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
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.
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 REPORT
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.
On the basis of product type the global energy management system (EMS) market is segmented into:
On the basis of components the global energy management system (EMS) market can be classified into:
On the basis of vertical outlook the global energy management system (EMS) market is segmented into:
On the basis of end user the global energy management system (EMS) market is segmented into:
On the basis of solutions the global energy management system (EMS) market is segmented into:
On the basis of devices the global energy management system (EMS) market is segmented into:
On the basis of area of management the global energy management system (EMS) market is segmented into:
On the basis of region the global energy management system (EMS) market is segmented into:
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