0

India Energy Management Market Expected to Reach $2,145 million, by 2023

 
2022
India Energy Management Market

Report Code : A04286

quote The government’s push for effective power distribution and transmission of power for its emerging manufacturing industry is expected to provide lucrative opportunities for the market players. Moreover, the recent increase in FDI ratios by Indian government for power sector is further expected to fuel the demand for efficient energy managements solutions in the Indian market in forecast period. Leading EMS players in the country are opting for strategic business expansion, mergers and acquisition to capitalize the potential profitable opportunities emerging in the Indian EMS market. quote

Komal Sharma
Senior Research Analyst, Construction and Manufacturing at AMR

Get 20% Free Customization In This Report
Follow us on Social Media:       
 

According to a new report published by Allied Market Research, titled, India Energy Management Systems Market by Offering, Component, Service, Type, End User, and Industry Vertical: Opportunity Analysis and Industry Forecast, 2016-2023, the India energy management systems market accounted for $6,35.0 million in 2016, and is expected to reach $2,145.1 million by 2023, growing at a CAGR of 19.1% from 2016 to 2023. In 2016, industrial EMS sector dominated the Indian market, in terms of revenue, accounting for about 62.5% share of the Indian market.

Access Full Summary at : https://www.alliedmarketresearch.com/india-energy-management-systems-market

Energy management systems allow organization to collect information on the energy use through monitoring, assessing, and visualizing energy consumption. Growth in need of energy efficiency, energy price volatility, and policy and regulatory mandates primarily drive the growth of energy management system. However, low of awareness among the small and medium enterprise owners and lack of stringent energy consumption policies in the country hinders the growth of the market. Subsequently, providing opportunities such as consulting, training, and implementation services for the market players.

Smart Cities Mission in India is expected to be game changer for EMS market in India . Through public and private partnership, the government of India is set to develop 100 cities under its Smart Cities Mission by 2020. One of the goals of this mission is to integrate smart solutions for efficient energy management in infrastructure as well as energy management in all selected smart cities. Thus, providing substantial business opportunities for energy efficient solutions, green buildings, and effective energy management of the infrastructure and utilities.

Home energy management system (HEMS), building energy management system (BEMS) and industrial energy management system (IEMS) are the three kinds of energy management systems studied in this report. Among these, the IEMS accounts for the highest market size by value due to the demand from power & energy and manufacturing sector. The Indian IEMS market should reach to about $1,180.0 million by 2023, growing at CAGR of 16.9% from 2017 to 2023. The HEMS market is projected to grow rapidly at a CAGR of 26.9% during the forecast period. This rapid growth is due to the increase in awareness and growth in adoption of HEMS in the developed as well as emerging economies. Energy management systems are further segmented with respect to the end users into commercial and residential. The commercial segment exhibits the highest market share compared with the residential segment and it is anticipated to dominate the India energy management systems market during the forecast period, owing increase in need for energy efficiency, urbanization and industrialization.

Key Findings of the India Energy Management Market:

  • In 2016, the power & energy segment dominated the India energy management systems market, in terms of revenue, and is projected to grow at a CAGR of 17.6% during the forecast period.
  • The industrial EMS segment is anticipated to grow at a CAGR of 16.9% during the forecast period.
  • The increasing emphasis on achieving operational efficiencies by reducing the energy consumption costs is projected to drive the growth of commercial end-user segment with a CAGR of 18.8% from 2017 to 2023

The major players, such as Atandra Energy Private Limited, Computer Maintenance and Services Company, DELTA ELECTRONICS, INC., DEXMA Energy Management, Elconn Energy (India) Pvt. Ltd., Energy Management Solution of India (EMIS), Graphite Technologies Pvt. Ltd., Johnson Control Inc., Schneider Electric, Honeywell International Inc, Neptune India, Nikom InfraSolutions Pvt. Ltd., and Yokogawa India Ltd., have adopted various development strategies such as merger, acquisition, and product launch to expand their market foothold.

 

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
 
 

First time buyer?
Check offers and discount on this report
To get this report

Click Here
 
 

quote India Energy Management Systems Market by Offering (System and Service), Component (Sensor, Controller, Software, and Others), Service (Monitoring & Control, Implementation & Integration, Maintenance, and Consulting & Training), Type (Home Energy Management System, Building Energy Management System, and Industrial Energy Management System), End User (Residential and Commercial), and Market Vertical (Power & Energy, Telecom & IT, Manufacturing, Enterprise, Healthcare, and Others) - Opportunity Analysis and Industry Forecast, 2016-2023 quote

View Report
 
 

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 2,000 niche industries and company profiles on more than 12,000 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

WHY ALLIED MARKET RESEARCH?

INFLALLIBLE METHODOLOGY

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

ANALYST SUPPORT

For complete satisfaction

CUSTOMIZATION

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jul 2024

Body Mist Market

Download Sample
rep-img

Published Date Jul 2024

Crop Reinsurance Market

Download Sample

Buy Full Version
"India Energy Management Market"
Purchase Enquiry

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of the scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save the time of readers