Connect with us

Technology

Energy Management Systems Market Surges to USD 101.36 Billion by 2030, Propelled by 12.7% CAGR – Verified Market Reports®

Published

on

Verified Market Reports® is pleased to announce the release of its latest market research report on the “Energy Management Systems Market – Trends, Opportunities, and Forecasts,” poised to provide industry leaders and decision-makers with critical insights into this growing sector. This in-depth report provides actionable insights tailored for industry leaders, energy managers, and technology providers aiming to stay ahead of the curve in this dynamic sector.

LEWES, Del., Dec. 17, 2024 /PRNewswire/ — The Global Energy Management Systems Market is projected to grow at a CAGR of 12.7% from 2024 to 2030, according to a new report published by  Verified Market Reports®. The report reveals that the market was valued at USD 33.83 Billion in 2023 and is expected to reach USD 101.36 Billion by the end of the forecast period.

The Energy Management Systems (EMS) market is driven by the increasing demand for energy efficiency, growing adoption of smart grids, and the rising focus on reducing carbon emissions. Governments worldwide are implementing stringent regulations and offering incentives to promote energy conservation, which further boosts EMS adoption. Additionally, advancements in IoT, AI, and data analytics enable real-time energy monitoring, enhancing operational efficiency for businesses.

However, the market faces restraints such as high initial implementation costs and complexities in integrating EMS with existing infrastructure. Limited awareness about the long-term benefits of EMS, especially in developing regions, also hinders market growth. Despite these challenges, the increasing need for cost optimization and sustainability goals continues to fuel the demand for energy management solutions globally.

Download PDF Brochure: https://www.verifiedmarketreports.com/download-sample/?rid=506749

Browse in-depth TOC on Energy Management Systems Market

202 – Pages
126 – Tables
37 – Figures

Scope of The Report

REPORT ATTRIBUTES

DETAILS

STUDY PERIOD

2021-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2021-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

C3 Energy, CA Technologies, Cisco Systems, Eaton Corporation, Elster Group, Emerson Electric Company, FirstFuel Software, General Electric Company, Gridpoint 

SEGMENTS COVERED

By Type, By Application, By Geography

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Global Energy Management Systems Market Overview

Market Drivers Fueling Growth in the Energy Management Systems Market

1. Rising Demand for Energy Efficiency and Cost Optimization

Increasing energy costs and the need for businesses to optimize energy consumption are driving the adoption of Energy Management Systems (EMS). These systems help monitor, analyze, and control energy usage, resulting in significant cost savings. Industries are under pressure to reduce operational expenses, and EMS provides actionable insights for better energy utilization. This growing awareness of energy efficiency benefits is fueling market growth, especially in sectors like manufacturing, healthcare, and commercial buildings.

2. Government Regulations and Sustainability Initiatives

Stringent government policies aimed at reducing carbon emissions and promoting energy conservation are propelling the EMS market. Various governments are offering incentives, subsidies, and tax benefits for implementing energy-efficient technologies. Sustainability goals set by global initiatives like the Paris Agreement are pushing industries to adopt EMS solutions to meet regulatory compliance. This regulatory support, combined with rising corporate commitments to achieve net-zero emissions, is accelerating EMS adoption worldwide.

3. Technological Advancements in IoT, AI, and Smart Grids

The integration of advanced technologies such as IoT, artificial intelligence, and big data analytics is transforming the EMS market. These innovations enable real-time energy monitoring, predictive maintenance, and automated energy optimization, improving operational efficiency. The rise of smart grid infrastructure enhances EMS capabilities by enabling seamless communication between energy suppliers and consumers. This technological evolution empowers industries to make data-driven decisions, driving widespread adoption of EMS solutions globally.

To Purchase a Comprehensive Report Analysis: https://www.verifiedmarketreports.com/download-sample/?rid=506749

Market Restraints Limiting Expansion in the Energy Management Systems Market

1. High Initial Implementation Costs

The significant upfront costs associated with deploying Energy Management Systems (EMS) act as a major restraint for market growth. Expenses related to hardware, software integration, and skilled workforce training often deter small and medium-sized enterprises (SMEs) from adopting these solutions. Additionally, the time required for return on investment (ROI) can be lengthy, making it challenging for businesses with limited budgets to justify the expenditure.

