The U.S. energy management systems (EMS) market is
expected to reach USD 23.49 billion by 2024, according to a new report by Grand
View Research, Inc. The growing interest towards efficient energy optimization
coupled with stringent environmental regulations and strict international
standards have fueled industry growth.
Integration of data analytics and big data to
the existing EMS modules has become a major achievement in the industry growth
over the past few years.Major companies such as Building IQ, C3 Energy, and
Ecova have developed sector-specific software platforms that enable
organizations to determine analytically and suggest optimized energy efficient
solutions. Aforementioned factors are anticipated to urge the new and
established industry players to increase R&D investments and enhance their
position in the U.S. market.
Sensors component consumption was the highest
and accounted for 35.1% of the U.S. EMS market in 2015 and is expected to reach
revenue of USD 7,731.0 million by 2024. Battery components demand was valued
USD 349.5 million in 2015. EMS operates the battery to increase
self-consumption while it is grid-connected, or can take advantage of variable
electricity prices.
For full research report on U.S. Energy
Management Systems (EMS) Market visit here: https://www.grandviewresearch.com/industry-analysis/us-energy-management-systems-ems-market
Further key
findings from the report suggest:
- IEMS was the largest product segment
accounting for 58.4% of total revenue in 2015 and is expected to grow at a
CAGR of 11.4% from 2016 to 2024
- The display devices market was valued at USD
108.9 million in 2015 and is anticipated to reach USD 250.1 million by
2024, growing at an estimated CAGR of 9.6% from 2016 to 2024
- Power & energy segment acquired the largest
market in terms of application and accounted for 40.8% of the U.S. revenue
in 2015. This segment is anticipated to lose share to high growth
verticals including retail & offices and healthcare.
- EMS demand in commercial sector is expected to
reach total revenue exceeding USD 20 billion by 2024 and is expected to
remain the largest end-use for energy management systems industry over the
forecast period
- Key players operating in the industry include
Veris, Lutron, Verdant, and NT Network Thermostat and the companies such
as Siemens GE, Honeywell, Schneider Electric are integrating the energy
management systems for various applications.
Get request sample of this report here: https://www.grandviewresearch.com/industry-analysis/us-energy-management-systems-ems-market/request/rs1
Grand
View Research has segmented the U.S. EMS market on the basis of product, and
region:
U.S. Energy
Management Systems (EMS) Product Outlook (Revenue, USD Million, 2014 - 2024)
- Industrial Energy
Management System (IEMS)
- Building Energy
Management System (BEMS)
- Home Energy
Management System (HEMS)
U.S. Energy
Management Systems (EMS) Component Outlook (Revenue, USD Million, 2014 - 2024)
- Sensors
- Controllers
- Software
- Batteries
- Display Devices
- Others
U.S. Energy
Management Systems (EMS) Vertical Outlook (Revenue, USD Million, 2014 - 2024)
- Power & Energy
- Telecom & IT
- Manufacturing
- Retail & offices
- Healthcare
- Others
U.S. Energy
Management Systems (EMS) End-Use Outlook (Revenue, USD Million, 2014 -
2024)
- Residential
- Commercial
About Grand View Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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