2014-01-29 12:42:02 - Energy Management Systems (EMS) Market: Worldwide Market Forecasts and Analysis 2013-2018 - a new market research report on companiesandmarkets.com
The global EMS market (Energy Management Systems) is suggested to have reached a value of around $17.4 billion at the beginning of 2013, and is forecast to grow to a total of $38.5 billion by 2018. This suggests a CAGR growth rate of around 17.2% between 2013 and 2018. The North American region is expected to be the prime market for Energy Management Systems (EMS) in terms of revenue contribution.
The Energy Management Systems (EMS) vendor landscape is highly fragmented with multiple offerings ranging from simple energy monitoring dashboards to complex energy management softwares with high degree of analytics. Although smaller emerging players in other categories such as DR and ECEM with innovative technologies and niche expertise have been able to
make a mark by creating value innovation for their customers.
The implementation of energy management practices in the future will depend largely upon stringent government policies regarding energy efficiency and conservation as well as market education of end-users about the importance of saving energy and improving bottom-line profits.
Larger players in this domain such as GE, Siemens, and Schneider have a comprehensive robust portfolio of products and services encompassing almost all categories of EMS applications and have a strong foothold especially in utility and industrial EMS. Although smaller emerging players in other categories such as DR and ECEM with innovative technologies and niche expertise have been able to make a mark by creating value innovation for their customers.
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