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ENERGY & POWER

Energy Management System Market : Global Demand Analysis & Opportunity Outlook 2021

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Extensive insights into the Growth of Energy Management System Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Energy Management System Market Overview

An energy management system (EMS) is a computer supported tools used by machinists of electric efficacy networks to supervise, regulate and enhance the performance of the transmission or generation system. An energy management system (EMS) also benefits to make the decision of data driven and supplements organization level operation and fiscal decisions.

Market Size and Forecast

The global energy management systems (EMS) market was valued at USD 25.48 billion in the year 2014 and is anticipated to reach USD 56.59 billion by 2022, expanding at a compound annual growth rate (CAGR) of 21.46%. North America accounted for 42% of total market income in the year 2014 and the region’s EMS market is projected to grow at a CAGR of 22.12% to reach $19.24 billion in the year 2021. Europe Energy Management Systems market is anticipated to grow at a CAGR of 22.58% to reach $18.36 billion in the year 2021.

Asia Pacific Energy Management System market is projected to grow at a CAGR of 29.81% to reach $15.54 billion in the year 2021. CLICK TO DOWNLOAD SAMPLE

Energy Management System Market

Growth Drivers and challenges

Factors like increased productivity, looking for ways to minimize the operational cost, up-surged acceptance etc. have helped the Global Energy Management Systems (EMS) to expand its horizon. In addition to that, increased concerns over energy availability, limitations on access to energy in remote areas have drawn the business houses’ and governments’ attention to formulate strict policies on the efficient use of energy.

Limited expertise, High switching cost, slow process in government approvals and paper works are some of the major challenges for the global Energy Management System market.

Market Segmentation

By Product

On the basis of product type the global energy management system (EMS) market is segmented into:

  • Industrial Energy Management System (IEMS)
  • Home Energy Management System (HEMS)
  • Building Energy Management System (BEMS)

By Components

On the basis of components the global energy management system (EMS) market can be classified into:

  • Controllers
  • Sensors
  • Software
  • Other

By Vertical Outlook

On the basis of vertical outlook the global energy management system (EMS) market is segmented into:

  • Manufacturing
  • Power & Energy
  • Healthcare
  • Retail & offices
  • Telecom & IT
  • Others

By End User

On the basis of end user the global energy management system (EMS) market is segmented into:

  • Commercial
  • Residential

By Solutions

On the basis of solutions the global energy management system (EMS) market is segmented into:

  • Carbon And Energy Management
  • Utility Billing
  • Customer Information System
  • Demand Response Management

By Devices

On the basis of devices the global energy management system (EMS) market is segmented into:

  • In-House Display Device
  • Load Control Switches
  • Smart Thermostats
  • Smart Plugs

By Area of Management

On the basis of area of management the global energy management system (EMS) market is segmented into:

  • HVAC
  • Security/Fire
  • Lighting
  • Communications

By Region

On the basis of region the global energy management system (EMS) market is segmented into:

  • North America (United States, Canada), Market size, Y-O-Y growth Market size, Y-O-Y growth & Opportunity Analysis, Future forecast & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX (Belgium, Netherlands, Luxembourg), NORDIC (Norway, Denmark, Sweden, Finland), Poland, Russia, Rest of Europe), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa), Market size, Y-O-Y growth, Future forecast & Opportunity Analysis

Key Players

  • Schneider Electric
  • Johnson controls, Inc.
  • Siemens AG
  • Elster Energy
  • C3 Energy
  • Grid point, Inc
  • GE

 


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