Energy Portfolio Management Market: Introduction
Energy Portfolio Management enables a complete offering related to the advisory, software applications, and information, which assists in energy market associated vendors to measure infrastructure investments, for instance, transmission lines and new power stations and also provide important data, which is relevant running energy systems operations.
Energy Portfolio Management Market: Drivers and Restraints
Owing to increasing awareness about energy management, coupled with the company are focussing on gaining carbon credits, which is together anticipated to drive the demand for Energy Portfolio Management solution. Further owing to strict government regulation on limiting the wastage of energy and to promote efficient energy management is the drivers piloting the growth of the market, during the forecast period.
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The need for reduce the excessive consumption of energy, energy management and monitoring are the two major factor, which are into consideration by government, with increasing demand for energy monitoring system at industrial and residential sector are crucial factors driving the growth of noise monitoring device market. However, the lack enforcement of proper law implementation in emerging economies are the major factor restraining the growth of the energy portfolio management market.
Global Energy Portfolio Management Market: Market Segmentation
Global Energy Portfolio Management Market can be divided into three segments, on the basis of end-user, deployment, and region.
Segmentation on the basis of the end-user for Energy Portfolio Management Market as:-
The major segments of Energy Portfolio Management Market on the basis of the end-user include Residential, Industrial and Commercial.
Segmentation on the basis of the deployment for Energy Portfolio Management Market as:-
The major segments of Energy Portfolio Management Market on the basis of the deployment include deployment On cloud and On-premises.
Global Energy Portfolio Management Market: Competitive Landscape
The major player operating in Energy Portfolio Management Market includes Eaton Corporation PLC, ABB Ltd., Siemens AG, Schneider Electric, International Business Machines Corporation, C.A Technologies, SAP SE, Emerson Electric Co., and Honeywell International Inc.
In March 2017, an energy management solution provider ABB Ltd. introduced ABB Ability which assists in industry portfolio management of digital solutions.
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Global Energy Portfolio Management Market: Regional Trend
Stricken government regulation to promote efficient energy management in North America and Western, owing to which the demand for better energy portfolio management solution is anticipated to increase, due to which, the North America and Western Europe are anticipated to showcase significant growth rate with respect to the Energy Portfolio Management market in forthcoming years.
Also, Asia Pacific region is inclining towards the adoption of sustainable energy management system, which is why, the demand for Energy Portfolio Management are anticipated to surge during the forecast period, in the respective region.