Global Building Energy Management System Market 2017-2025: Size, Market Share, Application Analysis, Growth Trends, and Key Players – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Building Energy Management System (BEMS) Market Size, Market Share,
Application Analysis, Regional Outlook, Growth Trends, Key Players,
Competitive Strategies and Forecasts, 2017 to 2025" report has
been added to ResearchAndMarkets.com's offering.

The energy management systems (EMS) market is expected to expand at a
CAGR of 14.3% from 2017 to 2025.

The global building energy management systems market is currently in the
growth stage of development and is expected to offer ample growth
opportunities to all participants across BEMS value chain. The basic
need to save and optimize energy consumption is expected to drive
building energy management system market demand. With the ever growing
population, rise in urbanization, and rapid growth in industrialization,
energy consumption has increased manifolds, widening the energy
demand-supply gap. Furthermore, with fast depleting fossil fuels,
electricity prices are further expected to hike in the coming years.

In view of these futuristic challenges, governments across the globe are
enforcing stringent energy standards, guidelines, incentives, and
regulations to better manage demand-supply gap. For instance, incentives
in form of tax credits to consumers and enacting nationwide standards to
relieve manufacturers from the burden of providing different device for
different application are all driving market forward. The initiatives,
standards, and incentives are all aimed to de-stress the existing energy
infrastructure and promote smart and optimum energy management, thereby
driving demand for building energy management systems.

Key Trends:

• Soaring electricity prices and consequent need to manage electricity
  consumption and curb electricity bills
• Initiatives taken by the governments across the globe to develop smart
  cities and smart buildings will aid the market growth
• Emergence of Internet of Things is expected to benefit market growth
• Heightened investments in green technologies
• Positive futuristic outlook for managed BEMS services

Company Profiles

• ABB Group
• BuildingIQ, Inc.
• C3 Energy
• Eaton Corporation Plc
• Emerson Electric Company
• EnerNOC, Inc
• General Electric Company
• Honeywell International, Inc.
• Johnson Controls, Inc.
• Rockwell Automation, Inc.
• Schneider Electric SE
• Siemens AG

For more information about this report visit https://www.researchandmarkets.com/research/7f4539/global_building?w=4

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Related
Topics: Utilities