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Global Energy Management System Market: Growing Sensitivity of Carbon Footprint Management Noticed by Variant Market Research



According to the latest report published by Variant Market Research, the global energy management system market size is projected to reach $134 billion by 2024 from $35.9 billion in 2016; at a CAGR of 17.9% from 2016 to 2024.

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Rising significance about effective energy management to drive the global energy management system market

The global energy management system market is driven by factors such as growing sensitivity of carbon footprint management, rising significance about effective energy management, high energy usage & price ambiguity, and harsh instructions and guidelines. In energy management system market analysis, it is further noted that the energy management system market share is affected by these various drivers. Though, high cost may obstruct the market growth. Also, mounting rate of smart cities schemes in developing nations would provide an opportunity for market players of market.

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Market Segmentations

The global energy management system market is classified into type, end user, components, vertical, and geography. Type segment includes home energy management system (HEMS), building energy management system (BEMS), and industrial energy management system (IEMS), which is energy management system for industries. Commercial & residential are covered under the end user sub segment. Components comprise software, controllers, sensors, and other components. Vertical includes manufacturing, retail & offices, telecom and IT, power and energy, healthcare, and other verticals. North America (U.S., Mexico, and Canada), Europe (France, Italy, Germany, UK, Russia, and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, and Rest of Asia-Pacific) and RoW (Middle East, South America, and Africa) are the key geographical regions included in this market.

IEMS, by type, is estimated to dominated the global market in 2016
IEMS held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to fast industrial growth with rising construction spending worldwide.
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Sensors, by components, is estimated to dominated the global market in 2016

Sensors held for the highest market share in 2016, and expected to continue its dominance over the forecast period, 2016 – 2024, due to huge demand of sensors in optical cameras, thermal cameras, & motion-detecting wires.

North America is estimated to dominated the global market in 2016

Competitive Landscape

Major market players of the market are Honeywell International, Inc., Schneider Electric SE, General Electric Company, Cisco Systems, Inc., Asea Brown Boveri (ABB) Ltd., Siemens AG, Eaton Corporation PLC, International Business Machine Corporation, CA Technologies, and Emerson Electric Company, among others.

Scope of the Global Energy Management System Market

Type Segments
• Industrial Energy Management System (IEMS)
• Building Energy Management System (BEMS)
• Home Energy Management System (HEMS)

Vertical Segments
• Power and Energy
• Manufacturing
• Retail and offices
• Telecom and IT
• Healthcare
• Other Verticals

End User Segments
• Commercial
• Residential

Component Segments
• Sensors
• Controllers
• Software
• Other Components

Geographical Segments
• North America
o U.S.
o Canada
o Mexico

• Europe
o UK
o Russia
o Germany
o France
o Italy
o Rest of Europe

• Asia-Pacific
o India
o China
o Japan
o South Korea
o Rest of Asia-Pacific

• RoW
o South America
o Middle East
o Africa
• Related Topics

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About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com

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News Release: Global Energy Management System Market: Growing Sensitivity of Carbon Footprint Management Noticed by Variant Market Research
Submitted on: January 16, 2018 01:18:52 PM
Submitted by: dineshpatel
On behalf of: https://www.variantmarketresearch.com/
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