The global EMIS market is expected to reach $72.1 billion in 2020.
(PRWEB) June 18, 2015
Wellesley, Mass., June 18, 2015 – In 2011, the U.S. accounted for slightly more than half the global energy management information systems (EMIS) market of about $62 billion. BCC Research reveals in its new report that in 2014 the U.S. market share dropped to about 48%, reflecting a downward trend projected to reach about 40.4% by 2020. Meanwhile, the European and Asia-Pacific markets should see market share gains.
The global EMIS market is projected to reach $59.9 billion in 2015, and with a five-year compound annual growth rate (CAGR) of 3.8% should reach $72.1 billion in 2020. The U.S. has the slowest growth rate (0.8%) of any major market during the forecast period, while the European and Asia-Pacific markets are projected to grow at CAGRs of 4.7% and 7.4%, respectively. Meanwhile, other countries as a group are projected to grow at a CAGR of 4.5%.
This report focuses on the U.S. market, while providing additional perspectives on the global EMIS market. Globally, the environment can be described as gradually recovering from the 2008 and 2009 recession, which led to a decline in building and other related investments such as EMIS. The overall economic slowdown initially helped to put the brakes on rising energy consumption. As a result, energy prices leveled off or even declined slightly in some cases.
Stable or declining energy prices diminished the economic incentives to invest in EMIS. However, by 2014, U.S. prices of most forms of energy, except natural gas, had risen above prerecession levels. As a result, the U.S. share of the global EMIS market is projected to decline to 40.4% by 2020. Meanwhile, the Asia-Pacific market is projected to increase its global market share from 26.6% in 2014 to 32.6% in 2020 and the EU from 17 % to 18%. Other countries as a group should see their market share grow from 8.5% in 2014 to 9.0% in 2020.
“The impact of the recession on electricity consumption was felt most keenly in the industrial sector. Electricity demand in the residential and commercial sectors is less sensitive to changing economic conditions than it is in the industrial sector,” says BCC Research analyst Andrew McWilliams. “This disparity arises because people generally continue to consume electricity for space heating and cooling, cooking, refrigeration, lighting and heating water, even in a recession.”
Energy Management Information Systems: Global Markets (EGY052D) discusses the global EMIS market and its major segments, the major enabling technologies for the various types of home automation products. The report mainly addresses the U.S. market, but also analyzes international markets for EMIS products and services.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at email@example.com.
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