Albany, NY -- (SBWIRE) -- 07/08/2015 -- About Energy Management System

An energy management system (EMS) uses computer-aided tools to monitor, control, and optimize electrical loads. The EMS allows consumers to monitor and reduce the energy consumption of electrical and electronic devices and conserve energy. In this system, energy consumption can be easily monitored through cell phones, tablets, or other communication devices. It also helps in power management in which it tracks the real-time energy consumption of electronic devices and compares it with historical data. It aims at improving the communication between the tool and the consumer. End-users obtain a holistic view of the energy performance compiled by a wide array of sensing and control devices, data feeds, and analytics.

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Technavio's analysts forecast the global energy management system market to grow at a CAGR of 16.5% over the period 2014-2019.

Covered in this Report

The global energy management system market can be segmented into five divisions by application: IEMS, DR, BEMS, HEMS, and Others.

Technavio's report, Global Energy Management System Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

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Key Vendors

C3 Energy
Echelon
EnerNOC
Honeywell
Schneider Electric

Other Prominent Vendors

Cisco Systems
Ecova
GE Energy
IBM
Siemens Building Technologies

Market Driver

Need to Minimize Energy Consumption
For a full, detailed list, view our report

Market Challenge

High Initial Investment and Long Payback Period
For a full, detailed list, view our report

Market Trend

Development of User-friendly Programming Platforms
For a full, detailed list, view our report

Key Questions Answered in this Report

What will the market size be in 2019 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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