Global Building Energy Management System Market Analysis – Trends, Insights and Forecasts (2021-2027)

  • Publish Date
    May 19, 2022
  • No of Pages
    426
  • SKU Code
    GIR 8154
  • Format

Global Building Energy Management Systems (BEMS) market – Overview

  • The report will cover the overall analysis and insights in relation to the size and growth rate of the “Global Building Energy Management Systems (BEMS) market ” by various segments at a global and regional level for the 2014-2027 period, with 2014-2019 as historical data, 2020 as a base year, 2021 as an estimated year and 2021-2027 as forecast period.

Global Building Energy Management Systems (BEMS) market – Introduction

  • The Building Energy Management Systems (BEMS) is a globally evolving market that is poised for double-digit growth for the next 7 years. BEMS is primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, energy efficiency regulations, state incentives for buildings to install energy management systems, the increasing energy efficiency contracts market, and increasing customer know-how about BEMS.The technologies that take the home and building technologies industry to the next phase of evolution—such as artificial intelligence, increasing Internet of Things (IoT)-enabled devices, data analytics, edge analytics, cloud solutions, and business model innovation—have also had a positive impact on the BEMS market. New BEMS entrants and emerging participants will change the market dynamics by adopting cutting-edge technologies into their products and by adopting customer-centric business models. Global Industry Report estimate that the BEMS market will reach $8.74 Billion by 2027, growing at a 13.4% CAGR.
  • Major end-user industries of building energy management technologies include residential, commercial and industrial. Residential sector represents the most significant end-user industry in the market for building energy management system. Commercial building energy management system provides an opportunity to the building owners to manage and understand the energy consumption. Commercial energy management system market is coming up with launching of new products and various developmental activities in order to generate public awareness about their existing and new products and compete with the competitors’ product portfolio. The reason behind this growth is due to organizational restructuring and cost cutting. Many key players such as Schneider Electric and Siemens AG are mainly focusing on the launch of new initiatives to improve technology and are emphasizing their strategies to make a greater use of building energy management system for efficient energy consumption.

Report Includes

  • The report provides a basic overview of the industry including definitions, classifications and industry chain structure.
  • A brief overview of the commercial potential of products, technologies and applications.
  • Description of properties and manufacturing processes.
  • Discussion of the current state, setbacks, innovations, and the future needs of the market.
  • Detailed discussion regarding impact of product on demand
  • Up-to-date analyses of market trends and technological improvements in the market
  • Examination of the market by application and by product sizes; utility scale, medium scale and small scale.
  • To strategically profile key players and comprehensively analyze their market rankings and core competencies
  • Coverage of historical overview, key industrial development and regulatory framework.
  • To track and analyze competitive developments, such as contracts & agreements, expansions, new product developments, and mergers & acquisitions in the market

Global Building Energy Management Systems (BEMS) market Report Scope

  • The scope of the report covers the clear understanding and overview of the product.
  • Analysis of market trends in the region, with market data considering 2020 as the base year, 2021 as the estimate year and forecast for 2027 with projection of CAGR from 2021 to 2027.
  • The report covers discussion of economic trends and technology.
  • Market estimates represent revenue.
  • In-depth analysis of the market segmentation assists in determining the prevailing market scope.

Segments Covered in Global Building Energy Management Systems (BEMS) market

On the basis of software:

The building energy management system market is segmented on the basis of software such as data management, asset performance optimization, application platform, HVAC system, and lighting system.

On the basis of communication technology:

This market is segmented on the basis of communication technology into wired and wireless.

On the basis of service:

This market is segmented on the basis of services into consulting & training and support & maintenance services.

On the basis of industry:

This market is segmented on the basis of verticals which include manufacturing, telecom and IT, office and commercial buildings, Municipal, University, School and Hospital (MUSH) systems, and government.

On the basis of regions:

The building energy management system market is classified on the basis of regions into North America (NA), Europe, Latin America (LA), Asia-Pacific (APAC), and Middle East and Africa (MEA).

Covid-19 Impact on the Global Building Energy Management Systems (BEMS) market

  • The COVID-19 outbreak drastically altered the demand for Global Building Energy Management Systems (BEMS) across the globe due to a decline in demand from the urban and tire 2 cities. The pandemic has abruptly interrupted the operations and global supply chain across various industries, which in turn has slowed down the growth of the Global Building Energy Management Systems (BEMS) market.
  • Global Building Energy Management Systems (BEMS) is majorly used in the aerospace sector. However, the aerospace sector had shut down the operations due to lockdown. This led to high decline in the Global Building Energy Management Systems (BEMS) market.
  • Electrical and energy storage industry is also highly impacted by the COVID-19 outbreak.

