(EMS) Energy Management System Market is Projected to Grow At A CAGR of 9% Over 2019 – 2024
Industrial energy management system market was valued over USD 9 billion in 2015 and is predicted to witness a substantial growth by 2024
Selbyville, United States – September 30, 2019 /MarketersMedia/ —
(EMS) Energy management system market is set to experience thriving growth in the forthcoming years impelled by environmental and financial benefits of EMS. Apart from the aforementioned benefits, strict government regulations pertaining to energy consumption and efficiency would be another favorable factor that would propel energy management system market size expansion over the forecast period.
The growth opportunity provided by the market is so significant that Silicon Valley tech giants like Google and Amazon have started foraying into the energy sector. Big techs entering old industries isn’t unheard of; foray into an old industry on the back of technological capabilities, introduce significant efficiencies, and dominate the landscape.
Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/1115
Introduction of strict building codes and standards by regional government to encourage energy conservation will positively influence the energy management system market size from 2016 to 2024. In the U.S., standard 90.1 has been adopted to provides minimum requirements for energy efficient commercial building construction and design. Canada has adopted ISO 50001 to provide structured framework to organization towards energy efficiency. It also helps to reduce energy cost and other adverse environmental impacts.
Industrial energy management system market size was valued over USD 9 billion in 2015 and is predicted to witness a substantial growth by 2024. It can be used to analyze and monitor real time consumption, load fluctuation and equipment performance. These systems help to attain efficiency, sustainability, cost savings, and emission targets while sustaining the optimal production processes.
Geopolitical measures to reduce the reduce emissions, with growing demand for clean and reliable power will propel energy management system market share. EU has introduced Energy Performance of Buildings (EPBD 2002/91/EC) directive with the prime objective to promote cost effective improvement to enhance the overall building efficiency. Regional government is also planning to convert the existing and new buildings into zero energy from 2020. These measures to curb the carbon footprints is predicted to drive the energy management system market.
U.S. energy management system market share is expected to witness substantial gains over 11% subject to government measures towards energy conservation. Rising fuel prices with growing awareness among consumers to reduce the emissions will further boost the business.
For Europe EMS market size, UK contributed over 20% of regional revenue share in 2015. Aging infrastructure, a legacy of fossil fuel and rising fuel poverty are some of the factors which may positively encourage the industry growth. Germany was valued at over USD 1 billion in 2015 and is predicted to witness a considerable growth subject to government initiatives towards energy efficiency.
Browse key industry insights spread across 299 pages with 367 market data tables & 42 figures & charts from the report, “(EMS) Energy Management Systems Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/energy-management-system-EMS-market
Some of the key players in the energy management system market include Schneider Electric, Eaton Corporation, ABB, IBM, CA Technology, GENERAL ELECTRIC, Honeywell International, Siemens AG, Cisco Systems, Johnson Controls, and Emerson Electric Corporation.
Major Key Points from Table of Content:
Chapter 5 Energy Management System Market, By Component
5.1 Energy management system industry share by component, 2017 & 2024
5.2 Metering & field equipment
5.2.1 Global market from metering & field equipment, 2013 – 2024
5.2.2 Global market from metering & field equipment, by region, 2013 – 2024
5.3 Hardware
5.3.1 Global market from hardware, 2013 – 2024
5.3.2 Global market from hardware, by region, 2013 – 2024
5.4 Software
5.4.1 Global market from software, 2013 – 2024
5.5 Networking device
5.5.1 Global market from networking device, 2013 – 2024
5.6 Control systems
5.6.1 Global market from control systems, 2013 – 2024
5.7 Sensors
5.7.1 Global market from sensors, 2013 – 2024
5.8 Others
5.8.1 Global market from others, 2013 – 2024
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/energy-management-system-EMS-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: Global Market Insights, Inc., 4 North Main Street,
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/energy-management-system-EMS-market
Source: MarketersMedia
Release ID: 88924203
Copyright © 1999-2013 SproutNews.com
