Global energy management information system market led by ABB Group, Siemens AG, Schneider Electric SA, and Honeywell International Inc in 2013
Global Energy Management Information System Market 2014-2018 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-04-11 09:15:03
The Global Energy Management Information System market is forecast to grow at a CAGR of 5.07 percent over the period 2013-2018. One of the key factors contributing to this market growth is the emergence of the Process Automation industry. The Global Energy Management Information System market has also been witnessing the increase in the usage of computer-based systems in the Energy industry. However, the increase in exposure to cyber-attacks could pose a challenge to the growth of this market.
Key vendors dominating this space are ABB Group, Siemens AG, Schneider Electric SA, and Honeywell International Inc.
Other vendors mentioned in the report are 1E Ltd., Alerton Inc., American Auto-Matrix, Apogee Interactive Inc., Automated Energy Inc., Automated Logic Corp., Barrington Systems Inc., Centaurus Systems Inc., Cimetrics Inc., Comverge Inc., Control Pak International, Dell Inc., Delta Controls Inc., Echelon Corp., Energy Control Systems Inc., FMC Technologies Inc., HI Solutions Inc., Invensys Building Systems Inc., Johnson Controls Inc., Novar Controls Corp., Philips Teletrol Systems Inc., Powerit Solutions LLC, Rockwell Automation, Sixth Dimension Inc., Solidyne Corp., Stonewater Software, The Trane Co., Tridium Inc., Verdiem Corp., and Veris Industries LLC.
The following companies represent the key players in Global Energy Management Information System Market: ABB Group, Siemens AG, Schneider Electric SA, and Honeywell International Inc.
At present, most of the operations in any business are automated, where computer technology is used to ease the work. Now, even in the Energy industry the reliance on computer technology has increased. Currently, the Energy industry, which includes usage of computer technology and software to manage power plants and factories, requires EMIS to enable monitoring and control of the systems in order to manage the energy usage of the industries and power plants. Personal computers are also being used for EMIS applications such as in supervisory control and data acquisition purposes. Thus, increased usage of computer technology is driving the growth of the Global EMIS market as integration of EMIS in computers is necessary for better management of the energy usage.
One of the major drivers in this market is the emergence of the Process Automation industry. This industry includes various components such as hardware and software which reduce human intervention for efficient functioning. This in turn increases the need for saving energy and the use of various energy management technologies. As a result, the growth of the Process Automation industry is in turn increasing the growth of the Global EMIS market.
Further, one of the major challenges in this market is the increased exposure to cyber-attacks. As an EMIS includes networking and interconnection of hardware and software, the scope of a virus attack increases significantly. This could have a slight negative impact on the growth of the Global EMIS market in the near future.
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