New Energy ERP Market was valued at USD 12.5 Billion in 2022 and is projected to reach USD 25.4 Billion by 2030, growing at a CAGR of 9.8% from 2024 to 2030.
The New Energy ERP Enterprise Resource Planning market is experiencing significant growth, driven by the increasing adoption of renewable energy sources, advancements in energy storage technologies, and the growing demand for operational efficiency in energy production and distribution. The market is projected to witness a robust growth rate over the next 5 to 10 years, with the global ERP for energy market expected to grow at a CAGR of 10 15% from 2024 to 2032.
The current market size is estimated at USD 5.8 billion in 2024, with expectations of surpassing USD 12 billion by 2032. Factors such as the need for greater transparency in energy management, regulatory compliance, and the push toward digital transformation within the energy sector are driving the adoption of ERP solutions. The integration of new energy management systems with ERP software enables companies to streamline operations, monitor energy usage, and reduce costs, making them crucial for long term sustainability.
Industry advancements, such as the incorporation of artificial intelligence AI and machine learning ML for predictive analytics, the implementation of cloud based ERP solutions, and the rise of Internet of Things IoT in energy systems, are further propelling growth. These trends not only enhance operational efficiency but also help reduce energy consumption and improve sustainability in energy related operations.
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Transition to Renewable Energy: As the global push for cleaner energy sources intensifies, the need for better management and optimization of renewable energy systems is increasing, pushing the adoption of ERP systems in the new energy sector.
Technological Advancements: The integration of IoT, AI, and big data analytics into ERP systems enables real time data processing, which enhances decision making and efficiency in energy management, driving ERP market growth.
Sustainability and Regulatory Compliance: Stringent regulations and a global emphasis on sustainability are encouraging energy companies to adopt advanced ERP solutions that can support compliance and monitor sustainability metrics.
Operational Efficiency: The growing demand for improved operational performance, supply chain management, and cost reduction in energy management is driving the ERP market as organizations seek to improve these areas using integrated platforms.
High Implementation Costs: The initial investment required for implementing advanced ERP systems, especially for smaller energy companies, can be prohibitively high.
Data Security Concerns: The integration of IoT devices and cloud technologies raises concerns about data security and privacy, which could inhibit widespread adoption of ERP systems in the energy sector.
Complexity of Integration: Integrating new ERP systems with existing infrastructure, especially in legacy systems, can be complex and time consuming, leading to hesitancy in adoption.
Cloud Based ERP Solutions: The shift to cloud computing presents an opportunity for ERP vendors to provide more scalable and cost effective solutions to energy companies, especially for small and medium sized enterprises SMEs.
Expansion in Emerging Markets: As emerging economies invest heavily in renewable energy infrastructure, the demand for ERP systems tailored to energy companies is increasing in regions like Asia Pacific, Latin America, and the Middle East.
AI and Machine Learning Integration: AI and ML can be used for predictive maintenance, demand forecasting, and energy optimization, creating opportunities for ERP solutions that integrate these technologies.
The new energy ERP market can be segmented into several key applications:
Renewable Energy Management: ERP solutions tailored to manage wind, solar, hydro, and biomass energy systems help optimize performance, monitor energy production, and streamline maintenance schedules.
Energy Storage Management: As the energy sector moves toward greater reliance on energy storage solutions, ERP systems are crucial for tracking energy usage, inventory management, and predictive analytics.
Grid Management: With smart grids becoming more prevalent, ERP solutions are increasingly used for grid optimization, energy distribution, and fault detection.
Electric Vehicle EV Charging Infrastructure: ERP systems are also being adopted to manage and optimize the infrastructure for EV charging stations, helping with billing, maintenance, and customer management.
End users of new energy ERP systems include:
Utility Companies: These companies rely on ERP systems for managing large scale energy production, distribution, and grid systems.
Renewable Energy Providers: Companies focused on the generation of renewable energy use ERP solutions to manage operations, forecast demand, and ensure compliance with regulations.
