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Building Energy Management Systems Market worth $92.18 billion by 2030, growing at a CAGR of 11.06% - Exclusive Report by 360iResearch
Building Energy Management Systems Market | 360iResearch
The Global Building Energy Management Systems Market to grow from USD 44.22 billion in 2023 to USD 92.18 billion by 2030, at a CAGR of 11.06%.
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A building energy management system (BEMS) is a sophisticated method to monitor and control the energy needs of a building. It integrates software and hardware to manage, automate, and optimize power consumption for heating, ventilation, air conditioning, lighting, and other energy-reliant systems within the building. BEMS can ensure operational efficiency, reduce energy expenses, and increase the comfort of occupants by collecting and analyzing data. The rising emphasis on energy efficiency and cost reduction, the increasing energy prices, and environmental concerns that compel stakeholders to reduce carbon footprints are propelling the adoption of BEMS. Additionally, government regulations and incentives promoting energy conservation and sustainability catalyze the demand for BEMS. Restraints hindering BEMS adoption comprise the high initial costs of installation and the complexity of integrating BEMS with existing systems. Furthermore, there is a lack of expertise in analyzing the massive amount of data generated. Challenges in implementation encompass the technological sophistication required in customizing solutions for different buildings and cybersecurity risks associated with connected systems. Upgrading legacy systems and ensuring compatibility with a wide array of devices and protocols further compounds these challenges. There are significant opportunities for growth in the BEMS sector, such as the development of advanced analytics and machine learning algorithms to predict energy consumption patterns more accurately. Moreover, the evolution of smart grids and the integration of the Internet of Things (IoT) are expected to present additional prospects for real-time energy management and efficiency improvement.
Market Segmentation & Coverage:
This research report categorizes the Building Energy Management Systems Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Component, market is studied across Hardware, Services, and Software. The Services is projected to witness significant market share during forecast period.
Based on End-Use, market is studied across Commercial Building and Residential Building. The Commercial Building is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa is projected to witness significant market share during forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Building Energy Management Systems Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Building Energy Management Systems Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Building Energy Management Systems Market, highlighting leading vendors and their innovative profiles. These include ABB Asea Brown Boveri Ltd., Accruent, LLC by Fortive Corporation, Acuity Brands, Inc., Airedale International Air Conditioning Ltd. by Modine Manufacturing Company, Azbil Corporation, BuildingIQ, Inc., Buildings IOT, C3.ai, Inc., Carma Corp., Cisco Systems, Inc., Daikin Industries, Ltd., Delta Group, Eaton Corporation PLC, Emerson Electric Co., Enel X S.r.l., GridPoint by Twenty First Century Utilities, Hitachi, Ltd., Honeywell International Inc., International Business Machines Corporation, Johnson Controls International PLC, mCloud Technologies Corp., Mitsubishi Heavy Industries, Ltd., MRI Software LLC, Neptune India Limited, and Optimum Energy LLC.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Building Energy Management Systems Market, by Component
7. Building Energy Management Systems Market, by End-Use
8. Americas Building Energy Management Systems Market
9. Asia-Pacific Building Energy Management Systems Market
10. Europe, Middle East & Africa Building Energy Management Systems Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Building Energy Management Systems Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Building Energy Management Systems Market?
3. What is the competitive strategic window for opportunities in the Building Energy Management Systems Market?
4. What are the technology trends and regulatory frameworks in the Building Energy Management Systems Market?
5. What is the market share of the leading vendors in the Building Energy Management Systems Market?
6. What modes and strategic moves are considered suitable for entering the Building Energy Management Systems Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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