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Building Energy Management Solution Market By Component, By Type, By Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 218 Pages
  • June 2022
  • Region: Global
  • Allied Market Research
  • ID: 5670837

The global building energy management solution was valued at $8,810.2 million in 2021, and is projected to reach $44,246.7 million by 2031, growing at a CAGR of 17.2% from 2022 to 2031.



Building energy management system is a computer-based system that monitors and controls a building's electrical and mechanical equipment such as lighting, power systems, heating, and ventilation. The HVAC systems, office equipment, pumps, catering, and fans are some of the areas in the building that use energy management systems.

A building energy management solution is a system of computer aided tools used by operators of electric utility grids to control, monitor, and optimize the performance of the transmission systems. Energy management solutions have gained popularity since they help gain a competitive advantage, increase productivity, and reduce energy costs. Every building small or big is running with the help of energy, so it is need to install energy management systems.

A rise in digitization and an increase in data generated by IoT devices, which boost the growth of the global building energy management solution market. In addition, the rise in inclination towards energy efficiencies, and the rise in gated communities in urban spaces in emerging economies over the past couple of decades is a key trend, which drives the growth of the building energy management solutions market. A smart doorbell system is internet connected doorbell device that sends notifications to the home owner about who arrives at the door. It is compatible with smartphones, IoS Devices, and android devices as well.

Benefits associated with energy management solutions improve energy efficiency, utilization by reconstructing the operation of equipment, controls, and monitor HVAC systems, which in turn, adoption of energy management solutions, in buildings, drives the growth of the market. However, high initial cost related to deploying energy management systems and price volatility in energy management are major restraints for the growth of the building energy management solution market. Furthermore, government initiatives towards the construction of new smart homes are expected to provide lucrative opportunities for the growth of the building energy management solution market.

The global building energy management solution market is segmented into component, application, type and region. On the basis of component, the market is segregated into services, software, and hardware. The services segment dominated the market in 2021. Based on type, the market is segmented into wired, and wireless segments. The wired segment dominate the market in 2021. Based on application, the market is divided into HVAC and non-HVAC. HVAC segment dominate the market in 2021.

Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America region dominated the market in 2021. The key market players profiled in the report of building energy management solution market report include ABB Ltd, Accruent Inc., Mcloud Technologies Inc, General Electric Company, Honeywell International Inc, Hitachi Ltd, Siemens AG, Schneider Electric, Emerson Electric Co, and Rockwell Automation Inc. The major players operating in the global building energy management solution market have adopted key strategies such as business expansion and acquisition to strengthen their market outreach and sustain the stiff competition in the market.

KEY BENEFITS FOR STAKEHOLDERS

  • The report provides an extensive analysis of the current and emerging global building energy management solution market trends and dynamics.
  • In-depth market analysis is conducted by global building energy management solution market estimations for the key market segments between 2021 and 2031.
  • The global building energy management solution market analysis is conducted by following key product positioning and monitoring of the top competitors within the market framework.
  • A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
  • The global building energy management solution market forecast analysis from 2021 to 2031 is included in the report.
  • The key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global building energy management solution market opportunity.

Key Market Segments

By Type

  • Wired
  • Wireless

By Component

  • Hardware
  • Software
  • Services

By Application

  • HVAC
  • Non-HVAC

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • U.K.
  • France
  • Italy
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Latin America
  • Middle East
  • Africa

Key Market Players

  • ABB Ltd
  • Mcloud Technologies Inc
  • General Electric Company
  • Honeywell International Inc
  • Hitachi Ltd
  • Siemens AG
  • Schneider Electric
  • Emerson Electric Co
  • Rockwell Automation Inc
Frequently Asked Questions about the Market

What is the estimated value of the Market?

The Market was estimated to be valued at $8810.2 million in 2021.

What is the growth rate of the Market?

The growth rate of the Market is 17.5%, with an estimated value of $44246.7 million by 2031.

What is the forecasted size of the Market?

