Energy intelligence solutions are expected to have a global market worth US$ 4.6 billion in 2022 and US$ 6.1 billion in 2032. It is expected that during the forecast period of 2022 to 2032, it would expand at a CAGR of 15.2%. Energy crisis management is made intelligent by the energy intelligence solutions. Energy data collection and analysis tools and services are part of energy intelligence solutions.

Energy management solutions have evolved to include energy intelligence solutions. When compared to energy management software, it offers two advantages: first, it isn't only a tool for seeing meter data; it also offers intelligence to cut down on energy waste.

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Global Energy Intelligence Solution Market Segmentation

The global energy intelligence solution market is segmented on the basis of service type, deployment model and end-user. On the basis of service type, the global energy intelligence solution market is segmented into – system integration service, consulting services, support maintenance service. Energy intelligence solutions are segmented into two ways by which it can be deployed – on-premise deployment and cloud-based deployment.

Energy intelligence solution provides assistance for energy saving along different industry verticals. Various end-users of energy intelligence solutions are residential buildings, offices commercial areas, manufacturing units and others.

Global Energy Intelligence Solutions Market: Drivers

Increasing energy consumption and rising need for advanced energy management solutions for residential, commercial and industrial areas are the prominent factors responsible for evolution of energy intelligence solutions. Organizations around the world are focusing on significantly reducing their energy consumption bills through efficient utilization of energy.

Energy intensive applications such as power energy, industrial manufacturing and telecommunication need to control their CO2 emissions in order to comply with existing legislations and standards. Energy intelligence solutions not only provide competitive advantage to business but also extends its responsibility towards sustainable economic development.

Aforementioned are some of the factors that are expected to drive the global energy intelligence solution market growth in the near future. On the other hand, long period on return of investment, lack of knowledge and difficulties in handling technical issues related to energy intelligence solutions limits its full - fledged market growth.

Global Energy Intelligence Solutions Market: Key Players

The energy intelligence solution market is highly competitive and diversified market, characterized by the active presence of many big players. EnerNOC, Inc., Rockwell Automation, Schneider Electric, and GridPoint, Inc. are some of the major players in the global energy intelligence solution market.

Key Segments Profiled in the Energy Intelligence Solution Industry Survey

By Service Type:

• Support and Maintenance Service
• Consulting Services
• System Integration Service

By Deployment Model:

• Cloud-based
• On Premise

By Industry Vertical:

• Manufacturing Units
• Offices and Commercial Areas
• Residential Buildings