Published on : Oct 12, 2016
ALBANY, NY, Oct 12, 2016: The authors of the report forecast a healthy CAGR of 10.41% during the period of 2016–2020 for the global Energy Management System (EMS) market despite the perception of high installation costs among end users. The report, titled “Global Energy Management Systems Market 2016-2020,” explores the growth prospects of the EMS market for the healthcare sector until 2020, calculating the revenue based on technologies that help to monitor and control the overall energy consumption in a health care facility. The technologies that are included in this report are lighting controls, HVAC, energy management and control, and intelligent sensors.
EMS is a collective system that combines software, hardware, and other services that are installed in a building to improve energy efficiency. This in turn helps reduce greenhouse gases. Energy management systems are very useful for individual appliances and in public spaces of a building such as common areas, cafeterias, data centers, and lobby areas. With the help of these smart systems, energy is conserved with pre-programmed functions such as maintaining the temperature and switching the lighting on or off in real time. Energy management systems come with preferential settings that can be applied to different areas within a building compound.
The report has been prepared based on in-depth market analysis inputs from industry experts. It geographically divides the energy management systems market into three segments: Americas, APAC and EMEA. The U.S., China, and Japan are rated as the key leading countries.
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The report covers the market landscape and includes discussions centered on key vendors currently operating in the market. Prominent vendors explored in this report are: Eaton, Honeywell, Johnson Controls, GE-Alstom Grid, and Schneider Electric. The report also examines the processes and future plan of action of secondary market leaders such as Veoila, Pacific Controls, Distech, Futronix, Siemens, and EnerNoc.
The report picks out the globally growing need to reduce energy consumption, and hence, the eventual requirement for cost cutting as the primary driver of the market for EMS. Developing countries, for their lack of energy production, are regarded as being the biggest upcoming market for energy management systems. The report states that there is a growing trend of green building construction around the globe which augurs well for the market players.
Conversely, these systems are presumed to be costly by end users which is not entirely correct. Extraordinarily rich in features, modern energy management systems are now quite cost effective to deploy, with reduced starting prices, negligible monthly fees and quick return-on-investment in about 6 to 12 months. The report notes this factor as the biggest challenge for the market and recommends companies to create awareness against this presumption as the way forward.
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