The Market is estimated to be worth $44246.7 million by 2031.

Who are the key companies in the Market?

Key companies in the Market include Abb Ltd, Mcloud Technologies Inc, General Electric Company, Honeywell International Inc, Hitachi Ltd, Siemens AG, Schneider Electric and Rockwell Automation Inc.

Table of Contents

CHAPTER 1: INTRODUCTION
1.1.Report description
1.2.Key market segments
1.3.Key benefits to the stakeholders
1.4.Research Methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter’s five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
CHAPTER 4: BUILDING ENERGY MANAGEMENT SOLUTION MARKET, BY COMPONENT
4.1 Overview
4.1.1 Market size and forecast
4.2 Hardware
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Software
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Services
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
CHAPTER 5: BUILDING ENERGY MANAGEMENT SOLUTION MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Wired
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Wireless
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
CHAPTER 6: BUILDING ENERGY MANAGEMENT SOLUTION MARKET, BY APPLICATION
6.1 Overview
6.1.1 Market size and forecast
6.2 HVAC
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Non-HVAC
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: BUILDING ENERGY MANAGEMENT SOLUTION MARKET, BY REGION
7.1 Overview
7.1.1 Market size and forecast
7.2 North America
7.2.1 Key trends and opportunities
7.2.2 North America Market size and forecast, by Component
7.2.3 North America Market size and forecast, by Type
7.2.4 North America Market size and forecast, by Application
7.2.5 North America Market size and forecast, by country
7.2.5.1 U.S.
7.2.5.1.1 Market size and forecast, by Component
7.2.5.1.2 Market size and forecast, by Type
7.2.5.1.3 Market size and forecast, by Application
7.2.5.2 Canada
7.2.5.2.1 Market size and forecast, by Component
7.2.5.2.2 Market size and forecast, by Type
7.2.5.2.3 Market size and forecast, by Application
7.2.5.3 Mexico
7.2.5.3.1 Market size and forecast, by Component
7.2.5.3.2 Market size and forecast, by Type
7.2.5.3.3 Market size and forecast, by Application
7.3 Europe
7.3.1 Key trends and opportunities
7.3.2 Europe Market size and forecast, by Component
7.3.3 Europe Market size and forecast, by Type
7.3.4 Europe Market size and forecast, by Application
7.3.5 Europe Market size and forecast, by country
7.3.5.1 Germany
7.3.5.1.1 Market size and forecast, by Component
7.3.5.1.2 Market size and forecast, by Type
7.3.5.1.3 Market size and forecast, by Application
7.3.5.2 U.K.
7.3.5.2.1 Market size and forecast, by Component
7.3.5.2.2 Market size and forecast, by Type
7.3.5.2.3 Market size and forecast, by Application
7.3.5.3 France
7.3.5.3.1 Market size and forecast, by Component
7.3.5.3.2 Market size and forecast, by Type
7.3.5.3.3 Market size and forecast, by Application
7.3.5.4 Italy
7.3.5.4.1 Market size and forecast, by Component
7.3.5.4.2 Market size and forecast, by Type
7.3.5.4.3 Market size and forecast, by Application
7.3.5.5 Rest of Europe
7.3.5.5.1 Market size and forecast, by Component
7.3.5.5.2 Market size and forecast, by Type
7.3.5.5.3 Market size and forecast, by Application
7.4 Asia-Pacific
7.4.1 Key trends and opportunities
7.4.2 Asia-Pacific Market size and forecast, by Component
7.4.3 Asia-Pacific Market size and forecast, by Type
7.4.4 Asia-Pacific Market size and forecast, by Application
7.4.5 Asia-Pacific Market size and forecast, by country
7.4.5.1 China
7.4.5.1.1 Market size and forecast, by Component
7.4.5.1.2 Market size and forecast, by Type
7.4.5.1.3 Market size and forecast, by Application
7.4.5.2 Japan
7.4.5.2.1 Market size and forecast, by Component
7.4.5.2.2 Market size and forecast, by Type
7.4.5.2.3 Market size and forecast, by Application
7.4.5.3 India
7.4.5.3.1 Market size and forecast, by Component
7.4.5.3.2 Market size and forecast, by Type
7.4.5.3.3 Market size and forecast, by Application
7.4.5.4 South Korea
7.4.5.4.1 Market size and forecast, by Component
7.4.5.4.2 Market size and forecast, by Type
7.4.5.4.3 Market size and forecast, by Application
7.4.5.5 Rest Of Asia Pacific
7.4.5.5.1 Market size and forecast, by Component
7.4.5.5.2 Market size and forecast, by Type
7.4.5.5.3 Market size and forecast, by Application
7.5 LAMEA
7.5.1 Key trends and opportunities
7.5.2 LAMEA Market size and forecast, by Component
7.5.3 LAMEA Market size and forecast, by Type
