The global energy management system market was valued at $24,894.9 million in 2015, and it is expected to grow at a CAGR of 17.3% during 2016 – 2022. Based on components of EMS, control systems was the largest market in 2015. Among the various applications of energy management system, the market for IEMS was the largest. The energy management system generated highest revenue through the commercial end-use segment in 2015. Among the regions, North America was the largest contributor to the revenues of the EMS market in 2015.
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EMS enables the large corporations and firms to monitor their energy consumption, and further manage and control it so as to achieve their energy efficiency goals, by using sophisticated energy usage control techniques. EMS helps firms achieve their specific and predetermined energy efficiency goals. However, to enhance the adoption of EMS, governments in many countries are expected to come up with laws, mandating the usage of these systems in large corporate and commercial buildings. With the focus on climatic changes and saving environment to reduce footprint, the EMS systems are expected to become a fully commercial and mature market, from an evolving market currently. The EMS are then expected to integrate with the operation optimization systems as well, thereby helping the corporates and nations achieve even higher levels of energy efficiency goals.
Besides offering a good return on investment, EMS also promotes the environmental safety. EMS can help big corporate and commercial giants to closely monitor their energy usage, identify and kill the possible energy loss sources, thus saving potential costs. This presents a tremendous cost savings potential for the end users even helping them offset their initial EMS costs, hence achieving a break-even in a matter of years, even months in some cases. Besides just a financial aspect, EMS can also help reduce the energy consumption, and footprint of the end-users, thereby contributing to a greener and safer environment.
The information and data in the publication “Global Energy Management System Market Size, Share, Development, Growth and Demand Forecast to 2022”, represents the research and analysis of data from various primary and secondary sources. Bottom-up and top down approach has been used to calculate the market size. P&S Market Research analysts and consultants interacted with leading companies of the concerned domain to substantiate every value of data presented in the report. The company bases its primary research on discussions with prominent professionals and analysts in the industry, which is followed by informed and detailed, online and offline research.
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EMS can help nations to achieve the national carbon footprint reduction goals. The national governments can also achieve reduction in the energy consumption which will help them reduce the carbon raw material costs as well. For instance, the U.S. is planning to enact a federal carbon regulation which strategizes on future energy supply strategies, amid which there is a strategy to implement EMS. Energy management systems will not only help save energy, and enable corporate to even sell back the energy, but will also help the nation to be better prepared during emergency situations with an appropriate energy backup.
Some of the major players operating in the global energy management system market include Schneider Electric, Honeywell International, Siemens AG, Johnson Controls, Elster Group, C3 Energy, GridPoint Inc., General Electric Company, and Eaton Corporation.
GLOBAL ENERGY MANAGEMENT SYSTEM (EMS) MARKET SEGMENTATION
By Component
Control Systems
Communication Networks
Software
Hardware
Field Equipment
Sensors
Others
By Application
Industrial Energy Management System (IEMS)
Building Energy Management System (BEMS)
Home Energy Management System (HEMS)
By End-User
Commercial
Residential
By Industry Vertical
Power & Energy
Manufacturing
Retail
IT & Telecom
Healthcare
Others
GEOGRAPHICAL SEGMENTATION
North America
Europe
Latin America
Asia-Pacific
Middle-East & Africa (MEA)
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