Energy Management Systems Market Share, Size, Trends and Growth and Forecasts to 2020

Technavio Announces the Publication of its Research Report Global Energy Management Systems Market 2016-2020

Technavio recognizes the following companies as the key players in the global energy management systems market: GE-Alstom Grid, Honeywell, Johnson Controls, Schneider Electric, and Siemens.

Other Prominent Vendors in the market are: ABB, Alarm, Ameresco, Azbil, C3 Energy, CBRE, CISCO System, Cylon Control, Daikin Industries, DEXMA, Duke Energy, Eaton, Echelon, Ecova, Elster, Energy System Technologies, EnergyIQ, EnerNOC, Envizi, eSight Energy, General Electric Industrial Solutions, GridPoint, Hermetic Rush Services, International Business Machines, Lennox International, Lucid, One Sight Solutions, Oracle, Panasonic, Tendril, Trane, United Technologies, Verdant, Veris, and Wipro EcoEnergy.

Browse full report with TOC@

Commenting on the report, an analyst from Technavios team said: Increasing need for energy efficiency will be a key trend for market growth. With the growth in global economy, there is also a rise in energy demand, global demand for energy is likely to increase by 75% by 2030. Energy shortages are becoming a challenge for organizations. Thus, each organization is striving to solve the energy shortage crisis. Energy efficiency is the most efficient way to reduce energy consumption, as it is much economical than buying additional power from reserve plants. Thus, the need for energy efficiency has increased as its cheaper and cleaner. As of 2015, there were more than 120 countries that has some level of energy efficiency targets in place and more than 140 countries had some kind of energy efficiency framework in place.

According to the report, one of the key drivers for market growth will be the reducing impact of energy costs on business. There is a continuous surge in electricity generation worldwide due to growing population and...