Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

0

No comments posted yet

Comments

Slide 1

Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis +1-646-568-7747 +1-437-886-1181 +44-203-318-6627 +91-120-473-0422, +91-844-785-9968 sales@goldsteinresearch.com Report Code : ER1005

Slide 2

Building Energy Management System Market Outlook Building energy management system enables the large corporations and buildings to monitor their energy consumptions and further control and manage it, in order to achieve efficiency goals by using advanced energy usage control techniques. 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. Additionally, buildings consume over 70% of electricity produced in the U.S. Executives have varied choices o reduce the energy consumption of their buildings. Buildings can be designed and constructed more efficiently to the outset to reduce energy consumption, but these opportunities are limited as existing infrastructure primarily focused on software based solutions to ensure infrastructure runs more efficiently and requires minimal capital investments as compared to the retrofitting projects of existing infrastructure. Mostly Building energy management system market players focus on HVAC (heating, ventilation and air conditioning) equipments to reduce the unnecessary energy consumptions as these equipments are highly energy consuming and sometimes running on full capacity during the period when building is largely unoccupied. For instance, Intel and Daikin Applied have teamed up to introduce solutions for HVAC management. The intelligent HVAC control system utilizes IoT to remotely monitor and control HVAC systems using any mobile device. Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

Slide 3

Market Segmentation By Component Type Communication Networks Software Hardware Control Systems Sensors Other By End Users Commercial Residential Industrial Send Us Sample Request@ https://www.goldsteinresearch.com/request-sample/building-energy-management-system-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Sample Request

Slide 4

Based on Geography North America (US, Canada) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)} Request for TOC@ https://www.goldsteinresearch.com/toc-request/building-energy-management-system-market-outlook-2024-global-opportunity-and-demand-analysis-market-forecast-2016-2024 Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

Slide 5

Market Size and Forecast (2016-2024) The global building energy management system market accounted for USD 2.8 billion in 2016 and expected to reach USD 9.2 billion by the end of forecast period i.e. 2024. Further the market is anticipated to expand at compound annual growth rate of 16.0% over the forecast period i.e. 2016-2024. Geographically, North America and Europe is likely to leading building energy management system demand. North America, accounted for the highest revenue share of more than 30% in global building energy management system market owing to large scale adoption by the U.S government of BEMS in government institutes and buildings. For instance, State of Massachusetts invested in an EnerNOC building energy management system in 2010 to reduce energy cost at 470 state buildings, with annual savings of USD 10 million or 10% to 15% reduction in energy usage. North America region is closely followed by Europe with 28% revenue share in global market. BEMS market growth in Europe is particularly high in countries such as Germany, France and U.K among other European countries owing to rising smart grid services and demand for high energy efficient products. Asia Pacific region showcase huge growth potential growth owing to significant economic growth and a gradual shift toward service based economies. Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

Slide 6

Building energy management system market is majorly driven by the government stringent regulatory pressure to minimize the energy consumption and its wastage in buildings. On the other hand, rising energy prices has significantly fostered the need for efficient management of energy costs in buildings with both residential and commercial facilities. The internet of things has significantly gained traction in past few years in the building energy management system market. Low cost sensors, controllers and secure communication networks are converting the data centre of the commercial building into a data-rich network for business improvement. The best way to lower down the operating costs is to consume less energy. Intelligent building automation for energy management can drastically reduce the energy consumption by as much as 30 percent. Moreover, many tech giants and electronics companies are collaborating in order to lead the energy management market and to explore the untapped market opportunities. For instance, Panasonic Corporation and Schneider Electric collaborated in 2016 to provide integrated HVAC equipment and building management solutions to bring new levels of HVAC and energy efficiency in commercial buildings. Global building energy management system market size is anticipated to reach USD 9.2 Billion by the end of 2024 expanding at a CAGR of 16% over the forecast period. Korea acquired an upper hand in Asia Pacific building energy management system market. This can be attributed towards rapidly growing industrialization in the region. In Asia Pacific region building energy management system market generated about 40% of the energy management system market in 2016, and expected to grow significantly owing to the rising adoption in various sectors such as Telecom & IT, Healthcare and manufacturing sector. Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

Slide 7

Scope Background  Market Synopsis   Market Segmentation   Global building energy management system market segmentation as follows: By Component Type (Market Size, Demand Analysis and Growth Analysis) By End Users Type (Market Size, Demand Analysis and Growth Analysis) By Country North America (U.S., Canada) {Market Size, Growth Analysis and Opportunity Analysis} Latin America (Argentina, Mexico, Brazil and Rest of Latin America) {Market Size, Growth Analysis and Opportunity Analysis} Europe (Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe) {Market Size, Growth Analysis and Opportunity Analysis} Asia-Pacific (China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific) {Market Size, Growth Analysis and Opportunity Analysis} Middle East and North Africa (MENA) {Market Size, Growth Analysis and Opportunity Analysis} Rest of World  {Market Size, Growth Analysis and Opportunity Analysis} Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Sample Request

Slide 8

Market Dynamics: Growth Drivers, Restraints and Opportunities Risk Factors Regional Variations Recent Trends and Developments Key Market Players Synopsis Business Strategy Product Portfolio SWOT Analysis Porter’s Five Force Model Market Landscape: Competition and Beyond Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem Expert Analysis Concluding Remarks Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Sample Request

Slide 9

About Goldstein Research Based in U.S., Goldstein Research is a young business consulting and market research firm with vast reach across America, Asia and parts of Europe and the Middle East. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions. With 30+ domain experts and 50+ employees working day and night to crunch numbers and bring out the best and detailed market reports and forecasts, we strive to enable you to foresee upcoming market challenges and develop a robust business model and strategies, which would add to your profitability and market visibility as a brand. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear cut forecasts. Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis

Slide 10

For more information Contact Us: Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Sample Request

Slide 11

Building Energy Management System Market Outlook 2016-2024 | Insights, Trends, Demand & Competitors Analysis Thank you Thank you

Summary: Building energy management system market is majorly driven by the government stringent regulatory pressure to minimize the energy consumption and its wastage in buildings. On the other hand, rising energy prices has significantly fostered the need for efficient management of energy costs in buildings with both residential and commercial facilities.

Tags: energy management system market size segmentation trends

URL: