Market Research Report
Energy Management System (EMS) Market by Software (Utility, Industrial, Residential, ECEM), Device (In-House Display, Smart Thermostat, Smart Plug, and Load Control Switches), Application, Solution, Vertical - Global Forecast to 2021
|Published by||MarketsandMarkets||Product code||279086|
|Published||Content info||156 Pages
Delivery time: 1-2 business days
|Energy Management System (EMS) Market by Software (Utility, Industrial, Residential, ECEM), Device (In-House Display, Smart Thermostat, Smart Plug, and Load Control Switches), Application, Solution, Vertical - Global Forecast to 2021|
|Published: August 18, 2016||Content info: 156 Pages||
"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.
North America is expected to hold the largest share of the EMS market in 2016 due to the region being technologically advanced and the increasing spending on energy efficiency programs along with regulatory government mandates in the U.S. and Canada. Asia-Pacific (APAC) is expected to grow at the highest growth rate during the forecast period due to rapid smart grid deployments and regional government spending for digitization of energy infrastructure in China, Japan, and India, Australia, Singapore, New Zealand, and South Korea.
In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key industry personnel. The break-up profile of primary discussion participants is given below.
The various key EMS vendors profiled in the report are as follows:
The report will help the market leaders/new entrants in EMS market in the following ways:
*Details on overview, financials, product & services, strategy, and developments might not be captured in case of unlisted companies.