Energy Management Systems

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The global energy management systems market is forecast to grow at a compound annual growth rate (CAGR) of almost 17 percent from 2015 to 2019, according to a new report published by Technavio.

The rise in energy prices and consumers’ focus on energy efficiency have compelled facility and home owners in North America to adopt energy-saving solutions, notes Frost & Sullivan. Suppliers are diversifying their portfolios with respect to system design and technology in order to remain competitive and meet their needs.

The global energy management system market is forecast to grow at a compound annual growth rate (CAGR) of around 20 percent from 2015 to 2020 due to highly volatile electricity prices, government regulations, and growing awareness among consumers, according to a new report from Research and Markets.

The global residential energy management market had an estimated value of $2.86 billion in 2014 and is forecast to reach $15.62 billion by 2019, with a compound annual growth rate (CAGR) of 40.4 percent between 2014 and 2019, according to a new report from Research and Markets.

Ecova, an energy and sustainability management company, and Powerhouse Dynamics, a supplier of enterprise energy and asset management systems, announced they have expanded their partnership to provide energy management and managed services to retailers, restaurants, and convenience stores.