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Building Energy Management Systems Market is Estimated to Grow over $6 Billion by 2023, Leading Players: Azbil, ABB Group, BuildingIQ, Carma Industries, C3 Energy

Author : Rahul Varpe | Published Date : 2019-04-08 

Global Market Insights provides a detailed overview of Building Energy Management Systems market with respect to the pivotal drivers influencing the revenue graph of this business sphere. The current trends of Building Energy Management Systems market in conjunction with the geographical landscape, demand spectrum, remuneration scale, and growth graph of this vertical have also been included in this report.

Asia Pacific Building Energy Management Systems (BEMS)  Market size is forecast to experience significant growth. The surging demand for these systems can be attributed to increasing popularity of green building technologies across the region. Latin America is predicted to witness high growth prospects owing to increasing awareness regarding energy conservation over the forecast period.

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Rising awareness regarding efficient use of energy at corporate and government levels is anticipated to propel building energy management systems market demand in commercial, residential as well as industrial sectors. The building sector is primarily responsible for global greenhouse gas emission as well as energy consumption.

Surging energy prices and managing energy costs for commercial as well as residential buildings is expected to boost building energy management systems market size over the next few years. These sectors have been adopting various appropriate technologies for controlling, conserving, and monitoring energy.

Participants constituting global building energy management systems share include:

  • Azbil
  • ABB Group
  • BuildingIQ
  • Carma Industries
  • C3 Energy
  • Cylon Active Energy
  • Daintree Networks
  • Daikin Industries
  • Echelon Corp.
  • Elster EnergyICT
  • Ecova Inc.
  • EnerNOC Inc.
  • FirstFuel Software
  • GridPoint
  • eSight Energy
  • Honeywell International
  • Ingersoll-Rand PLC
  • IBM
  • Johnson Controls
  • Jones Lang LaSalle
  • Schneider Electric
  • Optimum Energy LLC
  • Siemens AG
  • Toshiba
  • Verisae
  • SkyFoundry

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BMS and BEMS share numerous similarities apart from a unique distinction; BMS includes the energy management capabilities along with other functionalities that include alarm, fire, security, closed circuit television (CCTV), safety and mechanical building controls. The data gathered by BEMS is utilized by BMS and it is likely to become a vital component of BMS solution. This in turn is anticipated to positively impact building energy management systems market share over the forecast period.

U.S. BEMS market size is predicted to be the largest regional segment and is likely to maintain its dominance owing to rising interest in highly developed energy technologies as well as implementation of demand response programs over the coming years. These programs are likely to promote restricted energy usage and enable customers to tackle changing prices and handle the utility needs for saving peak loads.

Advent of innovative technologies accompanied by maturing of existing technologies is predicted to drive applicability across various industry sectors. Rapid urban infrastructure development, particularly the swift growth of smart buildings is anticipated to be one of the major factors driving building energy management systems market share from 2015 to 2022.

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About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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