The Global Market for Building Energy Management Systems (BEMS) is Projected to Reach US$8.8 Billion by 2024
Need for Efficient Energy Management and Regulatory Pressures 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$8.8 billion by 2024 , driven by pressing need for efficient energy management, regulatory pressure to curb energy wastage, upcoming smart building technologies, BEMS’ role in green building movement, and introduction of renewable energy standards and policies. Building energy management systems (BEMS), an integrated system comprising hardware, software, and services that leverage information and communication technology for monitoring, automating, and controlling energy consumption, is primarily desi...