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The global energy management systems market is expected to grow at a CAGR of 14.2% to reach USD 75.0 billion by 2027, from an estimated USD 38.6 billion in 2022. The growth of the energy management systems market is proportional to the installation of smart grids and smart meters.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Albemarle Corp., BEACON ORGANOSYS, Gulf Resources Inc., Honeywell International Inc., Israel Chemicals Ltd., LANXESS AG, Pacific Organics Pvt. Ltd., Perekop bromine, TETRA Technologies Inc., and Tosoh Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The growth of the oil and gas industry has been instrumental in driving the growth of the global bromine market. However, fluctuation in the prices of crude oil might hamper the market growth.
Brent oil topped $70 a barrel with optimism building about the demand outlook in key regions such as the U.S., and on signs that a glut built up last year has been whittled away. The global benchmark added as much as 1.1% reaching its highest since March 8, while U.S. crude futures briefly topped $67 a barrel. The global benchmark hasn't had a sustained period above $70 since 2019.
Business operations and climate change have a complicated connection. Nevertheless, this can still be resolved. “The massive developments in business have benefited people greatly, but at the same time, they have come with a price: increasing the rate of climate change,” Talal Rafi, a World Bank Global Youth Climate Network Ambassador on Climate Change, wrote on Forbes.
Asset Guardian Solutions Limited (AGSL) announced substantial growth and business momentum for the Asset Guardian solution, after a continued string of successful customer wins throughout global industries, with newly formed solution partnerships and employee growth. The growth in 2021 included a 50% increase in annual turnover due to global demand for its Enterprise Solution