Global Energy Management System Market Overview
The Global Energy Management System market is accounted for $35.50 billion in 2017 and is expected to reach $185.75 billion by 2026 growing at a CAGR of 20.2% during the forecast period. Increasing awareness about carbon footprint management, high demand in growing economies, rising energy consumption and price volatility are some of the key factors restricting the market growth. However, high initial cost of deployment and lack of financial resources are restricting the market.
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Industry Insights:
Energy Management Information provides relevant information that makes energy performance visible to various levels of an organization, enabling individuals and departments to plan, make decisions and take effective action to manage energy. It can lead to productivity improvements through the continuous monitoring of energy performance, and savings opportunities that, once implemented, are sustained over the long term.
Major Players:
Some of the key players profiled in the Energy Management System Market include Honeywell International, Inc., Schneider Electric SE, Siemens AG, International Business Machine Corporation, CA Technologies, General Electric Company, Eaton Corporation PLC, Cisco Systems, Inc., Emerson Electric Company, Asea Brown Boveri (ABB) Ltd., Yokogawa electric corporation, Gridpoint inc., Dexma, Johnson controls international plc, Delta electronics, inc, Itron, Alertme.Com Ltd, Silver Spring Networks, Inc., Opower, Inc and Elster Group Gmbh.
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Market Segmentation:
Amongst Component, Sensors held considerable market share during forecast period owing to technological advancements and real-time data tracking with enhanced efficiency of sensors. Commonly used sensors include thermal cameras, motion-detecting, optical cameras, and optical trip wires. By geography, North America is anticipated to have the largest market share and dominated the market during the forecast period due its wide acceptance in a variety of end users including retail, power, and manufacturing sectors.
Solutions Covered:
• Utility Billing and Customer Information System
• Demand Response Management
• Carbon Management System
Software's covered:
• Enterprise Carbon and Energy Management
• Residential Energy Management System
• Industrial Energy Management System
• Utility Energy Management System
• Other Software's
Regions Covered:
• North America
• Europe
• Asia Pacific
• South America
• Middle East & Africa
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