India Energy Management Systems Market Insights into Competitive Landscape and Future Prospects - 2023

According to a new report published by Allied Market Research, 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 in the need for energy efficiency, energy price volatility, and policy and regulatory mandates primarily drive the growth of energy management systems. However, low of awareness among 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.

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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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By components, the India energy management systems market is classified into sensor, controller, software, and others. The end-user industry is divided into residential and commercial segment. Depending on the market vertical, the India EMS market is divided into power & energy, telecom & IT, manufacturing, enterprise, healthcare, and others.

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Key Benefits:

• The report provides an extensive analysis of the current and emerging trends and dynamics in the India energy management systems market.

• In-depth analysis is conducted by constructing market estimations for the key market segments between 2016 and 2023.

• Extensive analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.

• Key market players are profiled and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the market.

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Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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