  The spacial expansion of the universe could be described as a tendency for
satisfying holographic equipartition which inevitably demands the presence of
dark energy. We explore whether this novel idea proposed by Padmanabhan give
any additional insights into the nature of dark energy. In particular, we
obtain the constraints imposed by the law of emergence on the equation of state
parameter, $\omega$. We also present a thermodynamic motivation for the
obtained constraints on $\omega$. Further, we explicitly prove the feasibility
of describing a dynamic dark energy model through the law of emergence.
Interestingly, both holographic equipartition and the entropy maximization
demands an asymptotically de Sitter universe with $\omega\geq-1$, rather than a
pure cosmological constant.
