Global Energy Management Systems Market Drivers, Challenges & Trends 2016-2020 - Increasing Need for Cost Reduction / High Initial Costs / Increased Green Building Constructions - Research and Markets

DUBLIN--()--Research and Markets has announced the addition of the "Global Energy Management Systems Market 2016-2020" report to their offering.

The global energy management systems for healthcare sector market to grow at a CAGR of 10.41% during the period 2016-2020.

The report covers the present scenario and the growth prospects of the global energy management systems for healthcare sector 2016-2020. The revenue calculation is based on the technologies that help to monitor and control the energy consumption in the healthcare facility. The technologies that are included are lighting controls, HVAC, intelligent sensors, and energy management and control. The report also includes a discussion of the key vendors operating in this market.

Increasing need for energy efficiency will be a key trend for market growth. With the growth in global economy, there is also a rise in energy demand, global demand for energy is likely to increase by 75% by 2030. Energy shortages are becoming a challenge for organizations. Thus, each organization is striving to solve the energy shortage crisis.

Energy efficiency is the most efficient way to reduce energy consumption, as it is much economical than buying additional power from reserve plants. Thus, the need for energy efficiency has increased as its cheaper and cleaner. As of 2015, there were more than 120 countries that has some level of energy efficiency targets in place and more than 140 countries had some kind of energy efficiency framework in place.

According to the report, one of the key drivers for market growth will be the reducing impact of energy costs on business. There is a continuous surge in electricity generation worldwide due to growing population and urbanization. Thus, utilities are running the plants at full capacity to generate more power from the existing infrastructure. Power companies are trying to make power generation efficient by adding new technological developments like substation automation, demand response system for power supply, and energy management systems to conserve energy in conventional plants.

The addition of these technologies enables them to have greater visibility of the grid's function, which allows them to find areas of inefficiencies and correct them for producing power more efficiently. The technological developments also minimize the waste without affecting the power quality, leading to lesser carbon emissions.

Key vendors

  • Eaton
  • GE-Alstom Grid
  • Honeywell
  • Johnson Controls
  • Schneider Electric

Other prominent vendors

  • Veoila
  • Pacific Controls
  • Distech
  • Futronix
  • Siemens
  • EnerNoc

For more information about this report visit http://www.researchandmarkets.com/research/d4mwjp/global_energy

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Related Topics: Energy and Natural Resources, Utilities, Electricity

Contacts

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T. Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Related Topics: Energy and Natural Resources, Utilities, Electricity