![Energy Management System (EMS) Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG20D2061
Report ID:
UCMIG20D2061 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The Energy Management System (EMS) Market had a value of more than $28 billion in 2019, and it is predicted to grow at a compound annual growth rate (CAGR) of over 9% until 2026. The increased adoption of smart building and home energy systems, along with a highly competitive market that has led to lower product pricing, are contributing to the growth of the industry. Furthermore, the introduction of strict government regulations aimed at reducing carbon emissions and the growing demand for energy conservation are expected to drive the implementation of these systems.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electrical Components & Equipment by segment aggregation, the contribution of the Electrical Components & Equipment in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG20D2061