Key Market Players in Global Building Energy Management Systems (BEMS) market

  • The major players in the Global Building Energy Management Systems (BEMS) market are ABB Ltd.; Abundant Power; Accruent Inc.; Azbil Corporation; Bhargest Building Performance; BuildingIQ Pty Ltd.; C3 IoT; Carma Industries Inc.; Current by GE; Cylon; Daikin Applied; Distech Controls; EcoEnergy Insights; Ecolibrium; Ecorithm; Enel X; Engie; Envizi; eSight Energy Ltd.; General Electric Company; Gridium; Gridpoint; Honeywell International, Inc.; IBM Corporation; Johnson Controls International; Kieback & Peter; Lucid, Dexma; Optimum Energy LLC; Sauter Controls; Schneider Electric SE; Siemens AG; Solar- Log; Switch Automation; Toshiba Energy Systems & Solutions Corporation; Verdigris; Wattics; Wegowise and others.

Objectives of the Global Building Energy Management Systems Market Study

  • To provide detailed information regarding drivers, restraints, opportunities and challenges are influencing the growth in the Global Building Energy Management Systems (BEMS) market.
  • To analyze the competitive intelligence of players based on company profiles and their key growth strategies.
  • To strategically analyze micro markets with respect to the individual growth trends, their prospects, and their contribution to the total Global Building Energy Management Systems (BEMS) market.
  • To analyze competitive developments such as expansions, and product launches, along with research & development (R&D) activities undertaken in the Global Building Energy Management Systems (BEMS) market.
  • A unique model is created customized for each study also offers suggestions that help enterprises to identify and mitigate risks.

 

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INTRODUCTION

Objectives of the study

Global Building Energy Management Systems market definition

Global Building Energy Management Systems market scope

Global Building Energy Management Systems market Stakeholders

Global Building Energy Management Systems market Limitations

Summary of changes

RESEARCH METHODOLOGY

Research data

Secondary data

Primary data

Global Building Energy Management Systems market size estimation and definition

Global Building Energy Management Systems market breakdown & data triangulation

Global Building Energy Management Systems market share analysis

Global Building Energy Management Systems market Risk assessment/limitations

Assessment of the impact of covid-19 on the economic scenario

EXECUTIVE SUMMARY

  • Executive Summary
  • Research Methodology
    • Primary Research
    • Secondary Research
    • Market Analytics
    • Revenue Forecasting
  • Market Overview
    • Market Definition
    • Scope of the Study
      • Research Objectives
      • Assumptions & Limitations
      • Market Structure
    • Market Dynamics
      • Introduction
      • Micro-economic Factor Analysis
      • Market Evolution
      • Technology Roadmap
      • Demand-Supply Dynamics
      • Growth Drivers
      • Restraints
      • Opportunities
      • Challenges
      • Sustainable Strategies
    • Market Trend Analysis (Product Analysis, Technology Analysis, Application Analysis)
    • Industry Analysis
      • Profitability analysis
      • Supply Chain & Value Chain Analysis
      • Porter’s Five Forces Analysis
        • Bargaining power of Suppliers
        • Bargaining Power of Buyers
        • Threat of substitutes
        • Threat of new entrants
        • Degree of Competition
      • PEST Analysis
      • Upstream and downstream profitability analysis and opportunities
      • Russia-Ukraine crisis impact analysis
      • COVID-19 impact analysis
        • BEMS market
        • Disruption in major industries
          • Energy & Power industry

Global Building Energy Management Systems (BEMS) Market Scope (Market size and projections, 2021-2027)

