Industrial Energy Management Systems Market to Reach $35.6 Billion by 2024
North America and Europe will lead the market in terms of revenue
BOULDER, Colo. — Global industrial energy management systems (IEMS) revenue is forecast to grow significantly, from $13.5 billion in 2015 to $35.6 billion in 2024, according to a new report from Navigant Research.
The need for continuity in operations and production has made energy efficiency a lower priority in industrial facilities compared to commercial buildings, despite their status as some of the most energy-intensive buildings worldwide. However, as executives begin to understand the value of enhanced visibility and insight into enterprise performance and site-level strategic energy management, the business case for IEMS is growing.