Market share projected to reach about 40.4 percent by 2020
WELLESLEY, Mass. — In 2011, the U.S. accounted for slightly more than half of the global energy management information systems (EMIS) market of about $62 billion. BCC Research reveals the U.S. market share dropped to about 48 percent in 2014, reflecting a downward trend projected to reach about 40.4 percent by 2020. Meanwhile, the European and Asia-Pacific markets should see market share gains.
The global EMIS market is projected to register $59.9 billion in 2015, and, with a five-year compound annual growth rate (CAGR) of 3.8 percent, should reach $72.1 billion in 2020. The U.S. has the slowest growth rate (0.8 percent) of any major market during the forecast period, while the European and Asia-Pacific markets are projected to grow at CAGRs of 4.7 percent and 7.4 percent, respectively. Meanwhile, other countries, combined, are projected to grow at a CAGR of 4.5 percent.