The Energy Management System Display is Set for a Remarkable Growth- ABB, GE, Cisco, Emerson and Eaton
The growth in the energy management system sector is driven by the stringent nature of regulatory policies of various governments that has incentivised various entities to come into this space. Factors such as volatility in electric prices and the growing preference to integrate energy management system in building are also propelling this sector to an unprecedented zenith. The worldwide need for proper implementation and integration of the various equipment related to energy management system in commercial and residential buildings is one such aspect that has led the service category of this sector to retain a larger share in the energy management system sector.
Contrarily, the software section has imparted a large share of revenue to this sector. This is primarily because of the increasing need for cost reduction. Additionally, due to the growing awareness of the negative externalities of misutilisation and over utilisation of energy, various leading players in this sector are offering different software for energy management to monitor and reduce the carbon footprint. North America is expected to hold the largest shared in the energy management systems sector.
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