A new market study, titled “Global Energy Management System Market Size, Status and Forecast 2020-2023” has been featured on Market Research Future.
Global Energy Management System Market Research Report offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Related Link :https://www.marketresearchfuture.com/sample_request/2808
Based on careful analysis, the report by Market Research Future (MRFR) states that the energy management system market is set to be highly profitable with the market value of USD 89 Billion by 2023, recording a healthy CAGR of 18% during the forecast period (2017-2023).
Energy management system (EMS) is defined as a system that monitors and conserves energy in a building or an organization. As per the global energy management system market report published by Market Research Future (MRFR) infers increase for this market at 18% CAGR between 2017 and 2023. In terms of monetary value, the market can be worth USD 89 bn by the end of the forecast period.
The global energy management system market segmentation covers software, solution, and verticals.
The software-based segmentation of this market covers enterprise carbon & energy management, industrial EMS, residential EMS, and utility EMS. Industrial EMS is useful for factories and manufacturing units. Residential EMS is useful in residential areas and housing societies. Utility EMS is used by organizations that
Based on the solution, the market has been segmented into carbon energy management, customer information system, demand response management, and utility billing.
In the context of verticals, the market has been segmented into energy & power, healthcare, manufacturing, information technology (IT) & telecommunication, office & commercial buildings, and others.
The regional analysis of the energy management system market has been done for the regions of Asia Pacific, Europe, North America, and Rest of the World.
Among these, North America has been estimated to be the largest market in the global market, owing to the increasing demand for adoption of building energy management systems (BEMS), resulting in a healthy environment across the building.
Europe is set to acquire the second position in the global energy management system market, on account of government initiatives for the implementation of energy saving plans along with promotion of renewable energy resources. For instance, the Italian government introduced the Energy Efficiency Certificate trading scheme, targeting energy service company entities along with Conto Termico, which mainly focusses on the building sector.
Increasing industrialization and advancements in technologies supplement the growth of energy management systems market in the Asia Pacific region. Korea has been the highest revenue generating country till now, followed by China and Japan. Moreover, energy management system for residential end users is expected to rise in the region, with the increasing per capita disposable income, coupled with growing awareness, and strict environmental regulation policies.
The key vendors in the energy management system market include Enernoc Inc. (U.S.), Cisco Systems Inc. (U.S.), Daikin Industries Ltd. (Japan), Honeywell International Inc. (U.S.), Siemens AG Ltd. (Germany), Eaton Corporation PLC (Ireland), Emerson Electric Company (U.S.), CA Technologies (U.S.), Carma Industries Inc. (Canada), International Business Machines Corporation (U.S.), among others.
More Information :https://www.marketresearchfuture.com/reports/energy-management-system-market-2808
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Market Research Future
+1 646 845 9312
Email: [email protected]