United States Energy Management Systems Market Forecast 2022-2028

United States Energy Management Systems Market Forecast 2022-2028

KEY FINDINGS

The United States energy management systems market is set to rise with a CAGR of 15.45% across the forecasting years, 2022 to 2028. Key factors propelling the market growth of the country include the increasing demand for smart grids and smart meters, the implementation of key policy directives, the high rates of energy consumption, especially in the residential, industrial, and commercial sectors, as well as stringent regulations.

MARKET INSIGHTS

The National Action Plan for Energy Efficiency, a private-public initiative, was implemented in the United States in order to make a national commitment to energy efficiency. It is characterized by collective efforts of gas and electric utilities, regulators, as well as other partner organizations

On the other hand, the United States is also one of the largest primary energy consumers in the world. This factor plays a pivotal role in fueling the need for implementing energy efficiency measures, thus consequently promoting energy conservation. The country’s transportation and industrial sector consume the highest amounts of energy, followed by the residential and commercial sectors. Moreover, as per International Energy Agency (IEA), in the year 2021, the energy consumption in the transportation sector amounted to 26.89 quadrillions British Thermal Units (Btu), followed by the industrial sector with an energy consumption of more than 25 quadrillions Btu. Therefore, the abovementioned factors are set to facilitate the demand for energy management systems in the United States, thus fueling the country’s notable market growth during the forecast period.

COMPETITIVE INSIGHTS

Honeywell International Inc, IBM Corporation, General Electric Company, etc., are among the key players operating in the market.

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