U.S. Energy Management Systems Market Size and Growth Prospects, 2012-2022
The growing interest towards efficient energy optimization coupled with stringent environmental regulations and strict international standards have fueled industry growth. Integration of data analytics and big data to the existing EMS modules has become a major achievement in the industry growth over the past few years.Major companies such as Building IQ, C3 Energy, and Ecova have developed sector-specific software platforms that enable organizations to determine analytically and suggest optimized energy efficient solutions. Aforementioned factors are anticipated to urge the new and established industry players to increase R&D investments and enhance their position in the U.S. market. Sensors component consumption was the highest and accounted for 35.1% of the U.S. EMS market in 2015 and is expected to reach revenue of USD 7,731.0 million by 2024. Battery components demand was valued USD 349.5 million in 2015. EMS operates the battery to increase self-consumption while it is gr...