Industrial Energy Management Systems market to reach USD22.5bn by 2020 predicts Navigant
Industrial energy management systems, which comprise software, upfront services, and ongoing monitoring and management, enable industrial companies to advance their initiatives with regard to cost reduction and improved efficiency. IEMSs require detailed knowledge of ongoing energy use patterns and present and future energy consumption requirements, as well as the internal capability to act on that data. Navigant Research sees IEMS implementation becoming increasingly critical to and industrial company understanding its energy performance.
“Energy usage is now considered an important data source that can be combined with other business intelligence to provide a more holistic and complete
picture of overall business performance,” says Eric Woods, research director with Navigant Research. “An IEMS enables companies to bring information and knowledge of all aspects of energy-related matters into the present, where cost-effective tactics can be employed before high charges or inefficient usage occurs.”
The depth of the capabilities of IEMS solutions can vary widely, the study concludes. Some IEMSs are passive and perform only a monitoring and analysis function. Other systems are designed to be active, with the ability to control portions of the industrial processes that they monitor. Although an IEMS rarely controls all or even major portions of an industrial process, it can provide significant input into the control processes themselves.
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