According
to a new market report published by Credence Research, Inc., “Energy Management
Systems (EMS) (Industrial Energy Management Systems (IEMS), Building Energy
Management Systems (BEMS), Home Energy Management Systems (HEMS)) Market –
Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”,
the energy management systems
(EMS) market is
expected to expand at a CAGR of 14.2% from 2015 to 2022, reaching US$ 57.8 Bn
by 2022.
Product
and Market Insights
Energy
management systems (EMS) are electronic devices that allow consumers to
monitor, control, and manage their energy consumption optimally. The global
energy management systems (EMS) market for building and residential
applications is currently in the nascent stage of development. The industry has
been committed towards developing a universal platform capable of addressing
issues concerned with the interface, interoperability, and installation.
Browse
the full Energy Management Systems (EMS) Market @ http://www.credenceresearch.com/report/energy-management-systems-ems-market
Competitive Insights
The global energy management systems (EMS) market is competitive
and technology driven. Some of the leading players in the energy management
systems (EMS) market include Honeywell International, Inc. (the U.S.), General
Electric Company (the U.S.), Schneider Electric SE (France), Panasonic Corporation
(Japan), Cisco Systems, Inc. (the U.S.), Johnson Controls, Inc. (the U.S.),
Siemens AG (Germany), Eaton Corporation Plc (Ireland.), Rockwell Automation,
Inc. (the U.S.), and Emerson Electric Company (the U.S.) among others. The
market competition is characterized by the presence of both and core solution
providers and application sub-system suppliers. Their approach has been to
offer energy management solutions as a part of home and industrial automation
products and services. The new entrants in the energy management systems (EMS)
market require substantial capital investment. Being a technology driven
market, players entering the market are required to keep pace with the
technological advancements and dedicate substantial budget for research and development
activities. On the contrary, favorable government regulations promoting optimum
energy consumption is expected to have positive impact on the new players
entering the market. Thus, the existing energy management systems market poses
moderate threat to new entrants.
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Key Trends
·
Growing interest in residential demand response and roll-out of
smart utility meters
·
Increasing efforts by manufacturers to develop multi-featured
energy management systems capable of connecting with multiple control devices
and being managed from a remote location
·
Growing desire to manage electricity consumption and curb
electricity bills
About Us:
Credence
Research is a worldwide market research and counseling firm that serves driving
organizations, governments, non legislative associations, and not-for-benefits.
We offer our customers some assistance with making enduring enhancements to
their execution and understand their most imperative objectives. Over almost a
century, we’ve manufactured a firm extraordinarily prepared to this task.
Media Contact
Name: Chris Smith
(Global Sales Manager)
Address: 105 N 1st ST
#429, SAN JOSE, CA 95103 US
E-mail:
sales@credenceresearch.com
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Web:
http://www.credenceresearch.com
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