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

  • ID: 3619373
  • Report
  • April 2021
  • Region: Global
  • 738 Pages
  • Global Industry Analysts, Inc
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COVID-19 Crisis Brings the Environment into the Spotlight. With Energy Management Being Vital for Saving the Environment, BEMS is Poised for a 12.4% Growth Run Over the Next 7 Years

The global Building Energy Management Systems (BEMS) is expected to reach US$8.4 Billion by the year 2027, trailing a post COVID-19 CAGR of 12.4%, over the analysis period 2020 through 2027. Building Energy Management System (BEMS) are sophisticated systems integrating hardware, software, and services with information and communication technologies for monitoring, automating, managing, and controlling the energy requirements of buildings. BEMS are microcomputer systems that automatically monitor and control energy-consuming electrical and mechanical equipment such as thermostats, HVAC, and lighting within a single building or a group of buildings in order to enhance energy-efficiency and comfort. Components such as air conditioners, lighting, boilers, water heaters, elevating machines, outlet machines, plumbing, and sanitation equipment are controlled through BEMS. BEMS function by connecting building engineering services to a central computer that enables control over on/off times, humidity, temperature and other factors. The concept of BEMS plays a vital role in managing energy demand, especially in multi-building sites and large-sized complex buildings. With the introduction of cloud computing technologies, the functionality BEMS has expanded beyond conventional energy analytics and energy visualization to include demand response and property management. BEMS are primarily used in commercial buildings including hospitals, hotels, educational institutions, club houses, IT parks, malls, and industries.

Although immediate financial challenges may hinder energy efficiency investments in the year 2020, COVID-19 has nevertheless has set the alarm bells ringing. The pandemic has given the world a foretaste of how an environmental crisis can disrupt life as we know it. The rush to turn residential & commercial buildings into smart buildings will be greater post Covid-19 & beyond, as sustainability & safety become top priority for a pandemic scarred world focused on resilience. The increased post pandemic focus shed on energy consumed by the buildings sector is expected to bring fresh opportunities for growth of Building Energy Management Systems (BEMS). The growth in the market will be driven by the growing regulatory pressure to curb energy wastage in buildings; evolution of smart building technologies and their role in pushing up the property value of buildings; legislation of new green building codes; and emergence of IoT and cloud as a potential game changer for the BEMS market. The growing government focus worldwide on stepping up investments in smart cities will benefit demand for BEMS as energy management in smart homes and buildings is the first step towards building energy efficient smart cities. Key benefits of BEMS driving its adoption include reduced cost by conserving energy; helps buildings obtain green certification; provides facility managers real-time visibility into energy consumption trends; easy identification of electrical anomalies; and reduced risk of power spikes, shutdowns and electrical equipment failure. The ongoing migration to smart grids and the resulting grid operators' adoption of automated demand response (DR) technologies for efficiently managing energy demand is driving the onus on BEMS as a basic prerequisite to deploy DR technologies.

The United States represents the largest market worldwide supported by the growing interest in advanced energy technologies and implementation of demand response programs designed to help consumers voluntarily curtail energy usage in response to changes in prices and utility need for shaving peak loads. In Asia-Pacific, growth will be led by factors such as rapid urbanization and establishment of residential settlements; robust industrialization and increasing establishment of commercial and business buildings; rising energy needs, creaking energy infrastructure, the acute need to conserve energy and the resulting popularity of managed BEMS services. The increasing focus on energy savings presents lucrative growth opportunities for vendors offering building automation and building energy management solutions. The integration of these solutions holds prospects to influence different aspects of building functioning, including energy. The ability of new, connected devices and appliance to generate and transmit data along with emergence of big data analytics offers opportunities to providers of IT, enterprise data and analytics companies. These solutions are anticipated to help building managers in predicting and remediating issues affecting energy performance of buildings. While increasing integration and overlapping of various offerings are likely to affect various players, others are expected to make notable gains and even disrupt the BEMS market with innovations. The scenario is anticipated to benefit companies that can understand building functions and interaction of occupants with a building to provide next-generation solutions.

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
Note: Product cover images may vary from those shown
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I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Exhibit 1: 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
  • Exhibit 2: 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
  • Exhibit 3: Projected Global Demand for Primary Energy (Mtoe) and Electricity (MWh): 2015, 2020, 2025, 2030 & 2035
  • Exhibit 4: 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
  • Exhibit 5: World Building Energy Management Systems (BEMS) Market (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
  • Exhibit 6: 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
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
  • Exhibit 7: Green Buildings Market (2019): Percentage Breakdown of Revenues by Construction Sector
  • Exhibit 8: Global Energy Consumption by Sector (2019): Percentage Breakdown of Energy Consumption for Buildings, Commercial, Industrial, Transportation, and Others
  • Exhibit 9: 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
  • Exhibit 10: 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
  • Exhibit 11: 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
  • Exhibit 12: 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
  • Exhibit 13: Targets for Electricity Production from Renewable Energy Sources in Select Countries
  • Exhibit 14: Leading Countries with Renewable Energy as % of total Energy
  • Exhibit 15: 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
  • Energy Conservation Regulations Propel Adoption of BEMS
  • Exhibit 16: Energy Consumption in the US by Sector (2019 & 2020E): Percentage Breakdown of Unit Consumption for Industrial, Transportation, Residential, and Commercial
  • Exhibit 17: 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
  • Exhibit 18: 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
  • Exhibit 19: 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
  • BEMS Addresses Need for Reducing Exorbitant Power Bills
  • CHINA
  • Expanding Green Buildings Market to Promote Uptake of BEMS Solutions after Temporary Slowdown
  • EUROPE
  • An Overview
  • Regulatory Push and Technological Advancements to Boost Momentum of European BEMS Market
  • Exhibit 20: Energy Consumption in Europe (2020E): Percentage Breakdown of Energy Demand by Sector - Homes, Industrial, Transportation, Services and Others
  • Exhibit 21: 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
  • GERMANY
  • ITALY
  • UNITED KINGDOM
  • Growing Consumer Awareness and Government Regulations Power BEMS Market
  • SPAIN
  • RUSSIA
  • REST OF EUROPE
  • ASIA-PACIFIC
  • AUSTRALIA
  • At the Forefront of Implementing BEMS
  • INDIA
  • 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
  • Uptrend in Green Building Projects in Latin America
  • ARGENTINA
  • BRAZIL
  • MEXICO
  • REST OF LATIN AMERICA
  • MIDDLE EAST
  • 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
IV. COMPETITION
  • Total Companies Profiled: 101
Note: Product cover images may vary from those shown
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