The global energy management system market is expected to grow from $21,554.4 million in 2014, to reach $46,725.3 million by 2020, registering a CAGR of 14.0% during 2015–2020. The global energy management system, including industrial energy management system (IEMS), building energy management system (BEMS) and home energy management system (HEMS), is driven by rising awareness for energy efficiency, energy price volatility and stringent government regulation for reducing greenhouse emission and rise in disposable income of households. Government regulation for adopting renewable energy as an alternative for tradition energy sources is consequently surging the demand for efficient energy management solution among commercial and residential end users. This increased demand for energy management solution is boosting the demand for EMS including IEMS, BEMS and HEMS.
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EMS is becoming an important solution among the industries, businesses and individuals to manage their energy consumption. EMS helps the end users to monitor energy consumption, thereby helping them to reduce the overall electricity expenses. Increasing industrial setup in countries such as India and China would increase the demand for energy, which in turn is expected to provide considerable growth opportunity for the global EMS market during the forecast period. Moreover, increased consumer awareness regarding the benefits associated with EMS solution has urged the home owners, especially in the developed and developing countries to install effective energy management system at home and commercial places to reduce the overall energy expenses. This is further boosting the growth of global EMS market.
GLOBAL ENERGY MANAGEMENT SYSTEM MARKET SEGMENTATION
- By Segment – includes global market size of energy management system.
- By Type – incudes global market size of IEMS, BEMS and HEMS
- By Application – includes global market size of different application area of EMS including power and energy, manufacturing, retail, IT and telecom, healthcare and others (educational institution and residential buildings)
- By End-User – includes global market size of commercial and residential end-users
- By Geography – includes market size of North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa
GLOBAL ENERGY MANAGEMENT SYSTEM MARKET, BY GEOGRAPHY
North America Energy Management System Market
- By Segment
- EMS, By Type, Application and End-user
Europe Energy Management System Market
- By Segment
- EMS, By Type, Application and End-user
Asia-Pacific Energy Management System Market
- By Segment
- EMS, By Type, Application and End-user
Latin America, Middle East & Africa Energy Management System Market
- By Segment
- EMS, By Type, Application and End-user
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