Tuesday, 13 September 2022 06:50 AM
Company Update
North America holds a significant market share in the Energy Portfolio Management market. The region is expected to surge at over 32.6% share in 2022 and is projected to maintain its lead over the forecast period due to rising energy prices and contracting operational budgets of the hospitals. European Union is promoting various energy efficiency measures and standards, accelerating the demand for power management systems across Europe.
NEWARK, DE / ACCESSWIRE / September 13, 2022 / The global energy portfolio management market is projected to reach a valuation of US$ 11,569 Mn in 2032, with the demand growing at a prolific CAGR of 12.4% over the forecast period of 2022 to 2032. Valued at an estimated US$ 3,579 Mn in 2022, the energy portfolio management market is fueled by the accelerated adoption of smart meters and smart grid worldwide.
Energy portfolio management, an integrated platform, supports utilities and market operators, helping them to examine and decide on critical energy investments and support operations across planning, forecasting, trading, and grid operating decisions. The rapid advances in digital technology and their utilization in the energy management process optimize the entire procedure by permitting the connection and coordination of all the networks' equipment and devices. This will have a long-lasting positive impact on the energy portfolio management market.
Request a Sample PDF@ https://www.futuremarketinsights.com/reports/sample/rep-gb-5537
Furthermore, the escalating demand for energy monitoring systems in residential and industrial sectors will be a primary growth driver for the Energy Portfolio Management market over the projected period. Due to rising concern for the environment and growing sustainable living trends, the focus on energy saving by reducing excessive consumption, as well as an emphasis on energy management, and energy monitoring have also increased. This factor induces governments across the world to adopt energy portfolio management.
Additionally, the implementation of stringent government regulations on limiting the wastage of energy and promoting efficient energy management fosters an environment of growth for the target market. Again, the heightened awareness about energy management along with enterprises wanting to gain carbon credits will further propel the demand for Energy Portfolio Management solutions. All these factors are spearheading the growth of the market during the forecast period.
Though the energy portfolio management market is looking forward to bright future prospects, the target market is not without its challenges. A serious lack of awareness of the product and its advantages coupled with high installation costs may stunt the overall market growth during the assessment period.
Request for Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-5537
"Increasing adoption of smart grids in the residential and industrial sector is expected to bolster the market growth of energy portfolio management over the forecast period," says an FMI analyst.
Key Takeaways:
- A lack of awareness about the benefits of the product may hamper the market growth.
- In 2022, North America is expected to account for 32.6% of the market share.
- Europe will register substantial market growth over the forecast period.
- Based on the end-user, the industrial segment will account for the highest growth rate over the forecast period.
Competitive Landscape
Eaton Corporation PLC, ABB Ltd., Siemens AG, Schneider Electric, International Business Machines Corporation, C.A. Technologies, SAP SE, Emerson Electric Co., Honeywell International Inc., Watchwire, and others are some of the major players in the energy portfolio management market profiled in the full version of the report.
Major market players are focusing on tactics like mergers and acquisitions with other enterprises to strengthen their market presence. These businesses are also concentrating on product development and product portfolio expansion to gain a competitive advantage.
Ask an Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-5537
Key Segments Covered In the Industry Analysis
By End User:
- Residential
- Industrial
- Commercial
By Deployment:
- Cloud
- On-premises
By Region:
- North America
- Latin America
- Europe
- Asia Pacific Energy
- The Middle East & Africa
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
4. Global Energy Portfolio Management Market Analysis 2016-2021 and Forecast, 2022-2032
More Insights into Energy Portfolio Management Market Report
In its latest report, FMI offers an unbiased analysis of the global energy portfolio management market, providing historical data from 2017 to 2021 and forecast statistics for 2022 to 2032. To understand the global market potential, growth, and scope, the market is segmented based on end-user (residential, industrial, commercial), deployment (cloud, on-premises), and region.
According to the latest FMI reports, based on region, the energy portfolio management market in North America is expected to thrive over the forecast period. The market is predicted to account for a 32.6% market share in 2022. The increasing energy prices along with contracting operational budgets of hospitals will likely drive the market growth during this period of observation.
The energy portfolio management market in Europe is expected to account for 20.6% of the total market share. Elevated demand for smart grid solutions along with the promotion of various energy efficiency measures by the European Union is anticipated to drive the market growth of this region.
Based on segmentation, based on end-user, the industrial subsegment is expected to dominate the market over the forecast period.
Have a Look at Related Reports of Technology Domain
Telecom Order Management Market Share: Newly released Telecom Order Management Market analysis report by Future Market Insights shows that global sales of Telecom Order Management Market in 2016 was held at US$ 1.9 Bn. With 7.9% projected growth during 2022 - 2032, the market is expected to reach a valuation of US$ 6.6 Bn by 2032.
Survey and Feedback Management Software Market Size: The survey and feedback management software market is garnering substantial momentum and is anticipated to record a CAGR of 16.5% during the forecast period.
Advanced Distribution Management Systems Market Trends: Global sales of advanced distribution management systems market stood at around US$ 2,872.0 Mn in 2021, and is slated to increase at a CAGR of 20.0% to reach a valuation of US$ 12,102.0 Mn by 2029.
Enterprise Asset Management Market Outlook: The global enterprise asset management market is estimated at US$ 3.21 Bn in 2022, and is predicted to close in on a valuation of US$ 4.86 Bn by 2028, surging ahead at a CAGR of 7.1% from 2022 to 2028.
Battlefield Management Systems Market Demand: Rising need to reduce friendly fire, improve military troop efficiency and security of military troops worldwide are some of the factors supporting the growth of BMS market.
About Future Market Insights, Inc.
Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware - 19713, USA
T: +1-845-579-5705
For Sales Enquiries: [email protected]
Browse latest Market Reports: https://www.futuremarketinsights.com/reports
SOURCE: Future Market Insights Inc.