According to Markntel Advisors Report, Building Energy Management System Market is expected to grow at a significant growth rate, and the analysis period is 2021-2026, considering the base year as 2020. Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size & Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Building Energy Management System (BEMS) is a sophisticated system used for monitoring & controlling a building's energy needs like lighting or security measures, Heating, Ventilation & Air Conditioning (HVAC), etc.
Building Energy Management System Market Research Report & Summary:
The Global Building Energy Management System Market is anticipated to grow at a CAGR of around 14.7% during the forecast period, i.e., 2021-26, says MarkNtel Advisors.
Time Period Captured in the Report:
- Historical Years: 2016-19
- Base Years: 2020
- Forecast Years: 2021-26
Who are the Key Players Operating in the Building Energy Management System Market?
The top companies of the Building Energy Management System Market ruling the industry are:
ABB, Siemens, Honeywell, Schneider Electric, Johnson Control, Daikin, Emerson, Ingersoll, General Electric, Azbil
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The Building Energy Management System Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
-By Component
-Hardware- Market Size & Forecast 2020-2030, USD Million
-Software- Market Size & Forecast 2020-2030, USD Million
-Services- Market Size & Forecast 2020-2030, USD Million
-By Communication Technology
-Wired- Market Size & Forecast 2020-2030, USD Million
-Wireless- Market Size & Forecast 2020-2030, USD Million
-By End Users
-Corporates- Market Size & Forecast 2020-2030, USD Million
-Retail Malls- Market Size & Forecast 2020-2030, USD Million
-Residential Units- Market Size & Forecast 2020-2030, USD Million
-Government- Market Size & Forecast 2020-2030, USD Million
-Hospitality- Market Size & Forecast 2020-2030, USD Million
-Healthcare & Educational Institutes- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
-By Deployment
-On-premise- Market Size & Forecast 2020-2030, USD Million
-Cloud- Market Size & Forecast 2020-2030, USD Million
-Hybrid- Market Size & Forecast 2020-2030, USD Million
-By Application
-HVAC Control- Market Size & Forecast 2020-2030, USD Million
-Lighting Control- Market Size & Forecast 2020-2030, USD Million
-Energy Monitoring- Market Size & Forecast 2020-2030, USD Million
-Water and Waste Management- Market Size & Forecast 2020-2030, USD Million
-Security and Access Control- Market Size & Forecast 2020-2030, USD Million
-Others- Market Size & Forecast 2020-2030, USD Million
-By Region
-North America
-South America
-Europe
-Middle East and Africa
-Asia-Pacific
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Market Dynamics
Mounting Concerns Among People Regarding Energy Savings to Drive the Market
The mounting need to adopt Building Energy Management Systems (BEMS) across residential & commercial sectors is primarily due to mounting concerns regarding energy conservation owing to depleting natural resources & surging costs of fossil fuels. BEMS focuses on data-driven energy usage optimizations to diminish energy consumption by inferring the behavioral patterns of energy users, which, in turn, helps increase energy efficiency reduce energy costs.
Favorable Government Policies for Sustainable Energy Usage to Boost the BEMS Demand
Excessive energy usage & production from conventional sources like coal is a prominent global concern since these are non-renewable sources of energy. Additionally, rapid industrialization is another critical aspect leading to a surge in energy consumption and, in turn, encouraging governments across several countries to adopt Building Energy Management Systems.
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