Title: Building energy management system (BEMS) Market Size, Share Analysis & Industry Forecast 2016-2024
1Global Building Energy Management System Market
Outlook
Global Building Energy Management System Market
Outlook 2024 Opportunity Growth Analysis,
2016-2024
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2Global Building Energy Management System Market
Outlook
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Global Building Energy Management System Market
Share(), By Geography -2016-2024
Global Building Energy Management System (BEMS)
Market Size USD (Billion). 2016-2024
Sample
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In 2016, Hardware segment accounted for the
highest market share XX in global Building
Energy Management System market
With XX share in 2016, North America dominated
the global Building Energy Management System
market
Global Building Energy Management System Market
Share(), By Component Type -2016
Global Building Energy Management System Market
Share (), By End Users - 2016
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3Global Building Energy Management System Market
Outlook
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- The global market for building energy management
system (BEMS) is estimated to be USD XX billion
in 2016, which is anticipated to reach USD XX
billion by 2024. building energy management
system is a large system with various components
to monitor the energy consumptions and further
control and manage it, in order to achieve
efficiency goals by using advanced energy usage
control techniques.. - The world is faced with the fact that at current
consumption rates, natural resources are becoming
depleted, and the use of carbon producing fuel
sources is causing significant harm to the
environment. With these facts in mind, increasing
attention has been placed on the built
environment for solutions. - According the US Department of Energy (DOE),
commercial buildings consume almost XX of the
energy produced in the US, while both commercial
and residential buildings produce about Xx of
the greenhouse gas emissions. Additionally,
buildings consume over XX of the electricity
produced in the United States. Thus, energy
management is one of the many tools that can be
used to operate buildings more efficiently to
deal with such large consumption and pollution
rates. - Geographic location generally determines climate
related effects on energy consumption. For
example, the extremes of hot summers in southern
locations and cold winters in northern locations
significantly affect a buildings energy spend.
Moreover, having an BEMS for one building is
different than procuring one for a campus or
portfolio of buildings. When more than one
building is involved, it should be a
consideration that the BEMS can roll up and
summarize the data from all sites as well as make
comparisons of individual buildings. - The main issue that needs to be overcome with
regard to increasing the knowledge base of a
buildings energy use is the granularity of the
information that can be gleaned from the various
building automation components. This can be
accomplished through the use of sub meters, or
meters that are placed inside the utility
master meter so that individual pieces of
equipment, buildings, facilities, or departments
can gauge their energy or resource usage.
Functionality of Building Energy Management
System
Sample
Technological Advancements
Cost Efficiency
Environmental Concerns
Global Building Energy Management System Market
Size (USD Billion)
North America
Europe
Asia-Pacific
USD XX Billion
2016
USD XX Billion
USD XX Billion
2024
USD XX Billion
USD XX Billion
USD XX Billion
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4Global Building Energy Management System Market
Size (USD Billion)-2016-2024
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Sample
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- Global Building Energy Management System Market
is anticipated to expand at a compound annual
growth rate of XX during the forecast period
i.e. 2016-2024. BEMS are commonly implemented in
buildings for the management of the energy
facilities and, they could represent up to XX of
the energy savings. The rising concerns over
environmental conservation, adoption of BEMS is
continuously rising. - Commercial Residential Buildings are the
biggest consumer of BEMS market, who consumes
over XX of total energy and the Key areas
focused are HVAC, lighting, Refrigeration and
others. Whereas, consumer electronics (CE) will
account for XX of domestic electricity usage by
2020 due to the fact that electronics must become
more efficient over the forecast period. - Most US home appliance motors have been driven by
inefficient electromechanical control systems,
using up over XX of electricity. Major home
appliances consuming high power are
refrigerators, washers dryers, vacuum cleaners,
air conditioners, gas boilers, dishwashers, pool
pumps, etc. Adding intelligence to motors in
industrial and household appliances requires
accurate system development using graphical
languages from companies such as National
Instruments to model software design from
algorithm to implementation.
