Press release
Energy Portfolio Management Market is up to around 11,569 Million by 2032
Energy Portfolio Management Market
Energy Portfolio Management enables a complete offering related to the advisory, software applications, and information, which assists in energy market associated vendors to measure infrastructure investments, for instance, transmission lines and new power stations and also provide important data, which is relevant running energy systems operations.
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Energy Portfolio Management Market: Drivers and Restraints
Owing to increasing awareness about energy management, coupled with the company are focussing on gaining carbon credits, which is together anticipated to drive the demand for Energy Portfolio Management solution. Further owing to strict government regulation on limiting the wastage of energy and to promote efficient energy management is the drivers piloting the growth of the market, during the forecast period.
The need for reduce the excessive consumption of energy, energy management and monitoring are the two major factor, which are into consideration by government, with increasing demand for energy monitoring system at industrial and residential sector are crucial factors driving the growth of noise monitoring device market. However, the lack enforcement of proper law implementation in emerging economies are the major factor restraining the growth of the energy portfolio management market.
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Competitive Landscape
What are the Leading Players in the Energy Portfolio Management Market Up to?
In January 2022, Power management company Eaton Corporation PLC announced it has completed the acquisition of Royal Power Solutions, a U.S.-based manufacturer of high-precision electrical connectivity components used in an electric vehicle, energy management, industrial, and mobility markets. Under the terms of the agreement, Eaton paid $600 million for Royal Power Solutions, which represents approximately 13.6 times the company's estimated 2022 EBITDA.
In November 2021, ABB Power Products & Systems India announced its rebranding as Hitachi Energy India Ltd. to accelerate the clean energy transition in India. Hitachi Energy, which has focused its purpose on 'advancing a sustainable energy future for all, views India among its top five markets for expansion.
In June 2022, Siemens further expanded its portfolio in the field of innovative predictive maintenance and asset intelligence with the acquisition of Senseye. The global industrial analytics software company is headquartered in Southampton, UK.
Key Companies Profiled
Eaton Corporation PLC
ABB Ltd.
Siemens AG
Schneider Electric
International Business Machines Corporation
C.A Technologies
SAP SE
Emerson Electric Co.
Honeywell International Inc.
Watchwire
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Key Segments Covered In The Energy Portfolio Management Industry Analysis
Energy Portfolio Management Market by End User:
Residential
Industrial
Commercial
Energy Portfolio Management Market by Deployment:
Cloud
On-premises
Energy Portfolio Management Market by Region:
North America Energy Portfolio Management Market
Latin America Energy Portfolio Management Market
Europe Energy Portfolio Management Market
Asia Pacific Energy Portfolio Management Market
The Middle East & Africa Energy Portfolio Management Market
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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