Global Energy Management Systems Market Outlook for 2022-2028

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Global Energy Management Systems Market Outlook
for 2022-2028
Triton Market Research presents the Global Energy
Management Systems Market report segmented by
Type (Home EMS, Building EMS, Industrial EMS), by
Component (Services Maintenance, Implementation
Integration, Consulting Training, Monitoring
Control, Software, Hardware Sensors,
Controllers, Actuators, Thermostats, Other
Hardware Components), by End-user (Healthcare,
Retail Offices, Manufacturing, Power Energy,
Telecom IT, Other End-users), by Geographical
Region (North America, Europe, Asia-Pacific,
Latin America, Middle East and Africa),
discussing Market Summary, Industry Outlook,
Market Drivers, Market Challenges, Market
Opportunities, Competitive Landscape, Research
Methodology Scope, and Global Market Size,
Forecasts, Analysis (2022-2028). Triton Market
Researchs report on the Global Energy Management
Systems Market states that the market would
evolve at a CAGR of 15.91 over the forecasting
period from 2022 to 2028.
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Rising environmental issues, such as natural
disasters, climate change, and global warming,
have resulted in increased demand for sustainable
resource management for efficient energy usage.
This calls for the use of energy management
systems, for which a growing number of government
policies have been implemented across the world.
The efforts by governments worldwide are a key
factor expected to bolster the growth of the
studied market over the forecast period. However,
high initial costs are associated with energy
management systems, including their maintenance
costs. Several times, expenditures also increase
due to additional equipment required. The high
costs of EMS are thus expected to negatively
affect the markets development. Europe accounted
for the largest share in the global market for
energy management systems in 2021. The region is
expected to maintain its dominance until the end
of the forecasted period. The surging electricity
demand, along with the increased use of smart
grid devices, has enhanced the demand for energy
management systems here. Also, the parliament of
the European Union agreed with the member states
to reduce CO2 emissions by at least 55 by 2030,
compared with the 1990 levels. Such stringent
regulations concerning the mitigation of
environmental emissions and carbon footprints are
expected to foster the growth of the European EMS
market during the forecast period. Energy Hub,
General Electric Company, Enel X, Uplight, C3 AI,
Johnson Controls Inc, Emerson, GridPoint,
Rockwell Automation Inc, Dexma, Broadcom Inc,
Schneider Electric, IBM Corporation, Cisco
Systems Inc, Siemens, Honeywell International
Inc, and Eaton Corporation Plc are some of the
notable players operating in this
market. Aspiring market players face entry
barriers, such as high upfront costs, skilled
personnel, the need for greater access to
distribution channels, and time to establish a
brand in the marketplace, coupled with the
already existing competition due to the presence
of industry giants. In addition, their wide
geographical reach and portfolios of cutting-edge
systems make it difficult for new entrants to
create a space for themselves in the market.
Thus, the threat of new entrants in the EMS
market is considerably low. Contact Us
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