Energy Management System Market share to exceed $38bn by 2024: Fractovia.org Climatic changes worldwide are acting as a major growth accelerant for the global energy management system(EMS) market. To curb the catastrophic environmental impacts, a noticeable twin strategy is being pursued worldwide, relying more on renewable energy sources and using energy more efficiently. Government backed favorable acts implemented across emerging lands to encourage energy conservation is further propelling the industry demand. For instance, European union has introduced EPBD 2002/91/EC (Energy Performance of Buildings) directive that mainly focuses on enhancing energy efficiency of buildings.
The implementation of these energy management systems, have resulted in a significant reduction in greenhouse gas emissions and energy cost, thereby leading to a strategic use of dwindling energy resources. The three most prominent energy consumption sectors that drive energy management system market include industrial, residential, and construction sector. Driven by the surge in energy consumption in the domestic sector, HEMS (home energy management system) market is anticipated to grow lucratively in the coming time frame at a tremendous CAGR of 16% over 20162024. In 2015, U.S. government introduced the REEVA Act (REEVA), with a prime objective to limit energy depletion in the residential sector to optimize energy utilization. Energy management system industry from buildings accounted for one-fourth of the revenue share in 2015 and is set to be one of the promising area thriving the application landscape in the years ahead. Increasing adoption of IoT for monitoring the energy consumption as well as introduction of smart meters to optimize the realtime data, will leave a positive impact on the market outlook. Industrial energy management system market is also expected to contribute substantially in terms of revenue toward the overall industry in the coming time frame. Geographically, China and Japan are the two major revenue pockets of APAC energy management system market. China market is expected to surpass USD 2 billion by 2024. Growing consumer claim for reliable power supply along with rapid industrialization across these regions will be driving forces behind the regional growth of the industry. Japan EMS market having held 20% of the regional market, will also hold a considerable share over the coming seven years. U.S. energy management system industry will grow substantially at an annual growth rate of 11%, owing to the increasing number of government measures in U.S. for energy conservation and efficiency.
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Europe Energy Management System Market size, by component, 2013 - 2024 (USD Billion)
Improving the energy performance will prove to be pivotal for security of electricity, competitiveness, and for addressing the environmental challenges that the world is continuously facing today. Some of the prominent industry players in energy management system market include ABB, Schneider Electric, CA Technology, Eaton Corporation, and Honeywell International.
Table of Content of Energy Management System Market:
Chapter 1 1.1
1.2
Methodology & Scope Research Methodology 1.1.1
Initial data exploration
1.1.2
Statistical model and forecast
1.1.3
Industry insights and validation
1.1.4
Research scope and assumptions
List of Data Sources 1.2.1.
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Primary
1.2.2. Chapter 2 2.1
Chapter 3 3.1
Secondary
Executive Summary Energy management system industry 3600 synopsis, 2013 - 2024 2.1.1
Current business environment
2.1.2
Service trends
2.1.3
Component trends
2.1.4
Regional trends
Energy management system Industry Insights Industry segmentation
3.2 Industry size, forecast and growth prospects and growth prospects, 2013 – 2024 3.3
Energy management system industry ecosystem analysis 3.3.1
Vendor matrix
3.4
Innovation & sustainability
3.5
Regulatory framework
3.6
3.5.1
U.S.
3.5.2
Europe
3.5.3
China
3.5.4
Brazil
Energy management system industry dynamics 3.6.1
Growth drivers 3.6.1.1 Stringent government norms 3.6.1.2 Increasing infrastructure spending 3.6.1.3 Growing Electricity demand
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3.6.2
Industry pitfalls & challenges 3.6.2.1 High initial investment
3.7
Key growth opportunities
3.8
Porter’s analysis
3.9
Competitive landscape, 2015 3.9.1
Strategy dashboard
3.10 PESTEL analysis Browse key industry insights spread across 110 pages with 169 market data tables & 10 figures & charts from the report Energy Management System (EMS) Market in detail along with the table of contents: https://www.fractovia.org/news/industry-research-report/energy-managementsystem-EMS-market About Fractovia.org Fractovia.org is one of India's leading in-house and free news portal. It is fully automated, and operates on a constant premise, interfacing with news sites and offering redesigned breaking features to readers across the globe. Our mission is to offer individuals opportunities for connections with news writers and distributors which they can pursue. We operate by mapping articles pertaining to breaking news, constantly and progressively, against a pre-determined word-based theme, offering important connections to readers and clients, as well as distributers.
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