Energy Management Market to Witness Substantial Growth
Increasing number of industries, buildings, and residences will install energy management systems
ALBANY, N.Y. — The global energy management systems market is forecast to see a compound annual growth rate (CAGR) of 13.4 percent between 2016 and 2024, growing from a valuation of $9.9 billion in 2014 to $35.9 billion by 2024, according to a report from Transparency Market Research.
The report projects that the market will experience an increasing number of industries, buildings, and residences installing energy management systems to make utility consumption more efficient.