REPORT OUTLOOK
Market Size | CAGR | Dominating Region |
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USD 10.90 Billion by 2029 | 14.2 % | Asia Pacific |
By Software | By Connectivity Technology | By Industry |
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SCOPE OF THE REPORT
Building Energy Management System (BEMS) Market Overview
The global building energy management system (BEMS) market is expected to grow at 14.2 % CAGR from 2020 to 2029. It is expected to reach above USD 10.90 Billion by 2029 from USD 3.3 Billion in 2020.
Building Energy Management Systems (BEMS) are complex systems that use information and communication technologies to integrate hardware, software, and services in order to monitor, automate, manage, and control the energy requirements of buildings. Building energy management systems, or BEMS for short, are microcomputer systems that automatically monitor and control energy-consuming electrical and mechanical equipment, like thermostats, HVAC, and lights, within a single building or a group of buildings to increase energy efficiency and comfort. BEMS regulates a wide range of devices, including plumbing, sanitary equipment, lights, boilers, water heaters, elevating machines, outlet machines, and air conditioners. Around the world, more infrastructure is being built as a result of rising population. The desire to minimize carbon emissions, which is being fueled by the expanding use of energy-intensive equipment in buildings, has, however, resulted in even tighter regulation of the construction sector.
ATTRIBUTE | DETAILS |
Study period | 2020-2029 |
Base year | 2021 |
Estimated year | 2022 |
Forecasted year | 2022-2029 |
Historical period | 2018-2020 |
Unit | Value (USD Billion) |
Segmentation | By Software, By Connectivity Technology, By Application and By Region. |
By Software |
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By Connectivity Technology |
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By Industry |
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By Region |
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To track energy waste in both residential and commercial buildings, several organizations have created distinctive building energy management systems. Rising demand for connected systems and real-time remote monitoring in most buildings will be the main driver of the BEMS industry’s outlook. Building energy management systems (BEMS) have seen rapid progress and continuous technological advancement, expanded their scope of usage and drawn in more and more end users. BEMS improves energy usage and efficiency by managing the equipment’s activities. Demand on the market will rise as a result of the expanding practice of working directly with utility providers to notify them of power rates and demand, enabling better scheduling of high-power-use activities to save costs. There are several difficulties associated with installing and implementing BEMS in various types of buildings, including significant installation costs and a protracted payback period.
Due to a few current developments, including cloud computing, the rapid use of IoT, the decline in the use of fossil fuels, government programs and laws, etc. The integration of IoT into BEMS and its fusion with numerous functions, including lighting, security, and heating, makes it easier for users to control that equipment effectively. As a result, the expansion of the IoT industry would also assist the expansion of the BEMS market. The increase in urban population, rising consumer awareness of the development and use of cutting-edge technology items, and a rise in the number of new buildings, institutions, and complexes being built will all contribute to the market’s growth in the years to come.
The market growth has been adversely affected by COVID-19. In many nations, the demand for energy in industrial and commercial buildings has drastically decreased, while the need for energy in residential buildings has increased. Restricting social distance has led to a significant decline in the use of commercial structures. However, the BEMS market has experienced phenomenal growth as a result of the stabilization of the world economy and the removal of barriers in industrial manufacturing.
Building Energy Management System (BEMS) Market Segment Analysis
Building energy management system (BEMS) market is segmented based on software, connectivity technology, application, and region.
Based on software, a significant portion of the market was made up of HVAC systems. This is explained by the increased focus on lowering energy consumption, the significantly changing climate, and the rise in government tax credits and rebates. The heat, ventilation, and cooling (HVAC) system is a financially sound option for effectively controlling the indoor climate of a certain building or home. The market will develop as a result of rising HVAC system deployment in residential buildings and rising attention on carbon emission reduction.
Based on connectivity technology, a significant portion of the market was made up of wireless. This is due to the rising demand for a sophisticated building management system that can be readily operated from a distance as well as the global shift towards digitalization. The market demand is being further stimulated by the expanding market penetration of smart devices and the rising demand for wirelessly connected systems. In comparison to traditional hard-wired systems, wireless building energy management systems are more dependable, adaptable, and quick to install. They also perform better.
Based on application, a significant portion of the market was made up of office and commercial buildings. The main elements propelling the segment’s growth over the next few years will be the growing deployment of building energy management systems in corporate offices, sizable shopping centers, and public transportation hubs like airports and train stations. The rising demand for HVAC control systems and energy-efficient lighting systems to lower energy use and raise living standards is also helping the segment’s growth.
