Global Energy Management System Market 2015-2019

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Transcript of Global Energy Management System Market 2015-2019

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Global Energy Management System Market 2015-2019

Covered in this Report

• The global energy management system market can be segmented into five divisions by application: IEMS, DR, BEMS, HEMS, and Others.

• Technavio's report, Global Energy Management System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts.

• The report covers the market landscape and its growth prospects in the coming years.

• The report also includes a discussion of the key vendors operating in this market.

Global Energy Management System

Market 2015-2019

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Market Overview

• An energy management system (EMS) uses computer-aided tools to monitor, control, and optimize electrical loads.

• The EMS allows consumers to monitor and reduce the energy consumption of electrical and electronic devices and conserve energy.

• In this system, energy consumption can be easily monitored through cell phones, tablets, or other communication devices.

• It also helps in power management in which it tracks the real-time energy consumption of electronic devices and compares it with historical data.

• Technavio's analysts forecast the global energy management system market to grow at a CAGR of 16.5% over the period 2014-2019.

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Management System Market 2015-2019,

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Key Findings

• Technological advances are improving product quality and leading to more user-friendly designs.

• These designs do not require any programming experience and require less labor and time to operate, which reduces maintenance and service costs.

• One of the most effective methods of reducing energy usage in the industrial sector is to employ energy management systems.

• These systems record energy consumption data; normalize energy data to determine the influencing factors; and analyze data to understand consumption trends, making comparisons with historical data to identify glitches and areas for improvement.

• Smart meter deployment is growing globally. It enables the functioning of DR programs.

• It also helps track frequent data exchanges between the meter and the utility while providing consumers with access to timely information about their usage.

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Key Questions Answered in Our Report

• What will the market size be in 2019 and what will the growth rate be?

• What are the key market trends?

• What is driving this market?

• What are the challenges to market growth?

• Who are the key vendors in this market space?

• What are the market opportunities and threats faced by the key vendors?

• What are the strengths and weaknesses of the key vendors?

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