Europe Energy Management System market share will witness growth owing to surging electricity demand coupled with increasing government measures to mitigate carbon emissions. Accelerating demand for smart building along with strong market competition is leading to reduced product pricing, in turn encouraging the system implementation. Ongoing research & development activities accompanied by technological innovations is set to augment the business landscape.

BEMS will gain an appreciable momentum on account of refurbishment of traditional establishments along with rising infrastructural development of smart buildings. Moreover, growing end user focus toward adoption of energy efficient solutions and reduction in electricity bill is anticipated to drive the system penetration. Robust technological advancement is influencing the manufacturers attention toward equipment performance, analyzing load fluctuation further accelerating the industry outlook.

Escalating need for timely detection of issues relating to power quality combined with ability to make informed decisions to enhance output is set to augment the sensors energy management system market growth. Adoption of IOT and digitalized devices with machine learning, big data collection and processing methods is further favoring consumer acceptance toward smart homes concept.

Software EMS market is anticipated to grow as a result of increasing requirement to monitor and control energy utilization in the application areas to enhance productivity and reduce cost. The transport application produces maximum amount of pollution which is escalating the need for environment conservation further fueling the service adoption. Moreover, rising expenditure incurred in procurement of energy is diverting manufacturers attention toward assessing, visualizing and monitoring energy consumption.

Power and energy application will witness growth owing to surging requirement to monitor the electrical machinery.  Moreover, EMS offer indicators regarding maintenance of electrical systems including transformers, pumps in commercial and industrial areas in turn boosting the market share. Surging electricity demand from manufacturing industries and new market entrants to magnify the production will fuel the system demand.

Italy will witness considerable growth on account of increasing focus and dependency on renewable source of energy for generating power. Rising funding toward development of commercial spaces coupled with escalating electricity consumption will support the need for better and improved energy efficient solutions. Soaring attention toward building better healthcare centers owing to sudden outbreak of coronavirus will further foster the business landscape.

Companies are focusing more toward research and development to strengthen their market share through new product development, expansions & acquisitions. The major industry players in Europe market include Emerson, Rockwell Automation, ABB, eSight Energy, Schneider Electric, Johnsons Controls, Honeywell International and Siemens amongst others.