Global Energy Management System Market: Key Highlights
Global Energy Management System Market: Key Market Dynamics
Request Sample PDF of Global Energy Management System Market:
Global Energy Management System Market: Regional Overview
The Energy Management System market in the North American region is projected to witness high demand owing to the well established infrastructure network and adoption of energy management systems in various industrial sectors. According to USAFacts, in 2019 the federal government of United States spent USD 29 billion on infrastructure and transferred additional USD 67 billion for infrastructure development spending to states. However, increasing infrastructure activities in the regions is expected to boost the product market growth.
Europe is expected to witness steady growth in energy management system during the forecasted period due to expected to witness decent growth owing to favorable government projects such as Neighborhood Oriented Brokerage and Electricity and monitoring systems. Additionally, high demand to curtail power losses in countries such as France, Germany, and the U.K. is further expected to propel the market growth in the region.
Global Energy Management System Market: Key Players Overview
ABB is one of the leading global engineering company and has operates through business like Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation. The company holds approximately 33,500 patent applications and registrations. In November 6, ABB partnered with Verdigris Technologies and has developed artificial intelligence (AI) to help commercial and industrial buildings revolutionize their energy management and tackle rising electricity tariffs. The company has added two new AI applications namely Energy Forecasting and Intelligent Alerts.
Honeywell International Inc. is a US-based company engaged in the invention and commercialization of technologies for overcoming the challenges across energy, safety, security, productivity, and global urbanization. It operates through major business segments, i.e., aerospace, Honeywell building technologies, performance materials and technologies, and safety and productivity solutions.
About Forencis Research
Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of market research reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets.
Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. Our robust research methodology is designed to constantly map the high growth markets in various industries. This facilitates enhanced decision-making capabilities to our clients. We strive to help our clients to foray into uncharted space to attain increased revenue growth for the present as well as the future.
Phone:+1 (720) 306 9020