The global energy management systems market size was accounted at USD xx Billion in 2016 and is projected to reach a market value of USD xx Billion by registering a CAGR of xx% over the forecast period. Energy management systems are the evolving technologies that allow organization to gather information about the usage of energy with the help of visualizing, assessing and monitoring of the consumption of energy. Minimizing the operational cost, rise in the productivity and adoption of the development are the factors responsible for the growth of global energy management systems market. Moreover, restrictions on the use of energy in remote areas, rise in concerns for availability of energy and follow the stringent policies of government on use of energy are the driving factors for the development of energy management systems market.
Demands for energy management systems are increasing, as these systems are helpful for increasing the productivity and reducing the energy cost. In addition, the strict rules of government for the proficiency of energy has increased the demand for the products of energy management systems. Development of the infrastructure, public utilities for the smart solution application in the project of smart cities are anticipated to fuel the growth of energy management systems (EMS) market during the forecast period.
Increase in the adoption of energy management solutions supported by government in building automation are the main factors that are boosting the global energy management systems market. Many of the commercial customers are responsible for the rising cost of energy and are gradually accepting the solutions of energy management systems for reducing the costs of energy. Energy management system solutions support many of the organizations for improving the performance of building by assisting the control on costs of energy consumption and building. In North America, governments are organizing the programs related to energy usage to make customers aware about the advantages of energy management systems market.
Developments in technology and capability of efficiency of energy has significantly motivated the energy management system solutions and is propelled to increase the growth of energy management systems market over the forecast period. Moreover, variations in the prices of commercial energy are shifting their focus towards accomplishing the efficiencies of energy in industrial procedures. Although, long payback period and large finance in primary investment are expected to hamper the energy management systems market growth amongst the manufacturers. Development in the economies in Africa and South East Asia is anticipated to offer opportunities for market players of energy management systems.
Global energy management systems market is segmented on the basis of component, offering, services, market vertical, end-user, type and region. Based on component, energy management systems (EMS) market is divided into controller, sensor, software and more. On the basis of offering, market is divided into services and system. On considering the services, market is divided into training & consulting, integration & implementation, control & monitoring and maintenance. On the basis of market vertical, market is divided into IT & telecom, energy & power, healthcare, enterprise, manufacturing and much more. Based on end-user, market is segmented into commercial & residential. On considering type, market is divided into building energy management system, industrial energy management system and home energy management system.
Geographically, regions involved in the energy management industry analysis are Asia-Pacific, North America, Europe, Latin America and Middle East & Africa. North America is the region which holds largest energy management systems market share. Asia Pacific is in developing stage in the market of energy management system, provides opportunities for the foreign and domestic vendors.
Key players involved in the development of energy management systems (EMS) market are General Electric Company, DEXMA, Schneider Electric S.E, Honeywell International Inc., C3 Energy and more.
Key Segments in the “Global Energy Management Systems Market” are-
By Component, market is segmented into:
By Offering, market is segmented into:
By Services, market is segmented into:
- Training & Consulting
- Integration & Implementation
- Control & Monitoring
By Market Vertical, market is segmented into:
- IT & Telecom
- Energy & Power
By End-User, market is segmented into:
By Type, market is segmented into:
- Building energy management system
- Industrial energy management system
- Home energy management system
By Regions market is segmented into:
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
What to expect from the Global Energy Management Systems Market report?
- Predictions of future made for this market during the forecast period.
- Information on the current technologies, trends, devices, procedures, and products in the industry.
- Detailed analysis of the market segmentation, depending on the types, devices, and products.
- Government regulations and economic factors affecting the growth of the market.
- An insight into the leading manufacturers.
- Regional demographics of the market.
Who should buy this report?
- Venture capitalists, Investors, financial institutions, Analysts, Government organizations, regulatory authorities, policymakers ,researchers, strategy managers, and academic institutions looking for insights into the market to determine future strategies