029. Rising energy consumption, increasing awareness about carbon footprint management, growing inclination towards efficient energy management, and increasing investment in smart energy infrastructure are the major factors driving the growth of this market. In addition, upcoming smart city projects in developing economies are expected to offer significant growth opportunities for the growth of this market. However, the high initial deployment cost and lack of financial resources restrain the growth of this market up to a certain extent.
Here are the top 10 companies operating in the Smart Energy Management Market
Founded in 1988 and headquartered in Zurich, Switzerland, Asea Brown Boveri is a pioneering technology leader that offers its products and services to the utilities, industrial, transportation, and infrastructure sectors. The company offers a wide range of products, systems, and services to increase the energy efficiency, reliability, and productivity of its customers. The company’s energy management portfolio enables electrical installers, building owners, facilities, and energy managers to collect and visualize their data on-site and remotely. The company’s ABB Ability offers an array of digital solutions to enable energy transitions, green energy use, industrial efficiency, and monitoring and managing of energy consumption. The company operates in the market through five segments: Electrification, Motion, Process Automation, and Robotics & Discrete Automation.
Through its subsidiaries and strong distribution network, the company has a geographical presence across Europe, the U.S., China, the rest of AMEA, and the rest of the Americas. Some of its subsidiaries are Shanghai Chargedot New Energy Technology Co, Ltd. (China), InCharge Energy (U.S.), ASTI Mobile Robotics (Spain), ABB eMobility Digital Venture GmBH (Germany), and ABB Bailey Japan Limited (Japan). As of 2021, the company had a headcount of 105,000 employees globally.
Schneider Electric SE
Founded in 1836 and headquartered in Rueil-Malmaison, France, Schneider Electric SE is an automation and energy management company. The company’s offerings are categorized into residential and small business, building automation and control, low voltage products and systems, solar and energy storage, access to energy, medium voltage distribution and grid automation, critical power cooling and racks, and industrial automation & control. The company also offers consulting & training services and digital solutions for energy & automation.
Schneider Electric’s Energy Management System (EMS) provides transmission operators with greater insight into transmission and sub-transmission networks, with the ability to operate either as a stand-alone system or fully integrated with Schneider Electric’s ADMS. With applications for state estimation, load flow, optimal power flow, contingency analysis, fault calculation, optimal topology change, performance indices, and voltage stability, Schneider Electric’s Energy Management System (EMS) allows utilities to better visualize, operate, optimize, and maintain transmission and sub-transmission networks. The company operates through two business segments: Energy Management and Industrial Automation.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and other countries. Some of its subsidiaries are Luminous Power Technologies (India), Clipsal (South Australia), ASCO Power Technologies (U.S.), and Schneider Electric DMS (Serbia). As of 2021, the company had a headcount of 166,025 employees globally.
Founded in 1892 and headquartered in Boston, U.S., General Electric Company is a high-tech industrial company that operates globally through its four business segments: Aviation, Healthcare, Renewable Energy, and Power. The company’s offerings include commercial and military aircraft engines and systems; healthcare systems and pharmaceutical diagnostics; wind and other renewable energy generation equipment and grid solutions; and gas, steam, nuclear, and other power generation equipment. The company offers solutions to modernize the grid using renewable energy. GE’s Advanced EMS integrates the power of EMS, renewables, WAMS, and analytics to enable energy operators to better operate, optimize, and analyze while minimizing risk and increasing flexibility.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are GE Energy Power Conversion USA Inc. (U.S.), GE Renewable Energy (France), General Electric Japan Ltd. (Japan), and Engine Alliance (U.S.). As of 2021, the company had a headcount of 168,000 employees globally
Johnson Controls International Plc
Founded in 1885 and headquartered in Cork, Ireland, Johnson Controls is a global leader in smart and sustainable buildings, serving a wide range of customers in more than 150 countries. The company is a global leader in engineering, manufacturing, and commissioning building products and systems, including residential and commercial HVAC equipment, industrial refrigeration systems, security systems, fire detection systems, and fire-suppression solutions.
The company also offers technical services, including maintenance, management, repair, retrofit, equipment replacement (in the HVAC, industrial refrigeration, security, and fire-protection space), energy-management consulting, and data-driven smart building services and solutions powered by its OpenBlue software platform and capabilities. Johnson Controls operates through four business segments: Building Solutions North America, Global Products, Building Solutions EMEA/LA, and Building Solutions Asia Pacific.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are SimplexGrinnell (U.S.), VARTA AG. (Germany), Tyco Integrated Security (U.S.), and Silent-Aire Limited Partnership (Canada). As of 2021, the company had a headcount of 101,000 employees globally.
