Market Snapshot:
Building Energy Management System (BEMS) is a system to manage, monitor and control technical services used in buildings. This system is equipped with various sensors, controller and actuators to control and improve buildings' energy performance. BEMS comprises of various components such as Building Energy Management Systems Service (BEMS) services, Building Energy Management Systems (BEMS) hardware and Building Energy Management Systems Software (BEMS) software. Growing smart city projects and government expenditures are expected to further fuel the very market growth.
Segment Analysis
AMA Research have segmented the market of Global Building Energy Management Systems market by Type, Application and Region.
On the basis of geography, the market of Building Energy Management Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
Growing Automation Technologies
Market Drivers
Reduces Carbon Footprint and Provide Sustainable Solution and Lowers Utility Bills and Building Ownership Expenses
Opportunities
Favorable Government Initiatives Towards Energy Efficient and Growing Smart City
Restraints
- High Initial Cost Involved in Installation of the Systems
- Need for Trained Operators
In addition to the aforementioned factor, Reduces Carbon Footprint and Provide Sustainable Solution
is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Schneider Electric ( France), Siemens (Germany), Honeywell (United States), Johnson Controls (United States), GridPoint (United States), C3 Energy (United United), General Electric (United States) and CA Technologies (United States). A lot of United States players are profiled in the research study indicating a strong market dependence.