Building Energy Management System (BEMS) Market Players
The market research report covers the analysis of market players. Key companies profiled in the report include ABB, Accenture, Cisco, Emerson Electric Co., General Electric, Hitachi Ltd., Honeywell International Inc., IBM, GridPoint, Johnson Controls
News:
- On March 2023, ABB is entered into a strategic partnership with Direct Energy Partners (DEP), a start-up using digital technology to accelerated adoption of Direct Current (DC) microgrids. The partnership involved a minority investment in Direct Energy Partners through ABB’s venture capital unit, ABB Technology Ventures(ATV).
- On March 2023, QuSecure™, Inc., a leader in post-quantum cybersecurity, announced that the company, in collaboration with Accenture, has accomplished the first successful multi-orbit data communications test secured with post-quantum cryptography (PQC), which refers to cryptographic methods that are secured against an attack by a quantum computer.
Who Should Buy? Or Key stakeholders
- Potential Investors
- End-User Companies
- Research Organizations
- Regulatory Authorities
- Construction Sectors
- Others
Building Energy Management System (BEMS) Market Regional Analysis
The building energy management system (BEMS) market by region includes North America, Asia-Pacific (APAC), Europe, South America, and Middle East & Africa (MEA).
- North America: includes the US, Canada, Mexico
- Asia Pacific: includes China, Japan, South Korea, India, Australia, ASEAN, and Rest of APAC
- Europe: includes the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe
- South America: includes Brazil, Argentina, and Rest of South America
- Middle East & Africa: includes Turkey, UAE, Saudi Arabia, South Africa, and the Rest of MEA
In terms of revenue, asia pacific dominated the building energy management system (BEMS) market in 2021 with a 38% share. The main drivers influencing the market’s growth in this region are the quickening growth of the building industry, particularly in developing nations like China and India, as well as the rising number of government programmes to increase energy consumption. Demand for building energy management systems is also increasing due to the growing trend of creating smart cities to enhance citizens’ quality of life.
Key Market Segments: Building Energy Management System (BEMS) Market
Building Energy Management System (Bems) Market By Software, 2020-2029, (Usd Billion)
- Data Management
- Asset Performance Optimization
- Application Platform
- Hvac Systems
- Lighting Systems
Building Energy Management System (Bems) Market By Connectivity Technology, 2020-2029, (Usd Billion)
- Wired
- Wireless
Building Energy Management System (Bems) Market By Industry, 2020-2029, (Usd Billion)
- Manufacturing
- Telecom And It
- Office And Commercial Buildings
- Municipal
- Others
Building Energy Management System (Bems) Market By Region, 2020-2029, (Usd Billion)
- North America
- Asia Pacific
- Europe
- South America
- Middle East And Africa
Important Countries In All Regions Are Covered.
Exactitude Consultancy Services Key Objectives
- Increasing sales and market share
- Developing new technology
- Improving profitability
- Entering new markets
- Enhancing brand reputation
Key Question Answered
- What is the expected growth rate of the building energy management system (BEMS) market over the next 7 years?
- Who are the major players in the building energy management system (BEMS) market and what is their market share?
- What are the end-user industries driving demand for market and what is their outlook?
- What are the opportunities for growth in emerging markets such as asia-pacific, middle east, and africa?
- How is the economic environment affecting the building energy management system (BEMS) market, including factors such as interest rates, inflation, and exchange rates?
- What is the expected impact of government policies and regulations on the building energy management system (BEMS) market?
- What is the current and forecasted size and growth rate of the global building energy management system (BEMS) market?
- What are the key drivers of growth in the building energy management system (BEMS) market?
- Who are the major players in the market and what is their market share?
- What are the distribution channels and supply chain dynamics in the building energy management system (BEMS) market?
- What are the technological advancements and innovations in the building energy management system (BEMS) market and their impact on product development and growth?
- What are the regulatory considerations and their impact on the market?
- What are the challenges faced by players in the building energy management system (BEMS) market and how are they addressing these challenges?
- What are the opportunities for growth and expansion in the building energy management system (BEMS) market?
- What are the services offerings and specifications of leading players in the market?
Table of Content
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- DATA MINING
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET OUTLOOK
- GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION), 2020-2029
- DATA MANAGEMENT
- ASSET PERFORMANCE OPTIMIZATION
- APPLICATION PLATFORM
- HVAC SYSTEMS
- LIGHTING SYSTEMS
- GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION),2020-2029
- WIRED
- WIRELESS
- GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION),2020-2029
- MANUFACTURING
- TELECOM AND IT
- OFFICE AND COMMERCIAL BUILDINGS
- MUNICIPAL
- OTHERS
- GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY REGION (USD BILLION),2020-2029
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- NORTH AMERICA
- COMPANY PROFILES* (BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- ABB
- ACCENTURE
- CISCO
- EMERSON ELECTRIC CO.
- GENERAL ELECTRIC
- HITACHI LTD.
- HONEYWELL INTERNATIONAL INC.
