Energy management systems market

MarketsandMarkets recently conducted a study on the "Energy Management Systems (EMS) Market", which analyzed and studied the major market drivers, restraints, and opportunities in North America, Europe, Middle East and Africa, Asia-Pacific, and Latin America. The study reports that the EMS market is expected to grow from $17.4 billion in 2013 to $38.49 billion in 2018, at an estimated Compound Annual Growth Rate (CAGR) of 17.2% from 2013 to 2018. The North American region is expected to be the prime market for Energy Management Systems (EMS) in terms of revenue contribution. The report draws the competitive landscape of the EMS market, providing an in-depth comparative analysis of the technological and marketing strategies that the key players are adopting in order to gain an edge over their competitors. The key strategies followed by most companies in the EMS market are innovative technologies, customized solutions, and acquiring relatively small domain expert players. Some of the major players in this market are GE, Schneider Electric, Siemens, and Honeywell.