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Global Building Energy Management Systems Market Size

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

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Building Energy Management Systems Market Size

The global building energy management systems market was valued at USD 14.7 billion in 2024 and is estimated to grow at a CAGR of 7.5% from 2025 to 2034, due to increasing need for energy efficiency, regulatory mandates, and sustainability goals. The adoption of BEMS is accelerating due to rising energy costs, carbon reduction targets, and government incentives for green buildings. Technological advancements, such as IoT integration, AI-driven analytics, and cloud-based platforms, are enhancing system capabilities, enabling real-time monitoring, predictive maintenance, and optimization of energy usage.

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Key sectors driving demand include commercial buildings, healthcare facilities, and educational institutions, where energy efficiency is prioritized. Additionally, the global push toward smart cities and green infrastructure is fostering widespread BEMS deployment. Asia Pacific and Europe are notable growth regions due to urbanization and stringent energy regulations. Overall, the market is expanding as businesses seek to reduce operational costs and achieve sustainability, ensuring long-term environmental and economic benefits.

Building Energy Management Systems Market Report Attributes
Report Attribute	Details
Base Year:	2024
Building Energy Management Systems Market Size in 2024:	USD 14.7 Billion
Forecast Period:	2025 – 2034
Forecast Period 2025 – 2034 CAGR:	7.5%
2025 – 2034 Value Projection:	USD 31 Billion
Historical Data for:	2021 – 2024
No. of Pages:	100
Tables, Charts & Figures:	20
Segments covered:	Component, Application
Growth Drivers:	Growing demand of energy worldwide Ongoing advancement in technology
Pitfalls & Challenges:	High initial investments

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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.