Global energy management system market is anticipated to grow at a CAGR of around 20% during the forecast period of 2015-2020, says RNCOS in its latest research report.
Noida, UP -- (SBWIRE) -- 07/10/2015 -- The demand for electricity has increased steadily worldwide. It has become imperative to reduce energy consumption to counter the rapid depletion of energy sources worldwide. Management System is (EMS) a cost-effective and straightforward way to curb energy consumption. Various equipments like smart metes, sensors, smart thermostats and software acquire and transmit a variety of energy data parameters for analysis and reporting through the energy management systems installed in home and buildings. This help in utilizing the energy in a very appropriate way, hence the demand for cost effective EMS system is growing.
Energy management solutions were introduced in the market for adjusting and optimizing energy using systems and procedures, to reduce energy requirements while reducing cost of total energy consumption. With the right energy managing data capture tools in place buildings and home owners save cost and have transparency to all aspects of study data in an instant, where there are significantly fewer monitoring visits, faster solutions to queries, immediate access to reports and data, and an overall shorter study duration. On the backdrop of this cost effectiveness energy management systems market is forecasted to grow at a CAGR of around 20% during 2015-2020.
The report, "Global Energy Management Systems Market Outlook 2020", covers extensive research and thorough analysis of the energy management solutions market across the globe. It also presents a critical analysis and an unbiased view into the state of the global energy management system industry, including the current and future market size and its application in various sectors. It includes various energy management equipments like sensors, smart meters, smart thermostats and software applications in home energy management, building energy management and industrial energy management.
The report also features a thorough analysis of North America, Europe, Asia Pacific, Latin America, and Middle East and African market including the major countries which throws a light on current market scenario and future market potentials of energy management systems there. Moreover, our study also looks into the key players in the global market including their business overview, key financials and recent developments. Overall, the report will facilitate clients in analyzing the driving forces and understand the existing opportunities in the industry.
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