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Energy Management System (EMS) Market, by Deployment (Cloud Based, and On Premise), by Vertical (Automotive, Building Automation, Oil & Gas, Manufacturing, Pharmaceutical, Power and Energy, and Others (F&B, Government etc.)), by Software (Utility Energy Management, Industrial Energy Management, Enterprise Carbon and Energy Management, and Residential Energy Management) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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ENERGY MANAGEMENT SYSTEM (EMS) MARKET ANALYSIS Energy Management System (EMS) Market, by Deployment (Cloud Based, and On Premise), by Vertical (Automotive, Building Automation, Oil & Gas, Manufacturing, Pharmaceutical, Power and Energy, and Others (F&B, Government etc.)), by Software (Utility Energy Management, Industrial Energy Management, Enterprise Carbon and Energy Management, and Residential Energy Management) and by Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Insight- Global Energy Management System (EMS) Market An energy management system is a system of computer-aided tools utilized to control, monitor, and optimize the performance of the transmission or generation system. In layman’s term, it is a database of information related to usage of financial data, energy resources, and other essential factors that aid organizations in controlling, monitoring, and analyzing operations. EMS is used by large enterprises to monitor and track energy usage in their facilities. EMS software helps to assess and build operator’s energy consumption targets, analyze consumption trends, and identify and validate opportunities for energy efficient programs, in order to minimize operational and energy costs. Currently, enterprises are required to monitor and analyze their performance in a number of ways.
Market Dynamics- Drivers • Growing demand for energy management systems in commercial sectors is expected to drive growth of the global energy management system (EMS) market during the forecast period • Constant increase in regulatory obligations and industry guidelines is expected to propel the global energy management system (EMS) market over the forecast period
Market Dynamics- Restraint • Lack of awareness related to environmental initiatives is expected to restrain growth of the global energy management system (EMS) market during the forecast period • Absence of data, regulatory standards, and common practices within and among companies is expected to hinder the global energy management system (EMS) market over the forecast period
Market Opportunities • Emergence & growing adoption of cloud computing is expected to present lucrative business opportunities • Delivering end-to-end customer experience to pose significant business opportunity
Market Trends • Growing adoption of Internet of Things (IoT) is major trend in the market • Proliferation of smart meters to understand exact consumption of energy is another major trend
Competitive Section • Key companies operating in the global energy management system (EMS) market are Schneider Electric SE, Asea Brown Boveri (ABB) Ltd., Eaton Corporation PLC, Cisco Systems, Inc., CA Technologies, General Electric Company, Emerson Process Management, Honeywell International, Inc., Siemens AG, and International Business Machine Corporation.
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