With the establishment of the Taiwan Carbon Solution Exchange and the implementation of the European Union's Carbon Border Adjustment Mechanism (CBAM), the global commitment to achieving the 2050 net-zero emissions target is gaining momentum. This commitment has led to a continuous expansion of initiatives related to energy efficiency, emissions reduction, and ESG factors across various sectors.
The influence of RE100, driven by leading corporations, has sparked a new wave of enthusiasm within industries. Additionally, both new and existing cities around the world are embracing the goal of becoming smart cities with a focus on achieving net-zero carbon emissions.
External factors, such as government policies and customer demands, are compelling businesses to shift towards net-zero emissions. However, financial constraints and workforce limitations often hinder their ability to gather comprehensive carbon emissions data. Consequently, carbon reduction becomes a challenging and costly endeavor, especially for small and medium-sized enterprises. Similarly, in the context of smart cities, planning for net-zero emissions must begin with individual buildings. Without the capability to collect thorough data, subsequent efforts in energy efficiency and net-zero emissions not only become more challenging but also yield diminished benefits.
Whether for businesses or cities, a user-friendly, digitized, all-in-one cloud-based carbon management service platform can significantly enhance the efficiency of carbon auditing. It offers real-time data integration into a single platform, providing users with cloud-based integrated services for monitoring energy consumption, conducting greenhouse gas audits, and calculating carbon footprints. This, in turn, facilitates a rapid understanding of the overall situation for businesses or cities and aids in the formulation of strategies to achieve long-term objectives such as zero carbon emissions, energy efficiency, and sustainability.
Growth of the global management system market marks massive opportunities
According to a report by the research firm MarketsandMarkets, the global energy management system market is projected to expand from US$40.7 billion in 2023, with a compound annual growth rate (CAGR) of 13.2%, reaching US$75.6 billion by 2028. This data underscores the substantial opportunities within the global energy management system market.
A comprehensive energy management system should not only enable real-time energy consumption monitoring but also effectively manage and regulate energy supply and demand for entire businesses or cities. As the need for net-zero emissions intensifies, the proportion of renewable energy within the energy supply system is on the rise. Managing the unpredictability of renewable energy and maximizing overall grid efficiency through the integration of energy storage systems becomes a critical consideration.
Furthermore, in the context of the net-zero emissions trend, the number of electric vehicles in cities is expected to grow significantly. These electric vehicles require charging, and when combined with people's daily routines, this can result in increased nighttime electricity usage, adding strain to the power grid during peak hours. Smart grids or decentralized energy storage systems can alleviate this pressure by optimizing charging during off-peak hours and discharging during peak hours, effectively achieving load balancing and other efficiency gains.
Whether it's in industrial parks, data centers, smart factories, office buildings, logistics centers, malls, or across entire smart cities, achieving optimal electricity efficiency necessitates more than just innovative energy-saving and energy-storage equipment and technologies. It requires a comprehensive energy management system that operates seamlessly in the background. Such a system enables efficient management and control of peak power backup, cost savings for users, and the prevention of losses due to power outages, ultimately providing a more cost-effective solution.
However, whether it's for individual businesses or entire smart cities, establishing a secure system environment to safeguard against cyber threats and ensuring the system can offer real-time communication protocols, data synchronization with cloud platforms, and safety predictions for batteries, as well as the fire-fighting SCADA system are critical considerations. A fully integrated framework, encompassing hardware, modules, subsystems, and monitoring management control software platforms, is essential.
Only providers who can seamlessly integrate more comprehensive functional services within available resources and offer holistic solutions will be positioned to truly capitalize on energy-saving, energy storage, and energy generation opportunities across various applications, whether for businesses or smart cities, in the foreseeable future.
