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Energy Management System Market share in China to reach $2bn by 2024

For More Information @ http://bit.ly/2kOFL8x <br>Industrial energy management system market size was valued over USD 9 billion in 2015 and is predicted to witness a substantial growth by 2024. It can be used to analyze and monitor real time consumption, load fluctuation and equipment performance. These systems help to attain efficiency, sustainability, cost savings, and emission targets while sustaining the optimal production processes.<br>

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Energy Management System Market share in China to reach $2bn by 2024

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  1. Global Energy Management System (EMS) Market size to reach $38bn by 2024: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024

  2. KeyInsights from Energy Management System Market: • Introduction of strict building codes and standards by regional government to encourage energy conservation will positively influence the energy management system market size from 2016 to 2024. In the U.S., standard 90.1 has been adopted to provides minimum requirements for energy efficient commercial building construction and design. Canada has adopted ISO 50001 to provide structured framework to organization towards energy efficiency. It also helps to reduce energy cost and other adverse environmental impacts. • Geopolitical measures to reduce the reduce emissions, with growing demand for clean and reliable power will propel energy management system market share. EU has introduced Energy Performance of Buildings (EPBD 2002/91/EC) directive with the prime objective to promote cost effective improvement to enhance the overall building efficiency. Regional government is also planning to convert the existing and new buildings into zero energy from 2020. These measures to curb the carbon footprints is predicted to drive the energy management system market.

  3. Continued... • Germany energy management system market share contributed over 25% of regional revenue share in 2015. The government has introduced various programs including National Action Plan on Energy Efficiency, to encourage investment in energy efficient products & building and innovative industrial processes. The authorities have also provided SMEs subsidy of up to 30% for improving manufacturing process efficiency by upgrading equipment and technologies. The country has target to reduce 20% of its energy consumption by 2020. • Energy management system market share from control systems contributed 5% of global revenue share in 2015. Implementation can lower energy consumption by up to 15%, by providing you with the tools to make your lighting systems, HVAC, and plant equipment electricity use more efficient.

  4. Europe Energy Management System Market size, by component, 2013 - 2024 (USD Billion)

  5. Browse Full Market Research Report On Energy Management System Market @ https://goo.gl/bULH78 Request for a Sample of this Research Report @ https://www.gminsights.com/request-sample/detail/1115

  6. Continued... • Global BEMS industry revenue share was more than 25% for 2015. Building codes and standards for residential and commercial structures will stimulate business. U.S. energy management system market size for 2015 was valued over 4 billion. Rising adoption of internet of things, smart meters to optimize, control and monitor the energy consumption will positively impact the business landscape. • For Middle East energy management system market size, Qatar accounted for over 5% of regional revenue share in 2015. Rapid industrialization coupled with growing population are some of factor responsible for business growth from 2016 to 2024. • Some of the key players in the energy management system market include Schneider Electric, Eaton Corporation, ABB, IBM, CA Technology, GENERAL ELECTRIC, Honeywell International, Siemens AG, Cisco Systems, Johnson Controls, and Emerson Electric Corporation.

  7. 360° Analysis • Service Trends • Industrial energy management system market size was valued over USD 9 billion in 2015 and is predicted to witness a substantial growth by 2024. It can be used to analyze and monitor real time consumption, load fluctuation and equipment performance. These systems help to attain efficiency, sustainability, cost savings, and emission targets while sustaining the optimal production processes. • Component Trends • Energy management system market size from metering and field equipment was valued over USD 2 billion in 2015 and is expected to witness a substantial growth during the forecast period. It improves overall network efficiency by balancing the total supply with consumption. Smart meters not only calculate total electricity consumption but also analyze the consumption pattern and associated costs. • Regional Trends • U.S. energy management system market share is expected to witness substantial gains over 11% subject to government measures towards energy conservation. Rising fuel prices with growing awareness among consumers to reduce the emissions will further boost the business. • For Europe EMS market size, UK contributed over 20% of regional revenue share in 2015. Aging infrastructure, a legacy of fossil fuel and rising fuel poverty are some of the factors which may positively encourage the industry growth.

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