Energy Management Systems360 Market Updates adds Global Energy Management Systems Market 2021 report that offers an exhaustive coverage of the industry with brief analysis, data charts, figures, statistics that help take business decisions, company profiles and more. Energy Management Systems Market provides AN in-depth statement on the key influencing factors, market statistics in terms of revenues, segment-wise knowledge, region-wise knowledge, and country-wise knowledge are offered within the full study. COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets.

Global “Energy Management Systems Market” Report 2021 studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter’s Five Forces Analysis. Also, Energy Management Systems Market is predicted to grow at a CAGR of 19.01 during the forecast period. And report provides a complete market overview, a list of top manufactures, the scope of the report, key market trends of the Energy Management Systems market, and the main aspect of the report- why do you have to buy this research report? So don’t miss it.

The report gives – Who are the global key players in this keyword market? What are their company profile, product information, and contact information?  What Was the Global Market Status of Energy Management Systems Market? What Was Capacity, Production Value, Cost and PROFIT of Energy Management Systems Market?

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Energy Management Systems Market Overview 2021:

The global energy management systems market was valued at USD 37.26 billion in 2017 and is projected to reach a value of USD 105.86 billion by 2023, at a CAGR of 19.01% over the forecast period, 2018-2023. The scope of the report is limited to solutions offered by major players, including providers of hardware, software, and services. While the regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. The study also emphasizes on the measures adopted by the industries in the market toward energy management.

Owing to the increasing use of smart grid services, growing competition among industrial enterprises, and supporting government policies and incentives associated with energy efficiency, the market is expected to witness considerable growth in the future. Currently, the world faces the problem of energy security and inefficient access to electricity because of which various initiatives are being taken to effectively manage the energy sources. Due to the increasing environmental concerns regarding extinction of conventional energy sources, it is necessary to shift toward the use of renewable energy sources. These concerns call for efficient energy management, which has prompted many countries to generate electricity through renewable sources. China emerged as the leader in the installed renewable energy capacity industry in 2016, with a combined capacity of 545.21 gigawatt. However, lack of skilled personnel challenges the market from growing exponentially.

Increasing Usage of Smart Grids Will Drive the Market Growth

In an increasingly complex world, fazed by a robust energy demand and aging electricity infrastructure, the implementation of a smart grid is crucial in making worldwide energy supply more reliable, energy-efficient, and sustainable as it monitors, measures, and manages the transport of electricity. Further, smart grids are an essential element for expanding the use of some technologies, such as electric vehicles and renewable energy sources, such as wind energy, geothermal power, and solar heat and power. Moreover, the combination of power grids with 5G technology will offer growth opportunities to the market. The companies are examining use cases of the emerging 5G technology in the power grid, as part of the 5Grid project in Berlin, for studying the impact of 5G on the energy sector. The smart grid projects are increasingly being funded by the governments, to develop a sustainable solution for the growing energy demands across the globe. For instance, in the United States, companies, like Honeywell, General Electric, Trilliant Networks, and Itron, have received funding between USD 60 and 300 million. Thus, the smart grid expenditure in the country has consistently increased over the past four years, a trend which is expected to continue over the forecast period.

Manufacturing Industry Will Account for a Significant Share

The manufacturing centers have equipment installed that run continuously, critical to the plant operations. The industries are making efforts to optimize their carbon footprint by using energy management systems. The companies are under pressure to implement energy management systems because of the strict regulations regarding the control of environmental emissions. The customers in the market are also growing sensitive to the products they use, and changing preferences toward eco-friendly products, which is also expected to encourage the growth of the energy management systems in the industry. Energy management systems are present in the market for specific needs of the manufacturing industry that will help them either use less energy or not emit harmful gases into the environment. With the electricity prices increasing worldwide, the companies have started implementing these systems to gain a better control over energy use and spend.

North America is Expected to Lead the Market with the Largest Share

North American market will be driven by the increasing number of smart buildings, green infrastructure, rising energy demands, and adoption of EMS across various verticals, such as manufacturing, energy & power, and construction, primarily in the United States and Canada. North America is a huge manufacturing hub, and the usage of energy increases, especially in sectors, like steel manufacturing, paper, automotive, and chemical. Moreover, an increase in the usage of EMS is expected because of the increasing regulations and policies enforced by the U.S. DOE and related agencies in North America. Because of stringent norms by DOE in the U.S., more companies are expected to start using EMS to reduce emissions. With the electricity rates increasing in the region, the companies will start using these systems to produce their electricity to power their manufacturing centers.

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Top Key-players/Leading Manufacturers of Energy Management Systems Market:

  • IBM Corporation
  • Rockwell Automation Inc.
  • Siemens AG
  • Schneider Electric Co.
  • Cisco Systems
  • Eaton Corporation
  • Honeywell International Inc.
  • CA Technologies
  • SAP and General Electric Co. Other players include Tendril
  • Utilities Direct
  • EnergyCAP
  • EnerNOC Inc.

With tables and figures helping analyze the worldwide Global Energy Management Systems market, this research provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

The Global Energy Management Systems market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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Key Developments in the Energy Management Systems Market:

  • August 2017 – Aclara, which is a leading supplier of smart infrastructure solutions to electric, gas and water utilities, had acquired GE’s majority equity position in General Electric Philippines Meter and Instrument Co. With this acquisition, Aclara acquired majority equity position in this joint venture by enhancing their global market leadership, as it helped them expand their international footprint into the growing ASEAN and APAC markets. This development further strengthened their ability to offer next-generation smart meters through a broad meter portfolio.
  • April 2017 – ABB and IBM collaborated in industrial artificial intelligence solutions. ABB and IBM applied Watson’s capabilities to predict supply patterns in electricity generation and demand from historical and weather data, to enable utilities to optimize the operation and maintenance of the existing smart grids, which are facing increased complexity created by the new balance of conventional, as well as renewable power sources.
  • February 2017 – Schneider Electric collaborated with ENGIE, to digitize the energy sector. This joint initiative was taken to explore and deploy new digital solutions for improving the operational efficiency of renewable assets, such as solar PV and wind, leveraging Supervisory Control and Data Acquisition (SCADA) related application software powered by Schneider Electric’s Wonderware brand. This partnership also demonstrated ENGIE’s desire to accelerate its digitization globally to lead the energy transition.

    This Energy Management Systems Market Research/analysis Report Contains Answers to your following Questions

    • What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for Energy Management Systems Industry?
    • What Was the Global Market Status of Energy Management Systems Market? What Was Capacity, Production Value, Cost, and PROFIT of Energy Management Systems Market?
    • What Are Projections of Global Energy Management Systems Industry Considering Capacity, Production, and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply, and Consumption? What about Import and Export?
    • What Is Energy Management Systems Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

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    • What Is Economic Impact On Energy Management Systems Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
    • Which Manufacturing Technology is used for Energy Management Systems? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
    • Who Are the Global Key Players in This Energy Management Systems Market? What are Their Company Profile, Their Product Information, and Contact Information?
    • What Is the Current Market Status of the Energy Management Systems Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Energy Management Systems Market by Taking Applications and Types in Consideration?
    • What Are Market Dynamics of Energy Management Systems Market? What Are Challenges and Opportunities?

    Reasons to Purchase Energy Management Systems Market Report:

    • The report analyses how stringent emission control norms will drive the global Energy Management Systems market.
    • Analyzing various perspectives of the market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market.
    • Study on the regions that are expected to witness the fastest growth during the forecast period.
    • Identify the latest developments, market shares, and strategies employed by the major Energy Management Systems market players.
    • 3 months’ analyst support along with the Market Estimate sheet (in excel).

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