Energy management software market 2023-2027: A descriptive analysis of five forces model, market dynamics, and segmentation - Technavio

NEW YORK, Jan. 17, 2023 /PRNewswire/ -- According to Technavio, the global energy management software market size is estimated to grow by USD 12596.81 million from 2022 to 2027. The market is estimated to grow at a CAGR of 10.11% during the forecast period. North America will account for 33% of the market's growth during the forecast period.

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Global energy management software market - Five forces
The global energy management software market is fragmented, and the five forces analysis covers– 

• Bargaining Power of Buyers 
• The threat of New Entrants
• Threat of Rivalry
• Bargaining Power of Suppliers
• Threat of Substitutes
• Interpretation of porter's five models helps to strategize the business, for entire details – buy the report!

Global energy management software market – Customer landscape 

The report includes the market's adoption lifecycle, from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global energy management software market - Segmentation assessment

Segment overview
Technavio has segmented the market based on end-user (power industry, construction, and others), application (commercial and residential), and geography (North America, Europe, APAC, Middle East and Africa, and South America). 

• The market share growth of the power industry segment will be higher than the other segments during the forecast period. The increased demand for resource management, security, and effective operational processes is the primary driver of the power segment's growth. The demand for operational digitization is primarily driven by the need to improve operational efficiencies, cost reduction, real-time tracking, and compliance standards.

Geography overview
By geography, the global energy management software market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global energy management software market.

• North America will account for 33% of the market's growth during the forecast period. The region is making a significant contribution to the industry due to rising energy prices and a growing emphasis on using conventional or non-conventional energy sources to meet demand.

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Global energy management software market – Market dynamics
Key factor driving market growth

• The need for solutions that bring cost reduction is one of the key drivers supporting market growth.
• The demand for efficient energy management software grows as businesses focus on planning and managing the necessary resource for optimal product outputs.
• Automation of processes is the fundamental objective of energy management software in order to maximize outputs through resource management. The software can also be used to quickly increase income potential by calculating conversion ratios and running reports to track the metrics particular to consumer demand. These features help to save operational costs.
• As a result, it is expected that the market for energy management software would be driven by the advantages of cost reduction throughout the forecast period.

Leading trends influencing the market 

• The adoption of cloud-based energy management software is a key trend supporting market growth.
• The software frequently gives web-based browser access to the application, allowing users to simultaneously log in to the management system from any internet-capable device while the admin configures the access level for the business.
• Additionally, a cloud-based solution is designed to be flexible with growing capacity. This happens because if the business's needs change or if its energy needs increase or decrease, the energy management software will expand or contract accordingly. The quantity of users and the required amount of storage are major factors that affect the cost of cloud-based energy management software. These variables will drive market growth during the forecast period.

Major challenges hindering market growth

• The rising number of open-source platforms for energy management software is one of the factors hindering the market growth.
• The growing demand for digitization in the market has increased the industry's requirement for open-source software. There are many different business analytics tools and applications available from the developers of open-source platforms. These kinds of feature-rich software are freely available online.
• These platforms have also demonstrated scalability, dependability, and robustness under the worst conditions. They can assist a business in growing faster and more quickly, or they can assist it in consolidating and doing more with less money. Due to the existence of open-source platforms for energy management software, it is projected that the market's growth would be restrained during the projection period.

Driver, Trend & Challenges are the factor of market dynamics which states about consequences & sustainability of the businesses, find some insights from a sample report!

What are the key data covered in this energy management software market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the energy management software market between 2023 and 2027
• Precise estimation of the size of the energy management software market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the energy management software market across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of energy management software market vendors

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Table of Contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global energy management software market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on Global energy management software market 2017 - 2021 ($ million)

• 4.2 End-user Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 - 2021 ($ million)

• 4.3 Application Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments 
• Exhibit 30: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user - Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Power industry - Market size and forecast 2022-2027
• Exhibit 34: Chart on Power industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Power industry - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Power industry - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Power industry - Year-over-year growth 2022-2027 (%)

• 6.4 Construction - Market size and forecast 2022-2027
• Exhibit 38: Chart on Construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Construction - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Construction - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Construction - Year-over-year growth 2022-2027 (%)

• 6.5 Others - Market size and forecast 2022-2027
• Exhibit 42: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 43: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 44: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by End-user 
• Exhibit 46: Market opportunity by End-user ($ million)

7 Market Segmentation by Application

• 7.1 Market segments 
• Exhibit 47: Chart on Application - Market share 2022-2027 (%)
• Exhibit 48: Data Table on Application - Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 49: Chart on Comparison by Application
• Exhibit 50: Data Table on Comparison by Application

• 7.3 Commercial - Market size and forecast 2022-2027
• Exhibit 51: Chart on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Commercial - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Commercial - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Commercial - Year-over-year growth 2022-2027 (%)

• 7.4 Residential - Market size and forecast 2022-2027
• Exhibit 55: Chart on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Residential - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Residential - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Residential - Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 59: Market opportunity by Application ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 North America - Market size and forecast 2022-2027
• Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 77: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.7 South America - Market size and forecast 2022-2027
• Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 UK - Market size and forecast 2022-2027
• Exhibit 97: Chart on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on UK - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on UK - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on UK - Year-over-year growth 2022-2027 (%)

