The global energy management system market is expected to grow from $21,554.4 million in
2014, to reach $46,725.3 million by 2020, registering a CAGR of 14.0% during
2015–2020. The global energy management system, including industrial energy
management system (IEMS), building energy management system (BEMS) and home
energy management system (HEMS), is driven by rising awareness for energy
efficiency, energy price volatility and stringent government regulation for
reducing greenhouse emission and rise in disposable income of households. Government
regulation for adopting renewable energy as an alternative for tradition energy
sources is consequently surging the demand for efficient energy management
solution among commercial and residential end users. This increased demand for
energy management solution is boosting the demand for EMS including IEMS, BEMS
and HEMS.
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EMS is becoming an
important solution among the industries, businesses and individuals to manage
their energy consumption. EMS helps the end users to monitor energy
consumption, thereby helping them to reduce the overall electricity expenses. Increasing
industrial setup in countries such as India and China would increase the demand
for energy, which in turn is expected to provide considerable growth
opportunity for the global EMS market during the forecast period. Moreover,
increased consumer awareness regarding the benefits associated with EMS
solution has urged the home owners, especially in the developed and developing
countries to install effective energy management system at home and commercial
places to reduce the overall energy expenses. This is further boosting the
growth of global EMS market.
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The global market
has witnessed changes in government policies to reduce greenhouse gas emission
since past few years. Increase in energy prices and rise in production cost
across sectors have forced the European businesses to reduce their energy
consumption in recent years. European government has passed 20:20:20 policy,
which urges the European countries to reduce 20% of their greenhouse gas
emissions, raise their energy efficiency by 20% and increase the use of renewable
energy resources up to 20% by 2020.
The information and
data in the publication “Global Energy Management System Market Size, Share,
Development, Growth and Demand Forecast to 2020” represents the research
and analysis of data from various primary and secondary sources. A bottom-up
approach has been used to calculate the global energy management system market
by region, segment, type, application and end-user. P&S Market Research
analysts and consultants interact with leading companies of the concerned
domain to substantiate every value of data presented in this report. The
company bases its primary research on discussions with prominent professionals
and analysts in the industry, which is followed by informed and detailed,
online and offline research.
With the increasing
competition in the market, the energy management system providers are modifying
their product portfolio to offer technologically advanced product to the
commercial and residential end-users. For instance, Schneider Electric launched
“U.Motion”, an intelligent personal Life Space energy management system for
smart homes. U.Motion offer flexibility, simplicity of configuration &
mobility to the EMS solution for home installation. Introduction of advanced
products has boosted the growth of the global energy management system market.
The rapidly growing
energy management system market has also experienced large numbers of partnerships
and collaboration taking place in the industry. For instance, in Oct 2014,
Siemens collaborated with RusHydro, a syndicate of Russian government, to
refurbish hydropower & thermal plants & implement renewable energy
products. In the same month GridPoint, Inc. collaborated with MicroStrategy,
Inc. for developing the enterprise wise energy analytics solutions to improve their
energy manager product offerings.
GLOBAL
ENERGY MANAGEMENT SYSTEM MARKET SEGMENTATION
- By
Segment – includes global market size of energy management system.
- By Type
– incudes global market size of IEMS, BEMS and HEMS
- By
Application – includes global market size of different application area of
EMS including power and energy, manufacturing, retail, IT and telecom,
healthcare and others (educational institution and residential buildings)
- By
End-User – includes global market size of commercial and residential
end-users
- By
Geography – includes market size of North America, Europe, Asia-Pacific,
and Latin America, Middle East & Africa
GLOBAL
ENERGY MANAGEMENT SYSTEM MARKET, BY GEOGRAPHY
North America Energy Management System Market
North America Energy Management System Market
- By
Segment
- EMS, By
Type, Application and End-user
Europe
Energy Management System Market
- By
Segment
- EMS, By
Type, Application and End-user
Asia-Pacific
Energy Management System Market
- By
Segment
- EMS, By
Type, Application and End-user
Latin
America, Middle East & Africa Energy Management System Market
- By
Segment
- EMS, By
Type, Application and End-user
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