7.5.4 LAMEA Market size and forecast, by Application
7.5.5 LAMEA Market size and forecast, by country
7.5.5.1 Latin America
7.5.5.1.1 Market size and forecast, by Component
7.5.5.1.2 Market size and forecast, by Type
7.5.5.1.3 Market size and forecast, by Application
7.5.5.2 Middle East
7.5.5.2.1 Market size and forecast, by Component
7.5.5.2.2 Market size and forecast, by Type
7.5.5.2.3 Market size and forecast, by Application
7.5.5.3 Africa
7.5.5.3.1 Market size and forecast, by Component
7.5.5.3.2 Market size and forecast, by Type
7.5.5.3.3 Market size and forecast, by Application
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 ABB Ltd
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Mcloud Technologies Inc
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 General Electric Company
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 Honeywell International Inc
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Hitachi Ltd
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 Siemens AG
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 Schneider Electric
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Emerson Electric Co
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Rockwell Automation Inc
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Rockwell Automation Inc.
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
List of Tables
Table 1. Global Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 2. Building Energy Management Solution Market Revenue, for Hardware, by Region , 2021-2031,($Million)
Table 3. Building Energy Management Solution Market for Hardware by Country, 2021-2031,($Million)
Table 4. Building Energy Management Solution Market Revenue, for Software, by Region , 2021-2031,($Million)
Table 5. Building Energy Management Solution Market for Software by Country, 2021-2031,($Million)
Table 6. Building Energy Management Solution Market Revenue, for Services, by Region , 2021-2031,($Million)
Table 7. Building Energy Management Solution Market for Services by Country, 2021-2031,($Million)
Table 8. Global Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 9. Building Energy Management Solution Market Revenue, for Wired, by Region , 2021-2031,($Million)
Table 10. Building Energy Management Solution Market for Wired by Country, 2021-2031,($Million)
Table 11. Building Energy Management Solution Market Revenue, for Wireless, by Region , 2021-2031,($Million)
Table 12. Building Energy Management Solution Market for Wireless by Country, 2021-2031,($Million)
Table 13. Global Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 14. Building Energy Management Solution Market Revenue, for HVAC, by Region , 2021-2031,($Million)
Table 15. Building Energy Management Solution Market for HVAC by Country, 2021-2031,($Million)
Table 16. Building Energy Management Solution Market Revenue, for Non-HVAC, by Region , 2021-2031,($Million)
Table 17. Building Energy Management Solution Market for Non-HVAC by Country, 2021-2031,($Million)
Table 18. Building Energy Management Solution Market, by Region, 2021-2031,($Million)
Table 19. North America Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 20. North America Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 21. North America Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 22. North America Building Energy Management Solution Market, by Country, 2021-2031,($Million)
Table 23. U.S. Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 24. U.S. Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 25. U.S. Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 26. Canada Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 27. Canada Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 28. Canada Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 29. Mexico Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 30. Mexico Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 31. Mexico Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 32. Europe Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 33. Europe Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 34. Europe Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 35. Europe Building Energy Management Solution Market, by Country, 2021-2031,($Million)
