Building Energy Management Solutions Market is expected to grow at a robust CAGR
Global Building Energy Management Solutions Market is expected to grow
owing to increase in rise in digitization and increase in data generated by IoT
devices throughout the forecast period.
According to TechSci Research report, “Building Energy Management Solutions Market - Global
Industry Size, Share, Trends, Opportunity, and Forecast 2018-2028”, the Global
Building Energy Management Solutions Market is expected to
register robust growth during the forecast period. The increase in activities within the construction sector, encompassing
both building and infrastructure projects, is driving the demand for HVAC
control and energy management systems. This surge in demand is fueling the
growth of the market. The rising usage of wired energy management systems in
both HVAC and non-HVAC spaces, driven by factors such as user-level security
control, faster data scanning, energy-saving capabilities, and LCD screen
displays for meters, is boosting the adoption of energy management solutions.
Additionally, the growing demand for HVAC housing, fueled by rapid global
population growth, is a key factor propelling the growth of the building energy
management solution industry.
Rapid advancements in technology, particularly in IoT sensors, data
analytics, and artificial intelligence, are fueling innovation in the BEMS
market. Providers have the opportunity to develop and offer state-of-the-art
BEMS solutions that harness these technologies, providing real-time insights,
predictive maintenance capabilities, and increased automation. As buildings
become smarter and more interconnected, the demand for advanced BEMS is
anticipated to experience significant growth.
Browse over XX market data Figures spread through XX Pages and an
in-depth TOC on the "Global Building EnergyManagement Solutions Market."
Based on type, the
Wired segment is expected to dominate the market during the forecast period. Wired
BEMS solutions are widely regarded as being more secure than their wireless
counterparts due to their lower susceptibility to hacking and unauthorized
access. This makes wired systems the preferred choice for applications where
data security is of utmost importance. A significant number of existing BEMS
installations rely on wired infrastructure. When retrofitting or upgrading
these systems, the use of wired technologies is often necessary to maintain
compatibility with legacy equipment and infrastructure. Wired BEMS systems are
increasingly leveraging cloud-based management platforms, enabling remote
monitoring, control, data storage, and analytics. This provides building operators
with enhanced flexibility and accessibility in managing energy usage. As wired
BEMS systems become more interconnected and data-intensive, the need for robust
cybersecurity measures grows. Service providers are investing in cybersecurity
solutions to safeguard wired BEMS systems against potential threats and
vulnerabilities. The integration of wired BEMS systems with IoT devices and
platforms offers a lucrative opportunity. This allows building operators to
harness the benefits of both wired and wireless technologies. In conclusion,
the wired segment of the global Building Energy Management Solutions market
presents unique advantages in terms of reliability, security, and data
transmission rates. Providers that leverage technological advancements and
capitalize on trends such as IoT integration and cloud-based management can tap
into a range of opportunities, including retrofit projects and specialized
applications in critical infrastructure.
Based on application, the HVAC segment is projected to dominate the
market throughout the forecast period. The HVAC segment of the BEMS market
focuses on optimizing the energy performance of heating, ventilation, and air
conditioning systems in buildings. These systems play a crucial role in
maintaining indoor comfort and air quality, while consuming a significant
amount of energy. HVAC systems are major energy consumers in buildings,
accounting for a substantial portion of total energy usage. Therefore,
optimizing the energy efficiency of these systems is of paramount importance in
the HVAC segment. The adoption of energy-efficient HVAC systems and BEMS
solutions is driven by stringent environmental regulations and sustainability
goals. Compliance with these regulations often necessitates advanced monitoring
and control capabilities. BEMS solutions within the HVAC segment are
incorporating state-of-the-art control algorithms and predictive analytics to
optimize the performance of HVAC systems. These controls take into account
factors such as weather forecasts, occupancy patterns, and equipment health to
make real-time adjustments. Opportunities arise for BEMS providers to implement
retrofit solutions in existing buildings with outdated HVAC systems. By
upgrading HVAC controls and integrating BEMS, significant energy savings can be
achieved. BEMS providers can offer services that assist building owners and
operators in complying with energy efficiency and environmental regulations.
This includes ensuring that HVAC systems meet required standards and reporting
energy usage data.
Key market players in the Global Building Energy Management Solutions
Market are:-
- Hitachi Ltd
- Schneider Electric SE
- General Electric Company
- ABB Ltd
- Rockwell Automation Inc
- Mcloud Technologies Inc
- Rockwell Automation Inc.
- Honeywell International Inc
- Siemens AG
- Emerson Electric Co
Download Free Sample Report
Customers can also request for
10% free customization on this report.
“The Building Energy Management Solutions Market in Asia Pacific is
poised to be the dominant force in the industry. The North American BEMS market
caters to a wide array of industries. Within commercial real estate, BEMS
solutions are employed to optimize energy consumption in office buildings,
shopping malls, and hotels. In the healthcare sector, BEMS solutions aid hospitals
and healthcare facilities in reducing energy costs while ensuring uninterrupted
operations.” said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“Building Energy Management Solutions Market – Global Industry Size,
Share, Trends, Opportunity, and Forecast Segmented By Type (Wired and Wireless), By Component (Hardware,
Software and Services), By Application (HVAC and Non-HVAC), By Region, By
Competition Forecast & Opportunities, 2018-2028,” has evaluated the future growth potential of Global Building Energy
Management Solutions Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Building
Energy Management Solutions Market.
Contact
TechSci Research LLC
420 Lexington Avenue,
Suite 300, New York,
United States- 10170
M: +13322586602
Email: [email protected]
Website: https://www.techsciresearch.com