The U.S. energy management systems market size was valued at USD 12.70 billion in 2023 and is projected to grow at a CAGR of 11.4% from 2024 to 2030. The demand for proactive control, monitoring, and optimization of energy consumption across industrial, commercial, and public institutions and organizations has spurred the penetration of energy management systems (EMS). Besides, the decarbonization trend has prompted American stakeholders to inject funds into advanced EMS. Incumbent manufacturers have exhibited a profound interest in smart meter installation, auguring well for stakeholders vying to bolster their footprint in the region.

The U.S. government has augmented investments in energy management and clean energy. For instance, in January 2024, the Biden-Harris Administration announced an infusion of USD 207 million in clean energy and domestic fertilizer projects to minimize energy bills and bolster competition for U.S. farmers, agricultural producers, and ranchers. The USDA has also poured over USD 1.6 billion through REAP in 5,457 renewable energy and energy efficiency improvements.

Advanced technologies, including cloud, are likely to be sought for real-time monitoring of energy consumption. EMS solutions and services are poised to gain traction as the demand for industrial EMS, home EMS, and building EMS continues to receive an impetus across the North American region. Moreover, an uptick in R&D investments to commercialize EMS products will bode well for the business outlook.

Key U.S. Energy Management Systems Company Insights

Some of the leading players operating in the market include Honeywell, General Electric, Siemens AG, and Emerson. They are likely to focus on organic and inorganic strategies to underpin their strategies in the regional landscape.

  • In February 2024, Siemens Energy announced an infusion of USD 150 million in a new factory in Charlotte, North Carolina. It will help the company address the lack of power transformers in the U.S.
  • In March 2023, Honeywell announced an investment in Redaptive to get access to the latter’s data technology and energy platform.
  • In November 2023, Emerson announced an infusion of funds into Frugal Technologies, a company that helps minimize energy use and emissions in shipping fleets. The latter’s cloud-based propulsion optimization software reportedly uses AI technology to collate data on cargo load, weather, and propulsion.

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Some emerging companies are slated to expand their portfolios to bolster their value propositions. Some of the prevailing dynamics are delineated below:

  • In August 2023, Verdigris raised USD 10 million in funding to expedite the adoption of an AI-fueled energy management platform.
  • In June 2022, Ubicquia and RealTerm Energy announced that the completion of 25 smart street lighting projects across the U.S. and Canada. The cities have reportedly implemented smart lighting controls and converted their streetlights to LED.

Key U.S. Energy Management Systems Companies:

  • Schneider Electric SE
  • Honeywell International Inc.
  • Siemens AG
  • Johnson Controls, Inc.
  • ai, Inc.
  • GridPoint
  • General Electric
  • International Business Machines Corporation
  • Cisco Systems, Inc.

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