Energy Management System Market share to exceed $38bn by 2024

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Global Energy Management System (EMS) Market size
to reach 38bn by 2024 Global Market Insights
Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Energy Management System Market

• Introduction of strict building codes and
  standards by regional government to encourage
  energy conservation will positively influence the
  energy management system market size from 2016 to
  2024. In the U.S., standard 90.1 has been adopted
  to provides minimum requirements for energy
  efficient commercial building construction and
  design. Canada has adopted ISO 50001 to provide
  structured framework to organization towards
  energy efficiency. It also helps to reduce energy
  cost and other adverse environmental impacts.
• Geopolitical measures to reduce the reduce
  emissions, with growing demand for clean and
  reliable power will propel energy management
  system market share. EU has introduced Energy
  Performance of Buildings (EPBD 2002/91/EC)
  directive with the prime objective to promote
  cost effective improvement to enhance the overall
  building efficiency. Regional government is also
  planning to convert the existing and new
  buildings into zero energy from 2020. These
  measures to curb the carbon footprints is
  predicted to drive the energy management system
  market.

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Continued...

• Germany energy management system market share
  contributed over 25 of regional revenue share in
  2015. The government has introduced various
  programs including National Action Plan on Energy
  Efficiency, to encourage investment in energy
  efficient products building and innovative
  industrial processes. The authorities have also
  provided SMEs subsidy of up to 30 for improving
  manufacturing process efficiency by upgrading
  equipment and technologies. The country has
  target to reduce 20 of its energy consumption by
  2020.
• Energy management system market share from
  control systems contributed 5 of global revenue
  share in 2015. Implementation can lower energy
  consumption by up to 15, by providing you with
  the tools to make your lighting systems, HVAC,
  and plant equipment electricity use more
  efficient.

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Europe Energy Management System Market size, by
component, 2013 - 2024 (USD Billion)

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Continued...

• Global BEMS industry revenue share was more than
  25 for 2015. Building codes and standards for
  residential and commercial structures will
  stimulate business. U.S. energy management system
  market size for 2015 was valued over 4 billion.
  Rising adoption of internet of things, smart
  meters to optimize, control and monitor the
  energy consumption will positively impact the
  business landscape.
• For Middle East energy management system market
  size, Qatar accounted for over 5 of regional
  revenue share in 2015. Rapid industrialization
  coupled with growing population are some of
  factor responsible for business growth from 2016
  to 2024.
• Some of the key players in the energy management
  system market include Schneider Electric, Eaton
  Corporation, ABB, IBM, CA Technology, GENERAL
  ELECTRIC, Honeywell International, Siemens AG,
  Cisco Systems, Johnson Controls, and Emerson
  Electric Corporation.

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360 Analysis

• Service Trends
• Industrial energy management system market size
  was valued over USD 9 billion in 2015 and is
  predicted to witness a substantial growth by
  2024. It can be used to analyze and monitor real
  time consumption, load fluctuation and equipment
  performance. These systems help to attain
  efficiency, sustainability, cost savings, and
  emission targets while sustaining the optimal
  production processes.
• Component Trends
• Energy management system market size from
  metering and field equipment was valued over USD
  2 billion in 2015 and is expected to witness a
  substantial growth during the forecast period. It
  improves overall network efficiency by balancing
  the total supply with consumption. Smart meters
  not only calculate total electricity consumption
  but also analyze the consumption pattern and
  associated costs.
• Regional Trends
• U.S. energy management system market share is
  expected to witness substantial gains over 11
  subject to government measures towards energy
  conservation. Rising fuel prices with growing
  awareness among consumers to reduce the emissions
  will further boost the business.
• For Europe EMS market size, UK contributed over
  20 of regional revenue share in 2015. Aging
  infrastructure, a legacy of fossil fuel and
  rising fuel poverty are some of the factors which
  may positively encourage the industry growth.

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