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India Energy Management Systems Market Growing at a CAGR of 19.1% With Top Players DELTA ELECTRONICS, INC., DEXMA Energy Management, Elconn Energy (India) Pvt. Ltd

04-19-2021 04:32 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Energy management systems allow organization to collect information on the energy use through monitoring, assessing, and visualizing energy consumption. Growth in need of energy efficiency, energy price volatility, and policy and regulatory mandates primarily drive the growth of energy management system. However, low of awareness among the small and medium enterprise owners and lack of stringent energy consumption policies in the country hinders the growth of the market. Subsequently, providing opportunities such as consulting, training, and implementation services for the market players.

The India energy management systems market accounted for $6,35.0 million in 2016, and is expected to reach $2,145.1 million by 2023, growing at a CAGR of 19.1% from 2016 to 2023. In 2016, industrial EMS sector dominated the Indian market, in terms of revenue, accounting for about 62.5% share of the Indian market.

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Growth Factor:

Smart Cities Mission in India is expected to be game changer for EMS market in India . Through public and private partnership, the government of India is set to develop 100 cities under its Smart Cities Mission by 2020. One of the goals of this mission is to integrate smart solutions for efficient energy management in infrastructure as well as energy management in all selected smart cities. Thus, providing substantial business opportunities for energy efficient solutions, green buildings, and effective energy management of the infrastructure and utilities.

Leading Players:

The major players, such as Atandra Energy Private Limited, Computer Maintenance and Services Company, DELTA ELECTRONICS, INC., DEXMA Energy Management, Elconn Energy (India) Pvt. Ltd., Energy Management Solution of India (EMIS), Graphite Technologies Pvt. Ltd., Johnson Control Inc., Schneider Electric, Honeywell International Inc, Neptune India, Nikom InfraSolutions Pvt. Ltd., and Yokogawa India Ltd., have adopted various development strategies such as merger, acquisition, and product launch to expand their market foothold.

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India Energy Management Systems Market Key Segments:

By Offering -
System
Service

By Component -
Sensor
Controller
Software
Others

By Type -
Home Energy Management System
Building Energy Management System
Industrial Energy Management Systems

Key Findings of the India Energy Management Market:

In 2016, the power & energy segment dominated the India energy management systems market, in terms of revenue, and is projected to grow at a CAGR of 17.6% during the forecast period.

The industrial EMS segment is anticipated to grow at a CAGR of 16.9% during the forecast period.

The increasing emphasis on achieving operational efficiencies by reducing the energy consumption costs is projected to drive the growth of commercial end-user segment with a CAGR of 18.8% from 2017 to 2023.

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About US:

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

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