16th December 2019 – U.S.
Energy Management Systems (EMS) Market is estimated to grow
considerably in the forecast period owing to the growing need for efficient and
reliable information technology platforms for optimizing, tracking and
controlling of energy sources. Energy management system is a supporting tool
for economical management. It acts as a conversion of energy supply management
for the SMEs and larger industries whose energy is organized by special
contracts. Energy management systems (EMS) enable centralized monitoring and
help control the use of energy across building systems. They help the system
operators in operating all standalone systems in a building concurrently from a
web application or a single control device.
Energy management systems hold features
like real-time monitoring, power quality investigation, historical data for
comparing and diagnosing problems, automated billing, and customized reporting.
Besides there are other advanced features also that are not used by the EMS
managers. For example, the monitoring capabilities of energy management systems
are highly proficient for enhancing (HVAC) and lighting and for minimizing
energy use whereas most system operators are unable to explore these resources
due to lack of time.
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The energy consumption of several machinery,
equipment and tools contribute towards considerable energy consumption of the
plant. This results in synchronized monitoring and managing which has greater
impact in improving the plant’s energy efficiency. Consequently, the monitoring
and managing holds considerable market share in service industry and is
predicted to continue to offer profitable business opportunities in the coming
years. Furthermore, the improving long term advantages of energy efficiencies
especially in developing economies like African and Asian regions is
anticipated to boost the growth of training and consulting associated services,
thereby affecting U.S. energy management systems industry.
Energy management systems are gaining
acceptability since they help increase productivity, gain competitive
advantage, and reduce energy cost. Additionally, limited availability of
fossils and government policies concerning energy conservation is attracting
the attention of U.S. energy management systems market players. Every industry
requires energy and hence, it becomes essential to install the (EMS) energy
management systems. Despite technology progressing on a faster rate, the
end-use consumers may not accept the same easily. Although numerous prospective
buyers of energy management system are well acquainted of the benefits of
deploying the system, they still implement the customary applications and
technology. Limited expertise, financial obstacles and fragmented customers
& stakeholders are few major challenges faced by U.S. energy management
systems (EMS) industry.
The advent of strict building
regulations and standards by local government display positive influence on the
energy conservation and boost the industry. In addition, geopolitical
regulations to reduce emissions with growing demand for reliable and clean
energy will impel U.S. EMS market in the coming years. Regional government is
also focusing to convert the current and new buildings to zero energy, which
will control carbon footprints. This is estimated to drive the market in near
future.
U.S. energy management systems (EMS)
industry is categorized based on service, component, type, and geography. Based
on service, the market is divided into monitoring & control, implementation
& integration, maintenance, and consulting & training. Based on
component, U.S. energy management systems (EMS) market is divided into sensors,
controllers, software, and others. Based on type, the market is divided into
home energy management, building energy management system and industrial energy
management systems. Geographically, the industry is segmented as United States,
Canada and Mexico.
The prominent players in U.S. EMS
industry comprise C3 Energy, Delta Electronics, Inc., GridPoint Inc., DEXMA,
Honeywell International Inc., General Electric Company, Johnson Controls
International PLC, Siemens AG, Yokogawa Electric Corporation and Schneider
Electric S.E.
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