Skip to main content

Energy Management Systems Market to Reach $48,901.1 Million by 2026; High Demand for Novel Products to Boost Growth: Fortune Business Insights™

Written by Customer Service on . Posted in Mergers And Acquisitions.

Pune, May 27, 2020 (GLOBE NEWSWIRE) — The global energy management systems market is likely to gain momentum from the increasing adoption of efficient energy management solutions by numerous industries and organizations. This information is given by Fortune Business Insights™ in a published report, titled, “Energy Management Systems Market Size, Share, and Industry Analysis By Type (System, Services), By End-User (Oil and Gas, Manufacturing, Building Automation, Energy and Utilities, Automotive, Pharmaceutical, and Others) and Regional Forecast, 2019 – 2026.” The report further states that the energy management systems market size stood at USD 18,269.6 million in 2018 and is projected to reach USD 48,901.1 million by the end of 2026, thereby exhibiting a CAGR of 13.7% during the forecast period.In-depth analysis of all the regions to examine the upcoming opportunities in these areas.Profiles of companies and the analysis of their strategies to aid the clients in understanding the competitive landscape of the market.Accurate monitoring of the top enterprises operating in the market.Elaborate analysis of the dynamics and trends of the market.The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Drivers & Restraints-Rising Usage for Sustainable & Green Energy to Drive GrowthEnergy management systems aid the companies in reducing cost as the prices of energy are inflating at a fast pace. It also helps in lowering the emission of carbon in the atmosphere, as well as in promoting the usage of sustainable green energy. It further results in the reduction of risks by controlling the usage of energy with the help of advanced energy management systems. Apart from that, the utilization of smart grids has proven to be beneficial as they detect fraud, reduce balancing costs, lower energy losses, optimize utility bills, and enhance customer service. Apart from that, the rising focus of the companies on the digitization of infrastructure, as well as advancements in cloud computing platforms would propel the energy management systems market growth in the coming years.Segment-Oil & Gas Segment to Grow Rapidly Stoked by Need for Reducing Emission of CarbonIn terms of end user, the market is fragmented into pharmaceutical, automotive, energy & utilities, building automation, manufacturing, and oil & gas. Out of these, the oil & gas segment procured 16.8% energy management systems market in 2018. This sector mainly consists of activities, such as marketing, processing, and extracting fuels. The prominent companies present in this sector are investing hefty amounts of money in implementing unique technologies in their processes. They are also planning to invest more in state-of-the-art energy management systems in the near future as these systems help in lowering the intensity of carbon. North America to Lead Backed by Introduction of Energy Efficiency GoalsNorth America held USD 6952.41 million in terms of revenue in 2018 and is set to lead the market throughout the forthcoming years. This growth is attributable to the emergence of energy efficiency goals, as well as energy efficiency resource standards in various states. The U.S. possesses a well-developed market for energy certifications and energy analytics.  Some of the industries based in North America are pressurized by the regulatory bodies to curb the environmental issues. These factors would drive growth of the market in this region. Europe is anticipated to remain in the second position owing to the implementation of stringent measures by the European Union to promote energy efficiency.Competitive Landscape-Key Players Focus on Innovative Product Development to Strengthen PositionThe market is highly competitive with the presence of a large number of enterprises. Companies, such as Eaton and Honeywell are focusing on developing unique energy management systems for the organizations for maintaining an efficient workflow. Below are two of the recent industry developments:May 2019: Eaton unveiled its new frequency response energy management solution called ‘Energy-Aware.’ It is equipped with the company’s state-of-the-art reserve power technology. The new product is meant for those organizations that use large amounts of electricity. It would help in stabilizing the grid and thus, provide renewable power.June 2019: Enel X and Panasonic Solar teamed up to commercialize the solutions for corporate and domestic generation from highly efficient renewable sources at an affordable rate.
Fortune Business Insights™ presents a list of all the energy management systems manufacturers operating in the global market. They are as follows:Cisco Systems Inc.IBM CorporationEatonRockwell Automation Inc.General Electric Co.Honeywell International Inc.Tendril Networks Inc.Mitsubishi Electric CorporationSiemensSchneider Electric SESAP SEEnel XIntroductionDefinition, By SegmentResearch ApproachSourcesExecutive SummaryMarket DynamicsDrivers, Restraints and OpportunitiesEmerging TrendsKey InsightsMacro and Micro Economic IndicatorsConsolidated SWOT Analysis of Key PlayersPorter’s Five Forces AnalysisGlobal Energy Management System Market Analysis, Insights and Forecast, 2015-2026Key Findings / SummaryMarket Size Estimates and ForecastsBy Type (Value)SystemHome Energy Management System (HEMS)Building Energy Management System (BEMS)Industrial Energy Management System (IEMS)ServicesMonitoring & ControlImplementation & IntegrationMaintenanceConsulting & TrainingBy End-User (Value)Oil and GasManufacturingBuilding AutomationEnergy and UtilitiesAutomotivePharmaceuticalOthersBy Geography (Value)North AmericaEuropeAsia PacificMiddle East and AfricaLatin AmericaTOC Continued…!!!

Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/energy-management-system-market-101167

Have a Look at Related Research Insights:Advanced Energy Storage System Market Size, Share and Industry Analysis By Technology (Solid State Battery, Flow Battery, Thermal Energy Storage, Pumped Hydro Storage), By Application (Residential, Commercial, Industrial, Utility) and Regional Forecast 2019-2026Distributed Control System Market Size, Share and Industry Analysis, By Component (Hardware, Software, and Services), By End-User (Oil & Gas, Chemicals, Power Generation, Pharmaceutical, Food & Beverage, and Others), and Regional Forecast 2019-2026.
Heat Recovery Steam Generator Market Size, Share and Industry Analysis, By Design (Horizontal Drum and Vertical Drum), By Application (Cogeneration, and Combined Cycle), By Power Rating (Up to 30 MW, 31 MW – 100 MW, and Above 100 MW), By End-User (Utility, Chemicals, Refineries, Pulp & Paper, and Others), and Regional Forecast, 2019 to 2026
Smart Transformer Market Size, Share & Industry Analysis, By Type (Power, Distribution, Specialty, and Instrument), By Application (Smart Grid, Traction Locomotive, Electric Vehicle Infrastructure, and Others), and Regional Forecast, 2019-2026
Cryogenic Equipment Market Size, Share & Industry Analysis, By Product (Tank, Valve, Vaporizer, Pump, and Others), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), and Others), By End-User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, and Others) and Regional Forecast, 2019-2026
Cryogenic Pump Market Size, Share & Industry Analysis, By Type (Positive Displacement Pump and Centrifugal Pump), By Cryogen Type (Nitrogen, Oxygen, Argon, Liquefied Natural Gas (LNG), and Others), By End-User (Oil & Gas, Metallurgy, Power Generation, Chemical & Petrochemical, Marine, and Others) and Regional Forecast, 2019-2026

About Us:Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in. Contact Us:
 Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
 US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn | Twitter | Blogs

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.