Published on : Dec 27, 2017
ALBANY, New York, December 27, 2017: The global energy management system market has been dissected and assessed thoroughly in a market research report by ResearchMoz.us, the report bears the title “Energy Management System (EMS) Market: Global Industry Analysis and Opportunity Assessment, 2017–2025”. The 162-page analysis comes with a comprehensive study of the market together with an exhaustive and careful examination of various classifications of the said market so as to provide a crystal clear picture of the market and its related segments.
The publication delves into details of the competitive trends and landscape of the world energy management system market. The very analysis also contains market vendor related information, viz., market shares of the noted players, market concentration rate, mergers and acquisitions, and expansions. An investigation on the prevailing competition has also been performed keeping into consideration the varied elements that are deemed important on the part of the manufacturers, namely average sales price, production, total revenue, product type, sales area, distribution channels and market shares.
Energy management system refers to a system that comes with computer-aided tools and are put to use by operators of the grids of electric utility so as to control, optimize and monitor the performance of a transmission system. The system runs on a computer technology called EMS/SCADA or SCADA/EMS. The term comprise an array of applications pertaining to power network. The system controls, supervises and optimizes the performance of generation assets and transmission grid. Energy management system can either be an addition to the system of SCADA or have an in-built capabilities of SCADA.
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According to the publication, the international market for energy management system is foreseen to reach a significant market value by the year 2025 displaying a sound CAGR during the period of forecast that expands from the year 2017 to 2025. Stringent measures by the government to facilitate energy conservation, soaring awareness among the common people about climate changes and the need to conserve energy, growing construction work together with rapid industrialization in the emerging economies of the world have contributed mostly towards the growth of the market for energy management system.
However, the market for energy management system has a flipside too and the growth is restrained with the presence of a few challenging factors. The initial cost of setup is quite high and as such is forecasted to mar the market growth. Various other factors like longer period of return on investment (ROI), absence of standardization and skilled and specialized workforce are predicted to the slow the market growth. Nevertheless, the challenges are being forecasted to be temporary and are estimated to vanish in the forthcoming years.
North America is estimated to hold a significant share in the market for energy management system and is predicted be followed by Europe. Latin America and Asia Pacific are also anticipated to be a lucrative market for the energy management system due to burgeoning awareness about energy preservation and initiatives by the government.
International Business Machine Corporation, Emerson Process Management, Honeywell International, Inc., General Electric Company, Asea Brown Boveri (ABB) Ltd, Eaton Corporation PLC., Schneider Electric SE, CA Technologies, Siemens AG, and Cisco Systems, Inc. are some of the topnotch market vendors. All of these market players which have been dissected and profiled in the report have been assessed on the basis of various elements, such as market capacity, revenue, production, price, and market share. So far as strategy is considered, many of the market vendors are making use of different growth-promoting strategies, such as acquisitions and mergers, product diversification and innovation, and partnerships with regional players so as to expand their consumer base.
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