Dive Brief:

• The global energy management system (EMS) market is forecasted to grow about 17% annually over the next five years, from $17.4 billion in 2013 to nearly $38.5 billion in 2018, according to a new report by Research and Markets.
• The report projects the segment’s growth as enterprises around the globe seek to manage costs. Capital expenditures for generation and transmission assets must be delayed, so operational costs must be cut and efficiency gains must be maximized.
• The sector has gotten the attention of major vendors and includes companies such as GE, Siemens, Schneider, Cisco, IBM and Honeywell.

Dive Insight:

A highly fragmented market may develop more slowly than it otherwise might, given the difficult economic climate that may stifle investment. A strong helping hand from government might also be needed, which may not be forthcoming, as even a rather benign energy efficiency bill is stifled in Congress during the ongoing budget battles.