The Shrinking US Energy Management Information Systems Market Share

by | Jul 8, 2015

BCCIn 2011, the US accounted for slightly more than half of the global energy management information systems (EMIS) market of about $62 billion, but BCC Research says the US market share dropped to about 48 percent in 2014, reflecting a downward trend projected to reach about 40.4 percent by 2020. Meanwhile, the European and Asia-Pacific markets should see market share gains.

According to BCC Research, a publisher of technology market research reports based in Wellesley, Massachusetts, and the BCC analyst, Andrew McWilliams, the global EMIS market is projected to register $59.9 billion in 2015, and, with a five-year compound annual growth rate (CAGR) of 3.8 percent, should reach $72.1 billion in 2020. BCC’s report “Energy Management Information Systems: Global Markets,” finds that the US has the slowest growth rate (0.8 percent) of any major market during the forecast period, while the European and Asia-Pacific markets are projected to grow at CAGRs of 4.7 percent and 7.4 percent, respectively. Meanwhile, other countries, combined, are projected to grow at a CAGR of 4.5 percent.

In 2014, the US EMIS market was split in a ratio of 62/38 percent between equipment and services, respectively. By 2020, the split should be more like 55 percent equipment and 45 percent services. Meters and sensors comprise the largest equipment segment, with between 19 percent and 20 percent of the US market throughout the study period, followed by software and data acquisition, storage, and processing hardware.

Utilities were the largest end-user segment of the US EMIS market in 2014–2015, followed by the commercial/industrial/government segment and, at a distance, by residential and transportation users. However, the utilities segment is projected to contract between 2014 and 2020 as federally funded smart grid projects wind down while the other end-user segments are all expected to gain market share.

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