The global building energy management system market is expected to reach a market size of USD 16.92 Billion at a steady CAGR of 11.8% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing government incentives and policies such as tax benefits related to energy efficiency and associated solutions and services. The report provides detailed insights into Building Energy Management System market trends, industry trends, consumer trends, market size, market share, market revenue growth, and forecast, along with ranging impact of each factor and driver. It also provides analysis of various factors expected to restrain or limit potential growth in market size over the forecast period, 2020–2028. The report includes profiles of major players in the Building Energy Management System market, strategies being employed, mergers, acquisitions, recent developments, agreements, contracts, new product development and launches, segment revenue, investment details as well as financials.
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Similar policies and regulations in other countries is also expected to continue to support overall market growth. The rising need for real-time monitoring and integrated control of buildings and equipment to optimize energy usage is also contributing to growing demand for building energy management systems. Building energy management systems monitor data obtained from various sensors within a building and help to minimize overall energy consumption. The steady Building Energy Management System market share growth can be attributed to a variety of factors and trends in the global Building Energy Management System market currently. Global Building Energy Management System market revenue growth is supported to a significant extent due to rising focus by major players on product/service expansion into new and untapped domestic markets and rising competition in the market. These factors are expected to drive incline in regional Building Energy Management System market share growth over the forecast period. In addition, rapidly rising demand and deployment in respective sectors/industries in major and developing countries is supporting growth in terms of Building Energy Management System market share contribution of these countries. In addition, Building Energy Management System market share contribution is expected to continue to incline steadily over the forecast period due to favorable government policies, advancements in technology, and steady economic growth across various regions and countries.
Top key vendors in Building Energy Management System Market include are:
ABB, Accenture, Cisco Systems, Emerson Electric Co., General Electric, Hitachi Ltd., Honeywell international Inc., IBM, Johnson Controls and Schneider Electric.
Emergen Research has segmented the global building energy management system market on the basis of components and services, communication, end-use, and region:
- Components and services Outlook (Revenue, USD Billion; 2021–2028)
- Communication Outlook (Revenue, USD Billion; 2021–2028)
- End-use Outlook (Revenue, USD Billion; 2021–2028)
- Regional Outlook (Revenue, USD Billion; 2021–2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- Rest of MEA
- North America
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In terms of Building Energy Management System market share and revenue contribution to the global Building Energy Management System market, North America is expected to maintain its dominance over other regional markets over the forecast period. Presence of major companies in countries in the region is a key factor supporting rapid increase in Building Energy Management System market share.
Incorporated with Info-graphics, charts, 70 tables and 85 figures, this 250-page research report “Building Energy Management System Market Size, Type, Application, End-Use Industry, Regional Outlook, Competitive Strategies and Forecasts, 2020 – 2027” is based on a complete research of the entire Global market and covering all its sub-segments through comprehensively thorough classifications. Insightful analysis and assessment are created from superior primary and secondary information sources with data and information derived from industry specialists across the value chain.
Region wise performance of the Building Energy Management System industry
Asia Pacific market share contribution to the global Building Energy Management System market is expected to continue to register comparatively faster growth rate than other regional markets between 2020 and 2028. Rapid growth rate of China and India Building Energy Management System market share contribution can be attributed to increasing population and disposable income, and steady economic growth, and the trend is expected to continue going ahead.
Steady increase in Europe Building Energy Management System market share growth is primarily supported by continuous developments in major countries in the region. Robust focus on research and development initiatives by major firms in countries in the region is also expected to continue to support market share growth of the Europe Building Energy Management System market going ahead.
Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering:
- United States
- Southeast Asia
We can also provide the customized separate regional or country-level reports, for the following regions:
North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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The research provides answers to the following key questions:
- What will be the growth rate and the market size of the Building Energy Management System industry for the forecast period 2020-2027?
- What are the major driving forces expected to impact the development of the Building Energy Management System market across different regions?
- Who are the major driving forces expected to decide the fate of the Building Energy Management System industry worldwide?
- Who are the prominent market players making a mark in the Building Energy Management System market with their winning strategies?
- Which Building Energy Management System industry trends are likely to shape the future of the industry during the forecast period 2020-2027?
- What are the key barriers and threats believed to hinder the development of the industry?
- What are the future opportunities in the Building Energy Management System market?
Table of Content
Chapter 1. Methodology & Sources
1.1. Building Energy Management System Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Building Energy Management System Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2021-2028
Chapter 3. Key Insights
Chapter 4. Building Energy Management System Market Segmentation & Impact Analysis
4.1. Building Energy Management System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Building Energy Management System Market indicators analysis
4.2.2. Building Energy Management System Market drivers analysis
126.96.36.199. Rapid urbanization and industrialization
188.8.131.52. Stringent government regulations regarding carbon emissions
184.108.40.206. Increasing prevalence of respiratory diseases
220.127.116.11. Rising need to enhance indoor air quality
4.2.3. Building Energy Management System Market restraints analysis
18.104.22.168. High cost associated with the maintenance of Building Energy Management System products
22.214.171.124. Availability of renewable sources of energy
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 10. Competitive Landscape
10.1. Building Energy Management System Market Revenue Share By Manufacturers
10.2. Mergers & Acquisitions
10.3. Competitor’s Positioning
10.4. Strategy Benchmarking
10.5. Vendor Landscape
10.5.1. Raw Material Suppliers
10.5.1.1. North America
10.5.1.3. Asia Pacific
10.5.1.4. Middle East & Africa
10.5.1.5. Latin America
10.5.2.1. North America
10.5.2.3. Asia Pacific
10.5.2.4. Middle East & Africa
10.5.2.5. Latin America
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