Energy Management Systems Market Advanced Technology and New Innovations by 2023 - C3 Energy, Delta Electronics, DEXMA, General Electric
Energy management systems market size is expected to reach $62.3 billion by 2023, from $25.9 billion in 2016, growing at a CAGR of 13.5% during the forecast period. Energy management systems allow organizations to collect information related to energy consumption through monitoring, assessing, and visualizing energy consumption. Honeywell International Inc., Johnson Controls International PLC, Schneider Electric S.E., Siemens AG, and Yokogawa Electric Corporation, and General Electric Company are some of the leading key players of the global energy management systems market. The demand for energy management systems is on a rapid increase, as these systems help reduce energy cost and increase productivity. Moreover, the government regulations toward energy efficiency have raised the demand for energy management products. Further, the development of public utilities, infrastructure through application of smart solution under the Smart Cities projects is also expected to drive the gro...