openPR Logo
Press release

Energy Management System Market Expected to Reach 62.3 Billion USD by 2023 - Global Opportunity Analysis and Industry Forecast, 2017-2023

09-11-2018 04:29 PM CET | Energy & Environment

Press release from: Allied Market Research

Energy Management Systems Market - Allied Market Research

Energy Management Systems Market - Allied Market Research

The energy management systems market accounted for $25.9 billion in 2016, and is expected to reach $62.3 million by 2023, growing at a CAGR of 13.5% from 2016 to 2023. In 2016, North America dominated the global market, in terms of revenue, accounting for about 42.24% share of the global market, followed by Europe.

Request Sample Copy@ https://www.alliedmarketresearch.com/request-sample/626

Factors such as fast emerging economies and rapid urbanization to boost the demand for effective transmission and distribution of power through EMS solutions in the Asia-Pacific region. For instance, one of the objectives for India‐™s Smart Cities Mission is to implement smart energy management solutions for its power distribution and transmission infrastructure. Subsequently, provide substantial business opportunities in the country for the market players. In addition, the participation of leading foreign players for graduation the infrastructure of the region has also shifted the focus towards the Asia-Pacific regions. As a result, the Asia-Pacific region is anticipated to offer numerous business opportunities for the market players

The increasing adoption of energy management systems to reduce the cost of daily operation has a significant impact over market success and is expected to propel the growth in the forecast period. Moreover, the fluctuations in energy prices, as well as energy efficiency policies, is also fueling the demand for adoption energy management systems across market verticals. However, a long payback period of EMS solutions hinders the system's adoption among small and medium enterprise owners.

The low awareness of energy efficiency solutions among SME players has resulted in low market penetration for the EMS products and services. Thereby, providing numerous opportunities for consulting & training for the market players in India. As a result, the segment is expected to witness a strong CAGR growth of 15.6% from 2017 to 2023. However, the monitoring & control accounted for a market share of 39.1% in 2016 and is anticipated to maintain its dominant share in the coming years owing to the larger scope of application across manufacturing end-users.

For Purchase Inquiry@ https://www.alliedmarketresearch.com/purchase-enquiry/626

North America is anticipated to dominate the energy management systems market during the forecast period, owing to a developed economy and awareness of the energy management systems. However, Asia-Pacific is anticipated to exhibit growth at a CAGR of 17.9% during the forecast period (2017-2023).

Key Findings of the Energy Management Systems Market:

•In 2016, the power & energy segment dominated the global energy management systems market, in terms of revenue, and is projected to grow at a CAGR of 12.2% during the forecast period.

•The IEMS segment is anticipated to grow at a CAGR of 12.0% during the forecast period.

•The commercial segment is estimated to contribute the highest revenue during the forecast period. The increase in emphasis on achieving operational efficiencies by reducing the energy consumption costs drives the demand for EMS in the commercial segment.

Dominating Market Players Profiled in the Report

•C3 Energy
•Delta Electronics, Inc.
•DEXMA
•General Electric Company
•GridPoint Inc.
•Honeywell International Inc.
•Johnson Controls International PLC
•Schneider Electric S.E.
•Siemens AG
•Yokogawa Electric Corporation

Connect to Analyst@ https://www.alliedmarketresearch.com/purchase-enquiry/626

About Us:

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

Shriram Dighe
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Energy Management System Market Expected to Reach 62.3 Billion USD by 2023 - Global Opportunity Analysis and Industry Forecast, 2017-2023 here

News-ID: 1233867 • Views:

