Energy Management Systems Market Size, Share, Industry Analysis by 2027 researchcmfe.com

The Energy Management System Market size was USD 8.64 billion in 2019 and expected to reach USD 19.12 billion by 2027; this converts into a compound annual growth rate (CAGR) of 10.44% for the forecast period. The energy industry is witnessing the modernization of energy models to improve efficiency. The adoption of EMS in buildings or industrial complexes enables communication with smart power grids, thereby achieving valuable perceptions regarding energy consumption.