Energy Management Systems Market Share, Size, Growth and Segment Forecasts to 2022
- Submitted by: Hexareports
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- Date Submitted: 08/10/2016 12:20 AM
- Pages: 4
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The global energy management systems (EMS) market is expected to reach USD 58.59 billion by 2022, according to a new report by Grand View Research, Inc. Growing concern towards energy prices coupled with increasing green building construction particularly in economies China, India, Japan, UAE and Germany is anticipated to drive global EMS market growth over next seven years.
High growth markets of Asia Pacific and Europe have been focusing on optimization of energy systems and efficient urbanization plans. Growing concern towards industrial and commercial waste has urged governments to adopt strategies for efficient construction of urban and industrial establishments.
Browse Detail Report With TOC @ http://hexareports.com/report/energy-management-systems-market/details
Technology used in EMS is still expensive as there is high cost of R&D involved. The capital spending is highly correlated with the financial health of the company. In addition, the return on investment is gradual, and may take a period of nearly 3-4 years. High investment and longer payback period proves to be a major challenge for the market.
Industrial EMS emerged as the leading product segment and accounted for over half of the total revenue in 2014. Surging energy demand in various end-use sectors such as power & energy, IT & telecom, and manufacturing has urged companies to adopt sustainable solutions for optimum utilization of energy. Favorable government initiatives coupled with integration of information technology solutions is expected to drive demand for industrial segment over the next seven years.
Further key findings from the report suggest:
Global energy management system market was valued at USD 20.49 billion in 2014 and is expected to reach USD 58.59 billion by 2022, growing at a CAGR of 14.3% from 2015 to 2022.
Sensors were the most consumed component and accounted for over 35% of the global market in 2014. Deploying of remote sensors and real-time information optimize...
High growth markets of Asia Pacific and Europe have been focusing on optimization of energy systems and efficient urbanization plans. Growing concern towards industrial and commercial waste has urged governments to adopt strategies for efficient construction of urban and industrial establishments.
Browse Detail Report With TOC @ http://hexareports.com/report/energy-management-systems-market/details
Technology used in EMS is still expensive as there is high cost of R&D involved. The capital spending is highly correlated with the financial health of the company. In addition, the return on investment is gradual, and may take a period of nearly 3-4 years. High investment and longer payback period proves to be a major challenge for the market.
Industrial EMS emerged as the leading product segment and accounted for over half of the total revenue in 2014. Surging energy demand in various end-use sectors such as power & energy, IT & telecom, and manufacturing has urged companies to adopt sustainable solutions for optimum utilization of energy. Favorable government initiatives coupled with integration of information technology solutions is expected to drive demand for industrial segment over the next seven years.
Further key findings from the report suggest:
Global energy management system market was valued at USD 20.49 billion in 2014 and is expected to reach USD 58.59 billion by 2022, growing at a CAGR of 14.3% from 2015 to 2022.
Sensors were the most consumed component and accounted for over 35% of the global market in 2014. Deploying of remote sensors and real-time information optimize...