Energy Management System Market Trends 2020 - Regional Analysis & Growth Forecast to 2024
Category: #energy-and-environment  By Ronak Bora  Date: 2020-01-15
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Energy Management System Market Trends 2020 - Regional Analysis & Growth Forecast to 2024

The APAC energy management system market would also be recording momentous growth in forthcoming timeframe. According to The Climate Group, China would emerge as a leading growth facilitator in this regard.

The China Energy Conservation and Environmental Protection Group (CECEP) would be paving the way for the market expansion. The groups aim of triggering a shift towards an environmentally friendly and energy conserving society would create a solid foundation for energy management system vendors to promote system adoption.

Estimates claim that China EMS market, by 2024, will be worth over USD 2 billion, driven by the robustly surging demand for reliable power in the region.

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Energy management system (EMS) market is set to experience thriving growth in the forthcoming years impelled by environmental and financial benefits of EMS. Apart from the aforementioned benefits, strict government regulations pertaining to energy consumption and efficiency would be another favorable factor that would propel energy management system market expansion over the forecast period.

The growth opportunity provided by the market is so significant that Silicon Valley tech giants like Google and Amazon have started foraying into the energy sector. Big techs entering old industries isn’t unheard of; foray into an old industry on the back of technological capabilities, introduce significant efficiencies, and dominate the landscape.

However, this time around, the primary goal of these tech giants would not be that of domination. Instead, tech companies are expected to help support the overall electrical grid infrastructure and teach industries how to use energy efficiently. Through this trend, the global energy management system market is projected to record substantial gains over the forecast period.

Moving forward, energy management system vendors like Schneider Electric and Siemens are expected to boost their energy management initiatives. This trend is heralding that many more corporations would be making their way to the energy management industry. The resulting conditions are slated to be significantly beneficial for the global EMS industry outlook.

When considering market segmentation by service, the industrial energy management system (IEMS) based EMS market is expected to surge substantially in the coming years. The industrial sector is responsible for consuming the most delivered energy than any other sector.

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Currently, the industrial sector consumes approximately 54% of total delivered energy generated throughout the world. According to the U.S. Energy Information Administration (EIA), the global industrial sector energy consumption is slated to go up by an average 1.2% per year.

This growing energy demand, when coupled with strict government regulations pertaining to carbon emissions, would be further widening revenue streams for the global energy management system market through IEMS during the forecast timeframe.

Some Points From Table Of Content: -

Chapter 5    Energy Management System Market, By Component

5.1    Energy management system industry share by component, 2017 & 2024

5.2    Metering & field equipment

5.2.1    Global market from metering & field equipment, 2013 – 2024

5.2.2    Global market from metering & field equipment, by region, 2013 - 2024

5.3    Hardware

5.3.1    Global market from hardware, 2013 – 2024

5.3.2    Global market from hardware, by region, 2013 - 2024

5.4    Software

5.5    Networking device

5.6    Control systems

5.7    Sensors

5.8    Others

Chapter 6    Energy Management System Market, By End-Use

6.1    Energy management system market share by end-use, 2017 & 2024

6.2    Power and energy

6.2.1    Global market from power and energy, 2013 – 2024

6.2.2    Global market from power and energy, by region, 2013 - 2024

6.3    IT

6.3.1    Global market from IT, 2013 – 2024

6.3.2    Global market from IT, by region, 2013 - 2024

6.4    Manufacturing

6.4.1    Global market from manufacturing, 2013 – 2024

6.5    Enterprise

6.6    Healthcare

6.7    Others

Browse Complete Table of Content @ http://decresearch.com/toc/detail/energy-management-system-EMS-market

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About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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