Press release
Energy Management Systems Market Size, Industry Analysis Report By Component (Software, Hardware, Services), By Type (Home Energy Management Systems, Building Energy Management Systems, Industrial Energy Management Systems), By Deployment ( On-Premise, Cl
Energy Management Systems Market
The increasing need for sustainable energy sources, rigorous emission rules around the world, and increased R&D activity in the industry are the key drivers assisting the market's rise. Furthermore, the growing use of smart metres and smart grids in commercial and residential complexes is creating lucrative opportunities for the industry vertical to thrive. Furthermore, favourable government policies encouraging the use of renewable energy sources are accelerating market growth.
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Because to growing urbanisation and industry, the world is experiencing a wave of global warming and climate change. Humans use natural resources to meet a variety of requirements. The increasing demand for uninterrupted power supply in numerous countries has resulted in the depletion of fossil fuels. As a result, several countries have banded together to promote the use of renewable energy sources as a means of combating climate change and other environmental problems. This, in turn, is accelerating the growth of this industry.
Regional Analysis:
The primary regions constituting the geographical ambit of this business sphere are North America, Middle East & Africa, Europe, Asia Pacific, and Latin America. Among these, North America is projected to capture a substantial revenue share. This is attributable to the rising demand for sustainable power sources, increasing R&D investments in the field, and present of stringent emission regulations in the region.
Competitive Analysis
The prominent players characterizing the competitive terrain of this industry are ABB (Switzerland), Cisco Systems, Inc. (US), General Electric (US), Schneider Electric (France), Honeywell International Inc. (US), Eaton (Ireland), Emerson Electric Co. (US), Energy Management Systems, Inc. (US), Mitsubishi Electric Corporation (Japan), IBM (US), Rockwell Automation, Inc. (US), Siemens (Germany), Hitachi (Japan), Yokogawa Electric Corporation (Japan), C3 AI (US), Delta Electronics, Inc. (Taiwan), Enel X (Italy), Neptune India (India), Weidmuller (Germany), SWITCH Energy Inc. (Canada), Sensorberg (Germany), Distech Controls (Canada), Budderfly (US), GridPoint (US), and geo (Green Energy Options) (UK).
Market Segmentation:
The global energy management systems market can be segmented based on various factors such as the type of system, end-use industry, component, and geography. Here are some of the commonly used segmentation criteria:
By type of system:
Industrial energy management systems
Building energy management systems
Home energy management systems
By end-use industry:
Commercial and institutional buildings
Manufacturing
Healthcare
Retail
Energy and utilities
Others
By component:
Software
Hardware
Services
By geography:
North America
Europe
Asia Pacific
Middle East & Africa
Latin America
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Key Player:
ABB (Switzerland), Cisco Systems, Inc. (US), General Electric (US), Schneider Electric (France), Honeywell International Inc. (US), Eaton (Ireland), Emerson Electric Co. (US), Energy Management Systems, Inc. (US), Mitsubishi Electric Corporation (Japan), IBM (US), Rockwell Automation, Inc. (US), Siemens (Germany), Hitachi (Japan), Yokogawa Electric Corporation (Japan), C3 AI (US), Delta Electronics, Inc. (Taiwan), Enel X (Italy), Neptune India (India), Weidmuller (Germany), SWITCH Energy Inc. (Canada), Sensorberg (Germany), Distech Controls (Canada), Budderfly (US), GridPoint (US), and geo (Green Energy Options) (UK).
FAQs:
Q. What is the growth rate projection for Global Energy Management Systems Market?
A. The global energy management systems market was worth USD 45.11 billion in 2021 and is projected to amplify at a CAGR of 14.55% over 2022-2030, thereby amassing USD 153.62 billion by end of the assessment timeline.
Q. What are the growth determinants of Global Energy Management Systems Market?
A. The escalating demand for sustainable energy sources, stringent emission regulations across the globe, and rising R&D activities in the field are the primary factors aiding the expansion of this marketplace.
Key Points:
Define, describe and forecast Potentiometers product market by type, application, end user and region.
Provide enterprise external environment analysis and PEST analysis.
Provide strategies for company to deal with the impact of COVID-19.
Provide market dynamic analysis, including market driving factors, market development constraints.
Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
Reasons to Purchase this Report:
Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
Provision of market value (USD Billion) data for each segment and sub-segment
Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
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About We Market Research:
WE MARKET RESEARCH is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. WE MARKET RESEARCH is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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