PUNE, India, Sept. 23, 2022 (GLOBE NEWSWIRE) — Fortune Business Insights published the latest forecast for the Energy Management Systems Market in their report titled “Energy management systems market Forecast 2022-2029”. According to the report, the global market size was US$24.73 billion in 2021. The global energy management systems market size is forecast to grow from US$27.31 billion in 2022 to US$60.54 billion in 2029 at a CAGR of 12.0% over the forecast period 2022-2029.
The energy management system is adopted by various industries such as manufacturing, automotive, building automation, pharmaceutical, energy and utilities, oil and gas, and others. The market is expected to rise due to various global energy issues such as renewable energy source optimization, greenhouse gas emission management, energy consumption and carbon footprint reduction.
Request a sample copy of the research report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/energy-management-system-market-101167
Industry Developments:
- January 2022: Schneider Electric acquired Zeigo, a provider of the climate tech platform. This acquisition will expand Schneider Electric’s offering of clean energy solutions and services. It will also strengthen the company’s ambitions for the digital energy transition.
- June 2021: Honeywell International Inc. launched a battery energy storage system (BESS) platform. It integrates Honeywell’s distributed energy resource management, analytics, and asset monitoring and monitoring control to enable organizations to optimize overall energy consumption.
Report scope and segmentation
| report coverage | details |
| forecast period | 2022 to 2029 |
| Forecast period 2022 to 2029 CAGR | 12.0% |
| Value prognosis 2029 | $60.54 billion |
| base year | 2021 |
| Market size for Energy Management Systems in 2021 | $24.73 billion |
| Historical data for | 2018 to 2020 |
| number of pages | 160 |
| segments covered | Type; end users; |
| Energy Management Systems Market Growth Drivers | Favorable government policies for sustainable energy use should… |
