San Francisco, California, August 23, 2017: “Energy Management Systems (EMS) Market– Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast 2017 – 2025” is the newest report added by TMR Research which sheds light on the present market landscape of the global energy management systems (EMS) market backed with the micro and macro-economic indicators, mandates, and norms that monitor the market. The study report also provide comprehensive knowledge about the qualitative as well as quantitative assessment of the market by evaluating the information collected from key market players and industry experts.
Energy management systems (EMS) includes both software and hardware control systems that are designed to manage and monitor the consumption and usage of energy in buildings. These systems are focused on optimizing the complete process of energy consumption in buildings, enhance the usage of electrical systems, and cut down the utility costs. Energy management systems involve sensors and other systems for automation to gather and analyze important data on the procedures pertaining to power, lighting, fire, and security systems. Over the last few years, installation of such systems is gathering pace amongst the facility managers and is enforcing them to take tactical management decisions to enhance the organizational bottom-line. The demand for smart energy management processes is propelling the widespread adoption of energy management systems across the globe.
The huge rise in the efforts taken by the governments and private organizations to create awareness about the pressing requirement for the efficient management of energy consumption is the chief driving factor for the growth of the global EMS market. In the coming years, strict government regulations about energy efficiency and conservation are expected to drive the market. Efforts concentrated at spreading awareness amongst the end-users about the importance of saving energy is also expected to propel the market for energy management systems.
However, efficient energy management might be given less priority during the times of economic downturns or financial constriants cash-strapping the industries. This may thus emerge as a chief restraining factor for the growth of the global EMS market.
According to the research report, the global market for energy management systems can be segmented on the basis of product types, software, end-use industry, and geography. In terms of end-use industry the market can be further segmented into power and energy, IT & telecom, municipal corporations, schools, university, and hospitals. Depend on software, the global EMS market can be further segmented as industrial software, energy and enterprise carbon management software, utility EMS software, and residential EMS software.
Some of the key players mentioned in the research report about the global EMS market include names such as C3 Energy, Honeywell, CA Technologies, Eaton Corporation Plc, Cisco Systems, General Electric Company, IBM, Schneider Electric SA, and Siemens AG among others.
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