The global demand for Building Energy Management Solution Market is presumed to reach the market size of nearly USD 31.59 MN by 2028 from USD 9.8 MN in 2021 with a CAGR of 18.2% under the study period 2022 - 2028.
Building energy management solution is a computer-based system that automatically monitors and controls electrical and mechanical equipment in a building, such as lighting, power systems, heating, and ventilation. These systems ensure better energy consumption, close to 10% to 30%, and maintain the same comfort and performance.
Market Dynamics
The increase in the construction sector and the growing demand for HVAC control and energy management systems influence the growth of the building energy management solution. At the same time, a surge in demand for HVAC housing, owing to rapid population growth, has supplemented the growth even more. Also, the rising need to minimize energy costs and increase energy efficiency propel market growth. Furthermore, the increased use of wired energy management systems in HVAC and non-HVAC spaces has created lucrative market opportunities. Additionally, growing concerns regarding climate change and rising fossil fuel prices drive an increased focus on energy conservation, which has boosted the adoption of building energy management solutions. However, the high initial cost of deploying building energy management systems hampers the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of building energy management solution. The growth and trends of building energy management solution industry provide a holistic approach to this study.
Market Segmentation
This section of the building energy management solution market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
By Component
- Hardware
- Software
- Services
By Application
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Building Energy Management Solution market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Building Energy Management Solution Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the building energy management solution market include ABB Ltd, Accrent Inc, Mcloud Technologies Inc, General Electric Company, Honeywell International Inc, Hitachi Ltd, Siemens AG, Schneider Electric, Emerson Electric Co, and Rockwell Automation Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized report as per your need.