Table 36. Germany Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 37. Germany Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 38. Germany Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 39. U.K. Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 40. U.K. Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 41. U.K. Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 42. France Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 43. France Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 44. France Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 45. Italy Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 46. Italy Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 47. Italy Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 48. Rest of Europe Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 49. Rest of Europe Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 50. Rest of Europe Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 51. Asia-Pacific Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 52. Asia-Pacific Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 53. Asia-Pacific Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 54. Asia-Pacific Building Energy Management Solution Market, by Country, 2021-2031,($Million)
Table 55. China Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 56. China Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 57. China Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 58. Japan Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 59. Japan Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 60. Japan Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 61. India Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 62. India Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 63. India Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 64. South Korea Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 65. South Korea Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 66. South Korea Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 67. Rest of Asia-Pacific Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 68. Rest of Asia-Pacific Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 69. Rest of Asia-Pacific Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 70. LAMEA Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 71. LAMEA Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 72. LAMEA Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 73. LAMEA Building Energy Management Solution Market, by Country, 2021-2031,($Million)
Table 74. Latin America Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 75. Latin America Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 76. Latin America Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 77. Middle East Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 78. Middle East Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 79. Middle East Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 80. Africa Building Energy Management Solution Market, by Component, 2021-2031,($Million)
Table 81. Africa Building Energy Management Solution Market, by Type, 2021-2031,($Million)
Table 82. Africa Building Energy Management Solution Market, by Application, 2021-2031,($Million)
Table 83. Abb Ltd: Company Snapshot
Table 84. Abb Ltd: Operating Segments
Table 85. Abb Ltd: Product Portfolio
Table 86. Abb Ltd: Net Sales
Table 87. Abb Ltd: Key Stratergies
Table 88. Mcloud Technologies Inc: Company Snapshot
Table 89. Mcloud Technologies Inc: Operating Segments
Table 90. Mcloud Technologies Inc: Product Portfolio
Table 91. Mcloud Technologies Inc: Net Sales
Table 92. Mcloud Technologies Inc: Key Stratergies
Table 93. General Electric Company: Company Snapshot
Table 94. General Electric Company: Operating Segments
Table 95. General Electric Company: Product Portfolio
Table 96. General Electric Company: Net Sales
Table 97. General Electric Company: Key Stratergies
Table 98. Honeywell International Inc: Company Snapshot
Table 99. Honeywell International Inc: Operating Segments
Table 100. Honeywell International Inc: Product Portfolio
Table 101. Honeywell International Inc: Net Sales
Table 102. Honeywell International Inc: Key Stratergies
Table 103. Hitachi Ltd: Company Snapshot
Table 104. Hitachi Ltd: Operating Segments
Table 105. Hitachi Ltd: Product Portfolio
Table 106. Hitachi Ltd: Net Sales
Table 107. Hitachi Ltd: Key Stratergies
Table 108. Siemens Ag: Company Snapshot
Table 109. Siemens Ag: Operating Segments
Table 110. Siemens Ag: Product Portfolio
Table 111. Siemens Ag: Net Sales
Table 112. Siemens Ag: Key Stratergies
Table 113. Schneider Electric: Company Snapshot
