openPR Logo
Press release

Energy Management Systems Market to Reach $62.3 Bn Globally - key Market Players are C3 Energy, DEXMA, Delta Electronics Inc., GrindPoint Inc., General Electric Company, Johnson Controls International PLC, Honeywell International Inc.

10-18-2018 09:44 AM CET | Energy & Environment

Press release from: Allied Market Research

Energy Management Systems Market to Reach $62.3 Bn Globally - key

Increasing focus on improving energy efficiency, volatility in energy prices, and supportive government policies & incentive programs would drive the growth of the global energy management systems market

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/626

Allied Market Research published a report, titled, Energy Management Systems Market by Offering (System, and Service), Component (Sensor, Controller, Software, and Others), Service (Monitoring & Control, Implementation & Integration, Maintenance, and Consulting & Training), Type (Home Energy Management System, Building Energy Management System, and Industrial Energy Management System), End User (Residential and Commercial), and Market Vertical (Power & Energy, Telecom & IT, Manufacturing, Enterprise, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2017-2023. The report offers detailed analyses of the market size & estimations, key player positioning, top impacting factors, drivers & opportunities, prominent strategic developments, and competitive landscape. According to the report, the global energy management systems market generated $29.19 billion in 2017 and is expected to reach $62.3 billion by 2023, growing at a CAGR of 13.5% from 2017 to 2023.

Increase in energy efficiency due to energy management systems, volatility in energy prices, and supportive government policies & incentive programs drive the growth of the industry. However, high initial investment and long ROI would hinder the market growth. On the other hand, growing need to reduce energy emissions and the presence of untapped markets create new opportunities for the market players.

Energy management services to be the largest market through 2023

The service segment contributed nearly two-thirds of the total market share in 2017. This segment will maintain its dominance by 2023, registering the highest CAGR of 14.1% from 2017 to 2023, owing to the growing need for a wide variety of services including software patches, data visualization via reports & graphs, consulting, and others. The report also analyzes the system segment.

Access Full Summary: https://www.alliedmarketresearch.com/energy-management-systems-market

The commercial segment to maintain its lion's share by 2023:

The commercial segment held more than 90% of the total market share in 2017, owing to growing need for improving energy efficiency, rapid urbanization, and stringent regulations for reducing greenhouse gas emissions. This segment would maintain its lion's share by 2023. However, the residential segment is expected to grow at the highest CAGR from 16.5% from 2017 to 2023, owing to increasing awareness on energy conservation.

Home EMS segment to grow the fastest by 2023:

The home EMS segment would grow at the fastest CAGR of 16.5% from 2017 to 2023, owing to increase in electricity bills, which led to adoption of energy conservation and energy optimization strategies among home owners. However, the industrial EMS segment contributed nearly half of the total market share in 2017, owing to the measures taken to reduce the overall costs and reduce greenhouse gas emissions. This segment would maintain its lead position by 2023. The report also discusses the building EMS segment.

Power & energy segment to remain dominant throughout forecast period

Power & energy segment contributed nearly one-third of the total market share in 2017, owing to the increase in need for power optimization and monitoring. This segment would remain dominant throughout the forecast period. The other verticals, which include education & residential sectors, would register the fastest CAGR of 16.7% from 2017 to 2023, owing to measures taken to reduce greenhouse gas emissions and rise in energy consumption. The report also analyzes the telecom & IT, enterprise, manufacturing, and healthcare sectors.

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

North America to generate highest revenue by 2023:

North America accounted for more than one-third of the total market share in 2017, owing to rapid technological developments, innovations, and favorable economic conditions. It will continue to dominate the market throughout the forecast period. However, Asia-Pacific region would grow at the fastest CAGR of 17.9% from 2017 to 2023, owing to supportive government policies, low cost of ownership, and less energy consumption.

Leading market players

The key market players analyzed in the research include C3 Energy, DEXMA, Delta Electronics Inc., GrindPoint Inc., General Electric Company, Johnson Controls International PLC, Honeywell International Inc., Siemens AG, Schneider Electric S.E., and Yokogawa Electric Corporation. They have adopted different strategies such as expansion, joint ventures, collaborations, partnerships, mergers & acquisitions, and others to gain a leadership position in the industry.

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:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
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 Systems Market to Reach $62.3 Bn Globally - key Market Players are C3 Energy, DEXMA, Delta Electronics Inc., GrindPoint Inc., General Electric Company, Johnson Controls International PLC, Honeywell International Inc. here

News-ID: 1312215 • Views:

More Releases from Allied Market Research

Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices. Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529 What Are Urinary Drainage Bags? Urinary drainage bags are specialized medical devices designed to collect
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031. The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Billion by 2030; Growing at a CAGR of 17.2%
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario. Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of 5.6%
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031. Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in

All 5 Releases


More Releases for Energy

Green Renewable Energy Market Next Big Thing: Enphase Energy, Bloom Energy, Clea …
Advance Market Analytics published a new research publication on "Green Renewable Energy Market Insights, to 2030" with 232 pages and enriched with self-explained Tables and charts in presentable format. In the Study you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market associated stakeholders. The growth of the Green Renewable Energy market was mainly driven by the increasing R&D spending across the world. Get inside Scoop of the
Business Energy Solution Market Size in 2023 To 2029 | SSE Energy Solutions, BES …
The large-scale Business Energy Solution market report provides valuable insights for clients looking to forecast investments in emerging markets, expand market share, or launch new products. The report presents multifaceted Business Energy Solution market insights that are simplified using established tools and techniques, making it a credible marketing report. Data is presented in a clear and easy-to-understand manner, with graphs and charts to aid comprehension. The report employs integrated approaches
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
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