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Building Energy Management Systems (BEMS) Market Size, Share | Industry Rep... PowerPoint PPT Presentation


Global building energy management systems (BEMS) market is projected to grow at a CAGR of 13.59% to reach over USD 7 billion by 2024. High energy cost in the manufacturing and commercial sector has compelled companies to adopt energy-efficient products and systems. Intelligent building energy management products have helped companies reduce the operational cost to a large extent.

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Building Energy Management Systems (BEMS) Market Size, Share...

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Building energy management systems bems market size share industry report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

Building Energy Management Systems (BEMS) Market Size,

Share, Growth, Industry Analysis and Forecast to 2024 | Hexa

Research

Global building energy management systems (BEMS) market is projected to grow at a

CAGR of 13.59% to reach over USD 7 billion by 2024. High energy cost in the

manufacturing and commercial sector has compelled companies to adopt energy-

efficient products and systems. Intelligent building energy management products have

helped companies reduce the operational cost to a large extent.

Increasing campaigns and activities promoted by the government and other authorities

for reducing energy consumption is anticipated to spur the BEMS market demand in the

residential, industrial, and commercial sectors. Commercial, residential, and industrial

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Building energy management systems bems market size share industry report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

sectors are now investing in technologies for effectively monitoring, controlling, and

conserving energy.

The building & construction industry is primarily accountable for high energy

consumption and global greenhouse emission. Growing urbanization and rapid

developments of smart buildings are projected to augment market demand over the

coming years.

Browse Detail Report@

https://www.hexaresearch.com/upcoming-research/building-energy-management-

systems-bems-market

The rapidly growing residential & commercial establishment in Eastern Europe and Asia

Pacific is anticipated to spur market growth over the forecast period.

For addressing the total energy consumptions and carbon dioxide emissions, various

other energy management systems are being used such as Cluster/Community Energy

Management Systems (CEMS), Home Energy Management Systems (HEMS), Industry

Energy Management Systems (IEMS), and Facility Energy Management Systems

(FEMS). BEMS is an efficient system in integrating services, technologies, ICT,

hardware, and software. BEMS offers efficient controlling, automatic lightening, and

monitoring along with HVAC functions to effectively handle energy consumption in

buildings. BEMS benefits in advancing dwellers comfort and productivity enhancing the

efficiency of the system. The functionalities of BEMS is similar to various other

automation technologies including Building Automation Systems (BAS) and Building

Management Systems (BMS).

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Building energy management systems bems market size share industry report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

BEMS based on product is segmented into HVAC systems, solar power, and LED

lights. HVAC system is expected to dominate the BEMS market demand due to

reducing operational costs and increasing trend of green technology. LED lights are

highly preferred over fluorescent bulbs & lights due to minimum electricity consumption,

high quality, and longer durability.

The BEMS market by software comprises of data management, HVAC system, lighting

system, application platform, and asset performance optimization. The communication

channel among these technologies consists of wired and wireless transmission. BEMS

based on service includes training & consultancy and support & maintenance.

Building energy management system segmented on the basis of application includes

manufacturing, office & commercial buildings, retail, government & MUSH (Municipal,

University, School, and Hospital), telecom and IT systems. Growing consumer

awareness for reducing energy costs along with favorable government policies is likely

to influence market growth positively.

Incentives, rebates, and tax credits from governments is likely to encourage

infrastructure & real estate companies to implemented building energy management

systems. The growing expense on energy consumption from pumps, catering, HVAC

systems, and office equipment in buildings & complexes is anticipated to propel the

demand for BEMS. In the commercial sector, maximum solar power installations were

in hotels, offices, and healthcare establishments. Water heaters, pool heaters, batteries

& chargers, and attic fans are few residential applications which require large electricity

consumption.

Asia Pacific is expected to drive the BEMS market over the forecast period. Increasing

industrialization, high power consumption, and green building technologies are

Contact: +1-800-489-3075

Email : [email protected]

Website: http://www.hexaresearch.com/


Building energy management systems bems market size share industry report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

projected to boost the market demand in this region. India and China are expected to

contribute to Asia Pacific’s market growth on account of rising manufacturing plant

setup and growing population.

The U.S. is anticipated to dominate the BEMS market on account of technological

developments in energy efficient systems coupled with the implementation of demand

response programs. BEMS also helps customers handle variation in prices and save on

peak demand charges. Latin America is expected to grow rapidly owing to rising

awareness on energy conservation over the forecast period.

Europe energy efficient building market is anticipated to observe a significant growth

due increasing usage of smart grid systems. The countries expected to boost the

European market growth are France, the UK, and Germany. Increasing government

regulation and favorable policies for adopting BEMS is anticipated to drive regional

market growth.

Growing local infrastructure expenses in Turkey, Qatar, and Saudi Arabia are projected

positively to influence the Middle East & African energy efficient construction market

growth. Low capital countries such as Zimbabwe and Nigeria may observe sluggish

growth due to high plant setup cost.

The leading companies in building energy management systems market are involved in

rigorous R&D activities to achieve energy efficient systems. Emerging firms undertake

mergers & acquisitions to gain market share in developing as well as developed

regions.

Key players operating in building energy management systems market are SkyFoundry,

Verisae, Toshiba, Siemens AG, Optimum Energy LLC, Schneider Electric, Jones Lang

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Building energy management systems bems market size share industry report 2024 hexa research

Hexa Research

Fact-based market research, penetrating industry insights and validated

forecasts to help you make better decisions for a stronger future

LaSalle, Johnson Controls, IBM, Ingersoll-Rand PLC, Honeywell International, eSight

Energy, GridPoint. Other participants of this market are FirstFuel Software, EnerNOC,

Inc., Ecova, Inc., Elster EnergyICT, Echelon Corp., Daikin Industries, Daintree

Networks, Cylon Active Energy, C3 Energy, Carma Industries, BuildingIQ Carma

Industries, ABB Group, and Azbil.

Browse Related Category Market Reports @https://www.hexaresearch.com/research-

category/hvac-and-construction-industry

About Us:

Hexa Research is a market research and consulting organization, offering industry reports,

custom research and consulting services to a host of key industries across the globe. We

offer comprehensive business intelligence in the form of industry reports which help our

clients obtain clarity about their business environment and enable them to undertake

strategic growth initiatives.

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Hexa Research

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Contact: +1-800-489-3075

Email : [email protected]

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