Energy Management System Market CAGR to Grow at 14.8%
Verfasser: pradnya_86 on Friday, 14 July 2017The global energy management system market was valued at US$ 6,340 Mn in 2016 and is anticipated to reach more than US$ 21,600 Mn by 2025 end. The global energy management system market is expected to register a total incremental opportunity of US$ 14,463.6 Mn between 2017 and 2025. The market is projected to register a CAGR of 14.8% during the forecast period (2017–2025).
Continuous increase in regulatory obligations and industry guidelines boosting the global energy management system market
The industries of today are resource intensive and utilise a large amount of raw materials, water and energy resources, which gives rise to significant levels of solid wastes, effluents and emissions. Such type of industries are often subject to various global and domestic regulations, along with several plant level geography compliances. In order to comply with these strict regulations, industries are adopting either sustainability management solutions or using energy management systems to ensure the reduction in their carbon and energy footprint and control the waste of resources. For example, in the year 2012, the Europe Energy Efficiency Directive established a set of rules to reduce energy wastages and to reach 20% energy efficiency target by 2020. Such rules in various resource intensive industries are fuelling the adoption of energy management systems worldwide.