Energy management systems market size, share, development, growth and demand forecast to 2020

GLOBAL INDUSTRY INSIGHT: Energy Management Systems (EMS) Market Size, Share, Development, Growth and Demand Forecast to 2020

Global Energy Management Systems (EMS) Market Size, Share, Development, Growth and Demand Forecast to 2020

The energy management systems (EMS) market is growing at a significant rate due to growing inclination of consumers towards efficient energy, mandatory regulations, government policies, and inclination towards corporate responsibility and brand image. Integration of energy management systems with smart devices, increasing trend of home energy management, high demand of energy management systems in growing economies and exemption from energy, and carbon tax policies are some of the factors providing ample growth opportunities to the energy management systems market. The launch of energy based smartphones is also expected to augment the growth of energy management systems market in the coming years.

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https://www.psmarketresearch.com/market-analysis/energy-management-systems-market North America leads the energy management systems market followed by Europe owing to increasing demand of energy management products and increasing efficiency of management of aging power infrastructure in the region. Europe is expected to lead the energy management systems market in the coming years due to the regulation related to smart meters. Asia-Pacific and Middle East energy management systems market are expected to grow at an exponential rate in the coming years owing to subsidized energy provided to the consumers in the region.

Consumers are shifting towards energy management products due to wider use of variable pricing schemes and increased connectivity by service providers. Cloud computing and internet related services support energy management products which increases connectivity and internet penetration around the world, which is consequently imparting positive impact to the energy management system market.

On the basis of components, the energy management systems market can be categorized as controllers, sensors and software. The energy management systems market can also be categorized on the basis of type as home energy management system, building energy management system and industrial energy management system.

Home energy management system can be further subcategorized on the basis of technology as ZigBee, HomePlug, wireless fidelity (Wi-Fi), Z-Wave and wireless M-Bus. Industrial energy management system can be subcategorized on the basis of technology as programmable logic controls, peak load control system, meter data management, distributed control system, supervisory control and data acquisition, and demand response management solution.

On the basis of software, the energy management systems market can be categorized as industrial energy management systems, utility billing and customer information system, residential energy management systems, utility energy management systems and enterprise, and carbon and energy management. On the basis of device, the energy management systems market can be categorized as smart thermostats, smart plugs, in-house display and load control switches. The energy management systems market can also be categorized on the basis of

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Global Energy Management Systems (EMS) Market Size, Share, Development, Growth and Demand Forecast to 2020

applications as university, school, manufacturing, power and energy, office, hospital system, telecom & IT, municipal, and commercial building. On the basis of end users, the energy management systems market can be categorized as residential and commercial.

Energy price volatility and energy efficiency are some of the factors driving the growth of the energy management systems market. The factors restraining the growth of the energy management systems market include lack of financial resources, non-standardized guidelines and long period of return on investment for energy-intensive industries.

Browse related market research at: https://www.psmarketresearch.com/industry-report/ict-and-media Some of the competitors in the energy management systems market are Emerson Process Management Limited, Schneider Electric Se, General Electric Company, International Business Machines Corporation, Siemens AG, Honeywell International, Inc., Eaton Corporation Plc, Elster Group GmbH, Cisco Systems, Inc. and CA, Inc. About P&S Market Research P&S Market Research is a market research company, which offers market research and consulting services for various geographies around the globe. We provide market research reports, industry forecasting reports, business intelligence, and research based consulting services across different industry/business verticals.

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