Post by account_disabled on Feb 18, 2024 22:36:34 GMT -5
According to Navigant Research , global spending on industrial energy management systems and services , including software components , will grow from $ 11.3 billion in 2013 to $ 22.4 billion in 2020.
According to the report titled " Industrial Energy Management Systems , " the compound annual growth rate is 10.3% . The North American market is the world's largest region in terms of IEMS revenue , but is only slightly ahead of Europe.
Large OEMs such as Eider Electric , Siemens , Invensys and Rockwell Automation have long been part of the _ _ Market leader . _ According to reports , the situation is changing rapidly. The report says that large IT companies such as SAP and IBM are increasingly popular due to their expertise in handling large data sets and complex real-time business intelligence applications.
Other smaller niche companies also participate Telegram Number Data in the energy management systems market by offering unique products and services , but these companies typically need to partner with larger, more established vendors to enter the market , the report said.
Although technology is evolving rapidly , end customers may not adapt as quickly . Many potential buyers of energy management systems are at the stage of understanding the benefits of implementing these systems , but prefer to use more basic technologies and applications . Navigant said this is due to limited resources and the fact that these companies are still in the early stages of understanding energy consumption and energy efficiency.
Those implementing more sophisticated energy management systems are finding that the lines between manufacturing and enterprise environments are blurring . The report notes that energy is now considered another data source that can be combined with a variety of other business intelligence data to provide a more comprehensive and complete picture of overall business performance.
A report released by Pike Research last September estimated that the market for smart building energy management systems will nearly quadruple in size by 2020 and be worth more than $ 1 billion . According to the report titled "Smart Building Management Services , " global spending on these services , including data collection and analysis and building maintenance contracts, will increase from $ 291 million in 2012 to $ 1.1 billion in 2020.
According to the report titled " Industrial Energy Management Systems , " the compound annual growth rate is 10.3% . The North American market is the world's largest region in terms of IEMS revenue , but is only slightly ahead of Europe.
Large OEMs such as Eider Electric , Siemens , Invensys and Rockwell Automation have long been part of the _ _ Market leader . _ According to reports , the situation is changing rapidly. The report says that large IT companies such as SAP and IBM are increasingly popular due to their expertise in handling large data sets and complex real-time business intelligence applications.
Other smaller niche companies also participate Telegram Number Data in the energy management systems market by offering unique products and services , but these companies typically need to partner with larger, more established vendors to enter the market , the report said.
Although technology is evolving rapidly , end customers may not adapt as quickly . Many potential buyers of energy management systems are at the stage of understanding the benefits of implementing these systems , but prefer to use more basic technologies and applications . Navigant said this is due to limited resources and the fact that these companies are still in the early stages of understanding energy consumption and energy efficiency.
Those implementing more sophisticated energy management systems are finding that the lines between manufacturing and enterprise environments are blurring . The report notes that energy is now considered another data source that can be combined with a variety of other business intelligence data to provide a more comprehensive and complete picture of overall business performance.
A report released by Pike Research last September estimated that the market for smart building energy management systems will nearly quadruple in size by 2020 and be worth more than $ 1 billion . According to the report titled "Smart Building Management Services , " global spending on these services , including data collection and analysis and building maintenance contracts, will increase from $ 291 million in 2012 to $ 1.1 billion in 2020.
