Building Energy Management System (BEMS) Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Schneider Electric, Siemens, Honeywell, Johnson Controls, GridPoint, General Electric

Registering a CAGR of 12.2% over the forecast period, the market value of Building Energy Management System (BEMS) is expected to reach US$ 60,000.50 million in the year 2027.

Building Energy Management System (BEMS) Market Overview

BEMS are sophisticated systems that integrate hardware, software, and services with information and communication technologies to monitor, automate, manage, and control the energy requirements of buildings.

Climate change, global warming, and the increasing frequency of natural disasters are compelling global and local energy associations to enact stringent regulations for energy efficiency. Several states and local governments in the United States, for example, have increased their renewable energy portfolio standards to demonstrate their commitment to clean energy. As a result, government initiatives to reduce energy consumption and improve management efficiency are propelling the growth of the energy management system market.

During the forecast period, advancements in advanced sensors and controls are also expected to fuel growth in the global building energy management system market. Advanced sensors and controls are used to improve commercial building energy systems. In recent years, there has been a greater emphasis on optimizing the electricity and heating, ventilation, and air conditioning (HVAC) of buildings to improve energy efficiency, which has boosted the deployment of building energy management systems.

The modernization of the energy and utility industries is aggressively supporting smart infrastructure developments for increased efficiency. Increased investment in smart projects such as smart buildings, smart cities, and smart farming creates a huge demand for advanced energy management. The increased deployment of smart meters and smart grids also contribute to market growth. Furthermore, smart grid benefits such as reduced utility bills, improved reliability, lower costs, fraud detection, and others are increasing smart grid adoption. Furthermore, smart grids and meters are outfitted with data collection and analysis capabilities that can yield valuable insights. Thus, technologically advanced smart grids and smart energy meters are expected to propel the market forward.

Who are the Major Players in the Building Energy Management System (BEMS) Market?

The global Building Energy Management System (BEMS) includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Schneider Electric, Siemens, Honeywell, Johnson Controls, GridPoint, General Electric, Emerson Electric, Eaton Corporation, Azbil, Cylon Controls, Tongfang Technovator and others.

Industry News and Updates:

GE Digital will acquire Opus One Solutions in order to accelerate the energy transition.

21 DECEMBER 2021 - Opus One Solutions Energy Corporation, a software company that helps electric utilities optimize energy planning, operations, and market management, has agreed to be acquired by GE Digital (NYSE:GE). The renewable energy planning capabilities of Opus One, combined with the network management and optimization portfolio of GE Digital, will assist utilities in making decisions about how to integrate renewables and Distributed Energy Resources (DERs) at scale across the electric grid.

What are the major Applications, Types, and Regions for the Building Energy Management System (BEMS) Market?

The market is segmented based on the type, applications, companies, and regions.

By Type, it is segmented into

• Software


• Hardware


• Service

By Application, it is segmented into

• Residential


• Commercial


• Industrial

Building Energy Management System (BEMS) Market Regional Analysis

North America currently has the largest market share and is expected to continue to do so. ISO 50001 measures in support of LEED certification are driving energy system adoption throughout the region. Furthermore, political influences are causing significant changes in energy regulations in the United States. These shifting policies have a direct impact on adoption. Leading companies in North America, such as Microsoft Corporation, Apple, Inc., and IBM Corporation, are investing in advanced EMS solutions to reduce energy waste. As a result, industry titans' support for energy-efficient infrastructure is steadily increasing. Furthermore, industry programs such as the North American Energy Management Pilot Program for natural resource energy conservation are stimulating the market.

Europe also has a significant market share due to the increasing demand for smart grid solutions to modernize traditional power grids. Furthermore, the European Union is promoting various energy efficiency measures and standards, which is increasing demand for power management systems throughout Europe.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Building Energy Management System (BEMS) Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Building Energy Management System (BEMS) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Building Energy Management System (BEMS) Market report scope?

Scope of the Report covers Building Energy Management System (BEMS) Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Building Energy Management System (BEMS) Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.

Key Takeaways from this Building Energy Management System (BEMS) Report

• Evaluate Building Energy Management System (BEMS) market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.


• Get a quick outlook on the Building Energy Management System (BEMS) market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Building Energy Management System (BEMS) Market is studied from 2017 - 2027.

What is the growth rate of the Building Energy Management System (BEMS) Market?

The Building Energy Management System (BEMS) Market is growing at a CAGR of 12.2% over the next 5 years.

Who are the key players in Building Energy Management System (BEMS) Market?

Schneider Electric, Siemens, Honeywell, Johnson Controls, GridPoint, General Electric, Emerson Electric, Eaton Corporation, Azbil, Cylon Controls, Tongfang Technovator

What regions does this Building Energy Management System (BEMS) Market report cover?

North America (the 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, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Building Energy Management System (BEMS) Market?

Software, Hardware, Service

What are the major end-use applications of Building Energy Management System (BEMS) Market?

Residential, Commercial, Industrial

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