Zion Research has
published a new report titled “Energy Management System (EMS) by Software
(Utility, Industrial, Residential, Enterprises Energy Management) Market -
Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 –
2021”According to the report, the global energy management system (EMS) market accounted
for USD 31,294.6 million in 2015 and is expected to reach USD 63,161.4 million
by 2021, growing at a CAGR of around 12.4% between 2016 and 2021.
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a copy of free Sample Report @ http://goo.gl/8tKD1G
Energy efficiency
means to consume less energy with an increased output. Energy management system
is gradually being recognized as one of the most significant and cost-effective
solutions for reducing greenhouse gas emissions. Greenhouse gases produced as
part of industrial processes, including in the utility, enterprises and
residential sector. In fact, energy management system has the technically
capable to reduce industrial energy use by approximately 18%. The importance
energy management system made it clear that today’s industry is responsible for
approximately 22% of global CO2 emissions. In global arena, energy management
system creates active role in reducing the energy consumption in industrial,
enterprises and residential sector.
Globally, markets of
energy management system are driven by increasing awareness in industrial
sectors for the efficient utilization of energy consumption. Moreover,
increasing alertness about carbon emission management serves as a major factor
which may fuel the growth of energy management system market within a forecast
periods. In addition stringent government policies and guidelines or government
intervention over misuse of energy consumption can accelerate the growth of
energy management system market. However, lack of financial resources in new
entrant enterprises serve as a major restraining factor which hindered the
growth of energy management system market. In addition, high operational costs
in initial stage coupled with late return on investment are most likely to slow
down the growth of energy management system market.
Based on software,
energy management system market is segmented into five types: utility energy
management software, industrial energy management software, enterprise energy
management software, residential energy management and others. Energy
management system market is dominated by the industrial energy management
software market due to wide extension of industrial hub across the world.
Moreover, energy use in industries is much more related to operational
practices than in the commercial and residential sectors. The energy-using
systems in industries are designed to support the production practices which
may are relatively energy efficient under an initial production scenario. In
2015, industry management software account for over 55% of global energy management
system market share.
Based on geography,
energy management system market segmented into five regions: North America,
Europe, Asia Pacific, Latin America and Middle East and Africa. North America
was the largest market share in 2015. North America held approximately above
40% of market share in 2015 in terms of revenue. In addition, growing tendency
towards efficient utilization of energy in Asia Pacific region coupled with
rise in industrialization are likely to expect the growth of energy management
system market in coming years.
Key market player of
energy management system market are Asea Brown Boveri (ABB) Ltd, Cisco Systems,
Inc., General Electric Company, Honeywell International, Inc., International
Business Machine Corporation, Schneider Electric SE, Siemens AG, Emerson
Process Management, CA Technologies and Eaton Corporation PLC.
Browse detail report with in-depth TOC @
http://www.marketresearchstore.com/report/energy-management-system-market-z72192
This report segments
the global energy management system market as follows:
Global Energy
Management System (EMS) Market: Software Analysis
·
Utility EMS Software
·
Industrial EMS Software
·
Enterprise Energy Management Software
·
Residential EMS
·
Others.
Global Energy
Management System (EMS) Market: Regional Segment Analysis
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Purchase a direct copy of report with TOC @ http://www.marketresearchstore.com/checkout?reportid=72192&reporttype=0&q=r
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