In 2022, it is anticipated that the global market for energy portfolio management will be worth US$ 3,579 Million. The increased use of smart grid technology and smart metres is essential for raising market value. The entire demand for energy portfolio management is anticipated to reach around 11,569 Million by 2032, growing at a CAGR of 12.4% between 2022 and 2032.
The worldwide energy portfolio the board market is supposed to be esteemed at US$ 3,579 Million out of 2022. The developing reception of savvy meters and shrewd framework assume an essential part in upgrading the market esteem. The general interest for energy portfolio the board is projected to develop at a CAGR of 12.4% somewhere in the range of 2022 and 2032, adding up to around 11,569 Million by 2032
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Energy Portfolio Management Market: Drivers and Restraints
Owing to increasing awareness about energy management, coupled with the company are focussing on gaining carbon credits, which is together anticipated to drive the demand for Energy Portfolio Management solution. Further owing to strict government regulation on limiting the wastage of energy and to promote efficient energy management is the drivers piloting the growth of the market, during the forecast period.
The need for reduce the excessive consumption of energy, energy management and monitoring are the two major factor, which are into consideration by government, with increasing demand for energy monitoring system at industrial and residential sector are crucial factors driving the growth of noise monitoring device market. However, the lack enforcement of proper law implementation in emerging economies are the major factor restraining the growth of the energy portfolio management market.
Competitive Landscape
What are the Leading Players in the Energy Portfolio Management Market Up to?
- In January 2022, Power management company Eaton Corporation PLC announced it has completed the acquisition of Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in an electric vehicle, energy management, industrial, and mobility markets. Under the terms of the agreement, Eaton paid $600 million for Royal Power Solutions, which represents approximately 13.6 times the company’s estimated 2022 EBITDA.
- In November 2021, ABB Power Products & Systems India announced its rebranding as Hitachi Energy India Ltd. to accelerate the clean energy transition in India. Hitachi Energy, which has focused its purpose on ‘advancing a sustainable energy future for all, views India among its top five markets for expansion.
- In June 2022, Siemens further expanded its portfolio in the field of innovative predictive maintenance and asset intelligence with the acquisition of Senseye. The global industrial analytics software company is headquartered in Southampton, UK.
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Key Companies Profiled
- Eaton Corporation PLC
- ABB Ltd.
- Siemens AG
- Schneider Electric
- International Business Machines Corporation
- C.A Technologies
- SAP SE
- Emerson Electric Co.
- Honeywell International Inc.
- Watchwire
Key Segments Covered In The Energy Portfolio Management Industry Analysis
Energy Portfolio Management Market by End User:
- Residential
- Industrial
- Commercial
Energy Portfolio Management Market by Deployment:
- Cloud
- On-premises
Energy Portfolio Management Market by Region:
- North America Energy Portfolio Management Market
- Latin America Energy Portfolio Management Market
- Europe Energy Portfolio Management Market
- Asia Pacific Energy Portfolio Management Market
- The Middle East & Africa Energy Portfolio Management Market
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https://vherso.com/read-blog/26478
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