The global energy management system market was estimated to be worth US$ 6340 Mn in 2016 and is anticipated to grow at a CAGR of 14.8% from 2017 to 2025, according to a different market report published by Future Market Bits of knowledge and titled “Energy Management System Market – Worldwide Industry Examination 2012 – 2016 and Opportunity Evaluation, 2017 – 2025.”
The primary factors anticipated to propel the growth of the overall energy management system market are the increasing revenue for energy management programmes in the commercial sectors, rising energy costs, ongoing expansion of regulatory obligations and industry regulations, maintaining association brand value and reputation, and shippers profiting from the accumulation of emerging advancements like convenience, cloud, and big data.
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The energy management system measures and reviews the delayed consequences of energy efficiency redesigns. The energy management system helps with sorting out the energy procedure of the association, which maintains the headway of an energy methodology and adds to the plan of energy mean to achieve targets. The energy management system moreover works with the responsibility (obligation and game plan) of the board and has a positive responsibility towards the energy targets.
All the asset concentrated enterprises use a huge measure of unrefined components, water, and energy assets, hence prompting a lot of strong waste, effluents, and emanations. These businesses are regularly dependent upon various worldwide and neighborhood guidelines, alongside a few plant-level geology consistences. To agree with these tough guidelines, ventures are embracing energy the board system and are utilizing different strategies.
The worldwide energy management system market is ordered based on organization, vertical, and programming. Based on sending, the market is portioned into on-reason and cloud-based. The on-premise sub-section was esteemed US$ 3,931.8 Million in 2016. Be that as it may, the cloud-based sub-fragment is projected to enroll a high CAGR of 18.9% during the estimated time frame.
Based on upward, the worldwide energy management system market is sectioned into auto, building robotization, oil, and gas, producing, drug, utilities and energy, and others. The oil and gas sub-portion accounted for a high piece of the pie and was esteemed at US$ 1,727.7 Mn in 2016. Nonetheless, the structure computerization sub-fragment is relied upon to enlist a sound CAGR of 17.3% during the estimated time frame.
Based on programming, the worldwide energy management system market is sectioned into utility energy the board, modern energy management, undertaking carbon and energy management, and private energy management. Endeavor carbon and energy the board portion accounted for a high piece of the pie and was esteemed at US$ 2,257.0 Mn in 2016 and enrolled a CAGR of 17.0%.
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Instances of a portion of the critical rivals in the energy the board system market are International Business Machines Corporation, C. A Technologies, Schneider Electric SE, Eaton Corporation PLC, Cisco Systems, Inc., Siemens AG, Honeywell International, Inc., Asea Brown Boveri (ABB) Ltd., General Electric Company, and Emerson Electric Co.
Key Segments Covered
By Deployment:
- Cloud based
- On-premise
By Vertical:
- Automotive
- Building Automation,
- Oil & Gas,
- Manufacturing,
- Pharmaceutical
- Utilities & Energy
- Others
By Software:
- Utility Energy Management
- Industrial Energy Management
- Enterprise Carbon and Energy Management
- Residential Energy Management.
Key Regions covered:
- North America
- Latin America
- Europe
- Asia Pacific
- MEA
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Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
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