5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
Energy is one of the most important aspects of our 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 escalating needs of people, the demand for electricity has been skyrocketing. It has become necessary to have efficient energy management systems in place for the effective utilization of energy as well as to reduce costs, improve profitability and adhere to environmental regulations. Energy management systems are used in power generation, transmission and distribution.
The North American market for energy management systems is estimated to grow at a CAGR of 21.56% to reach USD 17.08 billion by 2021, from the current estimate of USD 6.44 billion.
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 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.
DRIVERS
Factors driving this market are:
RESTRAINTS
Factors restraining this market are:
WHAT THE REPORT OFFERS
The report covers the entire market in these major parts:
5th Floor, Rajapushpa Summit
Nanakramguda Rd, Financial District, Gachibowli
Hyderabad, Telangana - 500008
India
+1 617-765-2493
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