2. Complex Integration with Existing Infrastructure

Integrating EMS with legacy systems and existing infrastructure poses a technical challenge for many organizations. Compatibility issues, outdated technologies, and the need for customized solutions can lead to implementation delays and increased costs. These complexities often discourage businesses from adopting EMS, particularly in industries with rigid, long-established systems that are difficult to upgrade.

3. Lack of Awareness and Skilled Workforce

Limited awareness about the long-term benefits of EMS, especially in developing regions, hinders market adoption. Many organizations lack understanding of how EMS can optimize energy use and drive cost savings. Furthermore, a shortage of skilled professionals capable of managing and analyzing EMS data creates operational challenges. This lack of expertise slows down adoption and limits the effectiveness of EMS solutions in achieving desired energy efficiency outcomes.

Geographic Dominance

The Energy Management Systems (EMS) market demonstrates significant geographic diversity, with North America, Europe, and Asia leading the way in adoption and innovation. North America dominates the market due to stringent energy efficiency regulations, advanced infrastructure, and increased investments in smart grid technology. Europe follows closely, driven by sustainability initiatives, strict carbon reduction targets, and government incentives for energy-efficient solutions.

Asia-Pacific is witnessing rapid growth fueled by industrialization, urbanization, and rising energy consumption in countries like China, India, and Japan. The increasing focus on smart cities and digital transformation further accelerates adoption in this region. Meanwhile, Africa and the rest of the world are gradually embracing EMS, with growing awareness and investments in renewable energy projects. Although adoption in these regions is slower, emerging economies are presenting significant growth opportunities for market players.

Energy Management Systems Market Key Players Shaping the Future

Major players, including C3 Energy, CA Technologies, Cisco Systems, Eaton Corporation, Elster Group, Emerson Electric Company, FirstFuel Software, General Electric Company, Gridpoint and more, play a pivotal role in shaping the future of the Energy Management Systems Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry’s key players.

Energy Management Systems Market Segment Analysis

Based on the research, Verified Market Reports® has segmented the global Energy Management Systems Market into Type, Application and Geography.

Energy Management Systems Market, By TypeSCADAPLCDCSEnergy PlatformsEnergy Management Systems Market, By ApplicationRetailGroceryRestaurant SitesEnergy Management Systems Market, By GeographyNorth AmericaU.SCanadaMexicoEuropeGermanyFranceU.KRest of EuropeAsia PacificChinaJapanIndiaRest of Asia PacificROWMiddle East & AfricaLatin America

Browse Related Reports:

Global Energy Management V2H (Vehicle-To-Home) Power Supply Systems Market By Type (DC Power Supply, AC Power Supply), By Application (Major Appliances, Small Appliances), By Geographic Scope And Forecast

Global Energy Management Module Market By Type (Hardware, Software), By Application (Family, Workshop), By Geographic Scope And Forecast

Global Energy Management Data Collector Market By Type (Instant Collection, Staged Collection), By Application (Building, School), By Geographic Scope And Forecast

Global Energy Management Information Systems Market By Type (Hardware, Software), By Application (Oil & Gas, Marine), By Geographic Scope And Forecast

Global Sustainability and Energy Management Software Market By Type (Cloud Based, On Premise), By Application (Automotive, Building Automation), By Geographic Scope And Forecast

About Us

Verified Market Reports® ­stands at the forefront as a global leader in Research and Consulting, offering unparalleled analytical research solutions that empower organizations with the insights needed for critical business decisions. Celebrating 10+ years of service, Verified Market Reports has been instrumental in providing founders and companies with precise, up-to-date research data.

With a team of 500+ Analysts and subject matter experts, Verified Market Reports leverages internationally recognized research methodologies for data collection and analyses, covering over 15,000 high impact and niche markets. This robust team ensures data integrity and offers insights that are both informative and actionable, tailored to the strategic needs of businesses across various industries.