Founded in 1847 and headquartered in Munich, Germany, Siemens is a technology company that caters to the industry, infrastructure, transport, and healthcare sectors. The company’s offerings include automation and digitalization in the process and manufacturing industries, intelligent infrastructure for buildings and distributed energy systems, smart mobility solutions for rail and road, and medical technology and digital healthcare services. Siemens’ Energy Management Division provides smart grid and energy automation solutions, power supply for industrial plants, and high-voltage transmission systems. The company operates through six business segments: Digital Industries, Smart Infrastructure, Mobility, Siemens Healthineers, SFS (Siemens Financial Services), and Others.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are Mentor Graphics (U.S.), Siemens Switzerland AG (Switzerland), Fluence (U.S.), and Valeo Siemens eAutomotive GmbH (Germany). As of 2021, the company had a headcount of 303,000 employees globally.
Meticulous Research in its latest publication on Smart Energy Management Market has predicted the growth of 15% during the forecast year 2022-2029.
Emerson Electric Co.
Founded in 1890 and headquartered in Missouri, U.S., Emerson Electric is engaged in designing and manufacturing products and delivering technology and engineering services. The company manufactures products and provides services to industrial, commercial, and residential markets. Emerson Electric provides monitoring, control, and predictive solutions to optimize energy performance. Emerson Electric operates in the market through two business segments: Automation Solutions and Commercial & Residential Solutions. The company provides energy management solutions through its Automation Solution segment
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are Rosemount Inc. (U.S.), Therm-O-Disc (U.S.), Open System International (Minnesota), and EGS Electric Group LLC (U.K.). As of 2021, the company had a headcount of 86,700 employees globally.
Founded in 1984 and headquartered in California, U.S., Cisco Systems designs and sells a broad range of technologies that power the Internet. Cisco Systems also offers a broad range of services, including technical support services and advanced services. The company’s offerings cater to several verticals, such as public institutions, governments, and service providers, including large webscale providers. The company provides Cisco EnergyWise, an energy management architecture designed to measure and optimize power consumption. Cisco Systems operates through five business segments: Infrastructure Platforms, Application, Security, Other Products, and Services.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are Kenna Security, Inc. (U.S.), Fluidmesh Networks (U.K.), CloudLock (U.S), Acacia Communications, Inc. (U.S.), and Epsagon Ltd. (U.S.). As of 2021, the company had a headcount of 79,500 employees globally.
Robert Bosch GmbH
Founded in 1886 and headquartered in Gerlingen, Germany, Robert Bosch is a global supplier of technology and services. Robert Bosch is a leading IoT provider and offers innovative solutions for smart homes, Industry 4.0, and connected mobility. Through its expertise in sensor technology, software, services, and its own IoT cloud, the company offers its customers connected, cross-domain solutions from a single source. The company operates through four business segments: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy & Building Technology.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are Bosch Rexroth AG (Germany), BSH Hausgerate GmbH (Germany), Dremel (U.S.), and ETAS (Germany).
Founded in 1906 and headquartered in North Carolina, U.S., Honeywell International Inc. is a technology and manufacturing company. The company’s offerings cater to the healthcare, aerospace, building & cities, chemicals & materials, industrial & manufacturing, retail, safety, and supply chain sectors. The company operates through four business segments: aerospace, building technologies, performance materials and technologies, and safety and productivity solutions. Through its Building Technologies segment, the company offers advanced software applications for building control and optimization; sensors, switches, control systems, and instruments for energy management; access control; video surveillance; fire products; remote patient monitoring systems; and installation, maintenance, and upgrades of systems.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the U.S., Europe, and other countries. Some of its subsidiaries are Honeywell Aerospace (U.S.), Notifier (U.S.), Alerton (U.S.), and Elster GmbH (Germany). As of 2021, the company had a headcount of 99,000 employees globally.
NEC Corporation
Founded in 1899 and headquartered in Tokyo, Japan, NEC Corporation is a multinational information technology and electronics company. The company provides biometric authentication solutions, software services for service providers, and large-scale energy storage systems for international markets. NEC provides intelligent systems designed to monitor and control the energy consumption of homes (Home Energy Management System), buildings/offices (Building Energy Management System), and estates/campuses. The company operates through six business segments: Public Solution Business, Public Infrastructure Business, Enterprise Business, Network Services Business, Global Business, and Others.
Through its subsidiaries and strong distribution network, the company has a geographical presence across the Americas, Asia-Pacific, Europe, and the Middle East & Africa. Some of its subsidiaries are AT&T Communications (U.S.), Leap Wireless International, Inc. (U.S.), and AT&T Teleholdings, Inc. (U.S.). As of 2021, the company had a headcount of 115,000 employees globally.
Authoritative Research on the Smart Energy Management Market – Global Opportunity Analysis and Industry Forecast (2022-2029)
Need more information? Meticulous Research®’s new report covers each of these companies in much more detail, providing analysis on the following:
- Recent financial performance
- Key products
- Significant company strategies
- Partnerships and acquisitions
The Comprehensive report provides global market size estimates, market share analysis, revenue numbers, and coverage of key issues and trends.
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
