“Global Energy Management Systems Market Research Report 2019-2024”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.
The global energy management systems market was valued at USD 25.88 billion in 2018 and is expected to register a CAGR of 13.78% over the forecast period, 2019 to 2024. The increasing focus on managing energy consumption, optimizing the use of renewable energy sources, reducing the carbon footprint and greenhouse gas emissions are creating demands for EMS.
Companies Include are:
IBM Corporation, Rockwell Automation Inc., General Electric Co., Schneider Electric SE, Cisco Systems Inc., Tendril Networks Inc., Eaton Corporation, EnerNOC Inc., Elster Group GMBH, SAP SE, Siemens AG, Honeywell International Inc., CA Technologies.
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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.
In 2017, the building wall application dominated the market with a share of around 60%.
Scope of the Report
An energy management system is a combination of various computer-aided tools used by the operators of electric utility grids in order to monitor, control and optimize the performance of an energy generation, transmission, and distribution system.
Key Market Trend
Power And Energy to Hold Highest Share :-
The power and energy sector including generation, distribution, and transmission of energy caters to diverse industries.
The process of electricity generation undergoes various transformations due to the little presence of primary energy, which is directly convertible into electricity. This requires a high amount of energy that ascends the consumption, thereby increasing the need for EMS.
The demand for electricity in the non-residential sector has been rising over the last few years owing to new entrants in the manufacturing industry, increasing production activity from various industries including chemical, electronics, and automotive, which is expected to fuel the market.
United States to Hold Major Share :-
The energy management System market in the United States remains a major market as residential, commercial and industrial consumers continue to drive adoption in order to realize energy savings. The US is currently ranked as the second largest consumer of electricity after China. Several key federal policy directives, rising energy costs, stringent regulations concerning greenhouse gas emissions, and growing awareness about the benefits of automation, are major factors driving the market in the United States.
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Essential points covered in Global Energy Management Systems Market 2019 Research are:-
- What will the Energy Management Systems market size and the growth rate be in 2024?
- What are the key factors driving the Global Energy Management Systems market?
- What are the key market trends impacting the growth of the Global Energy Management Systems market?
- What are the challenges to Energy Management Systems market growth?
- Who are the key vendors in the Global Energy Management Systems market?
- What are the market opportunities and threats faced by the vendors in the Global Energy Management Systems market?
- What are the key outcomes of the five forces analysis of the Global Energy Management Systems market?
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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