Building Energy Management Systems (BEMS) Market Research Report to 2025 - Ingersoll-Rand PLC, IBM, Echelon Corp., EnerNOC, Inc., Daintree Networks, Daikin Industries
The U.S. Building energy management systems market 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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Asia Pacific Building energy management systems market was forecast to experience significant growth. The surging demand for these systems can be attributed to increasing popularity of green building technologies across the region. Latin America is predicted to witness high growth prospects owing to increasing awareness regarding energy conservation over the forecast period.
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.
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.
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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.
Participants constituting global building energy management systems market share include Azbil, ABB Group, BuildingIQ, Carma Industries, C3 Energy, Cylon Active Energy, Daintree Networks, Daikin Industries, Echelon Corp., Elster EnergyICT, Ecova, Inc., EnerNOC, Inc., and FirstFuel Software. Notable players also include GridPoint, eSight Energy, Honeywell International, Ingersoll-Rand PLC, IBM, Johnson Controls, Jones Lang LaSalle, Schneider Electric, Optimum Energy LLC, Siemens AG, Toshiba, Verisae, and SkyFoundry.
Related News: https://www.reuters.com/brandfeatures/venture-capital/article?id=114818
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