Global Energy Management Systems Market to Reach $35.92 Billion by 2024
Growing use expected in various applications including the building, home, and industrial sectors
PUNE, India — 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.
The global energy management systems (EMS) market is predicted to expand at this rapid pace due to the capacity of EMS to increase efficiency and reduce operational costs as well as the rise of stringent standards to reduce the global carbon footprint.