Latin America Energy Management Systems Market - By Type (Hardware, Software, Services), Type of Energy Management System (HEMS, BEMS, FEMS), Industry, Countries, Trends, Forecast - (2017 - 2022)
The Latin America Energy Management Systems market is valued at USD 0.13 billion in 2016 and is expected to reach a value of USD 0.781 billion by the end of 2022, growing at a projected CAGR of 34.83% during the forecast period of 2017 – 2022. Energy is one of the most important aspects of human lives. At present, most of the need is being met by either conventional energy sources like coal, natural gas and petroleum or by non-conventional energy sources like wind, tidal, solar, etc. With the increasing urbanization and population along with the growing needs of people, electricity demands have been peaking year after year. It becomes necessary to have efficient energy management systems in place for effective utilization of energy as well as to reduce costs, improve profitability and for the maintenance of environmental regulations.
Energy management systems are used in power generation, transmission and distribution. These solutions are of different types: Home Energy Management System (HEMS), Building Energy Management System (BEMS) and Factory Energy Management Systems (FEMS). The demand for these systems is growing because of the incentives being provided by various governments as well as the benefits associated with the deployment of such solutions.
Some of the key vendors in the energy management systems market are IBM, Rockwell Automation, Schneider Electric, Honeywell and General Electric.
Factors driving this market are:
Increasing usage of smart grid services
Growing competition among industrial enterprises
Factors restraining this market are:
Lack of Political will and opposition to privatization and liberalization policies
Lack of focus on part of different stakeholders
What the report offers
The report covers the entire market in the following way:
Section 1 and 2 are introductory, while Section 3 tells about the drivers and restraints of the market, gauges industry attractiveness and opportunities that exist in industry value-chain as well as industry policies that guide the market.
Section 4 explains about the energy management systems technology and how it is beneficial to the enterprises, how it works and most importantly and what the applications of the technology are.
Section 5 gives the detailed market breakdown on the basis of the type of technology used for energy management systems. It provides current market size, forecasts and the market share of each of the technology.
Section 6 answers the question as to what are the different solutions being provided by vendors of energy management systems and what is the market of the same and what future it holds.
Section 7 gives a detailed analysis of the market by the type of solutions that enterprises are providing hardware, software and services.
Section 8 focuses on the market by the end-user industry like manufacturing, construction, energy and others. Section 9 gives a detailed market analysis by Latin American countries.
Section 10 deals with the market share of major vendors, their complete list of products and services, the strategy followed by each of the vendors and key differentiating factors which help them to be a market leader.
Section 11 gives a glimpse into the recent mergers and acquisitions that have happened as well as how the investors find the industry from an investment point of view.
Section 12 is about the future of energy management systems market and the promise it holds for vendors and consumers alike.