Global Energy Management System Market Forecasts to 2023 – Growth Opportunities in Home Energy Management Segment – Research and Markets

DUBLIN–(BUSINESS WIRE)–The "Global
Energy Management System Market Research Reports Insights, Opportunity,
Analysis, Market Shares And Forecast 2017 – 2023" report has
been added to Research and Markets' offering.

Global energy management systems market is expected to have a CAGR
of about 18.9% during forecast period 2016-2023.

The key factors driving the market of energy management systems includes
increasing energy consumption, and mandatory regulations and policies
regarding energy management, growing awareness about carbon footprint
management and increasing inclination towards efficient energy
management. However, hidden cost and longer payback period coupled with
non-standardized guidelines for energy management system is restraining
the growth of the market.

Market Drivers

• Increasing Energy Consumption
• Mandatory Regulations And Policies
• Rising Awareness About Carbon Footprint Management
• Increasing Inclination Towards Efficient Energy Management
• Inclination Towards Corporate Responsibility And Brand Image

Market Restraints

• Longer Payback Period And Hidden Costs
• Non-Standardized Guidelines

Market Opportunities

• Modernization of Old Infrastructure
• Up-Coming Smart Cities Projects in Developing Economies
• Integration of Energy Management Systems With Smart Devices
• Growth Opportunities in Home Energy Management Segment

Market Challenges

• High Initial Investment

North America accounts for highest revenue share in 2016 followed by
Europe and Asia Pacific due to rising adoption of EMS in verticals such
as retail, power, and manufacturing sectors and early adoption of
technologies.

North America is followed by Europe in terms of revenue due to
favourable government initiatives along with rising need to curtail
power losses in various economies such as UK, Germany and France, that
is anticipated to drive energy management system market growth in region.

Asia Pacific is anticipated to record a significant growth due to
various factors such as rising demand for energy optimization and carbon
management across the region and favourable government initiatives.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

• Asea Brown Boveri (Abb) Ltd. (Switzerland)
• C3 Energy (U.S.)
• Ca Technologies (U.S.)
• Cisco Systems, Inc. (U.S.)
• Daikin Industries Ltd. (Japan)
• Daintree Networks (U.S.)
• Elster Group Gmbh (Germany)
• Emerson Process Management (U.S.)
• Gridpoint, Inc. (U.S.)
• Honeywell (Japan)
• Johnson Controls, Inc. (U.S.)
• Jones Lang Lasalle (U.S.)
• Schneider Electric Se (France)
• Siemens Ag (Germany)
• Toshiba Corp. (Japan)

For more information about this report visit https://www.researchandmarkets.com/research/p282lq/global_energy?w=4

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Topics: Utilities