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Building Energy Management Systems (BEMS) - Global Market Trajectory & Analytics

  • ID: 3619373
  • Report
  • February 2022
  • Region: Global
  • 738 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • ABB Ltd.
  • Azbil Corporation
  • C3.ai, Inc.
  • Daikin Applied
  • eSight Energy Ltd.
  • GridPoint

Global Building Energy Management Systems (BEMS) Market to Reach US$8.4 Billion by the Year 2027


Amid the COVID-19 crisis, the global market for Building Energy Management Systems (BEMS) estimated at US$3.7 Billion in the year 2020, is projected to reach a revised size of US$8.4 Billion by 2027, growing at a CAGR of 12.4% over the analysis period 2020-2027.Services, one of the segments analyzed in the report, is projected to grow at a 13.4% CAGR to reach US$4.5 Billion by the end of the analysis period.After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Software segment is readjusted to a revised 11.5% CAGR for the next 7-year period. This segment currently accounts for a 39.1% share of the global Building Energy Management Systems (BEMS) market.



The U.S. Accounts for Over 33.2% of Global Market Size in 2020, While China is Forecast to Grow at a 16.2% CAGR for the Period of 2020-2027


The Building Energy Management Systems (BEMS) market in the U.S. is estimated at US$1.2 Billion in the year 2020. The country currently accounts for a 33.23% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$896.8 Million in the year 2027 trailing a CAGR of 16.2% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.9% and 9.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12% CAGR while Rest of European market (as defined in the study) will reach US$896.8 Million by the year 2027.

Hardware Segment Corners a 10.7% Share in 2020


In the global Hardware segment, USA, Canada, Japan, China and Europe will drive the 9.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$325.8 Million in the year 2020 will reach a projected size of US$630.3 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.3 Billion by the year 2027, while Latin America will expand at a 12.7% CAGR through the analysis period.

Select Competitors (Total 101 Featured) -

  • ABB Ltd.
  • Accruent Inc.
  • Azbil Corporation
  • BuildingIQ Pty Ltd.
  • C3.ai, Inc.
  • Carma Industries Inc.
  • Daikin Applied
  • Enel X
  • eSight Energy Ltd.
  • General Electric Company
  • GridPoint
  • Honeywell International, Inc.
  • IBM Corporation
  • Johnson Controls
  • Optimum Energy LLC
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corporation
Frequently Asked Questions about the Global Market for Building Energy Management Systems (BEMS)

What is the estimated value of the Global Market for Building Energy Management Systems (BEMS)?

The Global Market for Building Energy Management Systems (BEMS) was estimated to be valued at $3.7 Billion in 2020.

What is the growth rate of the Global Market for Building Energy Management Systems (BEMS)?

The growth rate of the Global Market for Building Energy Management Systems (BEMS) is 12.4%, with an estimated value of $8.4 Billion by 2027.

What is the forecasted size of the Global Market for Building Energy Management Systems (BEMS)?

The Global Market for Building Energy Management Systems (BEMS) is estimated to be worth $8.4 Billion by 2027.

Who are the key companies in the Global Market for Building Energy Management Systems (BEMS)?

Key companies in the Global Market for Building Energy Management Systems (BEMS) include ABB Ltd., Accruent Inc., Azbil Corporation, BuildingIQ Pty Ltd., C3.ai, Inc., Carma Industries Inc., Daikin Applied, Enel X and General Electric Company.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • ABB Ltd.
  • Azbil Corporation
  • C3.ai, Inc.
  • Daikin Applied
  • eSight Energy Ltd.
  • GridPoint

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Despite COVID-19 Crisis Curtailing Growth in the Short-Term, Long-Term Prospects Remain Optimistic for the World BEMS Industry
  • An Introduction to Building Energy Management Systems (BEMS)
  • BEMS Components
  • Advantages of BEMS
  • BEMS Envisage Symbolic Shift of Building Environment toward Higher Efficiency
  • BMS & EMS: Complementary Technologies for Boosting Energy Efficiency
  • Key Concerns with BEMS
  • Energy Management Technologies Address Pressing Need to Curb Energy Usage and Carbon Footprint
  • Worldwide Energy Efficiency Solutions Market by End-Use Sector (2020E): Percentage Breakdown of Value Sales for Buildings, Industry, Transport, and Others
  • Riding High on Inherent Advantages, BEMS to Leap in Right Direction
  • Spiraling Demand for Electricity: The Underlying Factor Spurring Need for Efficient Energy Management
  • Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Estimated Global Power Generation Infrastructure Requirement (in US$ Billion) for China, India, Latin America, and North America over the Period 2010-2030
  • Unwavering Focus on Energy Savings & Volatile Energy Prices to Catalyze BEMS Market in Long Term
  • BEMS Emerge as Indispensable Technological Component of Building Projects
  • Outlook
  • North America and Europe Dominate Global BEMS Market
  • Favorable Legislative Regime Remains Primary Force behind Adoption of Smart Building Energy Management Solutions
  • Energy Efficiency Goals and Government Directives to Buoy European BEMS Market
  • Emerging Economies Led by Asia-Pacific to Dictate Growth Momentum
  • World Building Energy Management Systems (BEMS) Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • World Building Energy Management Systems (BEMS) Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Africa, Europe, USA, Canada, and Japan
  • Competitive Scenario
  • Building Energy Management Ecosystem Emerges as Convergence Point for Multiple Industries
  • Market Leaders Shape BEMS’ Competitive Landscape
  • Intense Competition Catalyzes Innovation
  • BEMS Creates Opportunities for Big Data Analytics for Buildings
  • Vendors Step up Focus on Marketing Offerings
  • ESCOs Well Positioned to Capture BEMS Market
  • Opportunities Exist for Synergies among BEMS, BACS, BMS Vendors
  • BEMS Vendors, System Integrators Join Hands with ESCOs, Software Providers to Deliver EEM Systems
  • Recent Market Activity
  • Building Energy Management Systems (BEMS) – Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Regulatory Pressure to Curb Energy Wastage and Carbon Emissions: A Major Growth Driver
  • Smart Building Technologies Drive BEMS Market
  • Technological Advancements to Fuel Adoption
  • Increasing Acceptance of Sustainable Technologies Fuel BEMS Growth
  • BEMS Plays Key Role in Green Building Movement
  • Green Buildings Market (2019): Percentage Breakdown of Revenues by Construction Sector
  • Global Energy Consumption by Sector (2019): Percentage Breakdown of Energy Consumption for Buildings, Commercial, Industrial, Transportation, and Others
  • Global Energy Consumption in Buildings Sector by Fuel Type (2019): Percentage Breakdown of Energy Consumption for Electricity, Natural Gas, Oil, Renewable Sources, and Others
  • Implementation of Smart Buildings and Smart Cities Boosts Prospects for BEMS
  • BEMS Proves a Cost-Effective Option for Interfacing Smart Buildings Effectively With Smart Grids
  • Global Smart Grid Capital Expenditure (CAPEX) by Application (2013-2020): Percentage Share Breakdown of CAPEX for AMI/Smart Meters, Communications Infrastructure, Distribution Automation, Information Technology Systems, Substation Automation, and Others
  • Global Smart Meter Annual Spending (In US$ Billion) for the Years 2021, 2023 & 2025
  • BEMS & IoT Unleash Energy and Operating Efficiency Gains for Smart Buildings
  • Emergence of IoT and Cloud Infrastructure: A Potential Game Changer for BEMS Market
  • Global Number of IoT Connected Devices (In Billion) for the Years 2016, 2018, 2020, 2022 & 2025
  • Using IoT for Making Energy Management More Consistent
  • Small and Medium Buildings Present a Lucrative Untapped Market for BEMS
  • Falling Hardware Costs, and Managed BEMS Services to Overcome Cost and Complexity Hurdles
  • Introduction of Renewable Energy Standards and Policies Fuel Growth for BEMS Market
  • Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Leading Countries with Renewable Energy as % of total Energy
  • Global CO2 Emissions (2015. 2020, 2040 & 2050): Percentage Breakdown of Volume Emissions by Fuel Type
  • Building Energy Management Market: Key Trends
  • Digital Twinning
  • Software-as-a-Future-Proof Solution
  • Commoditization of Hardware in Small and Medium-Sized Buildings (SMB) Landscape
  • Evolution of Facility Manager as Enterprise Application Manager
  • Future Trends in Commercial Energy Management Space
  • Tunable White Lighting
  • Smart Lighting and Internet of Things
  • Energy Management Systems
  • Increasing Usage of Solar Energy
  • Smart Metering to Control Energy Demands
  • Renewable Energy Sources for Sustainable Power
  • Role of Analytics and Data
  • Regulations and Standards: An Overview
  • Green Building Standards and Regulations
  • US Green Building Council's Leadership in Energy and Environmental Design (LEED®)
  • Green Globes®: An Alternative to LEED Certification
  • LEED Vs Green Globes
  • International Code Council's 2012 International Green Construction Code (IgCC)
  • ANSI/ASHRAE/USGBC/IES Standard 189.1-2011: Standard for the Design of High-Performance Green Buildings Except Low-Rise Residential Buildings (ASHRAE 189.1)
  • ICC 700-2012: 2012 National Green Building Standard (ICC 700)
  • The International Living Future Institute's Living Building Challenge™
  • Government Mandates for Energy Efficiency
  • Focus on Green Certification Programs for Individual Building Elements

