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Global Building Energy Management Systems Market Analysis

  • Report ID: GMI9578
  • Published Date: Dec 2024
  • Report Format: PDF

Building Energy Management Systems Market Analysis

Based on component, the networking devices segment is anticipated to surpass USD 6.1 billion by 2034, owing to the critical role these devices play in enabling seamless data exchange and system integration. Networking devices such as routers, switches, gateways, and wireless modules ensure real-time communication between various building subsystems, including HVAC, lighting, and security. The proliferation of IoT devices in buildings has heightened the need for reliable networking infrastructure. Networking devices facilitate the continuous flow of data necessary for real-time monitoring, analytics, and automated adjustments to optimize energy consumption.
 

Building Energy Management Systems Market Share, By Application, 2024

Based on application, the manufacturing is projected to achieve a CAGR of over 6.5% through 2034, since the increasing focus on energy efficiency, cost reduction, and sustainability in industrial operations. Manufacturing facilities are among the most energy-intensive environments. As energy costs rise, companies are investing in BEMS to optimize energy consumption across processes such as heating, cooling, ventilation, and lighting. These systems help manufacturers reduce energy waste, lower operational costs, and enhance overall productivity.
 

U.S. Building Energy Management Systems Market Size, 2022 - 2034,  (USD Billion)

The U.S. building energy management systems market is projected to surpass USD 5.4 billion by 2034, since the U.S. government and state-level authorities are enforcing stringent energy efficiency standards, such as the Energy Policy Act and local building codes, to reduce carbon emissions. These regulations are prompting commercial and industrial building owners to adopt BEMS to meet compliance requirements and avoid penalties. Corporations are prioritizing sustainability goals, including achieving net-zero carbon emissions and adhering to ESG (Environmental, Social, and Governance) standards.
 

Asia Pacific is experiencing rapid urbanization and industrial growth, leading to increased energy consumption in commercial, residential, and industrial sectors. Countries like China, India, and Southeast Asian nations are investing heavily in infrastructure, driving demand for energy-efficient solutions such as BEMS to manage escalating energy needs. Governments in the region are implementing stringent energy efficiency policies and building codes to curb carbon emissions and achieve sustainability targets.

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

The global market for building energy management systems was reached USD 14.7 billion in 2024 and is projected to grow at a 7.5% CAGR from 2025 to 2034, driven by the increasing need for energy efficiency and sustainability goals.

The networking devices segment is expected to surpass USD 6.1 billion by 2034, as these devices enable seamless data exchange and real-time communication between building subsystems, driven by the proliferation of IoT devices.

The manufacturing segment is anticipated to grow at a CAGR of over 6.5% through 2034, fueled by the sector's focus on energy efficiency, cost reduction, and sustainability in industrial operations.

The U.S. BEMS market is projected to exceed USD 5.4 billion by 2034, led by stringent energy efficiency regulations and corporate sustainability goals, including net-zero carbon emissions and ESG compliance.

Key players in the industry include ABB, C3.ai, Dexma Sensors, Eaton, Emerson Electric, ENGIE Impact, eSight Energy, General Electric, GridPoint, Honeywell, IBM, Ingersoll Rand, Johnson Controls, Mitsubishi Heavy Industries, NX Technologies, Optimum Energy, Rockwell Automation, Schneider Electric, Siemens, SkyFoundry, Telkonet, and Toshiba.

Building Energy Management Systems Market Scope

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Premium Report Details

  • Base Year: 2024
  • Companies covered: 22
  • Tables & Figures: 20
  • Countries covered: 21
  • Pages: 100
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