Geographically, North America, as well as Europe, will drive the global market of building energy management services on account of the supportive government initiatives undertaken towards energy management. Asia Pacific market is also expected to contribute significantly on account of the growing economy, increasing infrastructure base of the region and initiatives towards the making of smart cities in the region.
Stringent energy efficiency standards
Growing adoption of IoT
High installation cost
In May 2018, Honeywell launched IQ Vision which is a building energy management system (BEMS) from Trend Control Systems.
In June 2018, Siemens acquired Building Robotics to expand its smart building solutions portfolio.
The major players profiled in the Building Management System market include Schneider Electric, Johnson Controls, IBM, Honeywell, Siemens, General Electric, BuildingIQ, Iconics, Coppertree Analytics, and Delta Electronics among others.
The building energy management system market has been analyzed through the following segments:
By Deployment Model
Middle East and Africa
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.6. Base, and Forecast Years Timeline
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Secondary Sources
3. KEY FINDINGS
4. MARKET DYNAMICS
4.1. Market Segmentation
4.2. Market Drivers
4.3. Market Restraints
4.4. Market Opportunities
4.5. Porter's Five Forces Analysis
4.5.1. Bargaining Power of Suppliers
4.5.2. Bargaining Power of Buyers
4.5.3. Threat of New Entrants
4.5.4. Threat of Substitutes
4.5.5. Competitive Rivalry in the Industry
4.6. Life Cycle Analysis - Regional Snapshot
4.7. Market Attractiveness
5. BUILDING ENERGY MANAGEMENT SYSTEM MARKET BY OFFERING
6. BUILDING ENERGY MANAGEMENT SYSTEM MARKET BY DEPLOYMENT MODEL
7. BUILDING ENERGY MANAGEMENT SYSTEM MARKET BY APPLICATION
8. BUILDING ENERGY MANAGEMENT SYSTEM MARKET BY APPLICATION
9. BUILDING ENERGY MANAGEMENT SYSTEM MARKET BY GEOGRAPHY
9.1. North America
9.2. South America
9.3.1. United Kingdom
9.4. Middle East and Africa
9.4.1. Saudi Arabia
9.5. Asia Pacific
10. COMPETITIVE INTELLIGENCE
10.1. Competitive Benchmarking and Analysis
10.2. Recent Investments and Deals
10.3. Strategies of Key Players
11. COMPANY PROFILES
11.1. Schneider Electric
11.2. Johnson Controls
11.6. General Electric
11.9. Coppertree Analytics
11.10. Delta Electronics
The research study is based on the publisher's proprietary research model. The process involves sourcing of information from various industry experts, key professionals, decision-makers and various other stakeholders along with the validation of the responses received from the vast in-house database and premium paid databases. Publicly available sources were also taken into consideration for the final market estimates and forecast for the segments and sub-segments.
The first phase of the research process is the identification of key industry leaders, experts, decision-makers and C-level executives and then conducting interviews and surveys to gain vital insights about the market. Simultaneously, extensive secondary research is done, and key secondary data is collected as part of this process. This secondary data is collected from various databases, industry journals, whitepapers, company annual reports, research publications, and other paid data sources and relevant literature. Company profiles which include strategies, new product developments, recent investments, major products and services, financials and business plans are sourced from the annual reports, SEC filings, industry associations to preserve the quality of the information being displayed. The findings from both the primary and the secondary research process combined go under further processing for market breakdown and forecasting.
The last phase is providing intelligence in the form of presentation, charts, graphics and other different formats helping the clients in a faster and efficient understanding of the market. Under this phase complete market engineering is involved which includes analyzing the collected data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting. The publisher has developed their market forecasting methodology that, in addition to the main market values, also takes into account other macroeconomic factors (global or local) that might have some bearing on the market under study. Taking all the necessary data, a robust forecast is developed using an algorithm that involves both static (multivariate) as well as dynamic (time-series) regression analysis. Special care is taken to make sure their algorithm passes the necessary statistical tests, and the mean prediction for future years obtained is reliable with a very high confidence level. Following data validation, the analysts begin to write the report presenting insights with the help of charts, graphs, and tables.