Table 114. Schneider Electric: Operating Segments
Table 115. Schneider Electric: Product Portfolio
Table 116. Schneider Electric: Net Sales
Table 117. Schneider Electric: Key Stratergies
Table 118. Emerson Electric Co: Company Snapshot
Table 119. Emerson Electric Co: Operating Segments
Table 120. Emerson Electric Co: Product Portfolio
Table 121. Emerson Electric Co: Net Sales
Table 122. Emerson Electric Co: Key Stratergies
Table 123. Rockwell Automation Inc: Company Snapshot
Table 124. Rockwell Automation Inc: Operating Segments
Table 125. Rockwell Automation Inc: Product Portfolio
Table 126. Rockwell Automation Inc: Net Sales
Table 127. Rockwell Automation Inc: Key Stratergies
Table 128. Rockwell Automation Inc.: Company Snapshot
Table 129. Rockwell Automation Inc.: Operating Segments
Table 130. Rockwell Automation Inc.: Product Portfolio
Table 131. Rockwell Automation Inc.: Net Sales
Table 132. Rockwell Automation Inc.: Key Stratergies
List of Figures
Figure 1. Building Energy Management Solution Market Segmentation
Figure 2. Building Energy Management Solution Market,2021-2031
Figure 3. Building Energy Management Solution Market,2021-2031
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Building Energy Management Solution Market:Drivers, Restraints and Opportunities
Figure 12. Building Energy Management Solution Market,By Component,2021(%)
Figure 13. Comparative Share Analysis of Hardware Building Energy Management Solution Market,2021-2031(%)
Figure 14. Comparative Share Analysis of Software Building Energy Management Solution Market,2021-2031(%)
Figure 15. Comparative Share Analysis of Services Building Energy Management Solution Market,2021-2031(%)
Figure 16. Building Energy Management Solution Market,By Type,2021(%)
Figure 17. Comparative Share Analysis of Wired Building Energy Management Solution Market,2021-2031(%)
Figure 18. Comparative Share Analysis of Wireless Building Energy Management Solution Market,2021-2031(%)
Figure 19. Building Energy Management Solution Market,By Application,2021(%)
Figure 20. Comparative Share Analysis of HVAC Building Energy Management Solution Market,2021-2031(%)
Figure 21. Comparative Share Analysis of Non-HVAC Building Energy Management Solution Market,2021-2031(%)
Figure 22. Building Energy Management Solution Market by Region,2021
Figure 23. U.S. Building Energy Management Solution Market,2021-2031($Million)
Figure 24. Canada Building Energy Management Solution Market,2021-2031($Million)
Figure 25. Mexico Building Energy Management Solution Market,2021-2031($Million)
Figure 26. Germany Building Energy Management Solution Market,2021-2031($Million)
Figure 27. U.K. Building Energy Management Solution Market,2021-2031($Million)
Figure 28. France Building Energy Management Solution Market,2021-2031($Million)
Figure 29. Italy Building Energy Management Solution Market,2021-2031($Million)
Figure 30. Rest of Europe Building Energy Management Solution Market,2021-2031($Million)
Figure 31. China Building Energy Management Solution Market,2021-2031($Million)
Figure 32. Japan Building Energy Management Solution Market,2021-2031($Million)
Figure 33. India Building Energy Management Solution Market,2021-2031($Million)
Figure 34. South Korea Building Energy Management Solution Market,2021-2031($Million)
Figure 35. Rest of Asia-Pacific Building Energy Management Solution Market,2021-2031($Million)
Figure 36. Latin America Building Energy Management Solution Market,2021-2031($Million)
Figure 37. Middle East Building Energy Management Solution Market,2021-2031($Million)
Figure 38. Africa Building Energy Management Solution Market,2021-2031($Million)
Figure 39. Top Winning Strategies, by Year
Figure 40. Top Winning Strategies, by Development
Figure 41. Top Winning Strategies, by Company
Figure 42. Product Mapping of Top 10 Players
Figure 43. Competitive Dashboard
Figure 44. Competitive Heatmap of Top 10 Key Players
Figure 45. ABB Ltd.: Net Sales ,($Million)
Figure 46. Mcloud Technologies Inc.: Net Sales ,($Million)
Figure 47. General Electric Company.: Net Sales ,($Million)
Figure 48. Honeywell International Inc.: Net Sales ,($Million)
Figure 49. Hitachi Ltd.: Net Sales ,($Million)
Figure 50. Siemens AG.: Net Sales ,($Million)
Figure 51. Schneider Electric.: Net Sales ,($Million)
Figure 52. Emerson Electric Co.: Net Sales ,($Million)
Figure 53. Rockwell Automation Inc.: Net Sales ,($Million)
Figure 54. Rockwell Automation Inc..: Net Sales ,($Million)

