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Building Energy Management Systems Market Research Report, 2017-2023 | Key Players Schneider Electric, Siemens AG, Honeywell International, Elster Energy, Johnson controls, Grid point, C3 Energy, GE, Cisco Systems, CA Technologies

02-12-2019 09:40 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Building Energy Management Systems Market

Building Energy Management Systems Market

Building Energy Management Systems (BEMS) are hardware-software systems installed in buildings that monitor and control the energy needs of a building to ensure efficient and economical energy utilization. These systems monitor a buildings energy consumption by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and lighting to increase energy efficiency, and reduce energy costs. At present, building systems are integrated for better synchronization and monitoring of data on energy usage and better optimization. The next generation of BEMS are collaborating directly with utility enterprises so that the building owners are aware of when power rates and demand are lowest, allowing proper scheduling of high power use activities to help lower their costs. Energy efficiency, energy price volatility, and government policies and incentive programs majorly drive the growth of this market. Factors such as high investment, and longer payback period are some of the challenges confronted with regards to installation and implementation of BEMS in various type of buildings.

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Schneider, Honeywell, Siemens, Johnson Controls are some of the major companies that have defined the competitive landscape of BEMS. With the advancements in technology, leading market players are developing and devising various building energy management systems to address the increasing demands of the customers.

Potential Benefits for Stakeholders:
• The report provides an in-depth analysis of the building energy management systems market and offers current and future trends to identify lucrative investment pockets in the market
• The report identifies the key drivers, opportunities and restraints that shape the market and provides an impact analysis for the forecast period
• Porters five forces analysis highlights the potency of buyers and suppliers participating in this market
• Current and future trends are outlined to determine the overall attractiveness and highlight the profitable trends in order to gain a stronger foothold in the market
• Market estimation of geographic segments is derived from the current market scenario and expected market trends

BEMS Market Segmentation:

The market is segmented on the basis of component, end-user and geography.

Market by Component
• Software
• Hardware

Market by End-User
• Commercial
• Government (Defense & Government Utility Buildings)
• Residential

Market by Geography
• North America
• Europe
• Asia- Pacific
• LAMEA

Key Players
• Schneider Electric
• Siemens AG
• Honeywell International, Inc.
• Elster Group GmbH
• Johnson Controls, Inc.
• GridPoint, Inc.
• C3 Energy
• General Electric
• Cisco Systems, Inc.
• CA Technologies

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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