The world is facing huge challenge regarding the current energy consumption rates and the rising carbon producing fuel sources which is causing significant harm to the environment. According to US Department of Energy (DOE), commercial building consume almost 20% of the energy produced in Unites States, while both commercial and residential buildings produce about 38% of the greenhouse gas emissions. On the other hand, rising energy prices have significantly fostered the need for efficient management of energy costs in buildings with both residential and commercial facilities. Rising concerns to conserve energy and to meet future demand for energy which is expected to rise globally by 50% by 2050 has significantly impelled the growth of building energy management system market. The global building energy management system market is largely dominated by North America with 30.0% share in the global market, followed by Europe with 28.0%market shares.
According to Goldstein Research, the global building energy management system (BEMS) market size
is expected to reach USD 9.2 billion by 2024 from USD 2.8 billion in 2016, growing at a CAGR of 16.0% over the forecast period through 2024.
Global Building Energy Management System Market can be segmented as follows:
By Component Type
- Communication Networks
- Control Systems
By End Users
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- North America Building Energy Management System Market Analysis, 2016-2024
- Europe Building Energy Management System Market Analysis, 2016-2024
- Middle East And Africa Building Energy Management System Market Analysis, 2016-2024
- Latin America Building Energy Management System Market Analysis, 2016-2024
- Asia Pacific Building Energy Management System Market Analysis, 2016-2024
- Rest Of The World Building Energy Management System Market Analysis, 2016-2024
“Global Building Energy Management System Market Outlook 2024” discusses a comprehensive overview of the global building energy management system market in terms of market segmentation by component type, end users and geography.
The Global Building Energy Management System Market Report highlights the in-depth analysis of building an energy management system market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major global players discussed in the global building energy management system market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities, and investments. Major players of the global building energy management system market discussed in the report are: IBM Corp., Siemens AG, Schneider Electric, Honeywell International Inc., Cisco, Eaton, General Electric Company, Johnson Controls Inc., CA Technologies, Ecova Inc., Cylon Controls, Toshiba Corp., Optimum Energy LLC, etc.
Further, Global Building Energy Management System Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Building Energy Management System Market outlook also comprises key challenges, risk analysis, BPS analysis, SWOT Analysis, and Market Attractiveness. The report also showcases the expert analysis on the market to provide a complete overview, including the PESTLE analysis of each region and country.
Global Building Energy Management System Market is getting fuelled on the basis of development in following markets:
Smart Lightning market:
Smart lighting solutions are becoming more versatile and can be implemented into buildings and outdoor environment in numerous ways to save energy and by providing safer and cheaper lighting solutions. On the other hand, stringent government regulations across the globe have significantly fueled the penetration of more energy-efficient light sources such as LEDs. The public outdoor lighting market is currently shifting towards the adoption of efficient LED lights which will foster the smart lighting market growth significantly. The global smart lighting market
accounted for USD 38.1 billion in 2016 and expected to reach USD 54.7 billion by the end of forecast period i.e. 2024. Further smart lighting market size
is anticipated to expand at compound annual growth rate of 4.6% over the forecast period through 2024.
Global Smart Solar Technology Market:
Solar photovoltaic (PV) cells are the fastest-growing supply source for electricity across the globe. Low cost and technologically advance source of energy makes smart solar technology an attractive opportunity for policy makers and industry players who are looking for improving energy security by diversifying the supply and reducing the environmental impact Global smart solar market
valued USD 6.4 billion in 2016 and is anticipated to grow at a CAGR of 17.4% during the forecast period, owing to the increasing adoption of smart solar systems for power utilities across the globe.
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