Building Energy Management Systems (BEMS) Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, Mexico, Germany, UK, France, Italy, Spain, Poland, Belgium, Netherlands, Russia, Japan, China, India, South Korea, Malaysia, Sri Lanka, Brazil, Argentina, UAE, South Africa, Saudi Arabia), Application Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI137

Summary Methodology

Building Energy Management Systems Market size is anticipated to witness significant growth during 2020 to 2026. Increasing global demand for energy efficiency in the construction sector will drive the market growth. With the development of the construction and energy ecosystems, this industry has also evolved over the past two years and is today considered a major vertical of the global HVAC and construction space.

Building Energy Management Systems are computerized, integrated systems that are designed to monitor, scrutinize, and control all the energy-related services in the building – such as HVAC systems, power systems, lighting, etc.

Increasing population worldwide has led to a rise in infrastructural development across the globe. However, the construction industry has now become even more stringently regulated, owing to the increasing requirement to lower carbon emissions, driven by the rising installations of energy consuming equipment in buildings. In response, various companies have been bringing about innovative building energy management systems in order to retain control over energy wastage in residential and commercial establishments. Rising demand for real-time remote monitoring and connected systems in most buildings will boost BEMS industry outlook.

Considering the regional landscape, Asia Pacific is anticipated to emerge as a pivotal growth ground for BEMS market, pertaining to the well-established construction industry in the region. Increase in population, the subsequent need for energy-efficient housing, and the gradual adoption of green buildings will augment APAC building energy management systems market share in the years to come. Supportive regulations for adopting green construction practices along with increasing penetration of smart building structures will also provide an impetus to the product demand.

Building energy management systems find ample applications across the residential, commercial, and government sectors. Increasing urbanization trends have led to an upsurge in the demand for durable, connected buildings across the residential sector. Across the U.S. residential industry, labels like ENERGY STAR and building codes such as the International Energy Conservation Code (IECC) provide cost-effective, accurate guidance subject to the heating and cooling equipment installation, lighting, windows, insulation, etc., to help consumers build energy efficient, sustainable houses. Presence of authorized bodies to govern energy consumption in buildings will boost BEMS market size from residential applications.

Some of the companies that form a part of the competitive landscape of building energy management systems include FirstFuel Software (Tendril Networks), Cylon Active Energy (ABB Group), C3 Energy, Azbil, Carma Industries, Daintree Networks (Current), BuildingIQ, Daikin Global, EnerNOC, Inc (Enel X), Echelon Corp (Adesto), Elster EnergyICT, and Ecova, Inc. (ENGIE Insight). Significant vendors also comprise SkyFoundry, Jones Lang LaSalle, Johnson Controls, IBM, Toshiba, Siemens AG, Schneider Electric, Honeywell International, Optimum Energy LLC, eSight Energy, Ingersoll-Rand PLC, and GridPoint.

The contribution of leading industry players has a major role to play in the growth of building energy management systems market size. The last couple of years have witnessed prominent companies undertaking significant tactics to ensure that product innovation stays afloat and so does their position in the market. For example, in 2018, Toshiba launched an all-new mini-BMS system that is specifically designed for use by the people who are unfamiliar with air conditioning, thereby helping them take control. The news system does so without compromising on either the power or its analytical capabilities.

Renowned smart building leader Cylon Controls, last year in May, declared the release of a new portfolio of products. This was inclusive of the IP-based capacitive touch screen display – eXplore, the CBXi Series, and AeroBT – a VAV (Variable Air Volume) mobile balance & testing application. All the products have a major role to play in bringing about innovation in the building automation & controls industry.

The COVID-19 pandemic has had a severe impact on the global economic growth and businesses. The construction industry is said to be one of hard-hit domains, with some of the major projects being either cancelled or delayed. Supply chain bottlenecks are on the cards as well – given the sudden shutdown on the supply of raw material such as glass and steel. Not to mention, the loss of labor due to global lockdowns and the financial losses, due to delays in funded projects. Increased delay and decreased consumer confidence are likely to affect the construction sector as a whole, the impact of which is likely to be felt across the BEMS industry.

The coronavirus spread has also brought about major production roadblocks for software and hardware companies, which is expected to negatively influence the manufacturing of automated security systems, smart alarms, building automation systems, and the like. Lowered production, halt in construction projects, and overall economic downturn is anticipated to deter the growth of building energy management systems market to an extent. However, it is expected that post the stabilization of the global economy and the clearance of the current roadblocks in industrial manufacturing, BEMS market would retain its position in the HVAC space.

What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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