GCC Energy Management System Market (Device - Load Control Switches, In-house Display, Smart Plugs, and Smart Thermostats; Software - Enterprise Carbon and Energy Management, Utility Energy Management System, Residential Energy Management System, and Others; Solution - Demand Response Management, Utility Billing and Customer Information System, and Carbon Management System; Application - Home Energy Management Systems, Building Energy Management Systems, and Industrial Energy Management Systems): Industry Analysis, Trends, Size, Share and Forecasts to 2027

GCC Energy Management System Market (Device - Load Control Switches, In-house Display, Smart Plugs, and Smart Thermostats; Software - Enterprise Carbon and Energy Management, Utility Energy Management System, Residential Energy Management System, and Others; Solution - Demand Response Management, Utility Billing and Customer Information System, and Carbon Management System; Application - Home Energy Management Systems, Building Energy Management Systems, and Industrial Energy Management Systems): Industry Analysis, Trends, Size, Share and Forecasts to 2027

Report Code: GCC019 Region: GCC Published: November, 2021

A recent report published study by Infinium Global Research on the energy management system market provides in-depth analysis of segments and sub-segments in the GCC as well as regional energy management system market. The study also highlights the impact of drivers, restraints, and macro indicators on the GCC and regional energy management system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the GCC energy management system market. According to the report, the GCC energy management system market is projected to grow at a healthy CAGR over the forecast period of 2021-2027.

Market Insight

An energy management system is a smart electronic device that is utilized to manage the consumption of energy. This device allows users to proficiently monitor their energy requirements and to get an individual appliance’s electricity consumption pattern and power consumption information. Furthermore, the hardware part of the system comprises a hub that can be mounted on an electrical board. The hub intermediates between the software and the user, and can be operated virtually via a wireless device. In addition, it can also be connected to other smart devices at home.

The major factor driving the energy management systems market comprises the increasing penetration of the internet across both developed and developing economies and the rising role of the Big Data and Internet of Things (IoT) in energy management. Energy management systems help to gain competitive advantage as well as it increases productivity. Energy management software control system is designed to reduce energy consumption, improve the utilization of the system, increase reliability, and predict electrical system performance as well as optimize energy usage to reduce cost. The growing awareness of energy management and rising investment in smart grids provide lucrative growth opportunities to the energy management systems market. On the other hand, the high cost of implementation of energy management systems technology would impede the growth of the energy management systems market. The virus that causes coronavirus disease introduced many changes in energy consumption. While the lockdown measures imposed on millions of people in GCC countries have brought business as usual to a standstill, the associated estimated decline in global energy demand means that carbon dioxide emissions decreased. In GCC countries, where offices, factories, bars, restaurants, and theaters remain closed, energy consumption has fallen which is directly impacted on the GCC energy management systems market.

Geographically, Saudi Arabia is expected to dominate the GCC energy management systems market. The development of large entertainment cities in several regions of the country, such as Riyadh and Jeddah, would involve the construction of new healthcare centers, hotels, commercial buildings, and other social infrastructure which fuels the energy management systems market in Saudi Arabia.

Segment Covered

The report on GCC energy management system market covers segments such as device, software, solution, and application. On the basis of device, the sub-markets include load control switches, in-house display, smart plugs, and smart thermostats. On the basis of software, the sub-markets include enterprise carbon and energy management, utility energy management system, residential energy management system, and others. On the basis of solution, the sub-markets include demand response management, utility billing and customer information system, and carbon management system. On the basis of application, the sub-markets include home energy management systems, building energy management systems, and industrial energy management systems.

Companies Profiled:

The report provides profiles of the companies in the market such as Rezayat Energy Solutions Company, Schneider Electric, KAFAAT, Siemens AG, Al Sadarah Engineering LLC, Fuji Electric Co., Ltd, and other companies.

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of energy management system market. Moreover, the study highlights current market trends and provides forecast from 2021-2027. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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