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Energy Management System (EMS) Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024

Latest updates on Energy Management System (EMS) market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

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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Energy Management System Market size is set to exceed USD 38 billion by 2024, according to new research report

Energy Management System (EMS) Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024
Energy Management System (EMS) Market Key Growth Factors, development trends, key manufacturers and competitive forecast 2024

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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.

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.

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.

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.

Major Highlights from Table of contents are listed below for quick lookup into Energy Management System (EMS) Market report

Chapter 1. Methodology and Scope

  • Definitions & forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2. Executive Summary

  • Business trends of Energy Management System (EMS) Market
  • Product trends
  • Application trends

Chapter 3. Energy Management System (EMS) Industry Insights

  • Energy Management System (EMS) Market Industry segmentation
  • Industry landscape
  • Analysis of Manufacturers in the Energy Management System (EMS) industry
  • Distribution channel analysis
  • End-use landscape
  • Vendor matrix
  • Energy Management System (EMS) Market Technology & innovation landscape
  • Industry impact forces
  • Energy Management System (EMS) Market Growth drivers
  • Industry pitfalls & challenges
  • Key trends by Segments

Chapter 4. Company Profiles

  • Business Overview of Energy Management System (EMS) Market Companies
  • Financial Data
  • Product Landscape
  • Strategic Outlook and Decisive Analysis of companies in Energy Management System (EMS) Market
  • SWOT Analysis

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