Asia-pacific Energy Management Systems Market Forecast 2022-2030

Asia-pacific Energy Management Systems Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific energy management systems market is projected to grow with a CAGR of 17.23% during the forecast period of 2022 to 2030. The market growth of the region is fueled by the growing concerns associated with energy efficiency, the increasing emphasis on the reduction of energy costs, and the rapidly emerging rate of industrialization.

MARKET INSIGHTS

The Asia-Pacific energy management systems market growth analysis includes the study of Japan, Singapore, Thailand, Indonesia, South Korea, India, Australia & New Zealand, China, and Rest of Asia-Pacific. Government policies and initiatives, coupled with the promotion of smart as well as low-carbon industrial complexes, are expected to boost the demand for energy management systems in South Korea. Moreover, as per the International Energy Agency (IEA), the nation committed to limit its emissions to 536 million tonnes of carbon dioxide equivalent in 2030, compared to 709 Mt in 2018, under the Paris Agreement. Furthermore, in 2015, Korea also introduced a nationwide Emission Trading System for the reduction of emissions.

On the other hand, owing to the rapid urban expansion, the increasing electricity demand, the growing transport sector, high appliance ownership, and the expanding building floor area, the need to efficiently manage energy is crucial in Indonesia. Furthermore, key factors like rising electricity prices, the growing economy, as well as government programs for achieving energy efficiency are pivotal to the growth of the energy management systems market in the region during the forecast period.

COMPETITIVE INSIGHTS

Key companies operating in the market are Mitsubishi Corporation, Electronic Automation Pvt Ltd, Venlite Energy Limited, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation caters to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments