Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

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Report Code ER1005
Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
Building Energy Management System Market
Outlook Building energy management system
enables the large corporations and buildings to
monitor their energy consumptions and further
control and manage it, in order to achieve
efficiency goals by using advanced energy usage
control techniques. The world is facing huge
challenge regarding the current energy
consumption rates and the rising carbon producing
fuel sources which is causing significant harm to
the environment. According to US Department of
Energy (DOE), commercial building consume almost
20 of the energy produced in Unites States,
while both commercial and residential buildings
produce about 38 of the greenhouse gas
emissions. Additionally, buildings consume over
70 of electricity produced in the U.S.
Executives have varied choices o reduce the
energy consumption of their buildings. Buildings
can be designed and constructed more efficiently
to the outset to reduce energy consumption, but
these opportunities are limited as existing
infrastructure primarily focused on software
based solutions to ensure infrastructure runs
more efficiently and requires minimal capital
investments as compared to the retrofitting
projects of existing infrastructure. Mostly
Building energy management system market players
focus on HVAC (heating, ventilation and air
conditioning) equipments to reduce the
unnecessary energy consumptions as these
equipments are highly energy consuming and
sometimes running on full capacity during the
period when building is largely unoccupied. For
instance, Intel and Daikin Applied have teamed up
to introduce solutions for HVAC management. The
intelligent HVAC control system utilizes IoT to
remotely monitor and control HVAC systems using
any mobile device.
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis

• Market Segmentation
• By Component Type
• Communication Networks
• Software
• Hardware
• Control Systems
• Sensors
• Other
• By End Users
• Commercial
• Residential
• Industrial
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  system-market-outlook-2024-global-opportunity-and-
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis

• Based on Geography
• North America (US, Canada) Market Share (),
  Market Size (USD Billion), Adoption Rate ()
• Europe (UK, France, Italy, Germany, Spain,
  Hungary, Sweden, Russia, Poland and Rest of
  Europe) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Middle East and Africa (GCC Countries, North
  Africa, South Africa and Rest of Middle East
  Africa) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Latin America (Brazil, Mexico and Rest of Latin
  America) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Asia Pacific (China, Japan, India, Singapore,
  South Korea, Australia, New Zealand and Rest of
  Asia-Pacific) Market Share (), Market Size (USD
  Billion), Adoption Rate ()
• Rest of the World Market Share (), Market Size
  (USD Billion), Adoption Rate ()
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  ket-outlook-2024-global-opportunity-and-demand-ana
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
Market Size and Forecast (2016-2024) The global
building energy management system market
accounted for USD 2.8 billion in 2016 and
expected to reach USD 9.2 billion by the end of
forecast period i.e. 2024. Further the market is
anticipated to expand at compound annual growth
rate of 16.0 over the forecast period i.e.
2016-2024. Geographically, North America and
Europe is likely to leading building energy
management system demand. North America,
accounted for the highest revenue share of more
than 30 in global building energy management
system market owing to large scale adoption by
the U.S government of BEMS in government
institutes and buildings. For instance, State of
Massachusetts invested in an EnerNOC building
energy management system in 2010 to reduce energy
cost at 470 state buildings, with annual savings
of USD 10 million or 10 to 15 reduction in
energy usage. North America region is closely
followed by Europe with 28 revenue share in
global market. BEMS market growth in Europe is
particularly high in countries such as Germany,
France and U.K among other European countries
owing to rising smart grid services and demand
for high energy efficient products. Asia Pacific
region showcase huge growth potential growth
owing to significant economic growth and a
gradual shift toward service based economies.
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
Building energy management system market is
majorly driven by the government stringent
regulatory pressure to minimize the energy
consumption and its wastage in buildings. On the
other hand, rising energy prices has
significantly fostered the need for efficient
management of energy costs in buildings with both
residential and commercial facilities. The
internet of things has significantly gained
traction in past few years in the building energy
management system market. Low cost sensors,
controllers and secure communication networks are
converting the data centre of the commercial
building into a data-rich network for business
improvement. The best way to lower down the
operating costs is to consume less energy.
Intelligent building automation for energy
management can drastically reduce the energy
consumption by as much as 30 percent. Moreover,
many tech giants and electronics companies are
collaborating in order to lead the energy
management market and to explore the untapped
market opportunities. For instance, Panasonic
Corporation and Schneider Electric collaborated
in 2016 to provide integrated HVAC equipment and
building management solutions to bring new levels
of HVAC and energy efficiency in commercial
buildings. Global building energy management
system market size is anticipated to reach USD
9.2 Billion by the end of 2024 expanding at a
CAGR of 16 over the forecast period. Korea
acquired an upper hand in Asia Pacific building
energy management system market. This can be
attributed towards rapidly growing
industrialization in the region. In Asia Pacific
region building energy management system market
generated about 40 of the energy management
system market in 2016, and expected to grow
significantly owing to the rising adoption in
various sectors such as Telecom IT, Healthcare
and manufacturing sector.
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis

• Scope Background
•  Market Synopsis
•  
• Market Segmentation
•  
• Global building energy management system market
  segmentation as follows
• By Component Type (Market Size, Demand Analysis
  and Growth Analysis)
• By End Users Type (Market Size, Demand Analysis
  and Growth Analysis)
• By Country
• North America (U.S., Canada) Market Size, Growth
  Analysis and Opportunity Analysis
• Latin America (Argentina, Mexico, Brazil and Rest
  of Latin America) Market Size, Growth Analysis
  and Opportunity Analysis
• Europe (Germany, Italy, Spain, France, The U.K.,
  Netherlands, Sweden, Hungary, Russia, Poland,
  Rest of Europe) Market Size, Growth Analysis and
  Opportunity Analysis
• Asia-Pacific (China, India, Singapore, Japan,
  Australia, New Zealand, South Korea and Rest of
  Asia Pacific) Market Size, Growth Analysis and
  Opportunity Analysis
• Middle East and North Africa (MENA) Market Size,
  Growth Analysis and Opportunity Analysis
• Rest of World  Market Size, Growth Analysis and
  Opportunity Analysis

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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis

• Market Dynamics Growth Drivers, Restraints and
  Opportunities
• Risk Factors
• Regional Variations
• Recent Trends and Developments
• Key Market Players
• Synopsis
• Business Strategy
• Product Portfolio
• SWOT Analysis
• Porters Five Force Model
• Market Landscape Competition and Beyond
• Market outlook for business players and entry
  level players to ascertain their business in
  dynamic ecosystem
• Expert Analysis
• Concluding Remarks

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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
About Goldstein Research Based in U.S., Goldstein
Research is a young business consulting and
market research firm with vast reach across
America, Asia and parts of Europe and the Middle
East. In the next five years, we strive to
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brand. Our mission is simple to develop
insightful business solutions, help our clients
make powerful future decisions to keep them well
ahead of the game which is the market, and leave
a mark across businesses and communities through
our well-defined ideas and clear cut forecasts.
Our mission is simple to develop insightful
business solutions, help our clients make
powerful future decisions to keep them well ahead
of the game which is the market, and leave a mark
across businesses and communities through our
well-defined ideas and clear cut forecasts.
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
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Building Energy Management System Market Outlook
2016-2024 Insights, Trends, Demand
Competitors Analysis
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