Energy & Power Global Energy Management System Market | Page 2

“Energy Management System Market: Global Demand
Analysis & Opportunity Outlook 2021”
The global energy management system market is segmented into
application such as industrial energy management, home energy
management system and building energy management system. Among
these segments, industrial energy management system segment is expected
to occupy the top position in the market. Increasing adoption of energy
management system in utilities is expected to foster the growth of the
industrial energy management system market. Moreover, presence of
standardized guidelines such as ISO 50001:2011 Energy Management
System, with an aim to optimize efficiency is anticipated to encourage the
adoption of energy management system in industrial sector in the
upcoming years.
Global Energy Management System Market is expected to flourish at
a robust CAGR of 21.4% over the forecast period. Moreover, the global
energy management system market is projected to garner USD 56.5 Billion
by the end of 2021. Rapid urbanization and increasing population coupled
with rising demand for electricity is expected to garner the growth of the
Energy Management System Market. Further, rising use of smart grids and
favorable government policies are expected to trigger the growth of the
energy management system market.
North America is believed to account for the largest market share in overall
energy management system market during the forecast period. Further,
growing awareness among consumers is driving the growth of the energy
management system market in the region. Further, favorable government
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