NewEnergyNews More: EFFICIENCY FOR INDUSTRY

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  • Tuesday, November 1, 2011

    EFFICIENCY FOR INDUSTRY

    Energy Management Systems for Industrial Markets; Market Forces, Competitive Landscape, and Market Forecasts for Industrial Energy Management Software and Services in the United States
    Thomas J. Machinchick and Clint Wheelock, 4Q 2011 (Pike Research)

    "Energy management has been applied in the industrial and manufacturing sector for quite some time, but the industry is now entering a dynamic period of renewal and innovation. New technologies available today are allowing greater insight into energy procurement, energy use, and the management of energy as an input to the industrial process…

    "…[C]ustomers, the general public, investors, shareholders, the supply chain, and other stakeholders are significantly influencing how the competitive landscape in the industrial sector will play out in the medium to long term. There is a definite shift taking place in the way industrial companies view energy procurement and use internally, and how its management and use is perceived externally..."


    click to enlarge

    "The U.S. energy management market offers significant prospects for both software and service vendors. There is a strong and growing need for assistance in putting programs in place to understand and manage an industrial facility’s energy consumption patterns. Pike Research projects demand for these products and services will increase rapidly…

    "Energy management software and services spending in the industrial sector is forecast to reach $960 million in 2011 and over $5.5 billion in 2020. We estimate that the compound annual growth rate (CAGR) from 2011 to 2020 will be over 21%, with growth in the early years of the forecast period being significantly higher…"

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