Dec 18, 2017   SOURCE: BusinessWire

Global Energy Management System Market Forecasts to 2023 - Growth Opportunities in Home Energy Management Segment - Research and Markets

The "Global Energy Management System Market Research Reports Insights, Opportunity, Analysis, Market Shares And Forecast 2017 - 2023" report has been added to Research and Markets' offering.

Global energy management systems market is expected to have a CAGR of about 18.9% during forecast period 2016-2023.

The key factors driving the market of energy management systems includes increasing energy consumption, and mandatory regulations and policies regarding energy management, growing awareness about carbon footprint management and increasing inclination towards efficient energy management. However, hidden cost and longer payback period coupled with non-standardized guidelines for energy management system is restraining the growth of the market.

Market Drivers

  • Increasing Energy Consumption
  • Mandatory Regulations And Policies
  • Rising Awareness About Carbon Footprint Management
  • Increasing Inclination Towards Efficient Energy Management
  • Inclination Towards Corporate Responsibility And Brand Image

Market Restraints

  • Longer Payback Period And Hidden Costs
  • Non-Standardized Guidelines

Market Opportunities

  • Modernization of Old Infrastructure
  • Up-Coming Smart Cities Projects in Developing Economies
  • Integration of Energy Management Systems With Smart Devices
  • Growth Opportunities in Home Energy Management Segment

Market Challenges

  • High Initial Investment

North America accounts for highest revenue share in 2016 followed by Europe and Asia Pacific due to rising adoption of EMS in verticals such as retail, power, and manufacturing sectors and early adoption of technologies.

North America is followed by Europe in terms of revenue due to favourable government initiatives along with rising need to curtail power losses in various economies such as UK, Germany and France, that is anticipated to drive energy management system market growth in region.

Asia Pacific is anticipated to record a significant growth due to various factors such as rising demand for energy optimization and carbon management across the region and favourable government initiatives.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis

7. Company Profiles

  • Asea Brown Boveri (Abb) Ltd. (Switzerland)
  • C3 Energy (U.S.)
  • Ca Technologies (U.S.)
  • Cisco Systems, Inc. (U.S.)
  • Daikin Industries Ltd. (Japan)
  • Daintree Networks (U.S.)
  • Elster Group Gmbh (Germany)
  • Emerson Process Management (U.S.)
  • Gridpoint, Inc. (U.S.)
  • Honeywell (Japan)
  • Johnson Controls, Inc. (U.S.)
  • Jones Lang Lasalle (U.S.)
  • Schneider Electric Se (France)
  • Siemens Ag (Germany)
  • Toshiba Corp. (Japan)

For more information about this report visit https://www.researchandmarkets.com/research/p282lq/global_energy?w=4