Monday 6 July 2015, Amsterdam
The report, now available on ASDReports, recognizes the following companies as the key players in the Global Energy Management Systems Market: C3 Energy, Echelon, EnerNOC, Honeywell and Schneider Electric
Other Prominent Vendors in the market are: Cisco Systems, Ecova, GE Energy, IBM and Siemens Building Technologies
Commenting on the report, an analyst from The report’s team said: “Technological advances are improving product quality and leading to more user-friendly designs. These designs do not require any programming experience and require less labor and time to operate, which reduces maintenance and service costs. For instance, Philips’ Envision project involves the development of user-friendly Envision software, supported by an Envision app that provides solutions tailored to each customer’s requirements. This trend will have a positive influence on overall market growth in the future.”
According to the report, demand for electricity has increased steadily worldwide, and global demand for energy is likely to increase by 2030. It has become imperative to reduce energy consumption to counter the rapid depletion of energy sources worldwide. Manufacturing and process industries account for the majority of energy consumption, which is nearly one-third of the total energy consumption globally. Lighting controls and HVAC systems help reduce energy consumption in industries by automating the on-and-off processes of general equipment. They also help monitor and control energy usage from a remote location. Industrial EMS plays a major role in reducing energy consumption in industries.
Further, the report states that heavy initial investments and longer duration to obtain an ROI is a concern for the implementation of this technology.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.