Energy management system market will exhibit a substantial growth rate of over 11% over the coming seven years

U.S. energy management system market to amass remarkable gains over 2019-2024, United States to majorly drive the regional growth, owing to government initiations towards energy conservation across this region. China EMS industry is expected to grow noticeably, surpassing a revenue of USD 2 billion by 2024. The attributing factor towards the regional market growth is surging demand for reliable electricity and escalating industrialization.

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As per the study, Europe energy management system market share will surge significantly, mainly contributed by Germany, UK, and Italy. The government initiatives regarding energy efficiency will boost Germany Energy management system industry size over the coming years. UK accounted for more than 20% of the overall regional share in 2015 and will observe substantial growth, driven by the fuel scarcity.

Brazil Energy management system market worth over USD 300 million in 2015 and is expected to register eye-catching growth, which can be attributed to the growing adoption of smart technologies to conserve energy.

Global Energy Management System Market, By Service

  • IEMS
  • BEMS
  • HEMS

Global Energy Management System Market, By Component

  • Metering and field equipment
  • Hardware
  • Software
  • Networking device
  • Control systems
  • Sensors
  • Others

 

Qatar accounted for over 5% of the total regional revenue of the Middle East energy management system industry in 2015. The growing population and rapid industrialization will affect considerably on the regional growth.

To measure total electricity consumption along with consumption pattern and operating cost

It balances the total supply with consumption, thereby improving total network efficiency

Furthermore, control Energy management system market will surpass a revenue of USD 3 billion by 2024, mainly driven by its capability to maintain essential environment factors such as pressure, temperature, ventilation, and humidity in a cost- effective manner.

 

Buildings, industries, and homes are the some of the major service segments of the energy management system market trends. Building energy management system (BEMS) market collected more than 19% of the total industry share in 2015. Some of the factors will impact positively on BEMS industry growth as mentioned below,

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Increasing demand for smart buildings, owing to the rising awareness about carbon footprints

Extensive use of this system in the buildings to control, monitor, and manage energy consumption

Industrial energy management system market surpassed a revenue of USD 9 billion in 2015 and will grow notably over the coming years, owing to its mounting usage to monitor & analyze load fluctuation, real time consumption, and equipment performance.

Home Energy management system market size will exhibit an annual growth of more than 16% over the period of 2016 to 2024. The growth can be attributed to government support in terms of financial subsidize to purchase trademark products.

Table of content for this research report:

Chapter 4    Energy management system service Insights

4.1    Energy management system market share by service, 2015 & 2024

4.2    IEMS

4.2.1    Global Energy management system market estimates and forecast from IEMS, 2013 – 2024

4.2.2    Global Energy management system market revenue from IEMS, by region, 2013 – 2024

4.3    BEMS

4.3.1    Global Energy management system market estimates and forecast from BEMS, 2013 – 2024

4.3.2    Global Energy management system market revenue from BEMS, by region, 2013 – 2024

4.4    HEMS

4.4.1    Global Energy management system market estimates and forecast from HEMS, 2013 – 2024

4.4.2    Global Energy management system market revenue from HEMS, by region, 2013 – 2024

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Based on the regional landscape, Japan Energy management system market share contributed towards 20% of the global revenue in 2015 and is predicted to grow considerably over the coming timeline, due to the rising awareness about GHG emissions coupled with shifting dependency on imported fuel.

The mounting demand for reliable electricity will generate heavy opportunities for Energy management system market players over the coming years. Few notable industry participants include General Electric Corp., Honeywell International Inc., Schneider Electric, Eaton Corporation, ABB, Emerson Electric, Siemens AG, and Johnson Controls.

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