Government Initiatives Foster Growth of the Energy Management Systems Market

Energy management systems (EMS) comprise both hardware and software control systems that are developed to manage and monitor energy usage and consumption in buildings. They aim to make the very best use of the total energy consumption process in buildings, lessen utility costs, and enhance utilization of electrical system. Energy management systems comprise sensors and various other automation systems to analyze and gather vital data on processes related to security systems, lighting, fire, and power. In the last few years, implementations of these advanced systems have gained popularity amongst the facility managers. It allowed them make effective strategic management decisions to better the bottom-line of organizations. The need for intelligent energy management practices is steering the adoption of energy management systems, thereby boosting global energy management systems market.

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The following factors are expected to accelerate the growth of global energy management systems market worldwide:

• In the last few years, we have seen increased integration of internet of things technology with energy management systems to make building smarter. Internet of things technology provides facility managers with real-time analytics and data and assists them in taking up predictive and preventive maintenance measures. The integration of internet of things technology with energy management systems is gaining popularity in both developed and developing countries. Increased adoption of IoT is likely to lead to growth of global energy management systems market.

• One of the best ways to adopt Internet of things technology in energy management systems is to start with integrating all lighting systems. The combination will offer utility companies improved visibility and better control of operations of the energy transmission networks. Internet of things technology is likely to stay a key trend in the building asset monitoring technologies in the forthcoming years. In all likelihood, internet of things is likely to keep on improving the capabilities of energy management systems and contribute towards growth of global energy management systems market.

• The increasing adoption of energy management systems is dependent and mainly encouraged by rigorous government regulations. These regulations encourage conservation of energy together with market awareness of the end-users about the importance of energy conservation.

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Some of the key vendors in the global energy management systems market are Eaton Corporation Plc, General Electric Company, CA Technologies, Schneider Electric SA, C3 Energy, and Cisco Systems.

Energy Management Systems Market to Witness Surge with Higher Implementation of Computerized Technology

Energy Management Systems market is expected to rise and shine remarkably in the coming years due to the increasing demand for better safety and security services in all building infrastructures. An energy management system or an EMS is a system where electric utility grids of computer tools are controlled and optimized by the transmission or generation system. EMS or energy management systems comprises of both software and hardware control systems that are designed in such as way so as to manage and monitor energy consumptions in buildings and other such infrastructures. The aim of EMS is to enhance the complete process of energy consumption in the buildings. Besides that, EMS also helps in improving the entire energy consumption process in buildings.

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Internet of Things to Further Boost EMS Market in Commercial Building Sector

Energy management systems use sensors along with other automation systems in order to analyze and collect important data on processes that pertains to fire, lightning, power, and security systems. The market for energy management systems is projected to be witnessing substantial growth during the past few years. It is expected to expand more in the years to come due to the technological advancement and implementation of better security services in buildings.

Facility Managers or FMs are also adding to the implementation of these systems for better surveillance over system security and an adding factor is the timely records that can be looked forward for later enquiry if need be. Another factor boosting the energy management systems market is the introduction of Internet of Things technology that is integrated with EMS in order to make buildings smarter. IoT (Internet of Things) Technology equips FMs with analytics and real time data in order to help them more predictive and preventive in terms of maintenance. This is done by the process of automating in energy management systems. The IoT Technology is gaining a lot of popularity in terms of commercial building infrastructures in most of the developing as well as already developed regions.

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Energy Management Systems (EMS) Market by Product type and by Region 2017 – 2025

Global Energy Management Systems (EMS) Market: Snapshot

Energy management systems (EMS) consist of hardware and software control systems designed to monitor and manage energy consumption and usage in buildings. They are aimed to optimize the entire energy consumption process in buildings, improve the utilization of electrical system, and reduce utility costs. EMS include sensors and other automation systems to collect and analyze crucial data on processes pertaining to lighting, power, security systems, and fire.  Over the past few years, the implementation of these systems is gaining traction among facility managers (FMs) and enable them to make strategic management decisions to improve the bottom-line of organizations. The demand for intelligent energy management practices is propelling the adoption of EMS across regions.

