A building energy management system (BEMS) is a computer-based system that monitors and controls a buildingÕs electrical and mechanical equipment such as lighting, power systems, heating, and ventilation. The BEMS is connected to the buildingÕs service plant and back to a central computer to allow control of on/off times for temperatures, lighting, humidity, etc. Cables connect various series of hubs around the building to a central supervisory computer where building operators can control the building. The building energy management software provides control functions, monitoring, and alarms, and allows the operators to enhance building performance.
Scope of the Report:This report studies the Building Energy Management Systems (BEMS) market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Building Energy Management Systems (BEMS) market by product type and applications/end industries.
The prospect BEMS can offer for energy savings is mostly unexploited today, as several building owners and operators are unaware of how the data driven optimizations can diminish the energy consumption. The most energy consuming areas in the building are HVAC systems, office equipment, catering, fan, pumps, and controls. The energy consumption in building facilities, which encompasses mainly the usage of fossil fuels, adds to the increasing air pollution with adverse impacts on public health and is also instrumental in damaging the environment. Carbon dioxide emissions from fossil fuels cause global warming and eventually result in climate change. Other damaging emissions include oxides of sulphur and nitrogen, which cause acid rain. The main benefits that are incurred by BEMS are cost saving, reduction in fossil fuel consumption, balanced environment, and exemption from stringent regulation and tax benefits.
Some of the factors driving the market include the increased usage of smart grid services, enhanced brand or public image, green building incentives, and national energy security. However, the market growth rate is hindered by factors, such as split incentives, limited budgets and financial solutions, uncertainty about the amount of savings, and limited expertise among others.
The global Building Energy Management Systems (BEMS) market is valued at xx million USD in 2020 and is expected to reach xx million USD by the end of 2026, growing at a CAGR of xx% between 2020 and 2026.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Building Energy Management Systems (BEMS).
Europe also play important roles in global market, with market size of xx million USD in 2020 and will be xx million USD in 2026, with a CAGR of xx%.
Market Segment by Companies, this report covers ABB Ltd.
Azbil Corporation
BuildingIQ, Inc.
C3 IoT
Cylon Controls Ltd.
Daikin
Daintree Networks
Echelon Corporation
Ecova, Inc.
EnerNOC, Inc.
eSight Energy
FirstFuel Software, Inc.
General Electric
GridPoint, Inc.
Honeywell International Inc.
Ingersoll-Rand PLC
International Business Machines Corporation
Johnson Controls, Inc.
Jones Lang LaSalle Incorporated
Optimum Energy LLC
Powerhouse Dynamics
Schneider Electric
Siemens AG
SkyFoundry LLC
Verisae, Inc.
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Hardware
Software
Services
Market Segment by Applications, can be divided into Offices (government and private)
Retail stores
Institutions (schools, colleges and universities)
Hospitals
Shopping malls and hotels
Others
Frequently Asked Questions
The base year for the study has been considered 2019, historic year 2014 and 2018, the forecast period considered is from 2020 to 2027. The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. These regions are further analyzed at the country-level. The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
Market is segmented on the basis:
- By Type
- By Application
- By Region
- By Country
- By Manufacturer
The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
The report provides company profile of the key players operating in the market and a comparative analysis based on their business overviews industry offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.