Sales Estimate of Global Market for Energy Management Systems to Experience Progressive Growth till 2021
Albany, New York, November 21, 2016: A latest forecast report on the energy management systems has been added to the massive repository of Market Research Hub. The report is titled as “Global Energy Management System Sales Market Report 2016”. It covers the market landscape and its growth prospects over the coming years. This research study offers an in-depth analysis on the global energy management market in the key regions including USA, Europe, China and Japan.
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The objective of the research study is to provide detailed segmentation of the Energy Management System market on the basis of classification, types, application and regions. On the basis of type, the report focuses on sales, revenue, price and gross margin. Market share and growth rate can be divided into: utility EMS, industrial EMS, enterprise carbon and energy management (ECEM), residential EMS etc. On the other hand, by application it covers:
- Home Energy Management
- Building Energy Management
EMS is a comprehensive system that combines hardware, software and services that are installed in buildings to improve energy efficiency and simultaneously reduce energy consumption. Additionally, it improves the utilization of the system, increase dependability, predict electrical system performance and optimize energy usage to reduce cost. Power consumption data for individual appliances and different areas of a building such as common areas, cafeterias, data centers, and lobby areas are now allowing better energy management and improved profitability through effective operations.
There is a continuous surge in electricity generation globally due to growing population and urbanization. Therefore, utilities are running the plants at full capacity to generate more power from the prevailing infrastructure. Power companies are now trying to make power generation effectual by adding some innovative technological developments like substation automation, demand response system for power supply and energy management systems to preserve energy in conventional plants.
According to the report, one of the prime drivers for market growth will be the reducing impact of energy costs on businesses. The U.S is identified to be the major revenue contributor globally due to the existence and implementation of several building energy codes. It determines the need for efficiency and cost saving which results in powering the growth of the market.
Some of the leading players in the global market are:
- Siemens AG
- Schneider Electric Se
- Cisco Systems, Inc.
- Honeywell International, Inc.
- CA Tecnologies
- General Electric Company
- Elster Group GMBH
- Eaton Corporation Plc
- International Business Machines (IBM) Corporation
- Emerson Process Management
Amongst these, Siemens and Schneider Electric are currently the leaders in the energy management services market. The report also derives company details with manufacturing base and key competitors.
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