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.
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.
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.
Leading players and their key business strategies have been analyzed in the report to gain competitive insights into the market. The key market players profiled in the report included in the report are Azbil Corp, Daikin Industries, Honeywell, Schneider Electric, General Electric, Siemens AG, Johnson controls and C3 Energy.
ASIA-PACIFICMARKET KEY SEGMENTATION
The market is segmented on the basis of component, type, end user, vertical and country.
Asia-Pacific Energy Management Systems Market - By Component
Asia-Pacific Energy Management Systems Market - By Type
Asia-Pacific Energy Management Systems - By End User
Asia-Pacific Energy Management Systems By Vertical
Asia-Pacific Energy Management Systems - By Country
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