(PRWEB) February 13, 2014
MarketsandMarkets recently conducted a study on the "Energy Management Systems (EMS) Market (Utility EMS, Industrial EMS, Enterprise EMS, Demand Response, Energy Management Devices, HEMS, BEMS) – Worldwide Market Forecasts and Analysis (2013 - 2018) ", which analyzed and studied the major market drivers, restraints, and opportunities in North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America.
The study reports that the EMS market is expected to grow from $17.4 billion in 2013 to $38.49 billion in 2018, at an estimated Compound Annual Growth Rate (CAGR) of 17.2% from 2013 to 2018. The North American region is expected to be the prime market for Energy Management Systems (EMS) in terms of revenue contribution.
Browse 99 market data tables and 61 figures spread through 212 pages and in-depth TOC on “Energy Management Systems (EMS) Market - Worldwide Market Forecasts and Analysis (2013 - 2018) ”.
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The Energy Management Systems (EMS) vendor landscape is highly fragmented with multiple offerings ranging from simple energy monitoring dashboards to complex energy management software with high degree of analytics. Although smaller emerging players in other categories such as DR and ECEM with innovative technologies and niche expertise have been able to make a mark by creating value innovation for their customers. The implementation of energy management practices in the future will depend largely upon stringent government policies regarding energy efficiency and conservation as well as market education of end-users about the importance of saving energy and improving bottom-line profits.
The report broadly sub-segments the EMS market by software types: utility EMS, industrial EMS, enterprise carbon and energy management, residential EMS, and others (ICT power management, energy modeling, energy trading, and risk management); energy management devices: In-Home Displays (IHDs), Load Control (LC) switches, smart thermostats, and smart plugs; applications: Home Energy Management Systems (HEMS) and Building Energy Management Systems (BEMS); solutions: Demand Response (DR), utility billing, and Customer Information System (CIS); and by vertical implementation: power and energy; Municipal, University, School and Hospital Systems (MUSH); office and commercial buildings; manufacturing; and telecom and IT.
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 acquiring relatively small domain expert players. Some of the major players in this market are GE, Schneider Electric, Siemens, and Honeywell.
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