Energy Management System Market by Software (Utility EMS, Industrial EMS, ECEM, Residential EMS, & Others), Device (In-House Display, Smart Thermostat, LCS, Smart Plug), Application, Solution, Vertical & Region - Global Forecast to 2020
"EMS is a systematic collaboration of tools and practices to track, analyze, and plan energy consumption in industrial and commercial (C&I), and residential sector. A high-tech and scalable EMS forms a building block to a sustainable future and also helps businesses monitor energy consumption and maintain usage efficiency to achieve best practices in managing energy resources which are expensive and scarce.
The major industries implementing EMS are power and energy, telecom and IT, office and commercial buildings, and manufacturing sectors. The manufacturing sector is the top revenue generating industry for the EMS market. While the municipalities, universities, schools, and hospitals (MUSH) sector is expected to show the highest growth rate during the forecast period, due to high energy consumption in this sector.
In 2015, the EMS software is the top revenue generating segment in the market. The EMS software includes utility EMS software, industrial EMS software, residential EMS software, enterprise carbon and energy management software, and others.
The EMS market research report consists of the future market trends of this market; it also presents a detailed analysis, market sizing, and projection for the emerging submarkets of EMS. The report has been segmented into EMS software, devices, applications, solutions, verticals, and regions. The EMS market research report analyzes global adoption trends, future growth potential, key drivers, competitive outlook, restraints, opportunities, EMS market ecosystem, and emerging technologies in this market.
There are different assumptions that have been taken into consideration for the forecast and analysis of the EMS market, which include political, economic, social, technological, and economic factors. For example, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.
The report is expected to help the market leaders/new entrants in this market in the following ways:
1. This report segments the market into software, devices, applications, solutions, verticals, and regions, covering this market comprehensively. The report provides the closest approximations of the market size for the overall market and the sub-segments.
2. This report will help them understand the competitors better and gain more insights to enhance their market position. There is a separate section on competitive landscape that includes competitors’ ecosystem and their roles in the market. Besides, there are company profiles of the top 10 players in this market. In this section, market internals are provided that can put them ahead of the competitors.
The report helps them understand the overall growth of the market and provides information and analysis of the key market drivers, restraints, challenges, and opportunities.