Verified Market Reports’ domain expertise is recognized across 14 key industries, including Semiconductor & Electronics, Healthcare & Pharmaceuticals, Energy, Technology, Automobiles, Defense, Mining, Manufacturing, Retail, and Agriculture & Food. In-depth market analysis cover over 52 countries, with advanced data collection methods and sophisticated research techniques being utilized. This approach allows for actionable insights to be furnished by seasoned analysts, equipping clients with the essential knowledge necessary for critical revenue decisions across these varied and vital industries.

Verified Market Reports® is also a member of ESOMAR, an organization renowned for setting the benchmark in ethical and professional standards in market research. This affiliation highlights Verified Market Reports’ dedication to conducting research with integrity and reliability, ensuring that the insights offered are not only valuable but also ethically sourced and respected worldwide.

Contact Us
Mr. Edwyne Fernandes
Verified Market Reports®
US: +1 (650)-781-4080
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketreports.com
Web: https://www.verifiedmarketreports.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/2486715/VM_Reports.jpg 

 

View original content:https://www.prnewswire.co.uk/news-releases/energy-management-systems-market-surges-to-usd-101-36-billion-by-2030–propelled-by-12-7-cagr—verified-market-reports-302333676.html

Continue Reading

Technology

Guidewire Congratulates 2026 Innovation Award Winners – Beazley, Definity, and RCIS

Published

on

By

Winners applied AI across product development, claims, and software delivery, reducing manual work and speeding results

LAS VEGAS, Oct. 28, 2026 /PRNewswire/ — CONNECTIONS CONFERENCE — Guidewire (NYSE: GWRE) congratulates the winners of its 2026 Innovation Awards: Beazley, Definity, and RCIS. The annual awards honor Guidewire customers for their innovation in addressing evolving business needs, driving better experiences for their customers and agents, and delivering better results across the insurance lifecycle. Winners were announced during Guidewire Connections, the company’s annual customer conference.

The three 2026 Innovation Award winners are:

1. Beazley

Modernization across product development, broker submissions, and billing is helping Beazley improve speed and efficiency while creating a foundation for growth.

Beazley, a leading Lloyd’s syndicate and global specialty insurer, is transforming its policy administration and billing capabilities through a modern, connected Guidewire Cloud platform, creating a consistent global foundation while retaining the flexibility required for local market variations. Working with Capgemini, a Guidewire Consulting Global Strategic partner, Beazley implemented Guidewire PolicyCenter and BillingCenter, with the European solution delivered in approximately eight months.

The program addresses significant complexity across Beazley’s global specialty business, including rationalizing more than 200 marketable products into a condensed, streamlined set of products which reduced complexity and improved speed to market. Capgemini’s AI-enabled delivery model, combined with Guidewire’s Advanced Product Designer (APD), established a repeatable Product Factory approach enabling rapid development.

The transformation also connects Beazley’s digital and broker platforms with its core underwriting operations through Guidewire Integration Gateway, using API and event-driven integration to support broker submissions, customer and account data and policy servicing. Combined with a modernized billing capability, this creates a more connected digital insurance lifecycle and supports Beazley’s evolution towards increasingly AI-enabled underwriting.

These capabilities provide Beazley with a scalable modern core that simplifies the underlying technology landscape while supporting greater automation, product agility and continued growth across global specialty markets.

For additional information, visit the Beazley website.

2. Definity

Definity launched its first production agentic AI solution to manage and triage broker First Notice of Loss (FNOL) intake, replacing manual data re-keying with structured draft claims generated directly in Guidewire for a claims adjuster to review.

Developed in collaboration with Deloitte, a Guidewire Consulting Global Premier partner, the solution leverages a network of AI agents to classify submissions, extract and reason over information, and execute workflows to generate structured draft claims directly in ClaimCenter.  It provides a governed, traceable path from AI processing to claims operations, keeping adjusters firmly in the loop while reducing manual effort and improving speed and consistency.

Beyond modernizing FNOL intake, the initiative establishes a scalable foundation for deploying reusable, governed agentic AI capabilities across Definity’s claims lifecycle, accelerating future innovation.

For additional information, visit the Definity website.

