Sarasota, FL -- (SBWire) -- 09/22/2016 --The report covers forecast and analysis for the energy management system market on a global and regional level. The global energy management system (EMS) market accounted for USD 31,294.6 million in 2015 and is expected to reach USD 63,161.4 million by 2021, growing at a CAGR of around 12.4% between 2016 and 2021.The study includes drivers and restraints for the energy management system market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the energy management system market on a global level.
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This report offers comprehensive coverage on global energy management system market along with, market trends, drivers and restraints of energy management system market. This report includes a detailed competitive scenario and product portfolio of key vendors. To understand the competitive landscape in the market, an analysis of Porter's five forces model for the energy management system market has also been included. The study encompasses a market attractiveness analysis, wherein all segments are benchmarked based on their market size, growth rate and general attractiveness. This report is prepared by using data sourced from in-house databases, secondary and primary research team of industry experts. Research analysts and consultants cooperate with leading companies of the concerned domain to verify every value of data exists in this report.
Based on software, energy management system market is segmented into five types: utility energy management software, industrial energy management software, enterprise energy management software, residential energy management and others. Energy management system market is dominated by the industrial energy management software market due to wide extension of industrial hub across the world. Moreover, energy use in industries is much more related to operational practices than in the commercial and residential sectors. The energy-using systems in industries are designed to support the production practices which may are relatively energy efficient under an initial production scenario. In 2015, industry management software account for over 55% of global energy management system market share.
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Based on geography, energy management system market segmented into five regions: North America, Europe, Asia Pacific, Latin America and Middle East and Africa. North America was the largest market share in 2015. North America held approximately above 40% of market share in 2015 in terms of revenue. In addition, growing tendency towards efficient utilization of energy in Asia Pacific region coupled with rise in industrialization are likely to expect the growth of energy management system market in coming years.
The study provides a decisive view on the energy management system market by segmenting the market based on software and regions. All these segments have been analyzed based on present and future trends and the market is estimated from 2015 to 2021. The software based market covered under this study includes utility energy management software, industrial energy management software, enterprise energy management software, residential energy management and others. This report also includes the current and forecast demand for region of North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
Key market player of energy management system market are Asea Brown Boveri (ABB) Ltd, Honeywell International, Inc., Cisco Systems, Inc., General Electric Company, International Business Machine Corporation, Schneider Electric SE, Siemens AG, CA Technologies, Emerson Process Management and Eaton Corporation PLC
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This report segments the global energy management system market as follows:
Global Energy Management System (EMS) Market: Software Analysis
Utility EMS Software
Industrial EMS Software
Enterprise Energy Management Software
Residential EMS
Global Energy Management System (EMS) Market: Regional Segment Analysis
North America
Asia Pacific
Latin America
Middle East and Africa
Energy Management System (EMS) Market for Industrial EMS Software, 2015–2021, (USD Million)
Energy Management System (EMS) Market by Software (Utility, Industrial, Residential, Enterprises Energy Management) – Global Industry Perspective, Comprehensive Analysis, Size, Share, Growth, Segment, Trends and Forecast, 2015 – 2021