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Building Energy Management Systems Market Trends

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

Building Energy Management Systems Market Trends

Growing credibility of for IoT devices and cloud-based platforms are allowing consumers to go for real-time monitoring, analysis, and control of energy usage across multiple buildings remotely. Predictive analytics and artificial intelligence are increasingly being employed to optimize energy efficiency, anticipate maintenance needs, and forecast energy demand more accurately. Additionally, there's a rising focus on occupant comfort and health, with BEMS incorporating features like indoor air quality monitoring and adaptive temperature control. Moreover, modular, and scalable BEMS solutions are gaining popularity, enabling easier installation, scalability, and customization to meet specific building requirements. Furthermore, there's a noticeable popularity of decentralized energy systems and renewable energy integration within BEMS, aligning with broader sustainability goals and reducing reliance on centralized grids.
 

Authors: Ankit Gupta, Utkarsh Mahajan

Frequently Asked Questions (FAQ) :

Market size for building energy management systems was USD 13.3 billion in 2023 and is expected to register 8.1% CAGR from 2024-2032 owing to the increasing awareness of environmental sustainability and the need to reduce energy consumption worldwide.

Building energy management systems industry from the software segment is expected to surpass USD 6.4 billion by 2032 due to its pivotal role in enabling comprehensive energy monitoring, analysis, and optimization.

North America market is expected to record over USD 7.5 billion by 2032 due to a strong focus on sustainability and energy efficiency that drives widespread adoption of BEMS solutions across various sectors in the region.

C3.ai, Inc, Ingersoll Rand, Johnson Controls Inc, Mitsubishi Heavy Industries, NX Technologies, Optimum Energy LLC., Rockwell Automation, Inc., Siemens, Schneider Electric, and Toshiba Corporation, are some of the major building energy management systems companies worldwide.

Building Energy Management Systems Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 17
  • Tables & Figures: 15
  • Countries covered: 18
  • Pages: 350
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