APAC Energy Management System Market: Key Players, Regional Analysis and Trends

Asia-Pacific Energy Management System Market Report, published by Allied Market Research, forecasts that the market is expected to garner $11.8 Billion by 2020, registering a CAGR of 19.5% during the period 2015-2020.

Energy management systems consist of automated controls designed to monitor and optimize an organization's energy needs. This technology allows organizations to seamlessly integrate energy management solutions into their regular industrial automation processes while ensuring compliance with environmental regulations.

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Growing industrialization and advancements in technologies majorly supplement the growth of the energy management systems market in the Asia Pacific region. Korea was the highest revenue-generating country in 2014, followed by Japan and China. Energy management systems for residential end users would exhibit a high growth rate during the forecast period owing to an increase in the per capita disposable income, growing awareness, and stringent environmental regulation policies.

Among the three different types of energy management systems, IEMS generated the highest revenue in 2014 and would continue to dominate the market in the coming years. Growing industrialization and the need to optimize energy consumption are the key factors contributing to the market growth. However, the market of Building Energy Management Systems (BEMS) would witness higher growth, supplemented by increasing demands in the verticals of healthcare, IT & Telecom along with the sectors of infrastructure and construction.

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The Asia Pacific Energy management systems market is segmented into component, type, end user, vertical and country.In the component segment, software accounts for the highest revenue contributing about 36% of the market revenue in 2014. The software segment would dominate the market in the forecast period 2015-2020, owing to its high price and rapid technological changes. However, the controller segment would exhibit a higher CAGR of 23% in the forecast period 2015-2020.

Among end users, the commercial sector would generate the highest revenue over the forecast period. The sector includes verticals such as retail & offices, manufacturing units, power & energy, telecom & IT, hospitals, educational institutions and others where only BEMS & IEMS is applied.

The sectors such as manufacturing, power & energy, telecom & IT, retail & offices among others flourish in Asia Pacific region owing to the developing economies, growing industrialization and favorable government regulations & initiatives. Therefore, adoption of Energy management system becomes crucial in most sectors owing to the increasing energy requirements, rising energy prices and the need to control and reduce carbon emissions whilst magnifying their efficiency. Power & energy sector accounted for the largest share, contributing about 40% of the overall EMS Asia Pacific market in 2014. However, retail & office sector is expected to witness the highest CAGR 23.3% during the forecast period 2015-2020.

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This report also outlines the competitive environment of the Asia Pacific EMS market, providing a comprehensive study of the key strategies adopted by market leaders. The prominent companies profiled in the report include, Azbil Corp., Schneider Electric, Siemens AG, Honeywell International, Inc., Johnson controls, Inc., among others.

KEY BENEFITS OF APAC ENERGY MANAGEMENT SYSTEM MARKET:

• 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.

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