More Releases from Allied Market Research

Laundry Detergent Market to Booming Anticipated Grow at 4.8% CAGR Revenue to Cross $98,139.7 Million by 2030
Laundry Detergent Market to Booming Anticipated Grow at 4.8% CAGR Revenue to Cro …
According to a new report, "Laundry Detergent Market by Product Type (Powder, Liquid, Gel, and Pods/Tablets), Application (Industrial and Household), and Distribution Channel (Online and Offline): Global Opportunity Analysis and Industry Forecast 2021-2030". The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and changing market trends. The global laundry detergent market size was valued at $61,711.0
Database Monitoring Software Market Size Reach USD 20.5 Billion by 2031
Database Monitoring Software Market Size Reach USD 20.5 Billion by 2031
According to the report published by Allied Market Research, The Database Monitoring Software Market Size Reach USD 20.5 Billion by 2031. The report provides an extensive analysis of changing market dynamics, major segments, value chain, competitive scenario, and regional landscape. This research offers valuable able guidance to leading players, investors, shareholders, and startups in devising strategies for sustainable growth and gaining a competitive edge in the market. Rise in the
Analysis of Key Players in the Distribution System Market 2023-2032 | Travelport, Pegasus, SiteMinder, INFINI
Analysis of Key Players in the Distribution System Market 2023-2032 | Travelport …
According to a new report published by Allied Market Research, titled, "Distribution System Market," The distribution system market was valued at $7.5 billion in 2022, and is estimated to reach $15.4 billion by 2032, growing at a CAGR of 7.8% from 2023 to 2032. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/A09571 Reservation inventory is connected via a computer-based network called the Global Distribution System (GDS). In the tourism industry, GDS is widely employed particularly
Global IT Security as a Service Market Analysis: Trends, Opportunities, and Forecasts 2032
Global IT Security as a Service Market Analysis: Trends, Opportunities, and Fore …
A recent report released by Allied Market Research titled "Information Technology (IT) Security as a Service Market" revealed that the market for IT security as a service reached a value of $15.3 billion in 2022 and is projected to hit $49.7 billion by 2032, showing a steady growth rate of 12.8% from 2023 to 2032. Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/4380 IT Security as a Service involves the provision of cybersecurity solutions and

All 5 Releases


More Releases for Energy

Decentralized Energy Storage Market Is Booming Worldwide | Fuelcell Energy, Enph …
A new business intelligence report released by AMA with title "Decentralized Energy Storage Market" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy. The Global Decentralized Energy Storage Market Report offers energetic visions to conclude and study market size, market hopes, and competitive surroundings. The research is derived through primary and secondary statistics
Waste-To-Energy Technologies Market Top Growing Companies: Xcel Energy, Novo Ene …
Qurate Business Intelligence’s up-to-date research study on Waste-To-Energy Technologies was performed by highly qualified research professionals and industry experts. This is to provide an in-depth analysis on the Waste-To-Energy Technologies. The report is comprehensive and includes over 120 pages. The global energy market is witnessing a shift toward waste to energy technologies due to growing energy demands worldwide, the rapid depletion of conventional sources of energy, and concerns over
Waste To Energy Market ||Novo Energy Ltd., Hitachi Zosen, Foster Wheeler A.G., S …
Zion Market Research published a new 110+ pages industry research "Global Waste to Energy Market Set For Rapid Growth, To Reach Value Around USD 42.74 Billion By 2024" is exhaustively researched and analyzed in the report to help market players to improve their business tactics and ensure long-term success. The authors of the report have used easy-to-understand language and uncomplicated statistical images but provided thorough information and detailed data on
Energy As A Service Market by Top Manufacturers – WGL Energy Services, Engie, …
Global Energy as a service Market to reach USD 19,607.8 million by 2025. Global energy as a service market valued approximately USD 965.5 billion in 2017 is anticipated to grow with a healthy growth rate of 45.70 % over the forecast period 2018-2025. Growing potential of renewable energy is considered as a key trend for the Energy as a service market over the forecast period. As renewable energy is driving energy
In-Pipe Hydro Systems Market | key player - Lucid Energy, Rentricity, Tecnoturbi …
Looking at the current market trends as well as the promising demand status of the “In-Pipe Hydro Systems Market” it can be projected that the future years will bring out positive outcomes. This research report added by MRRSE on its online portal delivers clear insight about the changing tendencies across the global market. Readers can gather prime facets connected to the target market which includes product, end-use and application; assisting
Global In-pipe Hydro Systems Market to 2025| Lucid Energy, Rentricity, Tecnoturb …
Albany, NY, 30th January : Recent research and the current scenario as well as future market potential of "In-Pipe Hydro Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" globally. Global In-pipe Hydro Systems Market: Overview This report analyzes and forecasts the market for in-pipe hydro systems at the global and regional level. The market has been forecast based on market share (percentages) and revenue (US$