Global Energy Management Market to Reach USD 98.8 Bn by 2022, Expects MRC in Its Topical Research Report Published at MarketPublishers.com27 Apr 2017 • by Natalie Aster
LONDON –As of 2015, the value of the world’s energy management market stood at USD 27.6 billion. The marketplace is poised to witness considerable growth at almost 20% CAGR and reach approximately USD 99 billion by 2022.
The market growth is likely to be encouraged by a slew of drivers, including the mushrooming demand for cost reduction; advancements in efficiency and carbon management, to name a few.
Still, the absence of standardized guidelines and a deficiency of financial resources are likely to challenge growth of the global energy management marketplace. Today, technological advancements resulting in improved product quality are amid top trends in the market space.
Segment-wise, the enterprise carbon and energy management segment grabs the largest piece of the market pie. This segment is expected to grow at a significant pace through 2022. Globally, Europe owns the largest market share given the governments’ initiatives and subsidies.
The dominant market players comprise Siemens AG, General Electric Company Cisco Systems, Inc., Honeywell International, Inc, Schneider Electric Se, Asea Brown Boveri (ABB) Ltd., Emerson Process Management, International Business Machine Corporation, Johnson Controls, Inc., GridPoint, Inc and ABB Group, amid others.
Cutting-edge research report “Energy Management - Global Market Outlook (2016-2022)” prepared by Stratistics MRC is a great source of relevant information on the current state of the global energy management market. The report includes details on market shares as for the regional and country-level segments.
It uncovers shares of the dominant market participants, offers strategic recommendations, examines the market dynamics, analyses the growth drivers, restraints, and challenges. The study highlights current and expected trends; opportunities, and the competitive scenario.
The publication casts light on the key companies, focusing on their strategies, financials, and recent developments, and many more. There are 16 detailed profiles of the companies in the report. The granular overview of the supply chain and the insights into the latest technological advancements are included in the study. Future forecasts for the worldwide energy management market up to 2022 are also available.
Other research studies by our partner are available at its page.