Building Energy Management Systems Market

Building energy management systems.

Building energy management systems market.

Increasing global demand for energy efficiency in the construction sector will drive the market growth. The global next generation building energy management systems market is characterized by the presence of several regional and local providers. With a global revenue for building energy management systems of 4 0 billion in 2017 and a forecast for the bems market of over 13 1 billion by 2026 the picture indeed looks rosy. The building management system market was valued at usd 6 65 billion in 2016 and is expected to reach usd 19 25 billion by 2023 at a cagr of 16 71 between 2017 and 2023.

Advancemarketanalytics has segmented the market of global building energy management systems market by type application and region. The report on building energy management system market offers in depth analysis on market trends drivers restraints opportunities etc. The increasing market for smart building across developed and developing economies is anticipated to aid bas s demand. Along with qualitative information this report include the quantitative analysis of various segments in terms of market share growth opportunity analysis market value etc.

Governments across the globe have taken due cognizance of the benefits of effective management of the buildings and their potential savings. The global energy management systems market size is expected to reach 62 3 billion by 2023 from 25 9 billion in 2016 growing at a cagr of 13 5 during the forecast period 2017 2023. Building energy management systems market size is anticipated to witness significant growth during 2020 to 2026. Johnson controls building automation system metasys has been contributing significantly to the continuously growing global next generation building energy management systems market.

With the development of the construction and energy ecosystems this industry has also evolved over the past two years and is. According to johnson controls 2018 energy efficiency indicator survey companies in the us are planning to increase investments in smart building measures including building controls and building systems integration at a higher rate than more traditional energy efficiency. On the basis of geography the market of building energy management systems has been segmented into south america brazil argentina rest of south america asia pacific china japan india south korea taiwan australia rest of asia pacific europe germany. Energy management systems market overview.

Bems market research 2026. The market is segmented by component communication technology end. For the forecast years.