Europe Advanced Energy Management System Market By Component, By End User Vertical (Power and Energy, Oil & Gas, Telecom & IT, Manufacturing, Office and Commercial Building and Others), By Solution, By Country, Forecast & Opportunities, 2025
発行: TechSci Research
ページ情報: 英文 115 Pages
Europe advanced energy management system market is expected to grow at a double digit CAGR during the forecast period owing to increasing electricity consumption and growing demand for energy efficiency in various end use industries. Furthermore, need for energy management during high electricity demand and shift from conventional fossil fuels to alternate energy sources is anticipated to drive the demand for advanced energy management systems in Europe.
Advanced energy management system is a technology, involving conversion of electricity to energy and vice versa based on the demand of electricity. The technology is gaining prominence as it offers cost effective and reliable power management for end user industries such as power & energy, IT & telecom and manufacturing, among others. Additionally, growing need for reducing GHG emissions and reduce reliance on fossil fuels is expected to positively impact the growth of the market until 2025. Even Paris agreement or COP21 was also signed in 2015 for reducing the GHG emission and combat climate change by 2100.
Europe advanced energy management system market is segmented based on component, end user vertical, solution, country, and company. In terms of software, which is a sub-segment of component, utility energy management system accounted for the lion's share in 2019 owing to stringent government initiatives for the introduction of smart grid and declining prices of IoT components.
Leading market players in the Europe advanced energy management system market include IBM, Rockwell Automation, Schneider Electric, Honeywell, General Electric, Cisco, Eaton Corporation, SAP, Elster Group, Siemens, CA Technologies, Tendril and others.
Years considered for this report:
Historical Years: 2015-2018
Base Year: 2019
Estimated Year: 2020
Forecast Period: 2021-2025
Objective of the Study:
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of advanced energy management system service providers across the region. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the advanced energy management system service providers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the advanced energy management system service providers and presence of all major players across the region.
TechSci Research calculated the market size of Europe advanced energy management system platform market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and end user verticals for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as advanced energy management system providers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Europe advanced energy management system market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Power and Energy (P&E)
Oil & Gas
Telecom and IT
Office and Commercial Building
Demand Response Management
Utility Billing and Customer Information System
Company Profiles: Detailed analysis of the major companies present in Europe advanced energy management system market.
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: