Global Energy Management Systems Market 2021 is expected to register a CAGR of 19.01%, during forecast period with Impact of Covid 19 Analysis

Energy

Global “Energy Management Systems Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Energy Management Systems in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Energy Management Systems Market report categorizes the market based on manufacturers, regions, type, and application. Energy Management Systems Market reports offer a detailed assessment of the Energy Management Systems including enabling technologies, current market situation, market assumptions, restraining factors.

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

TO UNDERSTAND HOW COVID-19 IMPACT IS COVERED IN THIS REPORT – REQUEST SAMPLE

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.

Get a Sample PDF of Report @ https://www.360marketupdates.com/enquiry/request-sample/12887198

The global Energy Management Systems market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Energy Management Systems Market Report covers the Top Key-players in 2021:-

  • 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.

Highlighted points of Energy Management Systems Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

Inquire more and share questions if any before the purchase on this report @ https://www.360marketupdates.com/enquiry/pre-order-enquiry/12887198

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

  • 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’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Energy Management Systems Market? What Was Capacity, Production Value, Cost and PROFIT of Energy Management Systems Market?
  • What Is Current Market Status of 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 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?
  • What Is Economic Impact On Energy Management Systems Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Energy Management Systems Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Energy Management Systems Industry?

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.

    Reasons to Purchase this Report

  • Impact of opportunities offered by smart cars, smart cities, and smart infrastructure initiatives
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Growth of various hardware products, such as sensors and controllers
  • Regional analysis of the market
  • Identify the latest developments, market shares and strategies employed by major market players.
  • Three months of analyst support, along with the Market Estimate sheet (in excel)

    Purchase this report (Price 4250 USD for a single-user license) @ https://www.360marketupdates.com/purchase/12887198

    Finally, the report Global Energy Management Systems Market 2021 describes the Energy Management Systems industry expansion game plan, the Energy Management Systems industry knowledge supply, appendix, analysis findings, and the conclusion.

    About 360 Market Updates:

    360 Market Updates is a credible source for gaining the market reports that will provide you with the lead your business needs. At 360 Market Updates, our objective is to provide a platform for many top-notch market research firms worldwide to publish their research reports, as well as helping the decision-makers in finding the most suitable market research solutions under one roof. Our aim is to provide the best solution that matches the exact customer requirements. This drives us to provide you with custom or syndicated research reports.

    Contact Info: –

    360 Market Updates

    Mr. Ajay More

    USA: +1 424 253 0807

    UK: +44 203 239 8187

    [email protected]

    Global Vinyl Terminated Polydimethylsiloxane Market Analysis 2021-2026 With Top Countries Data Research Reports, Industry Size, In-Depth Qualitative Insights, Explosive Growth Opportunity, Regional Analysis | With Covid 19 Analysis

    Global EEG Equipment Market Trend 2021 with Top Countries Data Industry Insights by Share, Emerging Trends, Regional Analysis, Segments, Prime Players, Drivers, Growth Factor and Foreseen | With Covid 19 Analysis

    Global Biaxially Oriented Polyamide (nylon) Film (BOPA) Market Analysis 2021-2026 With Top Countries Data: Industry Overview by Size, Share, Future Growth, Development, Revenue, Top Key Players Analysis and Growth Factors | With Covid 19 Analysis

    Food Grade Glycerin Market Growth Survey 2021 with Top Countries Data Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry | With Covid 19 Analysis

    Food Grade Glycerin Market Growth Survey 2021 with Top Countries Data Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry | With Covid 19 Analysis

    Food Grade Glycerin Market Growth Survey 2021 with Top Countries Data Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry | With Covid 19 Analysis

    Food Grade Glycerin Market Growth Survey 2021 with Top Countries Data Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry | With Covid 19 Analysis

    Food Grade Glycerin Market Growth Survey 2021 with Top Countries Data Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry | With Covid 19 Analysis

    Food Grade Glycerin Market Growth Survey 2021 with Top Countries Data Industry Overview, Key Players Analysis, Emerging Opportunities, Comprehensive Research Study, Competitive Landscape and Potential of Industry | With Covid 19 Analysis

    Global Vaccine Adjuvants Market 2021-2025 Covid 19 Impact on Top Countries Data to Showing Impressive Growth by Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

    Global Vaccine Adjuvants Market 2021-2025 Covid 19 Impact on Top Countries Data to Showing Impressive Growth by Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research

  • Previous post Agarose Gel Electrophoresis System Sales Market Trends By 2021 | How The Industry Will Witness Substantial Growth In The Upcoming Years | Exclusive Report By Market Growth Reports
    Next post Home Automation Market Analysis with Impact of COVID-19, Top Companies, Trends, Size, Growth, Share, Demand, Future Opportunity Outlook 2026