The market for Building Energy Management Systems (BEMS) Market is expected to reach USD$ XX in 2025.
The growing electricity prices and the consequent need for managing and controlling electricity consumption, especially among high-tension electricity consumers, including commercial buildings, government buildings, and manufacturing facilities, are identified as the major factors driving the building energy management systems (BEMS) market. In addition to soaring electricity prices and the consequent need to manage electricity consumption optimally, market growth will be fueled by stringent regulations and policies that promote energy conservation.
The emergence of the Internet of Things has made optimum energy management available to a wider audience, thereby benefiting market demand. These factors are expected to contribute to a compounded annual growth rate (CAGR) of 14.3% during the forecast period of 2017–2025. The BEMS manufacturers are especially targeting smaller facilities over big buildings, which is a sizeable and untapped market with latent potential.
By Component
By Region
The research study titled "Global Building Energy Management System (BEMS) Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" offers strategic insights into the global building energy management system market along with the market size and estimates for the duration of 2015–2025. The said research study covers an in-depth analysis of market segments based on component, end-use application, and cross-sectional study across different geographies and sub-geographical regions. The study covers the comparative analysis of different segments for the years 2016 and 2025. The report also provides a prolific view of market dynamics, such as market drivers, restraints, and opportunities. In addition, the report includes a section providing insights into the key trends followed in the market.
The report also includes competitive profiling of the leading kiosk vendors, their business strategy analysis, market positioning, and key developments to assist strategic decision-makers.Some of the major players profiled in the report are Honeywell International, Inc., General Electric Company, Schneider Electric SE, Johnson Controls, Inc., Siemens AG, Rockwell Automation, Inc., Emerson Electric Company, Eaton Corporation Plc, C3 Energy, ABB Group, EnerNOC, Inc., and BuildingIQ, Inc., among others. Apart from the company profiles, the report includes a section covering the competitive landscape, wherein the market positioning of the companies is discussed. The section also provides an overview of the key business strategies employed by the leading market participants.
Overall, the research study provides a holistic view of the global building energy management system market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.
As of 2016, the global building energy management system market was dominated by the commercial end-use segment. The segment accounted for over one-third of the overall market revenue in the same year. The dominance of this segment is presumed to continue over the forecast period of 2017–2025. The economic development leading to a rise in the number of commercial spaces coupled with the growing need to monitor, control, and manage energy costs is driving demand for BEMS solutions in the commercial segment. Industries, including industrial manufacturing and processing, are among the major electricity consumers and account for over 33% of electricity consumption worldwide. In addition to the spike in electricity prices, the heightened use of energy is elevating the carbon footprint of these industries, and consequently, the demand for optimum energy management is driving demand for energy management solutions across manufacturing facilities.
As of 2016, North America (comprising the U.S. and Canada) along with Europe represented the two major building energy systems (BEMS) markets in terms of both revenue and volume. The regions collectively acquired over 70 percent of the global market revenue share in 2016. The demand for building energy management systems in North America can be largely attributed to the high penetration of state-of-the-art energy technologies and the wide-scale deployment of demand response programs in the region. On the other hand, escalating gas and electricity prices, aggressive environmental directives, and heightened investment in energy efficiency are propelling demand for energy management solutions in Europe. Asia Pacific is expected to witness maximum growth, primarily on account of rapid growth in industrialization, growing interest in green technologies, and a desire among consumers to manage electricity consumption.
The market for Building Energy Management Systems (BEMS) Market is expected to reach USD$ XX in 2025.
The Building Energy Management Systems (BEMS) Market is expected to see significant CAGR growth over the coming years, at 14.3%.
The report is forecasted from 2017-2025.
The base year of this report is 2016.
Honeywell International, Inc., General Electric Company, Schneider Electric SE, Johnson Controls, Inc.are some of the major players in the global market.