Building Energy Management Systems Market 2019 – 2023 | Global Players: BuildingIQ, Daikin Industries, EnerNOC, FirstFuel Software, GridPoint
Global building energy management systems (BEMS) market size is projected to surpass USD 6 billion by 2023. Increasing regulatory pressure due to increasing energy wastage in building is predicted to drive the industry over the coming years.
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BEMS involves effective integration of software, hardware, ICT technologies and services. It helps monitor, control and automate lighting as well as HVAC functions in order to manage energy efficiency of the buildings. It also helps in enhancing dwellers’ productivity and comfort. These systems also share functionalities with various building automation technologies such as Building Management Systems (BMS) and building automation systems (BAS).
In order to manage the carbon dioxide (CO2) emissions and total energy consumption, numerous other energy management systems are being employed such as Facility Energy Management (FEMS), Industrial Energy Management (IEMS), Home Energy Management Systems (HEMS), and Cluster/Community Energy Management System (CEMS).
Advent of innovative technologies accompanied by maturing of existing technologies is predicted to drive applicability across various industry sectors. Rapid urban infrastructure development, particularly the swift growth of smart buildings is anticipated to be one of the major factors driving building energy management systems market share from 2015 to 2022.
U.S. Building Energy Management Systems market size is predicted to be the largest regional segment and is likely to maintain its dominance owing to rising interest in highly developed energy technologies as well as implementation of demand response programs over the coming years. These programs are likely to promote restricted energy usage and enable customers to tackle changing prices and handle the utility needs for saving peak loads.
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Rising awareness regarding efficient use of energy at corporate and government levels is anticipated to propel building energy management systems market demand in commercial, residential as well as industrial sectors. The building sector is primarily responsible for global greenhouse gas emission as well as energy consumption.
Surging energy prices and managing energy costs for commercial as well as residential buildings is expected to boost building energy management systems market size over the next few years. These sectors have been adopting various appropriate technologies for controlling, conserving, and monitoring energy.
Participants constituting global building energy management systems share include: -
• ABB Group
• Carma Industries
• C3 Energy
• Cylon Active Energy
• Daintree Networks
• Daikin Industries
• Echelon Corp.
• Elster EnergyICT
• Ecova Inc.
• EnerNOC Inc.
• FirstFuel Software
• eSight Energy
• Honeywell International
• Ingersoll-Rand PLC
• Johnson Controls
• Jones Lang LaSalle
• Schneider Electric
• Optimum Energy LLC
• Siemens AG
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