Global Industrial Energy Management Systems (IEMS) Industry

New York, Nov. 19, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Industrial Energy Management Systems (IEMS) Industry” – https://www.reportlinker.com/p05896850/?utm_source=GNW
9% in the year 2020 and thereafter recover and grow to reach US$34.7 billion by the year 2027, trailing a post COVID-19 CAGR of 7.2% over the analysis period 2020 through 2027. An environmental apocalypse is predicted in the next 40 to 50 years. Natural disasters and pandemics are expected to become more common and COVID-19 is widely seen by scientists as the beginning of an era of natural & humanitarian crises that will follow. The recent rate of progress in global energy efficient improvements is at risk of slowing down in absence of a clear focus of governments towards implementation of new energy efficiency policies. In 2018 global improvements in primary energy intensity, a measure of energy consumption in relation to global economic activity, was significantly lower in comparison to the improvement observed in previous years and also marked the third consecutive year of declining improvement rates. The rate of progress in 2018 also remained much below than the average 3% rate of improvement targeted as part of the International Energy Agency (IEA)’s Efficient World Strategy for achieving global energy and climate goals. The slowdown in energy efficiency gains in 2018 was largely to a warmer summer and a colder winter in the U.S. that drove up energy usage for cooling and heating; increased production from high-energy intensive industries in China and the US; governments’ laxity in implementing stringent energy efficiency policies, and major structural factors, such as higher consumer demand for bigger cars and fall in vehicle occupancy rates, coupled with increased consumer preference for larger residential spaces.
ABB Ltd.AecomArchibus Inc.Autodesk Inc.C3 EnergyCascade Energy Inc.Cypress EnvirosystemsEaton Corporation PlcEmerson Electric CompanyENERGYaiEnerNOC Inc.General Electric CompanyGridPoint Inc.Honeywell International, Inc.IBM Corp.Lightapp TechnologiesMitsubishi Electric Corp.Opto22Panoramic PowerRockwell Automation Inc.SAP SESchneider Electric SESetpoint Systems CorporationSiemens AGTrane Inc.Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001


(GlobeNewsWire)

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