Energy Management Market to Generate Close to $55 Billion by 2020
The Americas was the largest contributor to the market with 37 percent of total market value in 2015
LONDON — The global energy management systems market is forecast to grow at a compound annual growth rate (CAGR) of more than 16 percent from 2016 to 2020, according to Technavio’s latest research report.
“The global energy management systems market is expected to grow steadily during the forecast period, owing to the need for cost reduction. This has led organizations and households to adopt energy management systems to lower energy consumption and improve energy efficiency,” said Thanikachalam Chandrasekaran, a lead research analyst for Technavio.