The Energy Trading & Risk Management (ETRM) Market has seen good growth in 2014 and expected to continue the same trend
during the period 2014-2015, According to Publisher, a market intelligence
company. While the market as a whole has been growing at a good rate, it has
been the SAAS(software as a service) which has grown most impressively compared
to other segments like vendor license, vendor services, vendor S&M, third
party implementation, on-vendor solution. The Global Energy Trading & Risk
Management (ETRM) is expected to reach $1,140.1 million by the end of 2015
growing at 2.2% from (2014 - 2015).
“The market is largely driven by the key verticals such as power, natural gas,
oil and products, natural gas liquids and coal”. The Global Energy Trading
& Risk Management (ETRM) market penetration in Natural Gas & Oil
Products is expected to be more than 55% by the end of 2015. The increased
amount of trading in Oil & Products sector are expected to drive the Global
ETRM market from (2015-2020).
The key trends in the Global ETRM market includes a system that can store and
manage huge quantities of structured and unstructured data, a system that
ensures compliance with numerous new regulatory requirements, a system that
helps to reduce costs, increase efficiency and maximize profits.
Essential Take-Away:
- The power industry segment is the
largest segment among the global ETRM market with a market share of 30.8%
followed by the natural gas and oil & products segments with a share of
29.3% and 26.3% respectively.
- The oil & products segment expected grow
at a CAGR of 8.5% during the period 2015-2020.
- The global ETRM market is expected to reach
$1,351.6 million by 2020.