Research report explores the Asia-Pacific Energy Management System Market tremendous growth ($11.8 billion) in near future during 2020

Asia-Pacific Energy Management System Market is expected to garner $11.8 billion by 2020, registering a CAGR of 19.5% during the forecast period 2015-2020. Energy Management systems comprise a set of automated controls that help in monitoring and optimizing the energy requirements of an organisation. The technology enables an organisation to integrate energy management solutions in enhancing their routine industrial automation whilst effectively functioning in compliance with environmental regulations.

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The Energy Management System (EMS) systematically captures the energy consumption data and serves as a monitoring system to strategically improve the energy efficiency across industries, personal spaces and buildings. EMS has witnessed a considerable growth primarily due to increasing energy requirements, supportive government initiatives and stringent environmental regulations. However, low awareness about energy management systems in Asia Pacific & longer payback period pose as a major challenge to this market.

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In the Asia-Pacific region, Korea has a major share compared to the other developing countries owing growing industrialization and increasing energy requirements in the country. This is followed by Japan, where an increased adoption of BEMS & HEMS is observed. Presently, IEMS accounts for the highest revenue generating segment in the APAC EMS market followed by BEMS and HEMS. EMS is adopted in various sectors such as Telecom & IT, Healthcare, manufacturing sector, power & energy among others to optimize utilization of energy and enhance their productivity. Power & energy sector majorly contributes to the Energy Management system Asia Pacific market. It generated about 40% of the market revenue in 2014 and is expected to dominate the market followed by the manufacturing sector.

The Asia Pacific Energy management systems market is segmented into component, type, end user, vertical and country.In the component segment, software accounts for the highest revenue contributing about 36% of the market revenue in 2014. The software segment would dominate the market in the forecast period 2015-2020, owing to its high price and rapid technological changes. However, the controller segment would exhibit a higher CAGR of 23% in the forecast period 2015-2020.

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