Manufacturers of Energy Equipment: Companies that produce wind turbines, solar panels, or other renewable energy technologies utilize ERP to manage production, inventory, and supply chains.
Government and Regulatory Bodies: These organizations use ERP systems to monitor and regulate energy usage, enforce environmental standards, and track emissions.
The new energy ERP market is globally diverse, with significant growth in the following regions:
North America: With the U.S. and Canada leading the adoption of renewable energy technologies, this region is expected to see steady growth in ERP demand due to stringent sustainability regulations and the expansion of smart grids.
Europe: Europe, particularly countries like Germany, the UK, and France, is leading the way in renewable energy adoption, and the energy transition is fostering growth in the ERP market.
Asia Pacific: With rapid growth in renewable energy production and a large number of emerging markets, Asia Pacific represents a major opportunity for ERP providers.
Latin America: As countries like Brazil and Mexico transition to cleaner energy sources, ERP systems will play a key role in energy management.
The major companies in the new energy ERP market include:
Siemens AG: Siemens offers robust ERP solutions tailored for the energy sector, focusing on energy management, smart grid solutions, and renewable energy technologies.
Oracle Corporation: Oracle’s cloud based ERP solutions are designed to optimize energy operations, including renewable energy management, storage, and grid integration.
SAP SE: SAP’s ERP solutions are widely used across energy sectors for managing complex operations such as production forecasting, compliance, and energy distribution.
Schneider Electric: Schneider Electric provides integrated ERP solutions that help energy providers improve efficiency, sustainability, and resilience in operations.
IBM Corporation: IBM’s enterprise software offerings are helping energy companies leverage AI, cloud computing, and data analytics for smarter energy management.
Several key trends and innovations are shaping the new energy ERP market:
AI and Machine Learning: The integration of AI and machine learning is revolutionizing predictive analytics, asset management, and decision making processes, enhancing operational efficiency in energy production and distribution.
Blockchain Technology: Blockchain is gaining traction for enhancing transparency and security in energy trading, helping energy producers and consumers engage in secure, decentralized transactions.
IoT and Smart Energy Systems: The incorporation of IoT devices into ERP systems allows for real time energy monitoring, predictive maintenance, and enhanced control over energy assets.
Decentralized Energy Grids: The rise of decentralized energy generation such as rooftop solar panels requires ERP solutions that can handle distributed energy resources and optimize local energy production and consumption.
While the new energy ERP market is growing, several challenges must be addressed:
Supply Chain Disruptions: Supply chain challenges, particularly related to raw materials for renewable energy technologies, can hinder the implementation of ERP systems. Companies should focus on diversifying their supplier base and adopting predictive supply chain models.
Regulatory Barriers: Varying regulations across regions can complicate compliance. ERP vendors should offer localized solutions to meet diverse regulatory requirements.
Complexity in System Integration: Companies may face difficulties integrating ERP systems with existing infrastructure. ERP providers can solve this by offering customizable and modular solutions to ensure seamless integration.
The future of the new energy ERP market looks promising. The increasing shift toward renewable energy sources, advancements in digital technologies, and a growing emphasis on sustainability are expected to drive substantial growth. By 2032, the market is likely to expand significantly as more
Microsoft
Ramco Systems
Oracle
Sage
Infor
NetSuite
SAP SE
ACTIS ERP
IBM
Kronos
Epicor
Totvs
Workday
UNIT4
YonYou
Cornerstone
Kingdee
Digiwin
DoFort
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global New Energy ERP Market
Solar Energy
Wind Energy
Others
Based on Types the Market is categorized into Below types that held the largest New Energy ERP market share In 2023.
On Premise ERP
Cloud-based ERP
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ New Energy ERP Market Research Analysis
1. Introduction of the Global New Energy ERP Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global New Energy ERP Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global New Energy ERP Market, By Type
6. Global New Energy ERP Market, By Application
7. Global New Energy ERP Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global New Energy ERP Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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