Executive Summary

According to the report, titled, “Building Energy Management Solution Market," The building energy management solution market size was valued at $8.8 billion in 2021, and is estimated to reach $44.2 billion by 2031, growing at a CAGR of 17.2% from 2022 to 2031.

Building energy management solution are hardware/software systems that are installed in HVAC, and Non-HVAC spaces to observe and regulate the energy requirements of building, and to ensure the efficiency and optimum utilization of the energy. A rise in disposable income of population, and improved lifestyle, and increase in awareness about using HVAC control, monitor and control energy management applications, have boosted the adoption of energy management systems in HVAC, and Non-HVAC spaces, drives the growth of the building energy management solution market. In addition, a rise in number of smart cities, improved consumer awareness about energy management solutions and growing adoption of IoT based technologies which boost the building energy management solution industry growth.

Major players such as C3.ai, ABB Ltd, and others are engaged in adopting product launch, acquisition, and product development as a key developmental strategy to improve the product portfolio of energy management solutions, boost the growth of the building energy management solution market. For instance, in October 2019, C3.ai, an AI software solutions provider company signed a collaboration with ENGIE, an electric utility company. The collaboration aimed to provide AI-powered energy management solutions for the municipalities, universities, corporate campuses, and hospitals. All such products drive the growth of the market. A rise in adoption of Internet of Things (IoT) technology in the building energy management, which boost the growth of the market.

Moreover, the rise in government spending on smart city projects, which is anticipated to provide lucrative opportunities for the growth of the building energy management solutions, fuels the growth of the building energy management solution market. For instance, the spending on smart city initiatives globally is expected to rise by $189.5 billion in 2023 from $124.0 billion in 2020.

However, numerous manufacturers in the worldwide building energy management solutions market had to halt their business production, due to lockdown imposed in countries such as China, U.S., India, and others due to the coronavirus issue. This disruption has a direct impact on the sales of building energy management solutions. However, reopening of production facilities and introduction of coronavirus vaccines are projected to lead to the reopening of market at full pace. The lack of awareness about energy management solutions in small companies and in developing countries, and high capital required to install energy management systems, boost the building energy management solution market growth. Furthermore, government initiatives to install energy management solutions are anticipated to provide lucrative opportunities for the growth of the market.

The global building energy management solution market is segmented into component, application, type and region. On the basis of component, the market is segregated into services, software, and hardware. Services segment dominate the market in 2021. Based on type, the market is segmented into wired, and wireless segment. Wired segment dominate the market in 2021. Based on application, the market is divided into HVAC and non-HVAC. HVAC segment dominate the market in 2021.

Region wise, the building energy management solution market share is analyzed across North America, Europe, Asia-Pacific, and LAMEA. North America region dominate the market in 2021. The key market players profiled in the report of market report include ABB Ltd, Accruent Inc., Mcloud Technologies Corp, General Electric Company, Honeywell International Inc, Johnson Controls, Siemens AG, Schneider Electric, Emerson Electric Co, and Rockwell Automation Inc. The major players operating in the global market have adopted key strategies such as business expansion and acquisition to strengthen their market outreach and sustain the stiff competition in the market.

Key Findings of the Study

  • The report provides an extensive analysis of the current and emerging global building energy management solution market trends and dynamics.
  • By type, the wired segment dominated the market in terms of revenue in 2020.
  • By application, the HVAC segment registered the highest growth in terms of revenue in the global building energy management solution market in 2020.
  • By component, hardware segment is projected to register the highest growth rate in the coming years.
  • The report provides an extensive analysis of the trends and emerging opportunities of the market.
  • In depth, the global building energy management solution market analysis is conducted by constructing estimations for the key segments between 2021 and 2031.
  • The global building energy management solution market forecast analysis from 2022 to 2031 is included in the report.

Companies Mentioned

  • Abb Ltd
  • Mcloud Technologies Inc
  • General Electric Company
  • Honeywell International Inc
  • Hitachi Ltd
  • Siemens AG
  • Schneider Electric
  • Emerson Electric Co
  • Rockwell Automation Inc

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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