Global Energy Management Systems Market Technologies, Market Share and Industry Forecast to 2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Nov 19, 2018--The “Global Energy Management Systems Market - Technologies, Market Share and Industry Forecast to 2024” report has been added to ResearchAndMarkets.com’s offering.
Global energy management systems market is expected to have a CAGR of about 18.9% during forecast period 2017-2024.
The key factors driving the market of energy management systems includes increasing energy consumption and, mandatory regulations and policies regarding energy management, growing awareness about carbon footprint management and increasing inclination towards efficient energy management.
However, hidden cost and longer payback period coupled with non-standardized guidelines for energy management system is restraining the growth of the market.
Global energy management systems are divided into 3 segments that is product, vertical and end-users. Report further covers segments of product which includes Industrial Energy Management System (IEMS), Building Energy Management System (BEMS) and Home Energy Management System (HEMS). Industrial Energy Management System (IEMS) is the dominating in product segment.
The vertical segment is divided into 6 segments that includes Power and energy, Telecom and IT, Manufacturing, Retail and offices, Healthcare and Others. Power and energy is the dominating vertical segment in 2016. End-users segment in energy management systems are divided into residential and commercial segment. The commercial segment has the largest market share in terms of revenue in 2016 due to rising concern regarding cost reduction and power optimization.
North America accounts for highest revenue share in 2017 followed by Europe and Asia Pacific due to rising adoption of EMS in verticals such as retail, power, and manufacturing sectors and early adoption of technologies. North America is followed by Europe in terms of revenue due to favourable government initiatives along with rising need to curtail power losses in various economies such as UK, Germany and France, that is anticipated to drive energy management system market growth in region during forecast period.
Asia Pacific is anticipated to record a significant growth due to various factors such as rising demand for energy optimization and carbon management across the region and favourable government initiatives.
The key players that are following various strategies such as product launch, acquisition and merger in-order to strengthen their position across the world includes Asea Brown Boveri (ABB) ltd. (Switzerland), Emerson process management (U.S.), Schneider Electric se, Cisco systems, Inc. (U.S.), Toshiba corp. (Japan), Ca technologies (U.S.A), Cisco systems, Inc. (U.S.), Honeywell (Japan) and Grid point, Inc. (U.S.).
DriversIncreasing Energy Consumption Mandatory Regulations and Policies Rising Awareness About Carbon Footprint Management Increasing Inclination Towards Efficient Energy Management Inclination Towards Corporate Responsibility and Brand Image
RestraintsLonger Payback Period and Hidden Costs Non-Standardized Guidelines
OpportunitiesModernization of Old Infrastructure Up-Coming Smart Cities Projects in Developing Economies Integration of Energy Management Systems with Smart Devices Growth Opportunities in Home Energy Management Segment
ChallengesHigh Initial Investment
Key Topics Covered
1.1. Executive Summary
1.2. Estimation Methodology
2. Market Overview
2.1. Global Energy Management Systems Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.6. Estimation Analysis
2.7. Strategic Analysis
2.8. Competitive Analysis
2.9. Strategic Recommendations & Key Conclusions
3. Market Determinants
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Market Challenges
4. Global Energy Management Systems Market By Product
4.1. Market Definition And Scope
4.2. Decision Support Database & Estimation Methodology
4.3. Comparative Analysis Across Market Segments
4.4. Opportunity Matrix
4.5. Market Segmentation
5. Global Energy Management Systems Market By End-User
5.1. Market Definition And Scope
5.2. Decision Support Database & Estimation Methodology
5.3. Comparative Analysis Across Market Segments
5.4. Opportunity Matrix
5.5. Market Segmentation
6. Global Energy Management Systems Market By Vertical
6.1. Market Definition And Scope
6.2. Decision Support Database & Estimation Methodology
6.3. Comparative Analysis Across Market Segments
6.4. Opportunity Matrix
6.5. Market Segmentation
7. Competitive Landscape
7.1. Key Strategies
8. Geographic Analysis
8.1. Decision Support Database & Estimation Methodology
8.2. Comparative Analysis Across Market Segments
8.3. Opportunity Matrix
8.4. Global Energy Management Systems Market By Region 2015-2024 ($ Million)
9. Company Profiles
9.1. Asea Brown Boveri (ABB) Ltd. (Switzerland)
9.2. C3 Energy (U.S.)
9.3. CA Technologies - A Broadcom Company (U.S.)
9.4. Cisco Systems, Inc. (U.S.)
9.5. Daikin Industries Ltd. (Japan)
9.6. Daintree Networks (U.S.)
9.7. Emerson Process Management (U.S.)
9.8. General Electric Company (U.S.)
9.9. Gridpoint, Inc. (U.S.)
9.10. Honeywell (Japan)
9.11. Johnson Controls, Inc. (U.S.)
9.12. Jones Lang Lasalle (U.S.)
9.13. Siemens AG (Germany)
9.14. Schneider Electric SE (France)
9.15. Toshiba Corp. (Japan)
For more information about this report visit https://www.researchandmarkets.com/research/vtjb7w/global_energy?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20181119005389/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY SOFTWARE
SOURCE: Research and Markets
Copyright Business Wire 2018.
PUB: 11/19/2018 08:25 AM/DISC: 11/19/2018 08:25 AM