Asia-Pacific Energy Management System Market Future Looks Bright for Big Revenues as Market Size Expands | Honeywell International Inc., General Electric Company

New research study titled "Asia-Pacific Energy Management System Market " for the year 2023, encompassing various aspects such as industry size, market share, growth analysis, segmentation, leading manufacturers and innovations, key trends, market drivers, restraints, regulatory framework, distribution methods, opportunities, strategies, potential roadmap, and annual forecasts until 2031. The primary objective of this market research study is to thoroughly examine the industry, enabling businesses to gain comprehensive insights into the sector and its economic potential.

Asia-Pacific Energy Management System Market is expected to garner $11.8 billion by 2020, registering a CAGR of 19.5% during the forecast period 2015-2020. Energy Management systems comprise a set of automated controls that help in monitoring and optimizing the energy requirements of an organisation. The technology enables an organisation to integrate energy management solutions in enhancing their routine industrial automation whilst effectively functioning in compliance with environmental regulations.

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The Energy Management System (EMS) systematically captures the energy consumption data and serves as a monitoring system to strategically improve the energy efficiency across industries, personal spaces and buildings.

According to data from the U.S. Bureau of Economic Analysis and the U.S. Census Bureau, the goods and services deficit increased by $1.9 billion from $68.7 billion in January 2023 to $70.5 billion in February. The increase in the goods and services deficit in February was due to a $2.7 billion increase in the goods deficit to $93.0 billion and a $0.8 billion increase in the services surplus to $22.4 billion. Compared to the same period in 2022, the goods and services deficit has dropped this year by $35.5 billion, or 20.3%. $49.5 billion or 10.8% more was exported. 2.2% or $14.0 billion more was spent on imports.

KEY PLAYERS, Azbil Corporation, Daikin Industries, Schneider Electricals, Siemens AG, Johnsons Control Inc., Honeywell International Inc., General Electric Company, C3 Energy

EMS has witnessed a considerable growth primarily due to increasing energy requirements, supportive government initiatives and stringent environmental regulations. However, low awareness about energy management systems in Asia Pacific & longer payback period pose as a major challenge to this market. In the Asia-Pacific region, Korea has a major share compared to the other developing countries owing growing industrialization and increasing energy requirements in the country. This is followed by Japan, where an increased adoption of BEMS & HEMS is observed. Presently, IEMS accounts for the highest revenue generating segment in the APAC EMS market followed by BEMS and HEMS.

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EMS is adopted in various sectors such as Telecom & IT, Healthcare, manufacturing sector, power & energy among others to optimize utilization of energy and enhance their productivity. Power & energy sector majorly contributes to the Energy Management system Asia Pacific market. It generated about 40% of the market revenue in 2014 and is expected to dominate the market followed by the manufacturing sector.

The energy management systems market is segmented on the basis of component, type, vertical, end user and country. The component segment comprises of software, sensors, controllers and others. Based on type, energy management systems are classified as Building Energy Management Systems (BEMS), Industrial Energy Management Systems (IEMS) and Home Energy Management Systems (HEMS). The market is further bifurcated in terms of end user as commercial & residential. Based on vertical, the market is segmented into telecom & IT, retail & offices, healthcare, power & energy, manufacturing and others. Based on geography, the EMS market covers China, Japan, India, Korea, Singapore, Thailand, Australia.

Key highlights of the report include

Market Size and Growth Analysis:

Detailed examination of the market size and growth trajectory during the forecast period.
In-depth insights into the factors driving market expansion and the challenges restraining growth.

Accurate revenue projections and trends shaping the market landscape.
Strategic Analysis:

Identification of key drivers influencing market growth and strategic recommendations to leverage emerging opportunities.
Exploration of market trends and future prospects to aid in informed decision-making.
Strategies for market players to capitalize on growth areas and navigate challenges effectively.

Competitive Landscape Evaluation:

Comprehensive profiles of industry leaders, offering a thorough understanding of their market presence and influence.
Analysis of market share held by key companies and their impact on the overall market dynamics.
Assessment of the product portfolios of major players, highlighting key offerings and innovations.

Recent Developments and Innovations:

Coverage of the latest advancements and innovations within the industry.
Insightful examination of recent developments by key market players, including product launches, partnerships, and acquisitions.
Evaluation of the impact of these developments on the overall market landscape.

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Competitive Strategies:

Examination of the competitive strategies employed by leading companies to gain a competitive edge.
Analysis of successful tactics utilized in the market, providing valuable insights for other players.
Benchmarking of competitive strategies to help businesses formulate effective plans for sustainable growth.

KEY BENEFITS:

The report provides an in depth analysis of the energy management system Asia-Pacific market with current and future trends to elucidate the imminent investment pockets
This report highlights the key drivers, opportunities and restraints in the market and provides an impact analysis of key factors for the forecast period
Current and future trends are outlined to determine the overall attractiveness and single out profitable trends to gain a stronger foothold in the market
Market estimation for type, solutions, applications, industries and country segment is derived from the current market scenario and expected market trends
The Porters five forces analysis highlights the potency of buyers and the suppliers participating in this market. This would further lend a competitive edge to the stakeholders and help in better decision making

APAC ENERGY MANAGEMENT SYSTEM MARKET KEY SEGMENTATION

The market is segmented on the basis of component, type, end user, vertical and country.

Asia-Pacific Energy Management System Market - By Component

Software
Sensors
Controllers
Others

Asia-Pacific Energy Management System Market - By Type

BEMS
IEMS
HEMS

Asia-Pacific Energy Management System Market - By End User

Commercial
Residential

Asia-Pacific Energy Management System Market - By Vertical

Telecom & IT
Healthcare
Power & Energy
Manufacturing
Retail & Offices
Others

Asia-Pacific Energy Management System Market - By Country

China
Japan
India
Korea
Singapore
Australia
Thailand
Rest of Asia

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Competitive Analysis:
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Market Opportunities:
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Investment Evaluation:
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