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Energy Management System Market size is set to exceed USD 38 billion by 2024, according to new research report by Global Market Insights, Inc.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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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.
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.
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.
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.
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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The Italian government has introduced the Energy Efficiency Certificate trading scheme that targets energy service company entities and Conto Termico, which primarily focusses on building sector. Revised government schemes to raise the bar of energy efficiency saving is expected to stimulate the energy management system market share. In 2016, energy saving goal increased over 40% (USD 9.61 million).
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.
Report Content
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 Data Sources
1.2.1. Primary
1.2.2. Secondary
Chapter 2 Executive Summary
2.1 Energy management system industry 360 degree synopsis, 2013 - 2024
2.1.1 Current business environment
2.1.2 Service trends
2.1.3 Component trends
2.1.4 Regional trends
Chapter 3 Energy management system Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 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
3.6 Energy management system Industry Impact forces
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 Growth potential analysis
3.8 Porter's analysis
3.9 Competitive landscape, 2015
3.9.1 Strategy dashboard
3.10 PESTEL analysis
Chapter 4 Energy management system service Insights
4.1 Energy management system market share by service, 2015 & 2024
4.2 IEMS
4.2.1 Global Energy management system market estimates and forecast from IEMS, 2013 - 2024
4.2.2 Global Energy management system market revenue from IEMS, by region, 2013 - 2024
4.3 BEMS
4.3.1 Global Energy management system market estimates and forecast from BEMS, 2013 - 2024
4.3.2 Global Energy management system market revenue from BEMS, by region, 2013 - 2024
4.4 HEMS
4.4.1 Global Energy management system market estimates and forecast from HEMS, 2013 - 2024
4.4.2 Global Energy management system market revenue from HEMS, by region, 2013 - 2024
Chapter 5 Energy management system component Insights
5.1 Energy management system market share by component, 2015 & 2024
5.2 Metering and field equipment
5.2.1 Global energy management system market estimates and forecast from metering and field equipment, 2013 - 2024
5.2.2 Global energy management system market revenue from metering and field equipment, by region, 2013 - 2024
5.3 Hardware
5.3.1 Global energy management system market estimates and forecast from hardware, 2013 - 2024
5.3.2 Global energy management system market revenue from hardware, by region, 2013 - 2024
5.4 Software
5.4.1 Global energy management system market estimates and forecast from software, 2013 - 2024
5.4.2 Global energy management system market revenue from software, by region, 2013 - 2024
5.5 Networking device
5.5.1 Global energy management system market estimates and forecast from networking device, 2013 - 2024
5.5.2 Global energy management system market revenue from networking device, by region, 2013 - 2024
5.6 Control systems
5.6.1 Global energy management system market estimates and forecast from control systems, 2013 - 2024
5.6.2 Global energy management system market revenue from control systems, by region, 2013 - 2024
5.7 Sensors
5.7.1 Global energy management system market estimates and forecast from sensors, 2013 - 2024
5.7.2 Global energy management system market revenue from sensors, by region, 2013 - 2024
5.8 Others
5.8.1 Global energy management system market estimates and forecast from others, 2013 - 2024
5.8.2 Global energy management system market revenue from others, by region, 2013 - 2024
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