3. RCIS

RCIS Tech Transformation in Crop Insurance, one of the insurance industry’s most complex and highly regulated lines of business, is modernizing operations with Guidewire InsuranceSuite, Jutro Digital Platform, data, and AI-first innovation

As part of its Passion for the Possible™ initiative, RCIS enlisted PwC, a Guidewire Consulting Global Strategic partner, to transform its legacy environment into a modern, unified platform powered by Guidewire Cloud Platform, delivering enhanced digital experiences for agents, underwriters, adjusters and customers.

Led by its vision to evolve in technology, ease and modern customer experience, RCIS and PwC leveraged Guidewire Advanced Product Designer (APD), Digital and AI-first engineering to accelerate delivery of a highly customized crop insurance solution. The transformation includes complex legacy data migration, integrated geospatial Farm Maps, automated Risk Management Agency (RMA) regulatory reporting, and streamlined core insurance operations all while maintaining business continuity through critical seasonal agricultural cycles. RCIS is among the top providers of crop insurance in the U.S. and one of only 12 Approved Insurance Providers (AIPs) of the Federal Crop Insurance Program. It is the only AIP to offer coverage in all 50 U.S. states through a national network of more than 3,700 agents.

It is anticipated the RCIS Guidewire transformation will set a new benchmark – in the agriculture industry and across the insurance industry as a whole – for modernizing complex insurance platforms, combining Guidewire Cloud innovation, deep industry expertise, and AI-first engineering to accelerate transformation and deliver measurable business value.

For additional information, visit the RCIS website.

“We congratulate this year’s Innovation Award winners and thank all participants and our consulting partners for their contributions,” said Brian Desmond, CMO, Guidewire. “These insurers applied AI to the work that runs their business and have measurable results to show for it. Agentic insurance is where the industry is heading: AI agents that execute work within the controls the insurer sets. These winners are showing how to get there, on Guidewire.”

About Guidewire

Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. More than 570 insurers in 44 countries, from new ventures to the largest and most complex in the world, rely on Guidewire products. With core systems leveraging data and analytics, digital, and artificial intelligence, Guidewire defines cloud platform excellence for P&C insurers.

We are proud of our unparalleled implementation record, with 1,700+ successful projects supported by the industry’s largest R&D team and consulting partner ecosystem. Our marketplace represents the largest partner community in P&C, where customers can access hundreds of applications to accelerate integration, localization, and innovation.

For more information, please visit www.guidewire.com and follow us on X and LinkedIn.

Contact:

Melissa Cobb
Director, Public Relations
Guidewire Software, Inc.
+1.650.464.1177
mcobb@guidewire.com

NOTE: For information about Guidewire’s trademarks, visit https://www.guidewire.com/legal-notices.

View original content to download multimedia:https://www.prnewswire.com/news-releases/guidewire-congratulates-2026-innovation-award-winners–beazley-definity-and-rcis-302922851.html

SOURCE Guidewire Software

Continue Reading

Technology

Coremail Strengthens Digital Ecosystem Ties at WPS Indonesia Roundtable 2026

Published

on

By

JAKARTA, Indonesia, Oct. 29, 2026 /PRNewswire/ — Coremail participated in the WPS Indonesia Digital Ecosystem Roundtable 2026 in Jakarta, joining technology companies, local service providers and enterprise representatives to discuss Indonesia’s digital transformation and ecosystem collaboration. The company also served as title sponsor of the evening networking reception.

As Indonesia’s digital economy evolves, businesses increasingly need solutions combining cloud infrastructure, AI, enterprise software and local services. Connecting these complementary capabilities can help providers and partners better address customer needs.

The event featured partner matching, collaborative solution discussions and executive roundtables, offering opportunities to explore technology integration, joint solutions, channel development and local service delivery.

Coremail exchanged perspectives with participants on enterprise communications, data security and digitalisation in Indonesia, exploring opportunities to address evolving business requirements with local partners.

Regan Deng, Vice President of Coremail, emphasised the importance of understanding local markets and customer needs. He noted that combining complementary strengths in technology, products, infrastructure and local services can help businesses develop solutions suited to their operational requirements.