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Energy Conservation Regulations Propel Adoption of BEMS
  • Energy Consumption in the US by Sector (2019 & 2020E): Percentage Breakdown of Unit Consumption for Industrial, Transportation, Residential, and Commercial
  • Average Energy Usage in US Buildings by Type of System (2020E): Percentage Breakdown of Unit Consumption of Energy for HVAC Systems, Lighting, Office Equipment, Kitchen Appliances, Refrigeration, and Others
  • US Green Building Design Market by Sector (2020E): Percentage Breakdown of Green Building Value for Commercial Offices, Education, Healthcare, Government Offices, and Others
  • List of Green Building Codes/Projects in Select States of the US
  • LEED Projects
  • LEED Projects Registrations and Certifications (As of February 2018)
  • ICC-700 National Green Building Standard
  • BEMS Driving Energy Efficiency
  • Strong Affinity for Innovative Technologies Bolsters Prospects for US BEMS Market

CANADA

JAPAN

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • BEMS Addresses Need for Reducing Exorbitant Power Bills

CHINA

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Expanding Green Buildings Market to Promote Uptake of BEMS Solutions after Temporary Slowdown

EUROPE

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • An Overview
  • Regulatory Push and Technological Advancements to Boost Momentum of European BEMS Market
  • Energy Consumption in Europe (2020E): Percentage Breakdown of Energy Demand by Sector – Homes, Industrial, Transportation, Services and Others
  • Average Energy Usage in European Households (2020E): Percentage Breakdown of Unit Consumption of Energy for Lighting, Space Heating, Space Cooling, Water Heating, Cooking, and Others
  • Target Dates for Energy Efficiency Buildings for Select EU Member Countries
  • Europe’s 2020 Program and the Directive on Energy Performance in Buildings (EPBD)

FRANCE

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
  • Growing Consumer Awareness and Government Regulations Power BEMS Market

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)

AUSTRALIA

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)
  • At the Forefront of Implementing BEMS

INDIA

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • India Presents a Nascent, Albeit Opportune Market
  • BEMS: Key to Enhancing Energy Efficiency and Mitigating Maintenance Issues of Large Buildings

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)
  • Uptrend in Green Building Projects in Latin America

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)
  • Move towards Green Buildings, Mega Smart City Projects Portends Good Fortunes for BEMS Market

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Building Energy Management Systems (BEMS) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 101
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • ABB Ltd.
  • Accruent Inc.
  • Azbil Corporation
  • BuildingIQ Pty Ltd.
  • C3.ai, Inc.
  • Carma Industries Inc.
  • Daikin Applied
  • Enel X
  • eSight Energy Ltd.
  • General Electric Company
  • GridPoint
  • Honeywell International, Inc.
  • IBM Corporation
  • Johnson Controls
  • Optimum Energy LLC
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corporation
Note: Product cover images may vary from those shown