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India News Releases
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(India.CityRegions.Com, October 05, 2018 ) Energy management systems (EMS) are one of the emerging technologies that enable an organization to collect real-time information on the energy use through monitoring, assessing, and visualizing energy consumption.
Energy management systems are gaining popularity since they help gain competitive advantage, increase productivity, and reduce energy cost. In addition, the government policies toward energy conservation and the limited availability of fossils is drawing attention of the market players. Every industry small or big is running with the help of energy, so it is essential to deploy the energy management system. Although, technology is advancing at a brisk pace, the end-use clients may not adopt the same quickly.
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Energy Management Market is estimated at $27.6 billion in 2015 and is expected to reach $98.8 billion by 2022 growing at a CAGR of 19.9% from 2015 to 2022. Some of the key factors influencing the market growth include growing demand for cost reduction, improved efficiency and carbon management. Moreover, technological advancements leading to enhanced product quality with user-friendly designs are the key market trends in this market. However, non-standardized guidelines and lack of financial resources are factors restraining the market growth.
Among Softwares, enterprise carbon and energy management segment has the largest market share and would continue to grow at a considerable rate during the forecast period. Europe acquired the largest market share due to government's initiatives and subsidies to support implementation of Home Energy Management System, thereby creating more demand and contributing to the global market.
The key players in the Energy Management market include, Siemens AG, CA Tecnologies, General Electric Company Cisco Systems, Inc., Eaton Corporation Plc, Honeywell International, Inc, Elster Group GMBH, Emerson Process Management, Schneider Electric Se, Asea Brown Boveri (ABB) Ltd., International Business Machine Corporation, Johnson Controls, Inc., C3 Energy, GridPoint, Inc and ABB Group.
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Solutions Covered: -Utility Billing and Customer Information System -Carbon Management System -Demand Response Management
Softwares Covered: -Residential Energy Management System -Utility Energy Management System -Enterprise Carbon and Energy Management -Industrial Energy Management System -Other Softwares
Components Covered: -Sensors -Smart Thermostats -Load Control Switches (LCS) -In-House Display -Smart Plugs -Controllers -Hardware Components -Control System -Communication Networks -Other Components
Verticals Covered: -Telecom & IT -Power and Energy (P&E) -Office and Commercial Building -Manufacturing -Municipal, University, School, and Hospital System (MUSH) -Retail and offices -Healthcare -Other Verticals
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ReportsWeb.com
Rajat Sahni
+1-646-491-9876
sales@reportsweb.com
Source: EmailWire.Com
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