The Global Market for Industrial Energy Management Systems (IEMS) is Projected to Reach US$18.2 Billion by 2020

Focus On Minimizing Emissions & Process Energy Wastage Drives the Industrial Energy Management Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Industrial Energy Management Systems (IEMS) market. The global market for Industrial Energy Management Systems (IEMS) is projected to reach US$18.2 billion by 2020, driven by rising adoption of mandatory and voluntary energy management systems and widespread legislation of environmental regulations against the backdrop of the growing focus on minimizing emissions and process energy wastages.

While organizations implement energy management solutions (EMS) and practices to fulfil their corporate social responsibilities (CSR) and sustainability commitments, or as a hedge against shortage of electric power; the opportunities for lowering energy costs provides the most appealing incentive for installing EMS. Energy management has emerged as a pragmatic solution for energy conservation among governments, businesses and industries grappling with issues of escalating energy prices, and climate change. EMS provides actionable intelligence and insights in the form of easily-comprehendible reports that enable operators to understand energy consumption profile of their facilities. EMS plays a vital role in helping industries make data-driven decisions to achieve energy efficiency. Continuous technology developments are transforming EMS into a prognostic and predictive tool that helps companies manage their energy infrastructure in an efficient manner.

Prominent types of EMS offerings include Industrial Energy Management System (IEMS), Building EMS and Home EMS. Industries such as construction, agriculture, and mining represent the major consumers of energy in a country, accounting for over half of the worldwide energy consumption. IEMS finds use in various industries including manufacturing, power utilities, oil and gas refineries, petrochemicals, electronic manufacturing, automotive, cement, mineral and mining processing, metal manufacturing, pulp and paper processing, electronic manufacturing, and food & beverage processing. Besides the huge financial burden of rising electricity bills, unchecked energy consumption increases the carbon footprint of these industries, making them unsustainable in the long-run. Energy management systems are therefore ripe for the picking in the industrial sector. Key capabilities offered by IEMS include ability to achieve energy efficiency, streamline energy consumption, implement demand control, and leverage dynamic pricing tariffs.

As stated by the new market research report on Industrial Energy Management Systems (IEMS), Western economies dominate the global market, supported by stricter penalty based enforcement of environmental regulations, and higher awareness over the economic, competitive and ecological benefits of energy conservation. Europe accounts for a lion’s share of the global spending on IEMS hardware, software, services, and solutions. Industries in the European Union are implementing IEMS as a means to comply with the stringent stipulations of the Energy Efficiency Directive (EED) and EU Emissions Trading Scheme (EU ETS) for curbing carbon footprint and optimizing energy efficiency. Asia-Pacific, Latin America, and Middle East & Africa are poised to record the fastest growth over the analysis period. In Asia-Pacific, China contributes the bulk of IEMS revenues, given the country’s robust appetite for energy management solutions against the backdrop of restructuring and technological modernization of the domestic industrial sector.

Major players covered in the report include ABB Ltd., AECOM, ARCHIBUS, Inc., Autodesk, Inc., C3 Energy, Cascade Energy Inc., Cypress Envirosystems, Eaton Corporation Plc, Emerson Electric Co., ENERGYai, EnerNOC, Inc., General Electric Co., GridPoint, Inc., Honeywell International Inc., IBM Corp., Lightapp Technologies, Mitsubishi Electric Corp., Opto22, Panoramic Power, Rockwell Automation, Inc., SAP SE, Schneider Electric SE, Setpoint Systems Corp., Siemens AG, and Trane Inc., among others.

The research report titled “Industrial Energy Management Systems (IEMS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, and Rest of Asia-Pacific), Middle East & Africa, and Latin America.

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