Frequently Asked Questions:
COVID-19 has negatively impacted the global energy management systems (EMS) market, leading to a growth slowdown due to supply chain disruptions, delayed projects, and reduced demand. However, the market is expected to recover and grow in the coming years as organizations focus on energy efficiency and cost savings to mitigate the economic impacts of the pandemic.
North America accounted for the most heightened global energy management systems (EMS) market share.
The growing demand for energy-efficient systems to reduce energy consumption and greenhouse gas emissions, government regulations encouraging energy efficiency, rising energy costs, and the increasing utilization of renewable energy sources are the primary drivers of the global energy management systems (EMS) market growth.
The home energy management systems (HEMS) segment had a major share in the global market in 2022.
The cloud-based segment had a major share in the global market.