Building Energy Management Systems (BEMS) Market Future Demand & Emerging Trends by 2025

Global Market Insights recently introduced new title on 2019-2025 Global Building Energy Management Systems (BEMS) Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2025.

Global building energy management systems (BEMS) market size is projected to surpass USD 6 billion by 2023. Increasing regulatory pressure due to increasing energy wastage in building is predicted to drive the industry over the coming years.

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Asia Pacific building energy management systems market size is forecast to experience significant growth. The surging demand for these systems can be attributed to increasing popularity of green building technologies across the region. Latin America is predicted to witness high growth prospects owing to increasing awareness regarding energy conservation over the forecast period.

Rising awareness regarding efficient use of energy at corporate and government levels is anticipated to propel building energy management systems market demand in commercial, residential as well as industrial sectors. The building sector is primarily responsible for global greenhouse gas emission as well as energy consumption.

Surging energy prices and managing energy costs for commercial as well as residential buildings is expected to boost building energy management systems market size over the next few years. These sectors have been adopting various appropriate technologies for controlling, conserving, and monitoring energy.

High energy consuming areas in buildings are office equipment, HVAC systems, catering, pumps, etc. Energy consumption in building amenities that mainly includes the use of fossil fuels adds to air pollution, which is likely to have adverse impact on the environment and also likely affect residents’ health.

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In order to manage the carbon dioxide (CO2) emissions and total energy consumption, numerous other energy management systems are being employed such as Facility Energy Management (FEMS), Industrial Energy Management (IEMS), Home Energy Management Systems (HEMS), and Cluster/Community Energy Management System (CEMS).

BEMS involves effective integration of software, hardware, ICT technologies and services. It helps monitor, control and automate lighting as well as HVAC functions in order to manage energy efficiency of the buildings. It also helps in enhancing dwellers’ productivity and comfort. These systems also share functionalities with various building automation technologies such as Building Management Systems (BMS) and building automation systems (BAS).

BMS and BEMS share numerous similarities apart from a unique distinction; BMS includes the energy management capabilities along with other functionalities that include alarm, fire, security, closed circuit television (CCTV), safety and mechanical building controls. The data gathered by BEMS is utilized by BMS and it is likely to become a vital component of BMS solution. This in turn is anticipated to positively impact building energy management systems market share over the forecast period.

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Participants constituting global building energy management systems share include Azbil, ABB Group, BuildingIQ, Carma Industries, C3 Energy, Cylon Active Energy, Daintree Networks, Daikin Industries, Echelon Corp., Elster EnergyICT, Ecova, Inc., EnerNOC, Inc., and FirstFuel Software. Notable players also include GridPoint, eSight Energy, Honeywell International, Ingersoll-Rand PLC, IBM, Johnson Controls, Jones Lang LaSalle, Schneider Electric, Optimum Energy LLC, Siemens AG, Toshiba, Verisae, and SkyFoundry.

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Building Energy Management Systems (BEMS) Market Future Demand & Emerging Trends by 2025 Building Energy Management Systems (BEMS) Market Future Demand & Emerging Trends by 2025 Reviewed by Vinayak Shinde on July 03, 2019 Rating: 5

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