Energy Management Systems Market Share, Size, Industry Growth Rate, Development Status and Regional Trends Forecast to 2019-2024

Energy Management Systems

The “Energy Management Systems Market” report 2019 delivers up-to-date information about market changes and prospective threats, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. Moreover, it focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

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Market Overview:

  • 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 issues, such as managing energy consumption, optimizing the use of renewable energy sources, reducing the carbon footprint and greenhouse gas emissions, is creating demands for EMS.
  • – The increasing usage of smart grid services, increasing competition among industrial enterprises, cost efficiency increasing the demand from emerging economies, and government policies and incentives are some of the factors augmenting the growth of the market.
  • – Rapid advancements in technology have further led to greater insights into energy procurement and energy usage, globally, and help in gaining competitive advantage and increasing productivity at a reduced energy cost.
  • – However, the lack of skilled personnel, lack of awareness among stakeholders, lack of finance and non-standardized guidelines have served as key impediments hindering the growth of the market.<

    Top Key Players of Energy Management Systems Market 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

    Reasons to buy:

    • In-depth analysis of the market on the global and regional level.
    • Major changes in market dynamics and competitive landscape.
    • Segmentation on the basis of type, application, geography and others.
    • Historical and future market research in terms of size, share, growth, volume & sales.
    • Major changes and assessment in market dynamics & developments.
    • Industry size & share analysis with industry growth and trends.
    • Emerging key segments and regions
    • Key business strategies by major market players and their key methods.
    • The research report covers size, share, trends and growth analysis of the Energy Management Systems Market on the global and regional level.

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    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. Energy management system (EMS) is not only limited to energy-saving efforts that are adopted to save the available energy, but is also a wider concept to deal with the process of controlling, monitoring, and conserving energy in the public or government sector, businesses, organizations, and even in residential buildings.<

    Energy Management Systems market covers the outlook for overall market status, size and share. The report provides complete coverage on major industry drivers, restraints, and their impact on market growth during the forecast period. Energy Management Systems market report also presents the market competition landscape and a corresponding detailed analysis of the major vendor in the market. 

    Key Market Trends:

    Power and Energy Sector to Hold the Largest Share

    – The power and energy sector, including the generation, distribution, and transmission of energy, caters to diverse industries.
    – The process of electricity generation undergoes various transformations, due to the limited 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 and increasing production activity from various industries, including chemical, electronics, and automotive, which is expected to fuel the market.
    – Increasing power generation through the renewable source of energy is expected to witness exponential growth, owing to increasing awareness regarding the environmental impact of fossil fuels, thereby, further propelling the growth of the market.

    United States to Hold the Major Share

    – The energy management systems market in the United States remains a major market, as residential, commercial, and industrial consumers continue to drive the adoption of EMS, in order to realize energy savings.
    – The United States 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 increasing awareness about the benefits of automation, are the major factors driving the market in the United States.
    – Furthermore, the presence of major energy management system companies, like Siemens, coupled with the evolution of new concepts and major technological contributions, is further fueling the demand for these solutions in North America.
    – The rising trend of real-time monitoring of energy consumption and the integration with cloud-based systems, coupled with high automation level in smart factories across the region, have permitted real-time monitoring of energy consuming equipment, including HVAC, which is anticipated to aid the market growth over the forecast period.

    Energy Management Systems Market Report contents include:

    – Analysis of the Energy Management Systems market including revenues, future growth, market outlook

    – Historical data and forecast

    – Regional analysis including growth estimates

    – Analyzes the end user markets including growth estimates.

    – Profiles on Energy Management Systems including products, sales/revenues, and market position

    – Market structure, market drivers and restraints.

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    Detailed TOC of Energy Management Systems Market Report Are:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing Usage Of Smart Grids and Smart Meters
    4.3.2 Rising Investments in Energy Efficiency
    4.4 Market Restraints
    4.4.1 High Initial Installation Costs
    4.4.2 Lack of Skilled Workforce
    4.5 Value Chain Analysis
    4.6 Industry Attractiveness Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By EMS
    5.1.1 BEMS
    5.1.2 IEMS
    5.1.3 HEMS
    5.2 By End User
    5.2.1 Manufacturing
    5.2.2 Power & Energy
    5.2.3 IT & Telecommunications
    5.2.4 Healthcare
    5.2.5 Others
    5.3 By Application
    5.3.1 Energy Generation
    5.3.2 Energy Transmission
    5.3.3 Energy Monitoring
    5.4 By Component
    5.4.1 Hardware
    5.4.2 Software
    5.4.3 Services
    5.5 Geography
    5.5.1 North America
    5.5.1.1 US
    5.5.1.2 Canada
    5.5.2 Europe
    5.5.2.1 UK
    5.5.2.2 Germany
    5.5.2.3 France
    5.5.2.4 Spain
    5.5.2.5 Rest of Europe
    5.5.3 Asia-Pacific
    5.5.3.1 China
    5.5.3.2 India
    5.5.3.3 Japan
    5.5.3.4 South Korea
    5.5.3.5 Rest of Asia-Pacific
    5.5.4 Latin America
    5.5.4.1 Brazil
    5.5.4.2 Argentina
    5.5.4.3 Mexico
    5.5.4.4 Rest of Latin America
    5.5.5 Middle East and Africa
    5.5.5.1 UAE
    5.5.5.2 Saudi Arabia
    5.5.5.3 South Africa
    5.5.5.4 Rest of Middle East and Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 IBM Corporation
    6.1.2 Rockwell Automation Inc.
    6.1.3 General Electric Co.
    6.1.4 Schneider Electric SE
    6.1.5 Cisco Systems Inc.
    6.1.6 Tendril Networks Inc.
    6.1.7 Eaton Corporation
    6.1.8 EnerNOC Inc.
    6.1.9 Elster Group GMBH
    6.1.10 SAP SE
    6.1.11 Siemens AG
    6.1.12 Honeywell International Inc.
    6.1.13 CA Technologies

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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