Energy Efficiency: The Market for Energy Management Systems in Nigeria

Abstract

Energy efficiency and demand side management (EEDSM) are critical components of sustainable energy strategies globally. In Nigeria, implementing these practices is crucial to address the growing energy demand, enhance energy security, and mitigate environmental impacts. This paper explores Nigeria's Energy Management Systems (EMS) market, highlighting the current state of energy efficiency and demand side management initiatives, market drivers, barriers, and future prospects. The study emphasises the importance of EMS in optimising energy use and underscores the urgent need for policy recommendations. The analysis shows that despite significant challenges, there are substantial opportunities for growth in the EMS market, driven by the industrial, commercial, and public sectors. However, these opportunities can only be fully realised with the right policy support, underlining the necessity of immediate action in this area and making the audience feel the situation's urgency.