Energy management system (EMS) permits consolidated control of energy usage acr

Posted by Manik on March 5th, 2020

 Energy Management System Market Summary

The Global Energy Management System Market is estimated to reach USD 110.4 Billion in 2024 at a CAGR of 18.8%. Volatility of energy prices and increasing awareness of technology availability and validity is expected to drive the energy management system market during the forecast period. However, involvement of multiple stakeholders in the process is expected to restrain the market during the forecast period. Developing cost effective system is expected to become an opportunity for energy management system market.

Energy management system (EMS) permits consolidated control of energy usage across premises. It is a Central control system which allows operation of several control systems from a single application. All the sensors present in the system works as data inputs and the system uses these inputs to regulate control components. Some key players in EMS market are Schneider Electric SE, ABB Ltd., General Electric Company, Johnson Controls International PLC, and IBM Corporation among others.

 Energy Management System Market Segmentation

This market research report offers a comprehensive analysis of key market trends in the global EMS market. It includes detailed discussion on historical market trends, current market dynamics, consumer landscape, growth opportunities and challenges backed by factful feedbacks.

1. On the basis of type, the market is segmented into building and energy management system, cluster energy management system, home energy management system, retail energy management system, and factory energy management system. 
2. By component, EMS market is segmented into, hardware, software and services.
3. By solution, EMS market is segmented into, demand response management system, carbon management system, utility billing and customer information system. 
4. By end use industry, EMS market is segmented into energy and power, IT & Telecom, manufacturing, chemical, transportation and others.

Energy Management System Market Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Energy Management System Market by Type

• Building and Energy Management System (BEMS)
• Cluster Energy Management System (CEMS)
• Home Energy Management System (HEMS)
• Retail Energy Management System (REMS)
• Factory Energy Management System (FEMS)
• Energy Management System Market by Component

Hardware

• Controllers
• Sensors
• Batteries
• Display Devices
• Others

Software

• Cloud-Based
• Web-Based

Services

• Analysis Services
• Technical Services
• Program Services

 Energy Management System Market by Solution

• Demand Response Management System
• Carbon Management System
• Utility Billing and Customer Information System
• Energy Management System Market by End Use Industry
• Energy and Power
• IT & Telecom
• Manufacturing
• Chemical
• Transportation
• Others

 Energy Management System Market by Region

Asia-Pacific

• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia-Pacific

North America

• US
• Canada
• Mexico

Europe

• Germany
• France
• Italy
• UK
• The Netherlands
• Rest of Europe

Middle East and Africa

• Saudi Arabia
• UAE
• Rest of Middle East & Africa

South America

• Brazil
• Argentina
• Rest of South America

 About Forencis Research

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