- IBM
- GRIDPOINT
- JOHNSON CONTROLS *THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 2 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 3 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 4 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY REGION (USD BILLION) 2020-2029
TABLE 5 NORTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 6 NORTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 7 NORTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 8 NORTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 9 US BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 10 US BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 11 US BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 12 CANADA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 13 CANADA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 14 CANADA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 15 MEXICO BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 16 MEXICO BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 17 MEXICO BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 18 SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 19 SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 20 SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 21 SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 22 BRAZIL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 23 BRAZIL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 24 BRAZIL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 25 ARGENTINA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 26 ARGENTINA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 27 ARGENTINA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 28 COLOMBIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 29 COLOMBIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 30 COLOMBIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 31 REST OF SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 32 REST OF SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 33 REST OF SOUTH AMERICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 34 ASIA-PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 35 ASIA-PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 36 ASIA-PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 37 ASIA-PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 38 INDIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 39 INDIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 40 INDIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 41 CHINA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 42 CHINA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 43 CHINA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 44 JAPAN BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 45 JAPAN BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 46 JAPAN BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 47 SOUTH KOREA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 48 SOUTH KOREA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 49 SOUTH KOREA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 50 AUSTRALIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 51 AUSTRALIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 52 AUSTRALIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 53 SOUTH-EAST ASIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 54 SOUTH-EAST ASIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 55 SOUTH-EAST ASIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 56 REST OF ASIA PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 57 REST OF ASIA PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 58 REST OF ASIA PACIFIC BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 59 EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 60 EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 61 EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 62 EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 63 GERMANY BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 64 GERMANY BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 65 GERMANY BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 66 UK BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 67 UK BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 68 UK BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 69 FRANCE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 70 FRANCE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 71 FRANCE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 72 ITALY BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 73 ITALY BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 74 ITALY BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 75 SPAIN BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 76 SPAIN BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 77 SPAIN BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 78 RUSSIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 79 RUSSIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 80 RUSSIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 81 REST OF EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 82 REST OF EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 83 REST OF EUROPE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 84 MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COUNTRY (USD BILLION) 2020-2029
TABLE 85 MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 86 MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 87 MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 88 UAE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 89 UAE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 90 UAE BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 91 SAUDI ARABIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 92 SAUDI ARABIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 93 SAUDI ARABIA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 94 SOUTH AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 95 SOUTH AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 96 SOUTH AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
TABLE 97 REST OF MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE (USD BILLION) 2020-2029
TABLE 98 REST OF MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY (USD BILLION) 2020-2029
TABLE 99 REST OF MIDDLE EAST AND AFRICA BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY (USD BILLION) 2020-2029
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 9 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE, USD BILLION, 2020-2029
FIGURE 10 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY, USD BILLION, 2020-2029
FIGURE 8 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY, USD BILLION, 2020-2029
FIGURE 11 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY REGION, USD BILLION, 2020-2029
FIGURE 12 PORTER’S FIVE FORCES MODEL
FIGURE 14 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY SOFTWARE, USD BILLION, 2021
FIGURE 15 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY COMMUNICATION TECHNOLOGY, USD BILLION, 2021
FIGURE 13 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY INDUSTRY, USD BILLION, 2021
FIGURE 16 GLOBAL BUILDING ENERGY MANAGEMENT SYSTEM (BEMS) MARKET BY REGION 2021
FIGURE 17 MARKET SHARE ANALYSIS
FIGURE 18 ABB: COMPANY SNAPSHOT
FIGURE 19 ACCENTURE: COMPANY SNAPSHOT
FIGURE 20 CISCO: COMPANY SNAPSHOT
FIGURE 21 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
FIGURE 22 GENERAL ELECTRIC: COMPANY SNAPSHOT
FIGURE 23 HITACHI LTD.: COMPANY SNAPSHOT
FIGURE 24 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
FIGURE 25 IBM: COMPANY SNAPSHOT
FIGURE 26 GRIDPOINT: COMPANY SNAPSHOT
FIGURE 27 JOHNSON CONTROLS: COMPANY SNAPSHOT
FAQ
The global building energy management system (BEMS) market is expected to grow at 14.2% CAGR from 2020 to 2029. It is expected to reach above USD 10.90 Billion by 2029 from USD 3.3 Billion in 2020.
Asia Pacific held more than 38% of the building energy management system (BEMS) market revenue share in 2021 and will witness tremendous expansion during the forecast period.
In recent years, the market has expanded as a result of numerous factors, including quick urbanization, increased smart home product adoption, increased carbon dioxide emissions, quickening construction activities, increased consumer spending, increased consumer awareness, and increased use of smart sensors.
Building energy management systems have been increasingly adopted in nations like China and India. Also, the Indian government is making significant investments in the construction of energy management systems in an effort to lower carbon emission standards and electricity usage.
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