Energy Management System Market Regional Outlook, Drivers, Revenue, Competitive Analysis and Growth Rate by 2023

The global energy management system market was valued at $39,520.0 million in 2017 and is forecasted to witness a CAGR of 19.3% during 2018–2023 and is expected to reach $113,476.9 million by 2023. Based on components of EMS, control system was the largest market. EMS enables large corporations and firms to monitor their energy consumption, and further manage and control it, to achieve energy efficiency goals by using sophisticated energy usage control techniques. However, to enhance the adoption of EMS, governments in many countries are expected to come up with laws, mandating the usage of these systems in large corporate and commercial buildings.
With the focus on climatic changes, and saving the environment to reduce carbon footprint, the EMS systems are expected to become a fully commercial and mature market, from an evolving market currently. The EMS are then expected to integrate with the operation optimization systems as well, thereby helping the corporates and nations achieve even higher levels of energy efficiency goals.
EMS can help the nations to achieve the national carbon footprint reduction goals. The national governments can also achieve reduction in the energy consumption which will help them reduce the carbon raw material costs as well. For instance, the U.S. is planning to enact a federal carbon regulation which strategizes on future energy supply strategies, amid which there is a strategy to implement EMS. Energy management systems will not only help save energy, and enable corporate to even sell back the energy, but will also help the nation to be better prepared during emergency situations with an appropriate energy backup.
Some of the major players operating in the global energy management system market include Schneider Electric, Honeywell International, Siemens AG, Johnson Controls, Elster Group, C3 Energy, GridPoint Inc., General Electric Company and Eaton Corporation.
About P&S Intelligence
P&S Intelligence, a brand of P&S Market Research, is a provider of market research and consulting services catering to the market information needs of burgeoning industries across the world. Providing the plinth of market intelligence, P&S as an enterprising research and consulting company, believes in providing thorough landscape analyses on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. 
Contact: 
P&S Intelligence
Toll-free: +1-888-778-7886 (USA/Canada)
International: +1-347-960-6455

Comments

  1. Cyber security training courses onlineMay 23, 2019 at 12:00 AM

    This blog clearly shows the importance of energy management system. I found this blog very informative. Thanks for sharing

    ReplyDelete

Post a Comment

Popular posts from this blog

Predictive Maintenance Market Size, Share, Key Players and Growth Drivers Forecast to 2023

Image
Predictive maintenance helps in retrieving multiple data sources in real time to determine the condition of in-service equipment, and check quality issues and asset failures. The increasing demand of big data, internet of things and growing focus of organizations to reduce operational cost, are the key factors resulting in the growth of predictive maintenance market . Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/predictive-maintenance-market/report-sample The solutions offered for predictive maintenance has been leading the growth of this market. Among the various services offered for predictive maintenance, system integration and consulting service is expected to be the key growth driver for the market. The adoption of predictive maintenance has been increasing in various sectors, including government, aerospace & defence, energy & utilities, manufacturing, healthcare, and transportation & logistic...
Read more

Compressor Market Outlook With Future Trends and Regional Analysis by 2023

Image
Compressor market  is expected to reach $45.7 billion by 2023 and exhibiting a CAGR of 3.5% during the forecast period. The rising demand for energy efficient systems, rapid industrialization, and growing automotive industry in developing countries such as China and India some of the major factors pushing the market growth. Request for a free sample copy of this research report @  https://www.psmarketresearch.com/market-analysis/compressor-market/report-sample Based on compressor type, the market is categorized into positive displacement and dynamic compressors. Positive displacement category held a larger market share in 2017. This is ascribed to its widespread adoption across small and medium scale industries. Positive displacement compressors offer various advantages such as high-pressure ratio for relatively small size, higher efficiency and lower cost. On the basis of application, the compressor market is segmented into construction, power, industrial manufacturin...
Read more