The Industrial Energy Management System (IEMS) market will reach $12,560.0 million in 2014 and $24,385.0 million by 2019 with a CAGR growth of 14.2 percent from 2014 to 2019.
IEMS is methodical collaboration of systems and practices to track, analyze, and plan the energy consumption usage in the industry.
A comprehensive IEMS has business value by prioritizing the importance of energy as an essential business strategy.
IEMS also forms processes to monitor consumption and usage efficiency to achieve best practice in managing energy resources.
The major operating fields of IEMS are automotive, cement, electronics, food and beverages, metal manufacturing, mining and minerals, oil and gas, paper and pulp, petrochemicals, and utility sectors.
The automotive sector provides top revenue for the IEMS market due to its large deployment in the automotive manufacturing plant.
According to the forecast, the petrochemical industry will show the highest growth rate during the five years.
In 2014 the technology solution is the top revenue generating segment for the IEMS.
This will be due to on-going crisis in the international market so as to reduce the consumption and expenses related to the energy.
The technology solution catered in this segment are supervisory control and data acquisition (SCADA), programmable logic controls (PLC), distributed control system (DCS), energy platform, energy analytics, meter data management (MDM), energy management information system (EMIS), peak load control system (PLCS), and demand response management solution (DRMS).
Sabeena Wahid
editor@greentechlead.com