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Global Building Energy Management Systems Market Trends

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

Building Energy Management Systems Market Trends

The integration of the Internet of Things (IoT) and Artificial Intelligence (AI) is transforming BEMS. IoT sensors enable real-time data collection on energy consumption, occupancy, temperature, and other parameters. AI algorithms analyze this data to predict energy usage patterns, optimize operations, and automate adjustments, resulting in significant energy savings. Predictive maintenance, powered by AI, helps prevent equipment failures, reducing downtime and maintenance costs. Cloud computing is enabling scalable, cost-effective BEMS deployments. Cloud-based solutions offer centralized control and monitoring across multiple buildings or sites, providing facility managers with remote access to energy data. This trend is especially beneficial for large enterprises with geographically dispersed assets, facilitating seamless upgrades, data storage, and enhanced cybersecurity.
 

BEMS is increasingly being integrated with smart building technologies to create holistic solutions that manage not just energy but also lighting, HVAC, and security systems. This convergence enhances operational efficiency and occupant comfort while reducing energy costs. The rise of smart cities is further accelerating the demand for such integrated systems. The focus is shifting toward retrofitting older buildings with modern BEMS to improve energy efficiency. Retrofitting is cost-effective and aligns with sustainability goals, particularly in regions like Europe, where stringent regulations on energy performance in buildings are in place.

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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