Research and Markets has announced the addition of the "Global Energy Management Systems Market 2017-2022" report to their offering.

The market for energy management systems is estimated to grow at a CAGR of 22.52% to reach USD 55.81 billion by the end of 2021, from the estimate of USD 16.5 billion in 2016.

Energy management systems are used in power generation, transmission and distribution. They generally allow an organization to gather real-time information on the energy usage through monitoring, assessing, and visualizing energy consumption. It also helps to make data-driven decisions and augment enterprise-level operations and financial decisions. The demand for these systems is growing because of the incentives being provided by the various governments as well as the benefits associated with the deployment of such solutions.

Rapid advancements in this technology have further led to provide greater insights into energy procurement and energy usage globally and helps in gaining competitive advantage, increase productivity at a reduced energy cost. Growing demand for power consumption and rising demand and supply gap has led energy management systems to be the most popular choice worldwide, by identifying the energy-saving opportunities.

Increasing usage of smart grid services, growing competition among industrial enterprises, cost efficiency increasing the demand from emerging economies and government policies & incentives are some of the factors augmenting the growth of the market. However, lack of skilled personnel, lack of awareness among stakeholders, lack of finance and non-standardized guidelines has served as a key impediment hindering the growth of the market.

Some of the companies mentioned in the report are IBM, Rockwell Automation, Schneider Electric, Honeywell, General Electric, Cisco, Eaton Corporation, SAP, Elster Group, Siemens, CA Technologies and Tendril.

Market Overview

Factors Driving the Market

  • Increasing usage of smart grid services
  • Growing competition among industrial enterprises is also driving the energy systems market
  • Government policies, and incentives associated with it are contributing to growth of this market

Factors Restraining the Market

  • Lack of skilled personnel
  • Lack of focus on part of different stakeholders

Industry Value Chain Analysis

Industry Attractiveness - Porter's Five Forces

  • Bargaining Power of Suppliers
  • Bargaining Power of Consumers
  • Threat of New Entrants
  • Threat of Substitute Products or Services
  • Competitive Rivalry among Existing Competitors

Industry Policies

Companies Mentioned

  • CA Technologies
  • Cisco
  • Eaton Corporation
  • Elster Group
  • EnergyCAP
  • EnerNOC, Inc
  • General Electric
  • Honeywell
  • IBM
  • Rockwell Automation
  • SAP
  • Schneider Electric
  • Siemens
  • Tendril
  • Utilities Direct

For more information about this report visit http://www.researchandmarkets.com/research/z8rf3x/global_energy