San Francisco, Oct. 10, 2016 (GLOBE NEWSWIRE) — The global energy management system (EMS) market is expected to reach USD 72.73 billion by 2024, according to a new report by Grand View Research, Inc. Industries have primarily been using conventional energy monitoring systems. Cloud computing and big data are now changing the world of technology with their economic applications and better results. These technologies provide real-time data analytics that will positively influence the growth of the market in future. Technological advancement regarding the integration of cloud-based software platforms with BEMS modules has enabled companies to control and monitor the energy utilization in a sustainable manner.
The BEMS market is anticipated to grow at a CAGR of 14.7% over the forecast period. Improving infrastructure and increasing green building particularly in economies such as China, Japan, India, the UAE, the U.S., and Germany are anticipated to drive growth in the BEMS sector over the next seven years.
Browse full research report with TOC on “Energy Management Systems (EMS) Market Analysis By Product (IEMS, BEMS, HEMS), By Component (Sensors, Controllers, Software, Batteries, Display Devices), By Vertical (Power & Energy, Telecom & IT, Manufacturing, Retail & Offices, Healthcare), By End-Use (Residential, Commercial) And Segment Forecasts To 2024” at:http://www.grandviewresearch.com/industry-analysis/energy-management-systems-market
Further key findings from the report suggest:
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Grand View Research has segmented the global energy management systems (EMS) market on the basis of product, component, vertical, end-use and region:
Product Outlook (Revenue, USD Million, 2014 – 2024)
Component Outlook (Revenue, USD Million, 2014 – 2024)
Vertical Outlook (Revenue, USD Million, 2014 – 2024)
End-Use Outlook (Revenue, USD Million, 2014 – 2024)
Regional Outlook (Revenue, USD Million, 2014 – 2024)
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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