WiseGuyReports have announced the addition of a new report titled “2019 Global and Regional Energy Management Systems Market Research Report Forecast 2025”.

PUNE , MAHARASHTRA, INDIA, September 23, 2019 /EINPresswire.com/ -- Report Description:

Energy Management Systems are used primarily to evaluate, visualize, and monitor the total level of energy consumption by a household or an organization. The system collects all the essential information related to energy usage through different techniques. In general, such systems are widely used in distribution, transmission, and power generation. Organizations with such systems achieve more significant savings than the organizations those who don’t have these systems. The reason is they can effectively review and manage total energy consumption across the organization. The savings go straight to the bottom line, and it can free up the capital for other important tasks such as business development.

The global Energy Management Systems market is now growing. The reasons behind this can be the increasing usage of smart grid services, competition among companies, government, and economic policies and more. Besides, as the populations and urbanizations are growing, the demand for electricity has gone up. It becomes quite essential to use power management systems in place to use energy effectively. So, it is estimated that in the coming years the global Energy Management System will witness tremendous growth.

The total value of the market in 2018 was $ xx million, but now it is estimated that it will reach USD xx million by the end of 2025. During the forecasting period, the Compound Annual Growth Rate will be around xx percent.

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Market Segmentation

The entire market has segmented by product, component, solution, application, end-users, and region.

Under the product, there are IEMS- Industrial Energy Management Systems, HEMS- Home Energy Management Systems and BEMS- Building Energy Management Systems. By components, there are Batteries, Software, Sensors, Controllers, Display Devices, and more. Talking about the solution, it includes Carbon Energy Management, Demand Response Management, and Utility Billing and Customer Information System. Under the application, there are Healthcare, Telecon and IT, Power and Energy, Retails, Manufacturing, and more. The end-users include Commercial and Residential.

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Geographical Market Segmentation

The following regions can segment the Global Energy Management Systems market. The North America regions- U.S. and Canada. Europe region- Germany and the UK. The Asia Pacific regions- India, China, Japan, Singapore, Indonesia, Thailand, Malaysia, and South Korea. Latin America regions- Mexico and Brazil. The Middle East and Africa region.

It is expected that North America regions will dominate the global market, followed by the Asia Pacific and Europe regions. The reason behind this can be a huge competition among all the industries, and the region’s government and economic policies.

Top Marker Players

The key players operating in this market are Delta Electronics Inc, DEXMA, General Electrical Company, C3 Energy, Schneider Electrical SE, Honeywell International Inc GridPoint Inc, Johnson Controls International plc, Yokogawa Electric Corporation, Siemens AG, IBM, Itron, EcoFactor, EnerNOC and CA Technology.

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