cr1According to a new Industry report published by Credence Research, Inc., “Energy Management Systems (EMS) (Industrial Energy Management Systems (IEMS), Building Energy Management Systems (BEMS), Home Energy Management Systems (HEMS)) Industry – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022”, the energy management systems (EMS) Industry is expected to expand at a CAGR of 14.2% from 2015 to 2022, reaching US$ 57.8 Bn by 2022.

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Product and Industry Insights
Energy management systems (EMS) are electronic devices that allow consumers to monitor, control, and manage their energy consumption optimally. The global energy management systems (EMS) Industry for building and residential applications is currently in the nascent stage of development. The industry has been committed towards developing a universal platform capable of addressing issues concerned with the interface, interoperability, and
Competitive Insights

The global energy management systems (EMS) Industry is competitive and technology driven. Some of the leading players in the energy management systems (EMS) Industry include Honeywell International, Inc. (the U.S.), General Electric Company (the U.S.), Schneider Electric SE (France), Panasonic Corporation (Japan), Cisco Systems, Inc. (the U.S.), Johnson Controls, Inc. (the U.S.),

Siemens AG (Germany), Eaton Corporation Plc (Ireland.), Rockwell Automation, Inc. (the U.S.), and Emerson Electric Company (the U.S.) among others. The Industry competition is characterized by the presence of both and core solution providers and application sub-system suppliers. Their approach has been to offer energy management solutions as a part of home and industrial automation products and services. The new entrants in the energy management systems (EMS) Industry require substantial capital investment. Being a technology driven Industry, players entering the Industry are required to keep pace with the technological advancements and dedicate substantial budget for research and development activities. On the contrary, favorable government regulations promoting optimum energy consumption is expected to have positive impact on the new players entering the Industry. Thus, the existing energy management systems Industry poses moderate threat to new entrants.

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Key Trends
Growing interest in residential demand response and roll-out of smart utility meters
Increasing efforts by manufacturers to develop multi-featured energy management systems capable of connecting with multiple control devices and being managed from a remote location
Growing desire to manage electricity consumption and curb electricity bills

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