The Global Market for Building Energy Management Systems (BEMS) is Projected to Reach US$5.5 Billion by 2020

Regulatory Pressure to Curb Energy Wastage Fosters Growth in the Building Energy Management Systems Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market share, size and demand forecasts on the global Building Energy Management Systems (BEMS) market. The global market for Building Energy Management Systems (BEMS) is projected to reach US$5.5 billion by 2020, driven by the growing regulatory pressure to curb energy wastage in buildings.

The importance given to energy efficiency at the government and corporate levels is boosting global initiatives for energy management in the industrial, commercial and residential sectors. The building sector accounts for a major share of the global energy consumption and greenhouse gas emissions.

Given the rise in energy prices, managing energy costs in buildings is gaining increased attention with both residential and commercial facilities focusing on effective energy management through the use of appropriate technologies to monitor, control and conserve energy. Several types of energy management systems are utilized for minimizing total energy consumption and CO2 emissions, the most prominent of which are Building Energy Management System (BEMS), Industrial Energy Management (IEMS), Facility Energy Management (FEMS), Cluster/Community Energy Management System (CEMS), and Home Energy Management Systems (HEMS).

BEMS integrate hardware, software, services and ICT technologies to automate, monitor and control HVAC and lighting functions so as to improve the energy efficiency of buildings, and enhance the comfort and productivity of occupants. BEMS also shares functionalities with other building automation technologies such as building automation systems (BAS), and Building Management Systems (BMS). Though BEMS and BMS are related, a major distinction between the two systems is that BMS includes the energy management capabilities of BEMS in addition to other functionalities such as fire, alarm, security, safety, and closed circuit television (CCTV) and mechanical building controls. In the event that both types of systems are included at a single site, BMS may utilize data collected by BEMS. Subsequently, BEMS is becoming a core component of all BMS offerings. With traditional energy resources dwindling, and renewable energy resources failing to grow fast enough to fill the expanding gap between energy demand and supply, governments are pressing ahead with energy policy reforms. The introduction of innovative technologies and maturing of existing technologies are driving adoption of BEMS across the world. Urban infrastructure development, particularly the fast paced growth of smart buildings is a major factor driving demand for BEMS.

As stated by the new market research report on Building Energy Management Systems (BEMS), the United States represents the largest market worldwide, supported by the growing interest in advanced energy technologies and implementation of demand response programs designed to help consumers voluntarily curtail energy usage in response to changes in prices and utility need for shaving peak loads. Asia-Pacific and Latin America are poised to record the fastest growth over the analysis period, led by the growing popularity of green building technologies for conserving energy.

Major players covered in the report include ABB Group, Azbil Corporation, BuildingIQ, C3 Energy, Carma Industries Inc., Cylon Active Energy, Daikin Industries Ltd., Daintree Networks, Inc., Echelon Corp., Ecova, Inc., Elster EnergyICT, EnerNOC, Inc., eSight Energy, FirstFuel Software, Inc., GridPoint, Inc., Honeywell International, Inc., IBM Corp., Ingersoll-Rand PLC, Johnson Controls, Inc., Jones Lang LaSalle Inc., Optimum Energy LLC, Schneider Electric SE, Siemens AG, SkyFoundry LLC, Toshiba Corp., and Verisae, among others.

The research report titled “Building Energy Management Systems (BEMS): A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, issues, drivers, mergers, acquisitions and other strategic industry activities of global companies. The report provides market estimates and projections in US$ Million for all major geographic markets such as the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China, South Korea, and Rest of Asia-Pacific), Middle East & Africa, and Latin America (Brazil and Rest of Latin America).

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