Global Energy Management System Market Report 2013-2018 & 2023 Featuring Key Players - Emerson Electric, IBM, Eaton Corp, Cisco Systems, ABB, and General Electric


Dublin, Feb. 18, 2019 (GLOBE NEWSWIRE) -- The "Energy Management System Market by Offering, by Component, by Device, by Solution, by Vertical, by Application, by Geography - Global Market Size, Share, Development, Growth, and Demand Forecast, 2013-2023" report has been added to ResearchAndMarkets.com's offering.

Energy management system market is expected to reach $113,476.9 million by 2023, stringent government policies and regulations, favorable government support in the form of incentives, volatility of electricity prices, and rising adoption of EMS in building automation are the major factors driving market growth.

Based on offering, the service category is expected to continue holding the larger share in the energy management system market in the coming years, owing to the growing need for the proper implementation and integration of the equipment associated with EMS in commercial and residential buildings, globally. Increasing demand of building owners to exercise total control over the EMS and monitor the energy demand of their premises and rising awareness regarding energy management are the key factors driving the growth of the service category in the market.

Based on component, software contributed the largest revenue, of around 24%, to the energy management system market in 2017. End users are increasingly purchasing software to reduce energy costs. Besides, market players are offering various kinds of software to track and reduce energy use in an efficient manner. Companies such as IBM Corporation and Siemens AG offer software tools for utility, industrial, and carbon energy management; this helps the system to provide real-time information and control to the user.

Globally, North America is expected to hold the largest share in the energy management system market during the forecast period. Rising energy costs and increasing initiatives by the government and various industrialists to reduce carbon footprint are expected to surge the demand for EMS solutions in the North American region. According to a study by Parks Associates, in 2017, about 35% of the U.S. home owners were willing to bundle HVAC maintenance services with their electricity services and approximately 25% were willing to bundle internet services with their electricity services, which, if implemented, would further support the adoption of the EMS in the region.

Fluctuations in electricity prices due to demand and supply dynamics are driving the energy management system market. Factors such as extreme weather conditions, economic development, and lack of energy supply are contributing to the rise in energy prices. Energy consumption is anticipated to increase by almost 55% in the next 25 years, with developing countries, such as India and China, to be the key markets.

Fossil fuels, such as coal and natural gas which are the most cost-effective form of non-renewable energy, contribute maximum to energy generation. However, increasing energy consumption and decline in resource reserves would support the use of expensive forms of energy generation, resulting in higher energy prices. Hence, volatility in electricity prices, coupled with constrained energy supply and rising energy cost, is expected to drive the growth of the energy management system market during the forecast period.

Schneider Electric SE, Siemens AG, Honeywell International Inc., and Johnson Controls International PLC led the energy management system market in 2017. Among these players, Schneider Electric SE held the largest market share. With the acquisition of Areva T&D (Areva's medium voltage distribution division) in June 2010, Schneider Electric SE became the global leader in medium-voltage and grid automation, which, in turn, consolidated its position in the energy management system market.

Companies in the energy management system market are adopting various growth strategies, including product launches, acquisitions, and collaborations, to expand their market share and consumer base.

Some of the other key players operating in the global energy management system market are Emerson Electric Co., IBM Corporation, Eaton Corporation PLC, Cisco Systems Inc., ABB Ltd., and General Electric Company.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Offering
4.1.1.1 System
4.1.1.2 Service
4.1.1.2.1 Monitoring & control
4.1.1.2.2 Implementation & integration
4.1.1.2.3 Maintenance
4.1.1.2.4 Consulting & training
4.1.1.2.5 Installation
4.1.2 By Component
4.1.2.1 Control systems
4.1.2.2 Communication systems
4.1.2.3 Software
4.1.2.3.1 Utility EMS
4.1.2.3.2 Industrial EMS
4.1.2.3.3 Residential EMS
4.1.2.3.4 Enterprise carbon and energy management
4.1.2.3.5 Others
4.1.2.4 Field equipment
4.1.2.5 Sensors
4.1.2.6 Other Hardware
4.1.3 By Device
4.1.3.1 In-House Displays
4.1.3.2 Thermostats
4.1.3.3 Smart Plugs
4.1.3.4 Load Control Switches
4.1.4 By Solution
4.1.4.1 Carbon energy management
4.1.4.2 Demand response management
4.1.4.3 Utility billing and customer information system
4.1.5 By Vertical
4.1.5.1 Power and energy
4.1.5.2 Telecom & IT
4.1.5.3 Manufacturing
4.1.5.4 Office and commercial buildings
4.1.5.5 Education
4.1.5.6 Retail
4.1.5.7 Healthcare
4.1.5.8 Residential
4.1.5.9 Others
4.1.6 By Application
4.1.6.1 IEM
4.1.6.2 BEM
4.1.6.3 HEM
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends
4.3.1.1 Increasing upgradation of power grids into smart grids
4.3.2 Drivers
4.3.2.1 Electrical energy price volatility
4.3.2.2 Stringent government policy, regulations and incentives
4.3.2.3 Rising adoption of EMS in building automation
4.3.2.4 Impact analysis of drivers on market forecast
4.3.3 Restraints
4.3.3.1 High upfront investments
4.3.3.2 Long payback period for energy intensive industries
4.3.3.3 Impact analysis of restraints on market forecast
4.3.4 Opportunities
4.3.4.1 High demand for EMS in emerging economies
4.4 Porter's Five Forces Analysis

Chapter 5. Global Market Size and Forecast
5.1 By Offering
5.1.1 EMS Service Market, by Type
5.2 By Component
5.2.1 EMS Software Market by Type
5.3 By Device
5.4 By Solution
5.5 By Vertical
5.6 By Application
5.7 By Region

Chapter 6. North America Market Size and Forecast

Chapter 7. Europe Market Size and Forecast

Chapter 8. APAC Market Size and Forecast

Chapter 9. LATAM Market Size and Forecast

Chapter 10. MEA Market Size and Forecast

Chapter 11. Competitive Landscape
11.1 Market Share Analysis of Key Players
11.2 Competitive Benchmarking of Key Players
11.3 Recent Activities of Key Players
11.4 Global Strategic Developments of Key Players

Chapter 12. Company Profiles

  • Schneider Electric SE
  • Johnson Controls International PLC
  • Emerson Electric Co.
  • International Business Machines (IBM) Corporation
  • Eaton Corporation plc
  • Cisco Systems Inc.
  • ABB Ltd.
  • Honeywell International Inc.
  • General Electric Company
  • Siemens AG

For more information about this report visit https://www.researchandmarkets.com/research/bplzgc/global_energy?w=12

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.


            

Contact Data