The industry analysis report “Energy Management
System (EMS) Market Size By Component
(Metering And Field Equipment, Hardware, Software, Networking Device, Control
Systems, Sensors), By Service (IEMS, BEMS, HEMS), Industry Analysis Report,
Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, China,
Japan, South Korea, India, Indonesia, Saudi Arabia, Qatar, UAE, South Africa,
Brazil, Argentina), Application Growth Potential, Price Trends, Competitive
Market Share & Forecast, 2016 – 2024” by by Global Market Insights, Inc. says Energy Management System Market size is poised
to cross USD 38 billion by 2024, escalated by growing Electricity demand.
Climatic
changes worldwide are acting as a major growth accelerant for the global energy
management system(EMS) market. To curb the catastrophic environmental impacts,
a noticeable twin strategy is being pursued worldwide, relying more on
renewable energy sources and using energy more efficiently. Government backed
favorable acts implemented across emerging lands to encourage energy
conservation is further propelling the industry demand. For instance, European
union has introduced EPBD 2002/91/EC (Energy Performance of Buildings)
directive that mainly focuses on enhancing energy efficiency of buildings.
The implementation of these energy management
systems, have resulted in a significant reduction in greenhouse gas emissions
and energy cost, thereby leading to a strategic use of dwindling energy
resources. The three most prominent energy consumption sectors that drive
energy management system market include industrial, residential, and
construction sector. Driven by the surge in energy consumption in the domestic
sector, HEMS (home energy management system) market is anticipated to grow
lucratively in the coming time frame at a tremendous CAGR of 16% over
2016-2024. In 2015, U.S. government
introduced the REEVA Act (REEVA), with a prime objective to limit energy
depletion in the residential sector to optimize energy utilization.
Energy management system industry from
buildings accounted for one-fourth of the revenue share in 2015 and is set to
be one of the promising area thriving the application landscape in the years ahead.
Increasing adoption of IoT for monitoring the energy consumption as well as
introduction of smart meters to optimize the real-time data, will leave a
positive impact on the market outlook. Industrial energy management system
market is also expected to contribute substantially in terms of revenue toward
the overall industry in the coming time frame.
Geographically, China and Japan are the two
major revenue pockets of APAC energy management system market. China market is
expected to surpass USD 2 billion by 2024. Growing consumer claim for reliable
power supply along with rapid industrialization across these regions will be
driving forces behind the regional growth of the industry. Japan EMS market
having held 20% of the regional market, will also hold a considerable share
over the coming seven years. U.S. energy management system industry will grow
substantially at an annual growth rate of 11%, owing to the increasing number
of government measures in U.S. for energy conservation and efficiency.
Improving
the energy performance will prove to be pivotal for security of electricity,
competitiveness, and for addressing the environmental challenges that the world
is continuously facing today. Some of the prominent industry players in energy
management system market include ABB, Schneider Electric, CA Technology, Eaton
Corporation, and Honeywell International.
Chapter 1 Methodology & Scope
1.1 Research
Methodology
1.1.1 Initial data
exploration
1.1.2 Statistical
model and forecast
1.1.3 Industry
insights and validation
1.1.4 Research scope
and assumptions
1.2 List of Data Sources
1.2.1. Primary
1.2.2. Secondary
2.1 Energy management
system industry 3600 synopsis, 2013 - 2024
2.1.1 Current business
environment
2.1.2 Service trends
2.1.3 Component trends
2.1.4 Regional trends
3.1 Industry
segmentation
3.2 Industry size,
forecast and growth prospects and growth prospects, 2013 – 2024
3.3 Energy management
system industry ecosystem analysis
3.3.1 Vendor matrix
3.4 Innovation &
sustainability
3.5 Regulatory
framework
3.5.1 U.S.
3.5.2 Europe
3.5.3 China
3.5.4 Brazil
3.6 Energy management
system industry dynamics
3.6.1 Growth drivers
3.6.1.1 Stringent government
norms
3.6.1.2 Increasing infrastructure
spending
3.6.1.3 Growing Electricity
demand
3.6.2 Industry
pitfalls & challenges
3.6.2.1 High initial
investment
3.7 Key growth
opportunities
3.8 Porter’s analysis
3.9 Competitive
landscape, 2015
3.9.1 Strategy
dashboard
3.10 PESTEL analysis
Browse key industry insights spread across 110 pages
with 169 market data tables & 10 figures & charts from the report Energy
Management System (EMS) Market in detail along with the table of contents:
Order
Energy Management System Market Report by calling Global Market Insights, Inc.
at 1-888-689-0688 (Toll Free) or 1-302-846-7766.
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Fractovia.org
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
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Website: https://www.fractovia.org
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