Press release
Energy Management Systems Market 2020 - Indepth Industry Analysis and future market scenario Base on COVID-19 Impact | C3 Energy, Delta Electronics Inc., DEXMA, General Electric Company, GrindPoint Inc
The global energy management systems market was pegged at $29.19 billion in 2017 and is expected to hit $62.3 billion by 2023, registering a CAGR of 13.5% from 2017 to 2023.
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By end-user, the commercial segment contributed to more than 90% of the global market share in 2017, and is projected to retain its dominance during the study period. At the same time, the residential segment is projected to register the fastest CAGR of 16.5% from 2017 to 2023.
By offering, the services segment accounted for nearly two-thirds of the total market revenue in 2017, and is expected to rule the roost by 2023. This segment would also grow at the highest CAGR of 14.1% throughout the forecast period. The system segment is also discussed in the report.
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The frontrunners analyzed in the global energy management systems market report include Delta Electronics Inc., Yokogawa Electric Corporation, Siemens AG, DEXMA, C3 Energy, GrindPoint Inc., Honeywell International Inc., Johnson Controls International PLC, Schneider Electric S.E., and General Electric Company. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to substantiate their status in the industry.
By geography, North America generated the highest share in 2017, pegging at more than one-third of the global market. At the same time, the region across Asia-Pacific would portray the fastest CAGR of 17.9% by 2023. The other regions assessed through the report include Europe and LAMEA.
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Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
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