Global Energy Management System Market share to reach $38bn by 2024 - PowerPoint PPT Presentation

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Global Energy Management System Market share to reach $38bn by 2024

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More Information @ 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. – PowerPoint PPT presentation

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Title: Global Energy Management System Market share to reach $38bn by 2024


1
Global EMS Market to grow at 13 CAGR from 2016
to 2024 Fractovia.org
2
Key Insights of Energy Management System Market
  • Climatic changes worldwide are acting as a major
    growth accelerant for the global energy
    management system(EMS) market. To curb the
    catastrophic environmental impacts, a noticeable
    twin strategy is being pursued worldwide, relying
    more on renewable energy sources and using energy
    more efficiently. Government backed favorable
    acts implemented across emerging lands to
    encourage energy conservation is further
    propelling the industry demand. For instance,
    European union has introduced EPBD 2002/91/EC
    (Energy Performance of Buildings) directive that
    mainly focuses on enhancing energy efficiency of
    buildings.
  • The implementation of these energy management
    systems, have resulted in a significant reduction
    in greenhouse gas emissions and energy cost,
    thereby leading to a strategic use of dwindling
    energy resources. The three most prominent energy
    consumption sectors that drive energy management
    system market include industrial, residential,
    and construction sector. Driven by the surge in
    energy consumption in the domestic sector, HEMS
    (home energy management system) market is
    anticipated to grow lucratively in the coming
    time frame at a tremendous CAGR of 16 over
    2016-2024. In 2015, U.S. government introduced
    the REEVA Act (REEVA), with a prime objective to
    limit energy depletion in the residential sector
    to optimize energy utilization.

3
Continued
  • Energy management system industry from buildings
    accounted for one-fourth of the revenue share in
    2015 and is set to be one of the promising area
    thriving the application landscape in the years
    ahead. Increasing adoption of IoT for monitoring
    the energy consumption as well as introduction of
    smart meters to optimize the real-time data, will
    leave a positive impact on the market outlook.
  • Geographically, China and Japan are the two major
    revenue pockets of APAC energy management system
    market. China market is expected to surpass USD 2
    billion by 2024. Growing consumer claim for
    reliable power supply along with rapid
    industrialization across these regions will be
    driving forces behind the regional growth of the
    industry. Japan EMS market having held 20 of the
    regional market, will also hold a considerable
    share over the coming seven years. U.S. energy
    management system industry will grow
    substantially at an annual growth rate of 11,
    owing to the increasing number of government
    measures in U.S. for energy conservation and
    efficiency.
  • Improving the energy performance will prove to be
    pivotal for security of electricity,
    competitiveness, and for addressing the
    environmental challenges that the world is
    continuously facing today. Some of the prominent
    industry players in energy management system
    market include ABB, Schneider Electric, CA
    Technology, Eaton Corporation, and Honeywell
    International.

4
Europe Energy Management System Market size, by
component, 2013 - 2024 (USD Billion)

5

Browse Full Market Research Report Of Energy
Management System Market _at_ http//bit.ly/2p21PjZ
Request for a Sample of this Research report _at_
https//www.fractovia.org/request-sample/357
6
Table of Contents
Chapter 1    Methodology Scope 1.1    Research
Methodology 1.1.1    Initial data
exploration 1.1.2    Statistical model and
forecast 1.1.3    Industry insights and
validation 1.1.4    Research scope and
assumptions 1.2    List of Data Sources 1.2.1.   
Primary 1.2.2.    Secondary Chapter 2   
Executive Summary 2.1    Energy management system
industry 3600 synopsis, 2013 - 2024 2.1.1   
Current business environment 2.1.2    Service
trends 2.1.3    Component trends 2.1.4   
Regional trends
7
Continued
Chapter 3    Energy management system Industry
Insights 3.1    Industry segmentation 3.2   
Industry size, forecast and growth prospects and
growth prospects, 2013 2024 3.3    Energy
management system industry ecosystem
analysis 3.3.1    Vendor matrix 3.4    Innovation
sustainability 3.5    Regulatory
framework 3.5.1    U.S. 3.5.2    Europe 3.5.3   
China 3.5.4    Brazil
8
Continued
3.6    Energy management system industry
dynamics 3.6.1    Growth drivers 3.6.1.1  
Stringent government norms 3.6.1.2   Increasing
infrastructure spending 3.6.1.3   Growing
Electricity demand 3.6.2    Industry pitfalls
challenges 3.6.2.1   High initial
investment 3.7    Key growth opportunities 3.8   
Porters analysis 3.9    Competitive landscape,
2015 3.9.1    Strategy dashboard 3.10  PESTEL
analysis
9
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