The global Energy Management Information Systems (EMIS, aka Enterprise Energy management, EEM) market has grew to nearly $57.5 billion in 2014. This market is expected to grow at a five-year compound annual growth rate (CAGR) of 3.8% from 2015 to 2020, from $59.9 billion in 2015 to nearly $72.1 billion in 2020. A growing number of individual consumers are using custom-tailored EMIS solutions to manage their household energy use.
The U.S. market totaled $27.5 billion in 2014. This market is estimated to grow at a CAGR of 0.8% from 2015 to 2020, from $27.9 billion in 2015 to $29.1 billion by 2020.
The EMIS Market for other countries (including Asia-Pacific, Europe and Rest of the World) totaled nearly $30 billion in 2014. This market is expected to grow at a CAGR of 6.1% from 2015 to 2020, from $32 billion in 2015 to nearly $43 billion by 2020.
Building energy usage can be reduced by 5% to 20% or more by identifying and correcting operational issues. Building owners and operators have various incentives to reduce energy consumption, including adhering to business best practices, eliminating inefficiencies, reducing costs, participating in various governmental and private incentive programs, conserving energy resources, and reducing carbon emissions.
EMIS refers to data acquisition hardware, software and communication systems that provide energy information to commercial building energy managers, facility managers, financial managers and electric utilities. EMIS solutions are applicable for commercial, governmental and nonprofit entities in every segment of the economy.
Although formalized EMIS solutions are not directly applicable for private consumers such as homeowners, historical analysis and decision support to enhance energy efficiency of EMIS are frequently accessible through the EMIS solutions employed by power providers. These power providers enable consumers to become more informed and more efficient by providing historical and current power usage or appliance-specific utility-usage data. Current data analysis tools, such as data warehouse technology and other computing practices, allow power providers to provide consumer power consumption data periodically and on demand with the ability to secure other consumer information or to group the data in an endless variety of ways.
This report is an update of an earlier BCC Research report published in 2012. The overall goal of this report is to identify and prioritize the business opportunities for providers of EMIS solutions and related services that will arise over the next five years as these technologies increase their market penetration.
Source: BCC Research