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Energy Management Systems (EMS) Market By Type (Industrial, Building, Home Energy Management Systems), Component (Hardware, Software & Others), End-Use (Industrial, Commercial, Residential) - Growth, Share, Opportunities & Competitive Analysis, 2015 - 2022

Increasing electricity bills necessitating optimum electricity management is the major factor driving the energy management systems (EMS) market. This has further augmented the need for real-time monitoring and measurement of energy consumption patterns, especially in industries including manufacturing, power utilities, oil and gas, and mining. In addition, government regulations promoting green energy and energy-efficient solutions are expected to fuel market momentum in the coming years. These factors are expected to contribute toward a compounded annual growth rate (CAGR) of 14.2% from 2015 – 2022. The energy management systems (EMS) market is expected to reach US$ 57.8 Bn by 2022.

1.1 Market Scope and Segmentation

This report analyzes the global energy management systems (EMS) market regarding the product type, component, end-use, and geographical distribution. Based on type, the market is segmented into industrial energy management systems (IEMS), building energy management systems (BEMS), and home energy management systems (HEMS) market. Similarly, based on end-use, the energy management systems market is further classified into industrial, commercial, and residential.

Based on components, the market for energy management systems is classified into hardware, software, and other components (communication networks, etc.). The geographical distribution of the global energy management systems (EMS) market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, the Middle East and Africa, and the Rest of the World.

1.2 Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Energy Management Systems (EMS) Market - Growth, Share, Opportunities, and Competitive Analysis, 2015 – 2022” is to offer industry investors, company executives, and industry participants in-depth insights to enable them to make informed strategic decisions related to the opportunities in the global energy management systems (EMS) industry.

Target Audience

  • Industry Investors
  • Energy Management System Manufacturers
  • Interface and Software Providers
  • Distributors and Resellers
  • End-users

Overall, the research study provides:

  • A holistic view of the global energy management systems (EMS) market.
  • Offering market size and estimates for the period from 2015 to 2022.
  • Keeping in mind the above-mentioned factors.

Based on type, the global energy management systems (EMS) market is categorized into the following segments:

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

In 2014, the industrial energy management systems (IEMS) segment was the largest revenue-contributing segment of the global energy management systems market. It accounted for around two-thirds of the global market revenue in the same year. The trend is expected to continue during 2015 – 2022, with the industrial energy management systems segment retaining its dominant position.

The demand for industrial energy management systems is driven by worldwide regulations promoting energy management installations for minimizing emissions and optimizing fuel consumption in varied industries. Although the industrial energy management systems segment is expected to remain the dominant segment, both building energy management and home energy management solutions are expected to exhibit robust growth over the forecast period 2015 – 2022.

The home energy management systems (HEMS) segment is anticipated to witness steep growth due to the growing desire among consumers to analyze and control their household energy consumption. In addition, demand for building energy management solutions (BEMS) is expected to be driven by the escalating demand from commercial shopping complexes, hospitals, and IT parks, among others.

Based on components, the global energy management systems (EMS) market is categorized into the following segments:

  • Hardware (In-House Displays, Smart Thermostats, Smart Plugs, Load Control Switches, Lighting Control Systems, sensors, etc.)
  • Software
  • Others (Communication networks, etc.)

In 2014, the hardware component comprising in-house displays, smart thermostats, smart plugs, load control switches, and lighting control systems, among others, was the largest revenue-contributing segment in the energy management systems (EMS) market. The segment accounted for over 70% of the global energy management systems market revenue. Although the hardware segment is expected to remain the dominant segment over the forecast period, the software segment is poised to become one of the most attractive business segments in the energy management systems market.

Leading players in the energy management systems market, such as Building IQ, Ecova, and C3 Energy, have developed vertical-specific energy management software platforms that would help respective end-user to perform analytics and settle on optimized solutions. Furthermore, the successful integration of data analytics and big data in current energy management system prototypes has been one of the key accomplishments in the energy management systems market in recent years.

Based on geography, the global energy management systems (EMS) market is segmented into the following regions and countries.

  • North America
  • The U.S.
  • Rest of North America
  • Europe
  • EU7
  • CIS
  • Rest of Europe
  • Asia Pacific
  • Japan
  • China
  • Indian Subcontinent
  • Rest of Asia Pacific
  • Rest of the World
  • Latin America
  • The Middle East and Africa

In the base year of 2014, North America comprising the U.S. and Canada was the largest energy systems (EMS) market in terms of revenue and volume. The region acquired over 35 percent of the global market revenue share in 2014. The U.S. was the largest and most lucrative energy management systems market in North America and worldwide. This dominance can be majorly attributed to the relatively high market penetration of wireless technologies in different industry verticals, including power and energy, telecom and IT, and retail, among others.

The region is also characterized by many energy management solution suppliers and service providers. Over the forecast period, Asia Pacific is expected to witness maximum growth, mainly because of the rapid industrialization and growing consumer desire to manage electricity consumption.

Frequently Asked Questions:

The market for Energy Management Systems (EMS) is expected to reach S$ 57.8 Bn by 2022.

The Energy Management Systems (EMS) market is expected to see significant CAGR growth over the coming years, at 14.2%.

The report is forecasted from 2015-2022.

The base year of this report is 2014.

Panasonic Corporation, Honeywell International, Inc., General Electric Company, Cisco Systems, Inc., Schneider Electric SE, Johnson Controls, Inc., Siemens AG, Rockwell Automation, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  May 2016
Category:  Technology & Media
Report ID:   57818
Report Format:   PDF
Pages:   120
Rating:    4.3 (60)
Delivery Time: 24 Hours to 48 Hours   
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