Energy Management Systems Market – Research, Analysis and Forecast, 2013 – 2020

office-building-with-tinted-glass-windrowsEnergy management system (EMS) is one of the emerging technology that enable an organization to collect real-time information on the energy use through monitoring, assessing, and visualizing energy consumption. This concept not only monitors energy consumption but also helps make data driven decisions and enhances enterprise-level operation and financial decisions.

Energy Management Systems are gaining popularity since they help gain competitive advantage, increase productivity and reduce energy cost. In addition, the government policies towards energy conservation & the limited availability of fossils is drawing attention of the corporates. Every industry small or big is running with the help of energy, so it is essential to deploy Energy Management systems for better use and management of energy.

Although technology is advancing at a brisk pace, the end-use clients may not be adopting the same as quickly. Most of the potential buyers of energy management systems are at a stage where they are aware about the benefits of implementing such system, but prefer to use traditional technology and applications, primarily due to high switching costs. Financial barriers, limited expertise and fragmented stakeholders are some of the key challenges for the Energy Management System market.

Source: ResearchBeam

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