Energy management systems (EMS) enable the users (both commercial or residential) to collect information on the energy use through monitoring, assessing, and visualizing energy consumption. These systems consist of a set of automated controls, which facilitate monitoring and controlling of energy requirements of the user. The market for energy management system is primarily driven by the growing need of energy efficiency, energy price volatility, supportive government initiatives and policy & regulatory mandates. Further, innovative technologies like ZigBee, Big Data, cloud computing have changed the perspective of energy management systems. However, some of the restraints associated with its business attractiveness are investment hurdles, longer payback period and hidden cost.
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EMS finds its adoption in diverse industry verticals namely Telecom & IT, Healthcare, manufacturing sector, power & energy among others, as these systems help optimize utilization of energy and enhance the productivity of operations. Power & energy sector is the major revenue contributor of the EMS market in APAC region. Home Energy Management System (HEMS), Building Energy Management System (BEMS) and Industrial Energy Management System (IEMS) are the three kinds of EMS available in the market. Among these, industrial energy management system (IEMS) account for the larger market size by value due to demand from power & energy and manufacturing sector in Asia-Pacific.
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The energy management systems market is segmented based on of component, type, vertical, end user and country. The component segment comprises software, sensors, controllers and others. Based on type, energy management systems are classified as Building Energy Management Systems (BEMS), Industrial Energy Management Systems (IEMS) and Home Energy Management Systems (HEMS). The market is further bifurcated in terms of end user as commercial & residential. Based on vertical, the market is segmented into telecom & IT, retail & offices, healthcare, power & energy, manufacturing and others. Based on geography, the EMS market covers China, Japan, India, Korea, Singapore, Thailand, Australia and rest of Asia-Pacific. Azbil Corp, Daikin Industries, Honeywell, Schneider Electric, General Electric, Siemens AG, Johnson controls and C3 Energy are the leading players in this market.
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Comprehensive analysis of the current and future trends in the Asia-Pacific EMS market have been provided in this report
The report provides a competitive scenario of the Asia-Pacific EMS market with current and future growth trends, structure, driving factors, scope, opportunities and challenges
The report includes a comprehensive analysis of market segments to provide insights on the market dynamics
Porters Five Forces analysis highlights the potential of buyers and suppliers as well as provides insights on the competitive structure of the market to devise effective growth strategies and facilitate better decision-making
Value chain analysis provides key inputs on the role of stakeholders involved at various stages of the value chain
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