America Energy Management System Market Size 2020 | Industry Trends, Overview, Opportunities and Forecast to 2026

The America energy management system market size will witness an appreciable gain by 2026. Incentives schemes, including energy credits and duty drawbacks and technological advancements are likely to fuel America energy management system industry share. The trend for smart units, along with the implementation of rigorous government norms is likely to add fillip to the landscape.

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The U.S. and Latin America are poised to provide revenue-boosting opportunities in the next few years. With an exponential rise in electricity consumption, governments are emphasizing energy conservation.

The building energy management system (BEMS) service has become a viable method to boost the adoption of energy efficient units to minimize the electricity bills. Moreover, an upsurge in demand for assessing and monitoring real time energy usage, the load fluctuations and system performance will potentially bolster the adoption of the BEMS service in both commercial and residential buildings.

Soaring number of single families in the Americas on the heels burgeoning electricity demand and high migration rate will provide growth potentials in the home energy management system (HEMS) service. Moreover, an infusion of funds in wireless technology to expedite remote monitoring of power consumption will augment the use of the HEMS service.

The trend for sensors will be pronounced owing to better informed choices and timely detection of issues in power quality. The advent of machine learning, IoT and big data for processing and collation of information will foster the demand for smart homes. The market share from the sensors segment will grow at a considerable rate in America by 2026.

End-users are likely to exhibit traction for hardware components in the wake of demand for automation of building establishments. Users can assess live data and collate information and pass data to the dashboard. Moreover, the innate ability to act as an interface between the end-user and the supplier will boost the component adoption.

Use of the system in power & energy operations will propel America energy management system market outlook. Considering that these units can boost indications to keep up with the health and maintenance needs of electrical units will bolster the industry outlook.

The trend for the energy management system will gain prominence in the IT sector following the rise of Industry 4.0. The emergence of novel and advanced technologies has streamlined assessment and collection of raw data. So much so that the demand for intelligent networking has surged drastically in the past few years.

The U.S. is likely to come up as a promising market in the backdrop of robust incentive schemes stimulating the demand for electric grid infrastructure through digitization. Stakeholders are implementing rigorous energy-efficient policies, such as energy codes and Minimum Energy Performance Standards (MEPS) to attain energy intensity targets.

Key market participants are poised to further their investments in Brazil as companies exhibit inclination for user-friendly and fast setup interoperability and interface. Increasing investments emphasizing R&D activities and digitalization will propel the electricity conservation, auguring well for the business outlook.

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Prominent companies are likely to focus on bolstering brand value through strategic decisions pertaining to product launches and partnerships. Some of the leading companies in the America energy management system market are Honeywell, Siemens, ABB, Rockwell Automation, Emerson Electric, GridPoint and Telkonet, among others.

Table of Contents (ToC) of the report:

Chapter 1   Methodology and Scope

1.1    Research Methodology

1.2    List of Data Sources

1.2.1    Primary

1.2.2    Secondary

Chapter 2   Market Snapshot

2.1    America energy management system market snapshot

Chapter 3   America Energy Management System Market Trends

3.1    Industry coverage

3.2    Industry size & forecast, 2015 – 2026

3.3    Value chain analysis

3.3.1    Company product snapshot

3.4    Innovation Landscape

3.5    COVID-19 impact on the industry outlook

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Market drivers

3.7.2    Market restraints

3.8    Industry analysis - Porter's

3.9    Product growth mapping

3.10    Competitive benchmarking, 2019

3.10.1    Strategy dashboard

3.11    PEST analysis

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