Building Energy Management System Market Size – USD 16.92 Billion in 2028, Market Growth – at a CAGR of 11.8%, Market Trends – Technological advancements in building energy management systems
The Global Building Energy Management System Market Research Report 2021 published by Emergen Research offers a critical overview of the overall market with regards to the market size, market share, market volume, price analysis, global reach, and financial standing. The report further provides an in-depth examination of the key aspects of the industry including factors influencing revenue growth of the industry, regulatory framework, technological and product advancements, growth prospects, along with an impact analysis of the drivers and restraints.
Increasing adoption of IoT-based energy management platforms for monitoring commercial buildings is boosting market growth. Integration of building energy management systems with Building Automation And Control (BAC) systems is also expected to drive market growth.
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The Building Energy Management System market is analyzed with an aim to provide assistance to the readers to gain maximum returns on the investment and to enable an informed decision making process. It provides a comprehensive overview of the supply and demand ratio, competitive landscape, market challenges and growth prospects, and limitations along with a thorough analysis of market drivers and restraints.
Wireless building energy management systems segment revenue is expected to expand at a rapid CAGR of 12.1% during the forecast period. Lower cost, greater flexibility, and higher reliability of wireless building energy management systems over hard-wired systems are key factors driving adoption of these systems.
The research Building Energy Management System report also offers a detailed analysis of the market status, market definition and overview, market share, current and future trends, market drivers and constraints, opportunities and limitations, risks, sales network and distribution channels, details on entry barriers, and market growth prospects. It provides an extensive analysis of the key players operating in the global Building Energy Management System market.
The key players profiled in the report are ABB, Accenture, Cisco Systems, Emerson Electric Co., General Electric, Hitachi Ltd., Honeywell international Inc., IBM, Johnson Controls and Schneider Electric.
The report also offers insights into key factors such as investment opportunities regulatory framework, and technological advancements that are expected to contribute to revenue growth of each regional market.
Europe accounted for largest revenue share contribution to the global building energy management system market in 2019. Increasing adoption of smart grid services and rising demand for energy-efficient solutions and services in countries in the region is boosting market growth.
Key regions covered in the report:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
A SWOT analysis is performed on the leading companies engaged in the Building Energy Management System market to offer a better understanding of the strengths, opportunities, weaknesses, and threats of the leading companies. It also covers production and consumption rate, the volatility of prices and demands, market share, market size, global position, and market position of each player.
The report is further segmented on the basis of types, applications, technology, services, and others to offer a clear understanding of the Building Energy Management System market and its growth scope.
- Components and services Outlook (Revenue, USD Billion; 2021–2028)
- Communication Outlook (Revenue, USD Billion; 2021–2028)
- End-use Outlook (Revenue, USD Billion; 2021–2028)
Significant Features of the Building Energy Management System Market Report:
- Extensive competitive landscape analysis to offer the readers key insights into driving and restraining factors along with strategies adopted by the key players
- Assessment of the existing and emerging trends of the business sphere
- Detailed analysis of the emerging growth opportunities and threats and limitations the players might face in the coming years
- Significant breakdown of the market to assess the factors that might influence the global market growth
- An 8-year forecast for better understanding of the workings and growth opportunities of the market
- Extensive analysis of the key geographical regions to assess market share, market size, production and consumption, revenue contribution, and supply and demand ratio
- Comprehensive overview of the Building Energy Management System market on a regional and global level
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The report also offers an idea of the current scenario along with an impact assessment for the coming years. It analyzes the impact of the pandemic on the business sphere, its leading players, supply chains, distribution channels, global economic scenario, along with the impact of the restrictions on the Building Energy Management System industry.
TOC of Building Energy Management System Market:
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.4. Research Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2020-2028
Chapter 3. Key Insights
Chapter 4. Building Energy Management System Market Segmentation & Impact Analysis
4.1. Building Energy Management System Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
220.127.116.11. Increasing energy consumption and prices
18.104.22.168. Rising government policies regarding energy efficiency
22.214.171.124. Increasing smart grid services
4.2.3. Market restraints analysis
126.96.36.199. Lack of awareness among consumers
188.8.131.52. High initial investment
184.108.40.206. Present challenging economic conditions due to the pandemic
4.3. Technological Insights
4.4. Regulatory Framework
4.5. Porter’s Five Forces Analysis
4.6. Competitive Metric Space Analysis
4.7. Price trend Analysis
4.8. Covid-19 Impact Analysis
Chapter 5. Building Energy Management System Market By Components and services Insights & Trends, Revenue (USD Billion)
5.1. Components and services Dynamics & Market Share, 2020 & 2028
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