Energy management system Market to reach USD 152.8 billion by 2025
Edison, NJ -- (SBWIRE) -- 02/16/2019 -- A new business intelligence report released by HTF MI with title "Global Energy management system Market Size study, by device (Smart thermostats, In-house display , load control switches and smart plugs) Software (Industrial energy management system, Utility Energy management system , Residential energy management system , Enterprise carbon and energy management and others) Application (Building Energy Management system and home energy management system) Vertical (Telecom and IT, Power & Energy, Manufacturing, Office and commercial building and Municipal, University, school and hospital system) Solution (demand response management , carbon management system and utility billing and customer information system) and Regional Forecasts 2018-2025" has abilities to raise as the most significant market worldwide as it has remained playing a remarkable role in establishing progressive impacts on the universal economy.
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Global Energy management system Market to reach USD 152.8 billion by 2025.Global Energy management system market is valued approximately USD 38.5 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 18.8 % over the forecast period 2018-2025. Development of advanced technologies such as CRAS and small signal analysis are considered as key trends for the energy management system market. Additionally, rising awareness about carbon footprint management is also expected to supplement the growth of the market across the globe.
The rise of the Energy management system market is backed owing to the increasing energy consumption, rising price volatility coupled with the growing inclination towards efficient energy management systems. According to the U.S Energy Information Administration (2017), the total world's energy consumption was around 575 quadrillion British thermal unit (Btu) in 2015 which is expected to reach around 736 quadrillion (Btu) by 2040, accounting for an increase of around 28%. Thus, increasing consumption of energy would generate the need for energy management systems as these systems helps the operators to gain a competitive advantage, reduce energy costs and improves productivity. As a result, the adoption and demand for energy management systems would increase, thereby supplementing the growth of the market over the forecast period. Furthermore, modernization of aging infrastructure along with smart cities projects also offers lucrative growth prospects for the energy management system market. However, high cost of deployment is expected to hinder the growth of the energy management system market during the forecast period.
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**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
Top Players in the Market are: Asea Brown Boveri (ABB) Ltd., Cisco Systems, Inc., General Electric Company, Honeywell International, Inc., International Business Machine Corporation, Schneider Electric SE, Siemens AG, Emerson Electric Company, CA Technologies, Eaton Corporation PLC
Important Features that are under offering & key highlights of the report:
– Detailed overview of Energy management system market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Energy management system market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
– A neutral perspective towards Energy management system market performance
– Must-have information for market players to sustain and enhance their market footprint
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Major Highlights of TOC:
Chapter One: Global Energy management system Market Industry Overview
1.1 Energy management system Industry
1.1.2 Products of Major Companies
1.2 Energy management system Market Segment
1.2.1 Industry Chain
1.2.2 Consumer Distribution
1.3 Price & Cost Overview
Chapter Two: Global Energy management system Market Demand
2.1 Segment Overview
2.1.1 APPLICATION 1
2.1.2 APPLICATION 2
2.2 Global Energy management system Market Size by Demand
2.3 Global Energy management system Market Forecast by Demand
Chapter Three: Global Energy management system Market by Type
3.1 By Type
3.1.1 TYPE 1
3.1.2 TYPE 2
3.2 Energy management system Market Size by Type
3.3 Energy management system Market Forecast by Type
Chapter Four: Major Region of Energy management system Market
4.1 Global Energy management system Sales
4.2 Global Energy management system Revenue & market share
Chapter Five: Major Companies List
Chapter Six: Conclusion
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Key questions answered
- Who are the Leading key players and what are their Key Business plans in the Global Energy management system market?
- What are the key concerns of the five forces analysis of the Global Energy management system market?
- What are different prospects and threats faced by the dealers in the Global Energy management system market?
- What are the strengths and weaknesses of the key vendors?
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