DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Energy Management System (EMS) Market - Global Forecast to 2021" report to their offering.
Mandatory regulations and policies for energy management and government's initiatives for digitation of energy infrastructure across the globe are some of the factors expected to drive the Energy Management System (EMS) market
The EMS market size is estimated to grow from USD 32.41 billion in 2016 to USD 76.75 billion by 2021, at a Compound Annual Growth Rate (CAGR) of 18.8% due to the mandatory regulations and policies, need for centralized energy management and control, increasing demand for home energy management and building energy management solutions, and increasing concern for reducing carbon footprints.
The major industries implementing EMS are power and energy, telecom and IT, office and commercial buildings, and manufacturing sectors. The manufacturing sector is the top revenue generating industry vertical for the EMS market. The offices and commercial building sector is expected to show the highest growth rate during the forecast period due to increasing awareness for carbon footprint management, advantages of building automation technology, tax benefits for energy efficiency certification in this sector.
Lack of standardization, high initial cost of deployment, longer period of return on investment, and lack of specialized & skilled workforces are expected to restrict the market growth. However, these factors are expected to be impactful only for a short period. On a strategic front, many companies are utilizing different growth strategies, such as mergers & acquisitions, partnerships & collaborations, and product development to increase their share in the market.
- Asea Brown Boveri (ABB) Ltd.
- CA Technologies
- Cisco Systems, Inc.
- Eaton Corporation PLC
- Emerson Electric Company
- General Electric Company
- Honeywell International, Inc.
- International Business Machine Corporation
- Schneider Electric SE
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Energy Management System Market: Industry Trends
7 Energy Management System Market Analysis, By Software
8 Energy Management System Market Analysis, By Device
9 Energy Management System Market Analysis, By Application
10 Energy Management System Market Analysis, By Solution
11 Energy Management System Market Analysis, By Vertical
12 Geographic Analysis
13 Competitive Landscape
14 Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/72ztgn/energy_management