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Energy Management Systems expected to reach $113.5bn by 2023

 960 640 Stuart O'Brien
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The Energy Management Systems (EMS) market is expected to reach $113,476.9 million by 2023, with the major factors driving growth attributed to Government support and initiatives, fluctuation of electricity prices and continuing popularity and usage of EMS in building automation.

The increased need for proper implementation and integration of equipment associated with EMS in commercial and residential buildings globally has resulted in the service category expected to continue to hold the largest share in the EMS market according to the P&S report, with growth coming from increasing demand of building owners to control and monitor energy demand of premises and the continuing surge in awareness regarding energy management.

The report also found that software contributed the largest revenue share to the EMS market in 2017 at around 24% , attributed to the increase in end users purchasing software to help reduce energy costs, along with various software options available to track and reduce energy costs.

Geographically, North America is forecast to hold the largest share in the EMS market globally, with a surge in the areas predicted due to ongoing Government initiatives to help reduce the carbon  footprint.

Research has revealed that 35% of U.S. home owners were willing to adopt HVAC maintenance services with their electricity services, along with 25% who would be willing to include internet and electricity services together.

Extreme weather conditions, fluctuations in electrify rates, economic development and lack pf energy supply have also contributed to the rise of energy prices, with energy consumption expected to rise by 55% in the next 25 years, with developing counties such as India and China key to this consumption.

The report identifies leaders within the EMS market as Schneider Electric SE, Siemens AG, Honeywell International Inc and JohnsonControls International PLC, with Schneider Electric SE holding the largest market share.

Other companies adopting growth strategies within the market include Emerson Electric Co, IBM Corporation, Eaton Corporation PLC, Cisco Systems Inc and General Electric Company.

Do you specialise in Energy Management Systems? We want to hear from you!

 960 640 Stuart O'Brien
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Each month on Energy Management Briefing we’re shining the spotlight on a different part of the market – and in January we’ll be focussing on Energy Management systems.

It’s all part of our ‘Recommended’ editorial feature, designed to help energy management buyers find the best products and services available today.

So, if you’re a supplier of Energy Management systems and would like to be included as part of this exciting new shop window, we’d love to hear from you – for more info, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Here are the areas we’ll be covering in 2019, month by month:

January – Energy Management Systems
February – Renewable Energy
March – Carbon Management
April – Metering & Monitoring
May – Waste Management
June – Energy Efficient Solutions
July – Data Collection & Management
August – Water Management
September – Solar PV
October – Lighting
November – HVAC
December – Water Strategy

For more information on any of the above, contact Lisa Rose on 01992 374077 / l.rose@forumevents.co.uk.

Energy management market hit $113bn by 2023

 960 640 Stuart O'Brien
By:

The energy management system market is expected to reach $113,476.9 million by 2023, according to a new report by P&S Intelligence.

Stringent government policies and regulations, favorable government support in the form of incentives, volatility of electricity prices, and rising adoption of EMS in building automation are the major factors driving market growth.

Based on offering, the Service category is expected to continue holding the larger share in the energy management system market in the coming years, owing to the growing need for the proper implementation and integration of the equipment associated with EMS in commercial and residential buildings, globally.

P&S says increasing demand of building owners to exercise total control over the EMS and monitor the energy demand of their premises and rising awareness regarding energy management are the key factors driving the growth of the Service category in the market.

Based on component, Software contributed the largest revenue, of around 24%, to the energy management system market in 2017, as P&S cites end users increasingly purchasing software to reduce energy costs, with market players are offering various kinds of software to track and reduce energy use in an efficient manner.

Globally, North America is expected to hold the largest share in the energy management system market during the forecast period. Rising energy costs and increasing initiatives by the government and various industrialists to reduce carbon footprint are expected to surge the demand for EMS solutions in the North American region.

According to a study by Parks Associates, in 2017, about 35% of the US home owners were willing to bundle HVAC maintenance services with their electricity services and approximately 25% were willing to bundle internet services with their electricity services, which, if implemented, would further support the adoption of the EMS in the region.

EVENT REVIEW: Energy Management Summit 2018

 960 640 Stuart O'Brien
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The UK’s senior energy management professionals converged on the Radisson Blu Hotel, London Stansted on October 1st for two working days of networking and connection building at the Energy Management Summit.

More than 60 delegates and a host of leading industry suppliers talked through projects, objectives and challenges in a series of one-to-one business meetings and interactive seminars.

In the opening keynote, journalist Andy Pag shared his experiences with energy efficient travel and sustainable living, while the event’s other seminars were hosted by Tony Wright of ebm-papst UK, Tony Morris of SPC, Matthew Lawrie of the Energy Institute and David Eynon of Energy and Technical Services.

The supplier roll call included ebmpapst, Waterscan, Centrica, Resource Data Management, Root3 Lighting, Energy & Technical Services, ecagroup, Nicotra Gebhardt, IWTM, Veolia, Noveus Energy, VINCI Facilities, Haven Power, Inspired Energy, Powerstar, Verco and more.

Attending delegates included representatives from Affinity Water, Arriva Trains, BT, City of London Corporation, City of Westminster, DHL Global Forwarding, InterContinental Hotels Group, Kettering General Hospital, Leeds Building Society, Liverpool City Re-gion Local Enterprise Partnership, London Borough of Waltham Forest, London Luton Airport, Lucozade Ribena Suntory, Oxford University Hospital NHS, FT, Pinewood Studios Group, The Co-Op, The Guinness Partnership, UPS and more.
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Sarah Hendy, Managing Director at Forum Events, said: “It was fantastic to see so many delegates and suppliers make new connections during the event, illustrating just what an exciting time it is for the sector.

“The Summit is a great way for the entire energy management sector to come together under one roof – we can’t wait to welcome everyone back next year.”

To secure a complimentary delegate place a next year’s Energy Management Summit, call Clare Element on 01992 374068 or email c.element@forumevents.co.uk.

To attend as a supplier, call Lisa Rose on 01992 374077 or email l.rose@forumevents.co.uk.

For more information, visit www.energymanagementsummit.co.uk.

Welcome to the Energy Management Briefing

 960 640 Stuart O'Brien
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We’re delighted to introduce the Energy Management Briefing – your one-stop source of energy management industry news, in-depth analysis, events and jobs.

The Energy Management Briefing is brought to you by Forum Events, the company behind the enormously popular Energy Management Summit– a highly-focused event that brings energy management professionals and key industry solution providers together for one-to-one business meetings, interactive seminars and valuable networking opportunities.

We’ll be delivering the latest news and topical discussion from across the energy management sector, directly to the people who matter – through this online portal and a fortnightly email newsletter.

Our readership includes key decision makers from across the industry, encompassing Energy Managers, Facilities Managers, Sustainability Managers, Environment Mangers, Estate Compliance Managers and many more, plus the countless suppliers who provide the sector with essential products and services.

For all Energy Management Briefing enquiries, contact us here.