Building Energy Management Solutions Market to Reach US$ 15.2 Billion with a CAGR of 12.5% by 2032 | FMI

The building energy management solutions market is projected to grow at a critical CAGR of 12.5% between 2022 and 2032. Building energy management systems market share is expected to increase from a continuous valuation of US$ 4.7 billion in 2022 to a total resource value of US$ 15.2 billion over the specified years.

The increasing general push for energy capability and the mechanical movement in energy-capable building management systems are the primary factors limiting the growth of the building energy management solutions market globally. The building energy management framework is an organized, contemporary method for implementing intelligent energy efficiency in buildings.

The operational tools and materials of the building, such as the heating, lighting, ventilation, and other pertinent power systems, are both monitored and managed by these solutions.

Request a Sample of This Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-1989

The framework for managing building energy enables ongoing monitoring and control of the entire building-related system. The continuous development of the building’s computerization and control systems allows for the efficient use of energy.

Energy request management is a component of building energy management solutions that control improvement energy consumption by coordinating unofficial legislation, financial incentives, and behavioral changes.

Global Building Energy Management Solutions Market: Market Dynamics

Rising energy efficiency standards, broader adaptation to Internet of Things (IoT) technology coupled with analytical solutions, stringent government regulation on energy efficiency, and global initiatives to reduce greenhouse emissions are the key factor driving the global demand for building energy management solutions.

Changing organizational structures, rising energy costs, growing awareness of energy governance, and the developing trend towards smart buildings are further expected to accelerate the demand for building energy management solutions globally.

Additionally, increasing customer understanding of the business benefits of energy management solutions, rising carbon taxes, and favorable government policies to implement energy management solutions are expected to fuel the growth of the building energy management solutions market globally.

However, high implementation costs, unstable economic conditions, and long-term return on investment are some of the factors restraining the growth of the global building energy management solutions market.

Global Building Energy Management Solutions Market: Regional Outlook

Regionally, the global building energy management solutions market can be segmented into North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa (MEA), Asia Pacific excluding Japan (APEJ), and Japan.

North America and Europe market is in an advanced stage of energy management solutions and is expected to dominate the market. Asia Pacific is identified as the fastest-growing market due to its growing economy, technological advancement, expanding infrastructure, smart city initiatives, and industrialization.

Competitive Landscape

How is the Start-up Ecosystem in the Building Energy Management Solutions Market?

The global market for building energy management systems is somewhat dispersed, with a significant portion of sales coming from a substantial percentage of small- and medium-sized producers. Collaborating with other players and service providers in the building energy management market is the key strategy followed by major market vendors to gain a competitive edge.

Contrarily, several new players have come into existence over the past few years, sensing the growing opportunity in this sector in tandem with green initiatives. The Asia Pacific has turned out to be the primary hub for start-ups, given the renewed interest of governments in several countries of the region. For instance, the government-sponsored initiatives “Make in India” and “Made in China 2025” have contributed to the expansion of the manufacturing industry.

As an effective business strategy, new market players have successfully integrated advanced technologies with existing formats. For instance, Athena Security is a company established in 2017 that offers buildings an AI-driven security management system. The solution comes in the shape of an ML layer that uses computer vision and a graphics card to detect potentially harmful things and notifies the stakeholders through an app when a vulnerability is identified.

Global Building Energy Management Solutions Market: Competition Landscape

The key vendors in the global building energy management solutions market are Siemens AG, Schneider Electric, Honeywell International, Inc., Cisco, Eaton., General Electric Company, Johnson Controls., CA Technologies, Ecova, Inc., and Cylon Controls. Collaborating with other players and service providers in the building energy management market is the key strategy followed by major market vendors to gain a competitive edge.

Ask an Analyst @
https://www.futuremarketinsights.com/ask-question/rep-gb-1989

Key Segments in the Building Energy Management Solutions Market

By Component:

  • Hardware
  • Software
  • Sensors
  • Actuators
  • Controls
  • Others

By End User:

  • Industrial
  • Commercial
  • Government
  • Residential
  • Others

By Region:

  • North America
  • Latin America
  • Asia Pacific
  • META
  • Europe

Table of Content

1. Executive Summary | Building Energy Management Solutions Market

1.1. Global Market Outlook

1.2. Demand-side Trends

1.3. Supply-side Trends

1.4. Technology Roadmap Analysis

1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Background

3.1. Market Dynamics

3.1.1. Drivers

3.1.2. Restraints

3.1.3. Opportunity

3.1.4. Trends

3.2. Scenario Forecast

Report Customization available @
https://www.futuremarketinsights.com/customization-available/rep-gb-1989

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization, and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments based on Source, Application, Sales Channel, and End Use over the next 10 years.

Contact Us:

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these