Building Energy Management Solutions (BEMS) are integrated systems that are used for monitoring and controlling energy-related equipment like heating, ventilation, HVAC, lighting and other energy-related systems. Integration of systems operation through a single Building Energy Management System provides more control and can produce considerable savings for bigger or more complex buildings, sites with many buildings, or organizations with buildings on many locations. BEMS allow for real-time remote monitoring and integrated control of a wide range of connected systems, allowing for the monitoring of modes of operation, energy consumption, environmental conditions, and so on, as well as the adjustment of hours of operation, setpoints, and other parameters to optimize performance and comfort.This growth is primarily driven by Need to monitor energy-consuming systems in commercial systems and Growing demand for optimizing energy usage and increase efficiency.
Globally, a noticeable market trend is evident Adoption of Artificial intelligence in Building Energy Management Solutions. The Electrical Components & Equipment sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Manufacturers, such as General Electric (United States), Honeywell (United States), IBM (United States), DEXMA (Spain), Rockwell Automation (United States), Schneider Electric SE (France), Cisco (United States), Mitsubishi Electric (United States), Eaton (Ireland) and SAP (Germany) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 14th Dec 2020, DEXMA, a company that provides energy intelligence and management software was acquired by Space well. This company activity builds on the success of DEXMA, which was founded in 2007 by Joan Pinyol and Guillem Corominas with the goal of assisting professionals and organizations in reducing their energy use.
On 19th May 2021, Honeywell announced the launch of a cloud-based solution for building owners and managers that simplifies and integrates operational and business data to assist improved decision-making, generate higher efficiency, and achieve sustainability targets. Honeywell Forge Real Estate Operations, a new solution created in collaboration with SAP on the SAP Business Technology Platform, expands the capabilities of Honeywell Forge corporate performance management software.
- Need to monitor energy-consuming systems in commercial systems
- Growing demand for optimizing energy usage and increase efficiency
- Adoption of Artificial intelligence in Building Energy Management Solutions
- Building Energy Management Solutions needs to be regularly maintained
The rise of IoT will boost the demand for Building Energy Management Solutions and Growing innovation to make Building Energy Management Solutions more accessible
Lack of awareness about Building Energy Management Solutions and The initial set-up of Building Energy Management Solutions could be complex
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Manufacturers landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Building Energy Management Solutions Study Sheds Light on
The Building Energy Management Solutions Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Building Energy Management Solutions industry Manufacturers. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Building Energy Management Solutions industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Manufacturers can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.
Frequently Asked Questions (FAQ):1. What is the growth rate predicted for the Global Building Energy Management Solutions Market?
The Building Energy Management Solutions market is expected to see a CAGR of % during projected year 2020 to 2026.
2. Who are the top performing companies in Building Energy Management Solutions Market?
Top performing companies in the Global Building Energy Management Solutions market are General Electric (United States), Honeywell (United States), IBM (United States), DEXMA (Spain), Rockwell Automation (United States), Schneider Electric SE (France), Cisco (United States), Mitsubishi Electric (United States), Eaton (Ireland) and SAP (Germany), to name a few.
3. Which region dominated the worldwide market for Building Energy Management Solutions in 2020?
North America is dominating the Building Energy Management Solutions Market.