Schneider Electric, Honeywell Profiled in Energy Management System Market to Grow at 13% CAGR to 2024: By Key Vendors: Eaton Corporation, Siemens, ABB
Germany was valued over 25% of Europe energy management system market share in 2015. The German government has unveiled several programs including National Action Plan on Energy Efficiency, to promote investment in energy efficient building & products and innovative industrial operations. The authorities have also offered SMEs subsidy of at least 30% to improve the efficiency of manufacturing process by upgrading technologies and equipment. The country targets to cut its energy consumption to 20% by 2020.
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