5Market Players-2016
Global Building Energy Management System Market
Share () , By Companies, 2016
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Sample
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Global Building Energy Management System Market
Share (), By Geography, 2016
Europe XX
North America XX
Asia Pacific XX
Middle East Africa XX
Latin America XX
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- Government Regulation Impact Over Energy
Conservation BEMS Business Models - The energy sector requires significant long-term
investment to develop the supply and distribution
infrastructure required to provide the energy
services expected by customers both large and
small. This investment is motivated on the basis
of social and economic goals, usually at a
national level and consequently some degree of
risk management is required to ensure the
long-term security of the investment. - Energy regulation is also closely linked to
energy policy, planning and strategies for
implementation. It is also linked to the
financial and economic status of the environment
in which the energy services are provided. This
provides upper hand to the existing market
players to expand new market players to enter
the market.
Building Energy Management System Business Model
U.S. Government Spending in Building Energy
Management System Market, 2013-2018
Sample
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- Impact Analysis-
- Globally, the government regulation have direct
impact on the business model revenue structure
of a market player. More the favorable policies,
more profits the business can expect over a
period of time.
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Technological Threats - Cyber Attacks It is now
recognized that connected buildings are
potentially highly vulnerable to cyber-attack,
the more so because those responsible for
commissioning and running buildings will often
have little experience of the nature of the cyber
threat and how to respond to it. This means that,
while more suppliers are offering solutions to
help protect buildings, the procedures adopted by
building managers will be just as
critical. Smart buildings of today are connected
to a network with IT data centers and remote
access servers used via open protocols. Although
these systems have substantial advantages, they
are also highly susceptible to cyber risks.
Unfortunately, the control systems for heating,
lighting and security in most buildings have
generally not been developed with technology
designed to be connected. In fact,
decision-makers in charge of BMS often consider
the risks of cyber security to be abstract and
irrelevant to their tertiary and therefore,
non-critical installations, unlike with ICS or
smart systems. However, breakdowns due to
equipment failures are not new and these
incidents have already been reported hundreds of
times. Although statistical analyses and
redundancy techniques used by specialists in
operational safety are effective methods for
managing the risk of equipment failure, they do
not cover the risks of cyber attacks. It seems
unlikely that two redundant systems would break
down at the same time however, a hacker can take
control of two systems simultaneously.
Sample
Cyber Security Threat Vectors For Smart Buildings
Impact on Global Building Energy Management
System Market
- Impact Analysis-
- Cloud services can be misused to commit nefarious
cyber crimes, right from usage of cloud resources
to access encryption keys, to launching DDoS
attacks on an enterprises servers. Use of an
enterprises cloud resources for such cyber
crimes has the following impacts
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Global Building Energy Management System Market
Share (), By End User, 2016-2024
- The installation of building energy management
system in commercial buildings accounted for USD
XX billion in 2016 and by 2024 it is anticipated
to reach USD XX billion, growing at a CAGR of XX
during the forecast period (2016-2024). - Commercial buildings consume almost XX of the
energy produced globally, while both commercial
and residential buildings produce about XX of
the greenhouse gas emissions, inducing the demand
for application of BEMS. - Energy Management for commercial buildings mainly
focuses in the area of energy conservation
measures or programs. Energy recovery is largely
implemented in industrial settings, however there
are innovative solutions for commercial buildings
such as air-to-air heat exchangers on the HVAC
system.
Sample
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Global Building Energy Management System Market
Y-O-Y Growth, By End User, 2016-2024
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Global Building Energy Management System Market
Size (USD Billion), By End User-2016-2024
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Global Building Energy Management System Market
Attractiveness-By End User, 2016-2024
CAGR ()
Sample
Market Size (USD Billion)
Source Goldstein Research
Water based adhesive segment holds the largest
revenue share in the global Building Energy
Management System market as this segment
constitutes which is impacted by the rising
cognizance among the household users and thus it
is likely to expand at XX CAGR during the
forecast period. Building Energy Management
System market is relying on the adoption of EHR
(Electronic health record) software by various
healthcare facility providers in order to stand
ahead in future. Behavioral health EHR creates a
world of difference to the staff and patients and
goes the extra mile giving advanced capabilities
such as it include support for documenting
violence risk factors, suicide risk factors, or
sadness scales.