• 9.12 France - Market size and forecast 2022-2027
• Exhibit 101: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 ABB Ltd. 
• Exhibit 112: ABB Ltd. - Overview
• Exhibit 113: ABB Ltd. - Business segments
• Exhibit 114: ABB Ltd. - Key news
• Exhibit 115: ABB Ltd. - Key offerings
• Exhibit 116: ABB Ltd. - Segment focus

• 12.4 Broadcom Inc. 
• Exhibit 117: Broadcom Inc. - Overview
• Exhibit 118: Broadcom Inc. - Business segments
• Exhibit 119: Broadcom Inc. - Key news
• Exhibit 120: Broadcom Inc. - Key offerings
• Exhibit 121: Broadcom Inc. - Segment focus

• 12.5 C3.ai Inc. 
• Exhibit 122: C3.ai Inc. - Overview
• Exhibit 123: C3.ai Inc. - Business segments
• Exhibit 124: C3.ai Inc. - Key offerings
• Exhibit 125: C3.ai Inc. - Segment focus

• 12.6 Eaton Corp. Plc 
• Exhibit 126: Eaton Corp. Plc - Overview
• Exhibit 127: Eaton Corp. Plc - Business segments
• Exhibit 128: Eaton Corp. Plc - Key news
• Exhibit 129: Eaton Corp. Plc - Key offerings
• Exhibit 130: Eaton Corp. Plc - Segment focus

• 12.7 Emerson Electric Co 
• Exhibit 131: Emerson Electric Co - Overview
• Exhibit 132: Emerson Electric Co - Business segments
• Exhibit 133: Emerson Electric Co - Key news
• Exhibit 134: Emerson Electric Co - Key offerings
• Exhibit 135: Emerson Electric Co - Segment focus

• 12.8 ENGIE SA 
• Exhibit 136: ENGIE SA - Overview
• Exhibit 137: ENGIE SA - Business segments
• Exhibit 138: ENGIE SA - Key offerings
• Exhibit 139: ENGIE SA - Segment focus

• 12.9 Envizi 
• Exhibit 140: Envizi - Overview
• Exhibit 141: Envizi - Product / Service
• Exhibit 142: Envizi - Key offerings

• 12.10 General Electric Co. 
• Exhibit 143: General Electric Co. - Overview
• Exhibit 144: General Electric Co. - Business segments
• Exhibit 145: General Electric Co. - Key news
• Exhibit 146: General Electric Co. - Key offerings
• Exhibit 147: General Electric Co. - Segment focus

• 12.11 Honeywell International Inc. 
• Exhibit 148: Honeywell International Inc. - Overview
• Exhibit 149: Honeywell International Inc. - Business segments
• Exhibit 150: Honeywell International Inc. - Key news
• Exhibit 151: Honeywell International Inc. - Key offerings
• Exhibit 152: Honeywell International Inc. - Segment focus

• 12.12 International Business Machines Corp.
• Exhibit 153: International Business Machines Corp. - Overview
• Exhibit 154: International Business Machines Corp. - Business segments
• Exhibit 155: International Business Machines Corp. - Key news
• Exhibit 156: International Business Machines Corp. - Key offerings
• Exhibit 157: International Business Machines Corp. - Segment focus

• 12.13 Itron Inc. 
• Exhibit 158: Itron Inc. - Overview
• Exhibit 159: Itron Inc. - Business segments
• Exhibit 160: Itron Inc. - Key offerings
• Exhibit 161: Itron Inc. - Segment focus

• 12.14 MRI Software LLC 
• Exhibit 162: MRI Software LLC - Overview
• Exhibit 163: MRI Software LLC - Product / Service
• Exhibit 164: MRI Software LLC - Key offerings

• 12.15 SAP SE 
• Exhibit 165: SAP SE - Overview
• Exhibit 166: SAP SE - Business segments
• Exhibit 167: SAP SE - Key news
• Exhibit 168: SAP SE - Key offerings
• Exhibit 169: SAP SE - Segment focus

• 12.16 Schneider Electric SE 
• Exhibit 170: Schneider Electric SE - Overview
• Exhibit 171: Schneider Electric SE - Business segments
• Exhibit 172: Schneider Electric SE - Key news
• Exhibit 173: Schneider Electric SE - Key offerings
• Exhibit 174: Schneider Electric SE - Segment focus

• 12.17 Siemens AG 
• Exhibit 175: Siemens AG - Overview
• Exhibit 176: Siemens AG - Business segments
• Exhibit 177: Siemens AG - Key news
• Exhibit 178: Siemens AG - Key offerings
• Exhibit 179: Siemens AG - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 180: Inclusions checklist
• Exhibit 181: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 182: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 183: Research methodology
• Exhibit 184: Validation techniques employed for market sizing
• Exhibit 185: Information sources

• 13.5 List of abbreviations 
• Exhibit 186: List of abbreviations

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