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Energy Management System Market.pdf

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Energy Management System Market

The global energy management system market was valued at $24,894.9 million
in 2015, and it is expected to grow at a CAGR of 17.3% during 2016 - 2022.
Based on components of EMS, control system was the largest market in 2015.
EMS enables large corporations and firms to monitor their energy consumption,
and further manage and control it, to achieve energy efficiency goals by using
sophisticated energy usage control techniques. However, to enhance the
adoption of EMS, governments in many countries are expected to come up with
laws, mandating the usage of these systems in large corporate and commercial
buildings. With the focus on climatic changes, and saving the environment to
reduce carbon footprint, the EMS systems are expected to become a fully
commercial and mature market, from an evolving market currently. The EMS
are then expected to integrate with the operation optimization systems as well,
thereby helping the corporates and nations achieve even higher levels of
energy efficiency goals.
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