The Global Building Energy Management System Market Size and Revenue Forecasts to 2028
The report on the Global Building Energy Management System Market initially offers an in-depth overview of the Building Energy Management System Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
This steady revenue growth can be attributed to increasing government incentives and policies such as tax benefits related to energy efficiency and associated solutions and services. Policies of government bodies regarding minimization of energy consumption such as Leadership in Energy and Environmental Design and Green Rating for Integrated Habitat Assessment in India is expected to have favorable impact on growth of the building energy management systems market in the country. Similar policies and regulations in other countries is also expected to continue to support overall market growth. The rising need for real-time monitoring and integrated control of buildings and equipment to optimize energy usage is also contributing to growing demand for building energy management systems.
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Building energy management systems monitor data obtained from various sensors within a building and help to minimize overall energy consumption. Technological advancements in building energy management systems is expected to further result in deployment of more advanced systems going ahead. Availability of cloud-based software analytics, which is easily accessible via web or mobile application, is resulting in increasing demand for building energy management systems. Increasing adoption of IoT-based energy management platforms for monitoring commercial buildings is boosting market growth. Integration of building energy management systems with Building Automation And Control systems is also expected to drive market growth.
Key Highlights of Report
- In October 2020, Honeywell International Inc. and Vertiv entered into a partnership in order to introduce integrated solutions to optimize data center resiliency, ensure sustainability, and improve operational performance. The companies are expected to leverage building data to minimize energy costs and use, optimize operations, and improve data center sustainability and performance.
- Software segment accounted for largest market share of 2019. Increasing investment by major market players such as Schneider Electric, IBM Corporation, and Honeywell International Inc.
The key players profiled in the report are ABB, Accenture, Cisco Systems, Emerson Electric Co., General Electric, Hitachi Ltd., Honeywell international Inc., IBM, Johnson Controls and Schneider Electric.
Global Building Energy Management System Market Segmentation based on Product Types and Application Spectrum:
Emergen Research has segmented the global building energy management system market on the basis of components and services, communication, end-use, and region:
Components and services Outlook (Revenue, USD Billion; 2021–2028)
- Software
- Hardware
- Services
Communication Outlook (Revenue, USD Billion; 2021–2028)
- Wired
- Wireless
End-use Outlook (Revenue, USD Billion; 2021–2028)
- Commercial
- Residential
- Government
Regional Analysis of the Building Energy Management System Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report provides an extensive forecast of the industry and its significant growth in the forecast years. The report provides important information regarding the sales volume, revenue forecast, market size, market share, and current and emerging market trends. Along with this, the report covers SWOT analysis, Porter’s Five Forces analysis, Feasibility analysis, and investment return analysis.
Key Benefits of Buying the Global Building Energy Management System Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Building Energy Management System Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Building Energy Management System Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Building Energy Management System Market
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