Global EMS market set for strong growth

Download PDF Print this article E-mail
The global energy management system (EMS) market was worth $31.3bn in 2015 and is expected to reach as much as $63.2bn by 2021, according to a new analysis.
 
This represents a compound annual growth rate (CAGR) of around 12.4% between 2016 and 2021.
 
The report by Zion Market Research says that energy management systems are gradually being recognised as one of the most significant and cost-effective solutions for reducing greenhouse gas emissions, playing an active role in reducing energy consumption in the industrial, enterprise and residential sectors.
Around the world, the EMS market is driven by increasing awareness in industrial sectors about the efficient utilisation of energy consumption. Additionally, growing alertness about carbon emission management is anticipated to fuel the growth of the market over the next few years, alongside stringent government regulations and government intervention over misuse of energy consumption.
 
Lack of financial resources in new entrant enterprises is a major factor holding back growth of the market, as well as high operational costs in the initial stage coupled with the delayed return on investment.
 
A separate report from Transparency Market Research (TMR) says that the global EMS market will grow at a rate of 13.4% between 2015 and 2023, reaching $35.9bn by 2024.
 
The industrial sector is likely to account for the leading share of demand in the coming years, according to TMR. In particular, the booming industrial sector in emerging economies such as China, India, Thailand, Indonesia, Brazil, Argentina, Russia, Mexico and South Africa holds significant promise for the global EMS market, as industrial entities in these countries are widely adopting comprehensive energy management solutions.
 
Demand from the residential sector, including smart homes and smart cities, could also play a crucial role in the growth of the global EMS market in the coming years.
 
"An increasing number of citizens, particularly in developed regions such as Western Europe, are acknowledging the importance of the residential sector in climate change and are thus starting to embrace solutions such as energy management systems," a TMR analyst said.
 
AVReporter Energy Management Software is often used by smart cities and the utility sector, as well as industrial production units.
Click HERE to learn more.
 
Energy Management for utilities

Newsletter

News

  • VEOLIA- Energy Management Solution for utilitiesVeolia is one of the market leader companies in Hungary in the energy, water and waste management industry. The group company employs approximately 2,500 people who provide professional services to various towns, institutions and industrial companies enabling them to efficient manage resources, while the water utility and district heating branches of the company supply drinking water to hundreds of thousands of families, and heat to tens of thousands of households. With its more than 20-year professional experience Veolia is a determining participant of the Hungarian energy market. The energy branch of the company group provides energy to various institutions of 50 local municipalities, 85 state-owned and public buildings, 30 health institutions and 31 industrial plants, while its district heating networks supply 67,000 residential and institutional customers nationwide. In the three power plants of the company operate high-efficiency natural gas blocks and blocks utilizing renewable energy (biomass).
  • Meet us at the Utility Week in BarcelonaThe European Utility Week aims to be a serious information platform connecting the smart utility community, focusing on regional and global developments in Grid Optimisation, Renewables, Energy Storage, Smart Metering, Smart Cities, Smart Homes, Energy Services & Efficiency, Intelligent Buildings, Data Management, Analytics and IoT, Cyber Security, Smart Gas and Smart Water.  The event serves as an annual meeting point for the community and will be attended by 12.000 international visitors, 450 speakers and 600 exhibitors. 
  • Remote Desktop ServiceAs part of our sales support options, remote desktop service is high on demand.
  • AVReporter Windows Phone & IPhone Mobile Client (Remote Meter Reading)With the support of this application the measurement data (identifying meters manually or by QR code) can be entered and sent via email (attachment in CSV file format) easily into the AVReporter server application.  
  • Technical SpecificationsBelow are some of the specific key elements of AVReporter: