About Building Energy Management Solutions
Building Energy Management Solutions (BEMS) are integrated systems that are used for monitoring and controlling energy-related equipment like heating, ventilation, HVAC, lighting and other energy-related systems. Integration of systems operation through a single Building Energy Management System provides more control and can produce considerable savings for bigger or more complex buildings, sites with many buildings, or organizations with buildings on many locations. BEMS allow for real-time remote monitoring and integrated control of a wide range of connected systems, allowing for the monitoring of modes of operation, energy consumption, environmental conditions, and so on, as well as the adjustment of hours of operation, setpoints, and other parameters to optimize performance and comfort.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The BEMS market is poised for significant growth in the coming years. Players that adapt their strategies to evolving trends, leverage technological advancements, and address key challenges will be well-positioned to capitalize on this exciting opportunity. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
General Electric (United States), Honeywell (United States), IBM (United States), DEXMA (Spain), Rockwell Automation (United States), Schneider Electric SE (France), Cisco (United States), Mitsubishi Electric (United States), Eaton (Ireland) and SAP (Germany) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Building Energy Management Solutions market by , Application (Commercial and Industrial) and Region.
On the basis of geography, the market of Building Energy Management Solutions 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). North America region held largest market share in the year 2023. If we see Market by Components, the sub-segment i.e. Hardware {Sensors, Actuators, Digital Inputs, Controllers, Data Storage, Others} will boost the Building Energy Management Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Direct will boost the Building Energy Management Solutions market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Artificial intelligence in Building Energy Management Solutions
Market Growth Drivers:
Need to monitor energy-consuming systems in commercial systems and Growing demand for optimizing energy usage and increase efficiency
Challenges:
Lack of awareness about Building Energy Management Solutions and The initial set-up of Building Energy Management Solutions could be complex
Restraints:
Building Energy Management Solutions needs to be regularly maintained
Opportunities:
The rise of IoT will boost the demand for Building Energy Management Solutions and Growing innovation to make Building Energy Management Solutions more accessible
Market Leaders and their expansionary development strategies
In October 2023, Johnson Controls teams up with Google Nest. This partnership brings together Johnson Controls' BEMS with Google's smart home technologies, enabling seamless integration of building systems with personal devices for enhanced comfort and energy efficiency.
In July 2023, Johnson Controls Metasys 12.0 building automation system. This comprehensive system integrates lighting, HVAC, security, and fire safety systems, enabling centralized control and optimized energy management while meeting evolving building regulations.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Building Energy Management Solutions Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.