Top, Coremail’s Thailand Project Manager, introduced the company’s product portfolio, global footprint and partnership opportunities, highlighting its enterprise email communications and security expertise.

Founded in 1999, Coremail’s portfolio includes the Coremail AI-Native Secure Email System, CACTER AI-Native Secure Email Gateway, Email Archive System, Email Delivery System and Secure Email Relay. Flexible deployment and integration capabilities help organisations address differing data security, IT infrastructure and business requirements, supporting secure and reliable enterprise communications.

Coremail has established cooperation with Indonesian cloud service provider CBN Cloud to jointly develop a cloud email service platform, combining Coremail’s email technology with local service capabilities to support Indonesian businesses.

The roundtable offered opportunities to strengthen local connections and explore further collaboration in enterprise email, email security and integrated digital solutions. Coremail will seek to deepen its Southeast Asian presence and work with local partners to address evolving customer needs through secure enterprise email, email security and AI-enabled solutions.

For more information, please visit: www.coremail.co.th

About Coremail

Coremail provides enterprise email and collaboration solutions, with over 27 years of innovation in secure communication technologies. It serves over 20,000 enterprise customers and supports over 1 billion end users, with solutions widely adopted across government, finance, education, healthcare and energy.

 

View original content:https://www.prnewswire.com/apac/news-releases/coremail-strengthens-digital-ecosystem-ties-at-wps-indonesia-roundtable-2026-302921912.html

SOURCE Coremail

Continue Reading

Technology

Straits Financial Services Pte Ltd Participates in First Trading Day of LME Steel HRC Shanghai Futures

Published

on

By

SINGAPORE, Oct. 29, 2026 /PRNewswire/ — Straits Financial Services Pte Ltd (SFSPL), a member of Straits Financial Group, announces its participation in the first trading day of the London Metal Exchange (LME) Steel HRC Shanghai futures contract on 27 October 2026.

SFSPL’s participation reflects its continued commitment to supporting the development of commodity derivatives markets and connecting clients with exchange-traded instruments to manage price risk.

The new contract is cash-settled in US dollars against the Shanghai Futures Exchange (SHFE) Hot-Rolled Coil (HRC) steel price, as converted by Commodity Pricing and Analysis Limited (CPAL). It marks the first time an SHFE metals price has been made available for trading on another exchange.

By bringing the SHFE HRC benchmark to LME, the contract provides international market participants with more direct access to this price. It also strengthens links between China’s steel market and the global trading community, supporting the risk-management needs of producers, traders, investors, and financial institutions.

“We are thrilled to participate in the first trading day of the LME Steel HRC Shanghai futures contract. The new contract broadens the range of instruments available to international participants seeking to manage steel price exposure,” said Mr Roger Quek, CEO and Managing Director of SFSPL.

Straits Financial Services looks forward to supporting the development of this market and helping its clients access relevant risk management solutions across global commodity markets.

About Straits Financial Services Pte Ltd

At Straits Financial Services Pte Ltd, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfill the needs of every trader.

With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Services Pte Ltd is part of Straits Financial Group which is headquartered in Singapore.

Straits Financial Services Pte Ltd provides a fully integrated service for our clients to access the financial and commodity derivative markets and we strive to build lasting relationships with our clients.

For more information, please visit our website at https://www.straitsfinancial.com.

This document is issued for information purposes only. This document is not intended and should not under any circumstances be construed as an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to any capital market product. All the information contained herein is based on publicly available information and has been obtained from sources that Straits Financial Services Pte Ltd believes to be reliable and correct at the time of publishing this document.

Straits Financial Services Pte Ltd will not be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information. Past performance or historical record of futures contracts, derivatives contracts, and commodities is not indicative of the future performance. The information in this document is subject to change without notice.

If after reading the foregoing content you have any doubts in relation there to, please consult your own independent legal, financial and/or professional adviser.

View original content:https://www.prnewswire.com/apac/news-releases/straits-financial-services-pte-ltd-participates-in-first-trading-day-of-lme-steel-hrc-shanghai-futures-302922017.html

SOURCE Straits Financial

Continue Reading

Trending