Vision Value Visibility

Report Code : ER1005

Building Energy Management System Market Outlook 2016-2024 |

Insights, Trends, Demand & Competitors Analysis

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New York, NY 10005
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+91-844-785-9968 India 
[email protected] www.goldsteinresearch.com

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Building Energy Management System Market Outlook

Building energy management system enables the large corporations and buildings to monitor their
energy consumptions and further control and manage it, in order to achieve efficiency goals by using
advanced energy usage control techniques. The world is facing huge challenge regarding the current
energy consumption rates and the rising carbon producing fuel sources which is causing significant
harm to the environment. According to US Department of Energy (DOE), commercial building
consume almost 20% of the energy produced in Unites States, while both commercial and residential
buildings produce about 38% of the greenhouse gas emissions.

Additionally, buildings consume over 70% of electricity produced in the U.S. Executives have varied
choices o reduce the energy consumption of their buildings. Buildings can be designed and
constructed more efficiently to the outset to reduce energy consumption, but these opportunities are
limited as existing infrastructure primarily focused on software based solutions to ensure
infrastructure runs more efficiently and requires minimal capital investments as compared to the
retrofitting projects of existing infrastructure. Mostly Building energy management system market
players focus on HVAC (heating, ventilation and air conditioning) equipments to reduce the
unnecessary energy consumptions as these equipments are highly energy consuming and sometimes
running on full capacity during the period when building is largely unoccupied. For instance, Intel and
Daikin Applied have teamed up to introduce solutions for HVAC management. The intelligent HVAC
control system utilizes IoT to remotely monitor and control HVAC systems using any mobile device.

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Market Segmentation
 By Component Type Sample Request
o Communication Networks
o Software
o Hardware
• Control Systems
• Sensors
• Other
 By End Users
o Commercial
o Residential
o Industrial

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Based on Geography
 North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
 Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share
(%), Market Size (USD Billion), Adoption Rate (%)}
 Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market
Share (%), Market Size (USD Billion), Adoption Rate (%)}
 Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion),
Adoption Rate (%)}
 Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific)
{Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
 Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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utlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Market Size and Forecast (2016-2024)

The global building energy management system market accounted for USD 2.8 billion in 2016 and expected to reach USD 9.2 billion by
the end of forecast period i.e. 2024. Further the market is anticipated to expand at compound annual growth rate of 16.0% over the
forecast period i.e. 2016-2024.

Geographically, North America and Europe is likely to leading building energy management system demand. North America, accounted
for the highest revenue share of more than 30% in global building energy management system market owing to large scale adoption by
the U.S government of BEMS in government institutes and buildings. For instance, State of Massachusetts invested in an EnerNOC
building energy management system in 2010 to reduce energy cost at 470 state buildings, with annual savings of USD 10 million or 10%
to 15% reduction in energy usage. North America region is closely followed by Europe with 28% revenue share in global market. BEMS
market growth in Europe is particularly high in countries such as Germany, France and U.K among other European countries owing to
rising smart grid services and demand for high energy efficient products. Asia Pacific region showcase huge growth potential growth
owing to significant economic growth and a gradual shift toward service based economies.

Building Energy Mangement System Market Size (USD Billion), 2016-2024 Building Energy Managmnet Market Share(%), by Applications in 2016
XX XX
xx
XX xx Space Heating
XX XX
xx xx Lighting
XX Air Condistioning
XX
XX xx Water Heating
XX
XX
XX
Ventilation
XX XX xx Refrigeration
XX
XX XX
XX Computers and
xx Office Equipments
XX
xx Others
XX
2016e 2017e 2018f 2019f 2020f 2021f 2022f 2023f 2024f

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Building energy management system market is majorly driven by the government stringent regulatory pressure to
minimize the energy consumption and its wastage in buildings. On the other hand, rising energy prices has
significantly fostered the need for efficient management of energy costs in buildings with both residential and
commercial facilities.

The internet of things has significantly gained traction in past few years in the building energy management system
market. Low cost sensors, controllers and secure communication networks are converting the data centre of the
commercial building into a data-rich network for business improvement. The best way to lower down the operating
costs is to consume less energy. Intelligent building automation for energy management can drastically reduce the
energy consumption by as much as 30 percent. Moreover, many tech giants and electronics companies are
collaborating in order to lead the energy management market and to explore the untapped market opportunities.
For instance, Panasonic Corporation and Schneider Electric collaborated in 2016 to provide integrated HVAC
equipment and building management solutions to bring new levels of HVAC and energy efficiency in commercial
buildings. Global building energy management system market size is anticipated to reach USD 9.2 Billion by the end
of 2024 expanding at a CAGR of 16% over the forecast period. Korea acquired an upper hand in Asia Pacific building
energy management system market. This can be attributed towards rapidly growing industrialization in the region. In
Asia Pacific region building energy management system market generated about 40% of the energy management
system market in 2016, and expected to grow significantly owing to the rising adoption in various sectors such as
Telecom & IT, Healthcare and manufacturing sector.

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis
Scope Background
 Market Synopsis
  Sample Request
Market Segmentation
 
Global building energy management system market segmentation as follows:

• By Component Type (Market Size, Demand Analysis and Growth Analysis)

• By End Users Type (Market Size, Demand Analysis and Growth Analysis)

By Country

 North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis}
 Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and
Opportunity Analysis}
 Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of
Europe) {Market Size, Growth Analysis and Opportunity Analysis}
 Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific)
{Market Size, Growth Analysis and Opportunity Analysis}
 Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis}
 Rest of World  {Market Size, Growth Analysis and Opportunity Analysis}

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Market Dynamics: Growth Drivers, Restraints and Opportunities

o Risk Factors Sample Request
o Regional Variations
o Recent Trends and Developments

Key Market Players

o Synopsis
o Business Strategy
o Product Portfolio
o SWOT Analysis

Porter’s Five Force Model

Market Landscape: Competition and Beyond
Market outlook for business players and entry level players to ascertain their business in dynamic
ecosystem
Expert Analysis
Concluding Remarks

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 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

About Goldstein Research

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With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and
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Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep
them well ahead of the game which is the market, and leave a mark across businesses and communities through our
well-defined ideas and clear cut forecasts.
Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep
them well ahead of the game which is the market, and leave a mark across businesses and communities through our
well-defined ideas and clear cut forecasts.

Published By: Goldstein Research

 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Sample Request
For more information Contact Us:
99 Wall Street, Suite No:- 527, New York, NY
+1-646-568-7747
10005
United States of America

+1-437-886-1181

Office No:- 504, 5th Floor, C-51, BSI Business

+44-203-318-6627 Park, 
Sector-62, Noida, PIN:- 201301
India 
+91-120-473-0422,
+91-844-785-9968

[email protected] www.goldsteinresearch.com

Published By: Goldstein Research

 Vision Value Visibility
Building Energy Management System Market Outlook 2016-
2024 | Insights, Trends, Demand & Competitors Analysis

Thank you
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