Summary: “Energy Management Systems Market” the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
Energy management systems (EMS) are among the emerging technologies that enable an organization to collect real-time information on the net energy use through monitoring, assessing, and visualizing energy consumption.
Building Energy Management System (BEMS) is expected to grow swiftly and would drive the market significantly by the year 2020. In certain economies like Europe, government provides support and subsidies to encourage adoption of Home Energy Management System (HEMS), hence its demand is expected grow, thereby contributing to the total market size.
Among all types of EMS which include HEMS, BEMS, Industrial Energy Management System (IEMS), the adoption of BEMS is expected to increase rapidly due to its varied application in verticals namely, Healthcare, Telecom and IT, Educational institutions and Universities and Commercial building like shopping malls, offices etc. Presently, IEMS is the largest revenue generating segment of the EMS market and would continue to be the same by 2020, given its high product, installation and maintenance cost. The incorporation of big data and analytics has opened scope of technological advancements in better management and allocation of energy. This has transformed the market and is expected to be a crucial component of EMS in the coming years.
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