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Technavio Releases Market Projections for the Global Energy Management System Market in the Industrial Sector 2015-2019Technavio has published a new report on the global energy management system market in the industrial sector, which is expected to grow at a CAGR of 13.3% from 2015-2019. According to the latest report by Technavio, the demand for electricity has increased steadily worldwide. It has become imperative to reduce energy consumption to counter the rapid depletion of energy sources worldwide, and industrial energy management systems play a major role in reducing energy consumption across industries. "Manufacturing and process industries are responsible for the majority of energy consumption globally, accounting for close to one third of the total energy consumption worldwide," says Faisal Ghaus, Vice President of Technavio. The new Technavio report also draws attention towards development of user-friendly programming platforms as a key trend to watch in the market. Technological advances are improving poduct quality and leading to more user-friendly designs. These designs do not require any programming experience and require less labor and time to operate, which reduces maintenance and service costs. "The Envision project by Philips (News - Alert) involved the development of user-friendly Envision software, supported by an app that provides solutions tailored to each customer's requirements," says Ghaus. Technavio currently has more than 3000 market research reports on a huge range of topics, including:
About Technavio Technavio is a leading global technology research and advisory company. Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users. If you are interested in more information, please contact our media team at [email protected].
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