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The LAMEA Energy Tracking and Monitoring System Market Size is estimated to witness a growth rate of 13.9% CAGR during the forecast period.
Energy tracking and monitoring market in LAMEA region is majorly dominated by Brazil, Argentina and major Middle East countries. South Africa is expected drive the adoption of energy tracking and monitoring solution in African region. In Brazil, more than 80% of electricity is generated through hydropower, hence limiting the growth of energy tracking and monitoring solution in the country. Global pressure for reducing greenhouse gas emissions would also increase the overall adoption of energy tracking and monitoring solution in the Latin American region. In recent years, rapid increase in industrialization and increasing urban population in the Middle Eastern countries has contributed to the overall rise in energy consumption. Several declarations from authorities have emphasized on a steady change towards energy efficiency in this region. Hence, increasing energy cost paired with government initiatives for adoption renewable energy sources would drive the market for energy tracking and monitoring in this region.
The report segments the LAMEA Energy tracking and monitoring market by type, application, end-user and region. By type, the market is segmented into home energy tracking and monitoring, building energy tracking and monitoring and industrial energy tracking and monitoring systems. Industrial Energy tracking and monitoring system dominated the market in 2014. Home Energy tracking and monitoring segment however is expected to register the highest CAGR during the forecast period. Power and energy, manufacturing, IT and telecom, retail, healthcare and others such as educational institutions and residential buildings are the major application areas of Energy tracking and monitoring. Power and energy was the highest revenue generating application segment in the market. Based on end-user, the study analyses the LAMEA market into residential and commercial sector.
The report also highlights the market of energy tracking and monitoring systems across different countries which include Brazil,Argentina,UAE,Saudi Arabia,South Africa,Nigeria,Rest of LAMEA.The report covers the analysis of key stake holders of the energy tracking and monitoring system market. Key companies profiled in the report include Schneider Electric SE, Honeywell International, Inc., Johnson Controls, Inc., Siemens AG, C3 IoT, General Electric Company and others.