Product ID: UCMIG45K2064
Report ID:
UCMIG45K2064 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Anticipated between 2023 and 2028, the market for global energy management systems is projected to increase from an approximate value of USD 40.7 billion in 2023 to USD 75.6 billion by 2028, reflecting a compound annual growth rate (CAGR) of 13.2%. Numerous legislations and directives focused on diminishing energy usage and promoting knowledge about energy preservation have been put into effect by various regional governments on a global scale. These actions aim to foster energy efficiency and sustainability across different sectors.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Electronic Components by segment aggregation, the contribution of the Electronic Components in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG45K2064