  1. Market analysis by component
    1. Hardware
      1. Controllers
      2. Sensors
      3. Others
    2. Software
      1. Data management
    3. Services
      1. Installation and design services
      2. Monitoring/Maintenance services
      3. Consulting & training services
  2. Market analysis by building size and capacity
    1. Small
    2. Medium
    3. Large
  3. Market analysis by technology
    1. Wired
    2. Wireless
  4. Market analysis by application
    1. Space Heating
    2. Smart lighting
    3. Water heating
  5. Market analysis by end-use
    1. Residential buildings
    2. Commercial buildings
    3. Industrial buildings
    4. Others
  6. Emerging trends and technologies
    1. Artificial intelligence-based BEMS
    2. 5G Technology
    3. Big data analytics
    4. Smart lighting
    5. Solar energy
    6. Others
  7. Market analysis by region
    • North America
      • US
      • Canada
      • Mexico
      • Others
    • South America
      • Brazil
      • Argentina
      • Chile
      • Colombia
      • Peru
      • Venezuela
      • Ecuador
      • Others
    • Europe
      • Germany
      • France
      • UK
      • Russia
      • Italy
      • Spain
      • Sweden
      • Netherlands
      • Poland
      • Austria
      • Belgium
      • Finland
      • Norway
      • Switzerland
      • Denmark
      • Czech Republic
      • Portugal
      • Others
    • Asia-Pacific
      • China
      • Japan
      • South Korea
      • Taiwan
      • India
      • Australia
      • Indonesia
      • Philippines
      • Malaysia
      • Others
    • Middle East
      • Iran
      • Turkey
      • Kuwait
      • UAE
      • Israel
      • Oman
      • Bahrain
      • Saudi Arabia
      • Qatar
      • Egypt
      • Others
    • Africa
      • Algeria
      • Libya
      • South Africa
      • Sudan
      • Zimbabwe
      • Others
  8. Competitive Landscape
    • Introduction
    • Market share analysis by key market players (North America, South America, Europe, APAC, Africa)
    • Market Strategy
    • Mergers and Acquisitions
    • New Product Launches
    • Asset Transactions
    • Financial Announcements
  9. Company Profile (key market players)
    • Company profile 1
      • Company Overview
      • Strategic Initiatives
      • Financial Analysis
      • Product Bench marking
      • SWOT Analysis

COMPANY PROFILES

(Business overview, Products & services offered, Recent Developments, Competitive analysis, SWOT Analysis,)

  • ABB Ltd.
  • Abundant Power
  • Accruent Inc.
  • Azbil Corporation
  • Bhargest Building Performance
  • BuildingIQ Pty Ltd.
  • C3 IoT
  • Carma Industries Inc.
  • Current by GE
  • Cylon
  • Daikin Applied
  • Distech Controls
  • EcoEnergy Insights
  • Ecolibrium
  • Ecorithm
  • Enel X
  • Engie
  • Envizi
  • eSight Energy Ltd.
  • General Electric Company
  • Gridium
  • Gridpoint
  • Honeywell International, Inc.
  • IBM Corporation
  • Johnson Controls International
  • Kieback & Peter
  • Lucid, Dexma
  • Optimum Energy LLC
  • Sauter Controls
  • Schneider Electric SE
  • Siemens AG
  • Solar- Log
  • Switch Automation
  • Toshiba Energy Systems & Solutions Corporation
  • Verdigris
  • Wattics
  • Wegowise
  • Others 50+

APPENDIX

  • Discussion guide
  • Available customization
  • Related reports

Methodology

Research Methodology is the process used to collect information and data for the purpose of making business decisions. The success of a research project is entirely dependent on the research methodology adopted by the company. Research Methodology and Scope We have implemented a mix of primary and secondary research for our market estimate and forecast. Secondary research formed the initial phase of our study, where we conducted extensive data mining, referring to verified data sources such as independent studies, company annual reports, white papers, case studies, government and regulatory published articles, technical journals, magazines, and paid data sources. It was also used to obtain important information about the key players and market classification & segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives. A database of the key industry leaders was also prepared using secondary research.

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for respective regions. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the respective regions. The primary data has been collected through questionnaires, e-mails, and telephonic interviews, end-user surveys, consumer surveys, technology distributors and wholesaler’s surveys.

  • Quantitative methods (e.g. surveys) are best for measuring, ranking, categorizing, identifying patterns and making generalizations
  • Qualitative methods (e.g. interviews) are best for describing, interpreting, contextualizing, and gaining in-depth insight into specific concepts or phenomena
  • Mixed methods allow for a combination of numerical measurement and in-depth exploration.

Market drivers and restraints, along with their current and expected impacts, technological scenario and expected developments, end-use industry trends and dynamics  and consumer behavior trends  these forecasting parameters were considered.

Ethical approach, attention to detail, consistency, latest trend in the market and highly authentic source these are benefits of company’s research methodology.

Global Industry Reports

Market size estimation methodology top-down and bottom-up approaches

Both top-down and bottom-up approaches have been used to estimate and validate the total size of the virtual reality market. These methods have also been extensively used to estimate the sizes of various market subsegments. Estimating the size of the market in each region by adding the sizes of country-wise markets and tracking the ongoing and upcoming implementation of virtual reality projects by various companies in each region and forecasting the size of the virtual reality market based on these developments and other critical parameters, including COVID-19 related impacts

Data Triangulation

After arriving at the overall market size—using the market size estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. It provide detailed information regarding the major factors (drivers, restraints, opportunities, challenges, company profiles, key player strategies competitive developments and key developments) influencing the virtual reality market growth.

Statistical Model

Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis.

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