Growing use expected in various applications including the building, home, and industrial sectors
April 5, 2016
Global market revenue for energy management systems stood at $9.87 billion in 2014 and is forecast to reach $35.92 billion by 2024, increasing at a compound annual growth rate (CAGR) of 13.4 percent from 2016 to 2024, according to a report from Transparency Market Research.
Industrial energy management is largest segment; home energy management to see highest growth
January 12, 2016
The global energy management system (EMS) market is expected to reach $58.59 billion by 2022, growing at a compound annual growth rate (CAGR) of 14.3 percent, according to a new report by Grand View Research. Demand for energy efficiency and optimization are the keys driving adoption of energy management solutions.
Phoenix Energy Technologies monitors and controls energy usage at an enterprise level
November 5, 2015
Duke Energy, one of the nation’s largest electric utilities, has acquired a majority share of Phoenix Energy Technologies (PhoenixET), a provider of energy management systems and services for commercial customers. The terms of the deal were not disclosed.
Firm says it has rapidly evolved from a battery company to an application solutions company
September 8, 2015
ZBB Energy announced that it has changed its name to EnSync Inc. (dba EnSync Energy Systems). The company is a developer of energy management systems for the commercial, industrial, utility, and multi-tenant building markets.
Report offers insights from key decision-makers and users
August 3, 2015
Ecova, an energy and sustainability management company, has released a report with the results of its new survey on energy management systems (EMS). The report summarizes the findings from a survey of nearly 200 multi-site companies, across multiple industries, to better understand how companies select, manage, and maintain an EMS.
Latest technology developments are allowing greater insight into energy procurement and energy usage
July 7, 2015
The global energy management system market is forecast to grow at a compound annual growth rate (CAGR) of around 20 percent from 2015 to 2020 due to highly volatile electricity prices, government regulations, and growing awareness among consumers, according to a new report from Research and Markets.