DALLAS, June 9, 2015 /PRNewswire/ --
According to a new market research report "Energy Management System Market by Software (Utility EMS, Industrial EMS, ECEM, Residential EMS, & Others), Device (In-House Display, Smart Thermostat, LCS, Smart Plug), Application, Solution, Vertical & Region - Global Forecast to 2020", published by MarketsandMarkets, Energy Management System Market to grow from $23,263.9.0 Million in 2015 to $59,212.1 Million by 2020, at a CAGR of 20.5 % during the forecast period.
Browse 69 market data Tables and 48 Figures spread through 180 Pages and in-depth TOC on "Energy Management System Market"
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The market report defines and segments the market on the basis of software, devices, applications, solutions, verticals, and regions with an in-depth analysis and estimation of market size. It also identifies the drivers and restraints for this market with insights on trends, opportunities, and challenges. MarketsandMarkets has broadly segmented the EMS market by software such as utility EMS software, industrial EMS software, residential EMS, enterprise carbon and energy management software, and others.
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The EMS market has also been segmented on the basis of industries such as power and energy, telecom and IT, manufacturing, office and commercial buildings, and municipalities, universities, schools, and hospitals (MUSH). The market has also been classified by region: North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
North America is expected to have the largest market share in terms of market size in the global EMS market. Latin America is expected to show a potential growth in terms of the highest compound annual growth rate (CAGR) during the forecast period, due to the rise in technological advancements and high scope of expansions in the region for the leading EMS vendors. The MEA and APAC regions are expected to be in the growth phase of the product life-cycle; hence they could be the best markets for investment during the forecast period.
The report also draws the competitive landscape of the EMS market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the EMS market are innovative technologies, customized solutions, and acquisitions of relatively small domain expert players. The leading players in this market are Cisco Systems, Inc., General Electric Company, Honeywell International, IBM Corporation, Schneider Electric SE, Siemens AG, CA Technologies, Eaton Corporation, Emerson Process Management, and Elster Group GmbH.
MarketsandMarkets forecasts the Energy Management System Market to grow from $23,263.9.0 Million in 2015 to $59,212.1 Million by 2020, at a CAGR of 20.5 % during the forecast period. In terms of regions, North America and Europe are expected to be the biggest markets in terms of revenue contribution, while Asia-Pacific, Middle East and Africa, and Latin America are expected to experience increased market traction, during the forecast period.
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Industrial Energy Management System (IEMS) Market by Technology Solution (SCADA, PLC, DCS, Energy Platforms, Energy Analytics, Meter Data Management, EMIS, PLCS, & DRMS), by Hardware, by Services and by Industry - Global Forecast to 2019
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