• 15th May, 2023

Introduction:

Energy management is a crucial aspect of daily life in India, and staying abreast of the latest trends is vital for businesses to maintain their competitive edge. The energy management landscape in India has witnessed remarkable transformations, driven by favorable government policies like the Make in India initiative and rising costs in China.

These factors have spurred the growth of local manufacturing in India’s energy management systems (EMS) market, creating new opportunities and reshaping the industry dynamics.

Market size and segmentation

With the market projected to grow at a compound annual growth rate (CAGR) of 38.1% until FY24, reaching a market value of INR 56,000 Crore, the demand for energy management systems is expected to soar. In India, the EMS market is segmented into residential and commercial end-users, catering to various sectors including power and energy, telecom and IT, manufacturing, enterprise, healthcare, and more. Each sector has its unique energy management requirements and considerations. The offerings in India’s EMS market can be categorized into systems and services. Under the services category, specialized divisions address crucial aspects such as monitoring and control, implementation and integration, maintenance, and consulting and training. These comprehensive services ensure that businesses have the necessary expertise and support to effectively manage their energy consumption.

To meet specific requirements, India offers tailored energy management systems:

1. Home EMS:

   It targets residential energy management, empowering homeowners with tools like smart thermostats, energy monitoring devices, and home automation systems to optimize energy usage, reduce waste, and lower costs.

2. Building EMS:

   It caters to commercial and institutional buildings, providing facility managers with tools to monitor and control energy-consuming components like HVAC systems, lighting, and equipment. This enables improved energy efficiency, cost savings, and enhanced occupant comfort.

Conclusion

• The Indian energy management systems market is experiencing significant growth, driven by favorable government policies and rising digitization opportunities. Faclon Labs offers advanced Building EMS and Industrial EMS solutions to help enterprises optimize energy consumption and drive operational excellence. Book a demo with us today and discover how Faclon Labs can revolutionize your energy management practices.