Manufacturing Machinery and Process Equipment
The U.S. market for sales of industrial energy management system software and services reached $960 million in 2011, and is estimated to be more than $1.2 billion in 2012.
The machinery that carries out industrial processes, from molding automobile components to assembling computer chips, accounts for approximately 20% of energy consumed in the United States. Sales of Energy Management Systems (EMS), a small but important product category of the overall Manufacturing Machinery and Process Equipment subsegment, is the only measure of revenue provided here. An enterprise-wide EMS consists of energy measurement infrastructure (meters and submeters) connected to an energy management “intelligence” component that includes a communications network, computer hardware, and the energy management software. This system facilitates the monitoring of energy consumption and provides information to the facility’s management so that they can make informed decisions from both an operational and financial perspective. The U.S. market for sales of industrial energy management system software and services reached $960 million in 2011, and is estimated to be more than $1.2 billion in 2012. As the economy recovers, capital spending by industrial and manufacturing companies is rising, as is capacity utilization. Although not quite up to pre-recession levels, these numbers reflect industry’s willingness to look to the future with regard to plant refits and systems and equipment upgrades in order to prepare for future growth opportunities.
gross domestic product
The Manufacturing Machinery and Process Equipment subsegment contributed $1.6 billion in increased U.S. GDP in 2011.
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