The rise of gated communities in urban areas in emerging countries in recent decades has been a prominent trend that has resulted in increased energy usage by residents. BEMS enables building occupants to make energy-efficient use of diverse electrical and mechanical equipment by providing them with a system that optimizes energy usage. On a larger scale, a variety of existing BEMS systems provide various monitoring and control capabilities, such as smart metering options, to help manage energy use. BEMS also assisted in bypassing emitted waste energy to productive applications, such as heating water.
The globe is probably witnessing two major trends: rising fossil fuel prices and concerns about climate change. Both of these developments push people to conserve energy. According to the World Business Council for Sustainable Development (WBCSD), buildings are among the top five energy consumers. In affluent countries, construction facilities contribute 40% of total primary energy usage. According to the research, present trends in building energy consumption are expected to encourage half of all energy supply investment by 2030.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 12.4 %, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Global Fire Equipment Market in the region, the Value – Chain analysis, and the PORTER’s analysis for the Global Building Energy Management Systems (BEMS) Market at a global level.
The study is consolidated on the basis of segments and further into sub-segments, by Software (Data management, asset performance optimization, Application platform, HVAC systems and lighting systems) by Communication technology (Wired and Wireless) by Industry (Manufacturing, Telecom and IT, Office and Commercial Buildings, Municipal, Others).
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key Players- ABB Ltd., Accruent Inc., Azbil Corporation, BuildingIQ Pty Ltd., C3.ai, Inc., Carma Industries Inc., Daikin Applied, Enel X, eSight Energy Ltd., General Electric Company, GridPoint, Honeywell International, Inc., IBM Corporation, Johnson Controls, Optimum Energy LLC, Schneider Electric SE, Siemens AG, Toshiba Energy Systems & Solutions Corporation
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Building Energy Management Systems (BEMS) Market.”
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