'Energy Management Systems' is the concept that will be explained in this post. So what does this term means? Its very obvious from the name of this concept that it belongs to the Electrical Engineering field. Still, what does this terminology mean in electrical engineering? what does it mean in the IT sector? To obtain answer for this question, lets proceed further.
As the name describes, 'Energy Management System' is a system designed for the management of the energy. But these layman's words aren't enough to define this technical concept. So, lets dive in the core details of 'Energy Management Systems'.
Before moving on to 'Energy Management Systems' (abbreviated as 'EMS'), lets first focus on Energy Management. Energy Management is a term which conveys a lot of meanings depending on various perspectives. With respect to EMS, energy management basically refers to the management of energy in business sectors, corporate sectors, government organisations, homes etc. with the purpose of energy conservation (saving energy), cost reduction and atmospheric protection.
Now, lets move forward to the concept of EMS. According to the Wikipedia, Energy Management Systems is a system of computer-aided tools used by operators of electric utility grids to monitor, control and optimize the performance of the generation &/or transmission systems. I know these are heavy words to digest. This definition of EMS on the general platform or to be more specific, its on the basis of electrical or power engineering platform . But if we focus on Information technology domain, EMS has different significance. According to the Marketsandmarkets, EMS is a turn key solution comprising of software and related hardware along with communication systems for improving energy efficiency.
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Lets focus on its market scenario. According to Marketsandmarkets, the global 'Energy Management Systems' is estimated to grow from $17.4 billion in 2013 to $38.49 billion in 2018 at a Compound Annual Growth rate (CAGR) of 17.2% from 2013 to 2018. This obviously replicates a good scope of market growth in this segment. Here is the link if anyone is interested in the market report:-
Great Elucidation....Keep it up
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