Energy Management Systems Market 2021 Growth and Influencing Factors from Key players - IBM Corporation, Rockwell Automation, General Electric Co., Schneider Electric SE

The Global Energy Management Systems Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Energy Management Systems Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Energy Management Systems market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Energy Management Systems industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

The global energy management system market was valued at USD 8.2 billion in 2020 and expected to reach USD 19.91 billion by 2026 and grow at a CAGR of 16.2% over the forecast period (2021 - 2026).

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Top Companies in the Global Energy Management Systems Market: IBM Corporation, Rockwell Automation Inc., General Electric Co., Schneider Electric SE, Cisco Systems Inc., Tendril Networks Inc., Eaton Corporation, EnerNOC Inc., Elster Group GMBH, SAP SE, Siemens AG, Honeywell International Inc, and Others.

Industry News and Update:

- Feb 2020 - Castle Development and Schneider Electric Egypt signed a memorandum of understanding (MoU) to provide Castle Landmark compound with an energy management system, to manage the infrastructure of the project, rationalize energy consumption, and offer safe, efficient, and eco-friendly products, including solar panels, heating systems, water, and natural gas networks, internet, traffic control systems, and electric vehicle charging stations.
- Jan 2020 - The Enel Group, through its advanced energy services business line, Enel X, and European investment fund Infracapital, one of Europe’s prominent Infrastructure investors, signed an agreement to expand the Cogenio distributed generation and energy efficiency joint venture, through a new company operating throughout Spain.

Key Market Trend:

HEMS (Home EMS) to Experience Significant Growth

- With the rapid improvements in technologies, like network communication, smart grid, bidirectional communication medium's, information infrastructures, energy conservation methodologies, and various techniques, home area networks (HANs) encountered a revolutionary change about multiple areas of power consumption domains, like energy conservation at consumption premises and electricity usage patterns.
- Due to the increasing concern about the efficient use of energy, there is an expanding focus on installing energy-saving devices in households across the world. Energy management systems are cost-effective in primarily all residential buildings, regardless of national energy prices, usage, and climatic factors. Thus they are increasingly being adopted in homes.
- According to the US Energy Information Administration (EIA), the overall domestic consumption is expected to grow at 0.3% annually through 2040, which is less than half the rate of population growth. The agency expects the use of residential energy to be flat, while transportation energy consumption will decline slightly.?
- In the recent times, there is a significant surge in the development of connected, intelligent devices, such as smart meters, smart sensors, and smart thermostats, that are equipped in smart homes. These devices are experiencing advancements with the rise in the development of power monitoring and display technologies.
- Further, the average net energy savings per system installation is about 36% for space heating, water heating, and cooling/ventilation, and it is 23% for lighting. This is further driving the growth of the market due to the government's support and promotion for further uptake of smart devices.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Energy Management Systems Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Energy Management Systems market:

–   Who are the key players operating in the Energy Management Systems market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2026)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Energy Management Systems market in the next five years? 

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