Market Research Report
Energy Management Systems Market By Component, By End User, By Type, By Application : Global Opportunity Analysis and Industry Forecast, 2020-2030
|Energy Management Systems Market By Component, By End User, By Type, By Application : Global Opportunity Analysis and Industry Forecast, 2020-2030|
Published: March 1, 2022
Allied Market Research
Content info: 285 Pages
Delivery time: 2-3 business days
An energy management system is usually a collection of computer-aided tools used by operators of electric facilities to monitor, control, and optimize the performance of the generation and/or transmission system. Different computer aided tools are implemented from short time control modules to scheduling or commitment of power production units on a day/week basis. EMS has the objective of maximizing system performances by monitoring and controlling functions, which require a centralized system of data collection and a decision-making procedure.
Energy management systems have gained popularity since they help gain competitive advantage, increase productivity, and reduce energy cost. In addition, the government policies toward energy conservation & the limited availability of fossils have drawn attention of the corporate. Every industry small or big runs with the help of energy, so it is essential to deploy energy management system. Although technology has advanced at a brisk pace, the end-use clients may not be adopting the same as quickly. Most of the potential buyers of energy management systems are at a stage where they are aware about the benefits of implementing such system, however preferably utilizing traditional technology and applications. Financial barriers, limited expertise, and fragmented stakeholders are some of the key challenges for the energy management system market.
The global energy management system market is segmented on the basis of component, end user, type, application, and region. The component segment is bifurcated into solution and service. By end user, the market is segmented into energy and utilities, IT and telecom, manufacturing, retail, healthcare, and others. Furthermore, on the basis of type, the market is categorized into home energy management systems, building energy management systems, and industrial energy management systems. By application, the market is broadly classified into residential and commercial. In addition, to gain further diverse insight, the market is analyzed across major regions, namely, North America, Europe, Asia-Pacific, and LAMEA.
The key players that operate in the energy management system market are C3, Inc., Delta electronics, Inc., Dexma, General Electric company, Gridpoint, Honeywell international Inc., Johnson controls international plc, Schneider Electric S.E, Siemens and Yokogawa electric corporation.
Key Benefits For Stakeholders
By End User