Global Building Energy Management System Market
BPS Analysis- By End User, 2016-2024
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10North America Building Energy Management System
Market Size (USD Billion)-2016-2024
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Sample
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North America Building Energy Management System
Market Size (USD Billion), By End User -2016
North America Building Energy Management System
Market Size (USD Billions), By Country-2016-2024
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United States Building Energy Management System
Market Size (USD Billion), Compound Annual Growth
Rate (), Y-O-Y Growth Rate (), 2016-2024
Sample
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United States New Commercial Building
Construction, 2012-2016
Key Insights
North America accounts for XX share of the world
BEMS market, valued at USD XX billion in 2016, up
by XX in 2016, primarily driven by Federal and
State-specific regulatory initiatives, addressing
corporate social responsibility and green
reporting commitments in the public sector and
big business, and supply-side urge for smart
energy solutions. Nearly half of total revenue
generated which is growing at 10 per annum, is
driven principally by the need to comply with
legislative and regulatory measures, and by
concerns over energy prices and energy
security. While major building automation
companies have a high market share in the region,
they are being challenged by specialist suppliers
in North America region.
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12North America Building Energy Management System
Market Attractiveness-By Country, 2016-2024
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CAGR ()
Market Size (USD Billion)
Sample
Source Goldstein Research
According to the above graph, US Building Energy
Management System market is anticipated to be the
most attractive market across the region, for new
entrants looking to enter in the market, existing
players looking for business expansion and
investors seeking investment opportunities over
the forecast period i.e. 2016-2024 Busy
lifestyles mean that meal times and occasions are
becoming less prevalent and people are seeking
quick and convenient, yet healthy, solutions.
Continuing to trend in the restaurant sector, the
major companies are expected to offer further
opportunities for innovation.
North America North America Building Energy
Management System Market BPS Analysis- By
Country, 2016-2024
Source Goldstein Research
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Siemens AG (Company Overview Business Strategy)
Founded 1847
Website www.Siemens.com
Employees 351,000
Headquarters Germany
Company Overview
Business Segments
Healthineers
Energy
Building Technologies
Drive Technologies
Industrial Automation
Mobility
- Siemens AG is incorporated in Germany, with
corporate headquarters situated in Munich.,
Germany. - The Company operates through three geographic
segments Americas Europe, the Middle East and
Africa (EMEA), and Asia Pacific, Japan and China
(APJC). - Cisco Systems Inc. is traded on ETR stock
exchange, Europe - Siemens AG is a Germany-based technology company
with activities in the fields of electrification,
automation and digitalization. It is also a
supplier of systems for power generation and
transmission, as well as medical diagnosis. - Siemens AG, is one of the worlds largest
suppliers of technology to the healthcare
industry and a leader in medical imaging and
laboratory diagnostics. Company provide medical
technology and software solutions as well as
clinical consulting services, supported by a
complete set of training and service offerings.
Industrial Automation Business Segments
Couplings
Gears Motors
Process Instrumentation Systems
Wired and Wireless Communication
Material Handling Equipments
Services
Sample
Business Strategy
- Innovation and Investment Strategy The Process
Industries and Drives Division offers a
comprehensive product, software, solution and
service portfolio for moving, measuring,
controlling and optimizing all kinds of mass
flows. With its know-how in vertical industries
including oil and gas, shipbuilding, mining,
cement, fiber, chemicals, food and beverage, and
pharmaceuticals, the Division increases
productivity, reliability and flexibility of
machinery and installations along their entire
life cycle jointly with its customers. Strategic
partnerships are an essential part of Siemens
strategy to reach this goal. - Further, the company is focusing towards the
expansion of its product portfolio by acquiring
rivalry companies such as Mentor Graphics,
CD-adapco, Dresser Rand, Invensys Rail, LMS
International NV, Bayer diagnostics and many
more. Prior acquisitions have resulted in a wide
range of outcomes, from successful introduction
of new products and technologies.
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