Energy Management Systems - Revved Up By Focus On Energy Conservation

Posted On Sep, 05, 2018

Energy conservation takes the center stage in a globalized world, characterized by dwindling resources and ever-increasing demand for energy. In simple terms, energy management aims at controlling and reducing energy usage. Energy management system (EMS) refers to a framework comprising computer-based tools that are used by electric grid operators.

Energy Management Systems (EMS) Market

These computer-aided tools enable operators to optimize, control, and monitor the workings of transmission or generation systems. Energy management at organizational levels helps in reducing costs, minimizing carbon emissions, and balancing price fluctuations. This is a key factor that is gradually escalating the popularity of EMSs.

What is SCADA?

Supervisory Control and Data Acquisition, commonly known as SCADA is a software application program that procures real-time information from remote locations for controlling operational conditions & equipment. SCADA systems encompass hardware and software elements that gather, process, and record data. SCADA/EMS is used in telecommunications, gas & oil refining, waste & water management, and also in transportation.

The application of SCADA in electric power grids leads to better operational security, optimum energy consumption, reduced transmission loss, and enhanced service reliability. This application ensures the uninterrupted power flow against varying current. Organizations employing SCADA/EMS can effectively control devices; such as motors, pumps, and valves via human-machine interface (HMI) software.

Siemens’s Innovation Could Benefit the U.S. Food Industry

Fast food restaurants, departmental stores, and supermarkets have numerous outlets that have similar chain-wide energy requirements. Such outlets can benefit immensely from automated EMSs. Siemens has developed an EMS framework that effectively refines operations and harvests data across nearly 1, 500 ALDI outlets in the U.S. ALDI is a Germany based supermarket chain that has its outlets in over 18 countries.

EMSs are especially beneficial for the U.S. market where, according to the Environmental Protection Agency, almost 30% of the energy in commercial buildings gets wasted. Siemens, has thus designed sensors that continuously monitor the performance of energy-based equipment ranging from lighting and HVAC to walk-in refrigerators.

Commercialization to Propel Market Demand

Pushed by innovations, the global energy management systems market is anticipated to reach USD 72.7 billion by 2024. Demand for reliable IT platforms for optimizing, controlling, and monitoring available resources can boost industry demand. Technological advancements in SCADA and commercialization of novel products will fuel investments in the forecast period (2016-2024).

Prominent companies operating in the global market are Johnson Controls Inc.; GridPoint Inc.; C3 Energy, and GE. Schneider Electrical, Siemens, and Honeywell are the three leading companies holding majority shares.

  In-depth research report by Grand View Research, Inc. :

Energy Management Systems (EMS) Market Analysis And Segment Forecasts To 2024

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