TechNavio recognizes the following companies as the key players in Global Energy Management Information System Market: ABB Group, Siemens AG, Schneider Electric SA, and Honeywell International Inc.
Commenting on the report, an analyst from TechNavio’s team said: “At present, most of the operations in any business are automated, where computer technology is used to ease the work. Now, even in the Energy industry the reliance on computer technology has increased. Currently, the Energy industry, which includes usage of computer technology and software to manage power plants and factories, requires EMIS to enable monitoring and control of the systems in order to manage the energy usage of the industries and power plants. Personal computers are also being used for EMIS applications such as in supervisory control and data acquisition purposes. Thus, increased usage of computer technology is driving the growth of the Global EMIS market as integration of EMIS in computers is necessary for better management of the energy usage.”
According to the report, one of the major drivers in this market is the emergence of the Process Automation industry. This industry includes various components such as hardware and software which reduce human intervention for efficient functioning. This in turn increases the need for saving energy and the use of various energy management technologies. As a result, the growth of the Process Automation industry is in turn increasing the growth of the Global EMIS market.
Further, the report states that one of the major challenges in this market is the increased exposure to cyber-attacks. As an EMIS includes networking and interconnection of hardware and software, the scope of a virus attack increases significantly. This could have a slight negative impact on the growth of the Global EMIS market in the near future.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-energy-management-information-sys…
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/energy
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TechNavio Announces the Publication of its Research Report – Global Energy Management Information System Market 2014-2018
