Analysis of the North American Energy Management Systems Market
The total energy management systems (EMS) market is segmented into home energy management systems (HEMS) and building energy management systems (BEMS).
In 2014, the total EMS market earned a revenue of $ million and is expected to depict a positive growth rate during the forecast period due to increased energy and electricity prices.
The positive trend has encouraged home occupants and facility managers to work out a robust system of controlling and monitoring energy usage with the use of HEMS and BEMS.
The BEMS segment is a larger revenue generator than HEMS, and is projected to dominate throughout the forecast period.
The emergence of cloud computing infrastructure and its associated services such as software as a service (SaaS) are expected to deliver a technology leap for the EMS market at an accelerated rate.
Product quality, a large customer acquisition base, and strong channel partnerships are expected to be the key competitive factors in the EMS market for companies to have an edge over other participants.
About this report
The North American energy management systems market is driven by rising energy costs, greater demand for energy efficiency, and North American government regulations and legislation. The research service has two segments—building energy management systems (BEMS) and home energy management systems (HEMS). BEMS is the larger product segment, while HEMS contributes a smaller proportion but depicts growth in the forecast period. The base year is 2014 and the forecast period is from 2015 to 2020. The research service includes discussions of market drivers and restraints, the competitive landscape, and trends.
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