In recent years, the Internet of things (IoT) technology has increasingly being integrated with EMS to make building smarter. IoT furnishes FMs with real-time data and analytics to help them make preventive and predictive maintenance by automating processes in EMS. In several implementations, the IoT technology influences various retrofitting decisions taken by facility managers. The IoT integration with EMS is gaining popularity in commercial building infrastructure in various developing and developed regions. One of the best ways to adopt IoT in EMS is to begin with integrating all lighting systems. The integration will provide utility companies enhanced visibility and better operational control of the energy transmission networks. IoT is expected to remain a key trend in building asset monitoring technologies for some years as it is likely to continuously improve the capabilities of EMS. However, what’s is more important for organizations implementing EMS is to act proactively on all the information gathered by their facility managers. This will go a long way to achieve the goal of smart buildings.

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Global Energy Management Systems (EMS) Market: Overview

Energy management systems (EMS) refer to innovative digital solutions incorporating sensors, hardware, software, communication networks, and control systems, primarily installed at organizational levels to help develop a systematic process that improves the electricity consumption pattern and reduces the overall energy consumed by the organization. By keeping a track of terminals leading to substantial energy losses and/or consuming impractical amounts of power, and communicating essential data with a central system, energy management systems help companies make necessary reforms and develop sustainable energy models.

Energy management systems allow organizations to overcome challenges such as tracking faulty terminals in power generation and distribution infrastructure and reducing capital expenditures by enhancing utilization of present infrastructure assets. The power industry being one of the largest sources of carbon being released in the environment, leading to global warming and several other environment issues, there has been an increased focus on the ways of optimizing energy usage and efficiency across every possible end-use segment.

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Global Energy Management Systems (EMS) Market: Drivers and Restraints

A vast rise in efforts by government and private bodies to raise awareness regarding the pressing need to effectively manage energy consumption is a key factor driving the global energy management systems market over the past few years. In the next few years, the adoption of energy management solutions is expected to be chiefly driven due to stringent government policies concerning energy conservation and efficiency. Efforts aimed at educating end-users about the significance of saving energy, which could further help in enhancing bottom-line profits for organizations, which end-up spending a massive chunk of their annual funds powering a plethora of internal processes, is also expected to drive the market.

However, the aspect of energy management becomes a minor goal in the periods of economic downturns or for cash-strapped industries owing to financial constraints surrounding the implementation of EMS. In such scenarios, implementation of EMS could take a backseat, which is expected to act as a restraint for the market. Educating costumers regarding energy management can act also as a challenge since end users and enterprises focuses more on initial investments and less on long term benefits.

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Global Energy Management Systems (EMS) Market: Segmentation

The report segments the global energy management systems market on the basis of criteria such as product type, end-use industry, software, and geography. On the basis of end-use industry, the market is segmented into power and energy, telecom & IT, municipal, university, school and hospital systems (MUSH), manufacturing, and commercial and office buildings. On the basis of software, the market is segmented into industrial EMS software, enterprise carbon and energy management software, residential EMS software, and utility EMS software.

On the basis of product type, the market has been segmented into smart plugs, display device, load control switches, and in-home smart thermostats. On the basis of solution, the market is segmented into carbon and energy management, utility billing, customer information system, and demand response. Key applications of energy management systems across areas such as home energy management and building energy management are examined in the report.

Global Energy Management Systems (EMS) Market: Competitive Landscape

The global energy management systems market features a highly fragmented competitive landscape with a large number of vendors offering numerous products such as simple energy monitoring dashboards, complex monitoring dashboards, and complex energy management software with an elevated level of analytics. The market has also benefitted due to recognizable contribution through innovative technologies by small vendors in niche application areas such as enterprise carbon and energy management.

To stay ahead of the stiff competition that a fragmented competitive landscape invariably features, companies in the global energy management systems market are seen following strategies such as the introduction of customized solutions and acquisition of comparatively small domain proficient players and innovative technologies.

Some of the key vendors in the market are C3 Energy, CA Technologies, Honeywell, Eaton Corporation Plc, Cisco Systems, Tendril Inc., General Electric Company, IBM, Siemens AG, and Schneider Electric SA.