Market Overview:
The global building energy management service market is expected to grow from USD 9.5 billion in 2018 to USD 21.8 billion by 2030, at a CAGR of 11.0% from 2018 to 2030. The growth of the global building energy management service market can be attributed to the increasing demand for energy-efficient buildings and rising awareness about the benefits of using building energy management services. The global building energy management service market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into consulting, system integration, maintenance and support.
Product Definition:
A building energy management service is a system that monitors and controls the energy usage in a building. The importance of this service is that it can help to reduce the amount of energy used in a building, which can save money on utility bills. Additionally, it can help to improve the comfort level of occupants in a building by controlling things like temperature and ventilation.
Consulting:
Consulting is a service where an expert is hired by the client to give them advice or help them achieve their goal. The growth factor in building energy management services market is that these services are used widely across various industry verticals such as manufacturing, construction and transportation & logistics. In addition, BEMS also finds applications in commercial and residential buildings owing to its cost-effective nature compared to other conventional energy management solutions available today.
System Integration:
System integration is the process of combining several components or systems to achieve a common goal. In building energy management services (BEMS), system integration is used for procuring, installing and integrating BEMS components into one or more control systems. It helps in monitoring and controlling various aspects of buildings such as electricity consumption, temperature, humidity etc., through one interface which reduces the need for multiple devices.
Application Insights:
The commercial buildings segment dominated the global building energy management service market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing construction of shopping malls, office buildings, hotels and restaurants across various regions. Furthermore, rapid urbanization leading to growth in tourism industry is anticipated to augment demand for BEMS services in commercial buildings over the forecast period.
The residential building segment accounted for a significant share of the market owing to increasing awareness about energy efficient products & services among consumers as well as local authorities encouraging installations through financial subsidies and tax credits. In addition, government initiatives such as ¢â‚¬Å“EUROASHELP¢â‚¬ that provides funding support for installing energy saving measures are further expected fuel demand from this application segment over the next eight years.
Regional Analysis:
Asia Pacific regional market is anticipated to witness significant growth over the forecast period owing to increasing awareness among people about the benefits of energy management and growing government initiatives. The region accounted for a revenue share of more than 30% in 2017, which is expected to grow at a CAGR exceeding 6% from 2018 to 2030. Increasing investments by governments in order to improve infrastructure facilities and reduce environmental pollution are some factors driving the market growth.
The European regional market held a substantial share in 2017 due primarilyto Germany, U.K., Italy, Spain, France and Poland being major countries with high penetration rates for BDEMS services across all categories including commercial buildings (offices), residential buildings (houses) & Government establishments (schools).BDEMS has been legalized on an EU level since 2014 but only few member states have implemented it so far; these include Belgium, Denmark(2016), Finland(2014) Ireland(2015), Luxembourg(2014) Netherlands Norway Swedenand Portugal.
Growth Factors:
- Increasing demand for energy-efficient buildings: The global Building Energy Management Service (BEMS) market is expected to grow at a CAGR of over 9% during the forecast period. This can be attributed to the increasing demand for energy-efficient buildings, as organizations are becoming more aware of the benefits of deploying BEMS solutions.
- Proliferation of smart devices and IoT: The proliferation of smart devices and the growing adoption of IoT are some other factors that are expected to drive the growth of the BEMS market in future. With an increase in connected devices, there is an increased need for efficient management and control systems to manage these devices effectively.
- Stringent government regulations and standards: Stringent government regulations related to energy consumption and emissions are also contributing significantly towards the growth of this market. For instance, Buildings Regulations 2010 in Europe mandates that all new public sector buildings must achieve a minimum level ‘A’ rating on their Energy Performance Certificate (EPC). Similarly, ASHRAE Standard 90.1-2010 sets minimum requirements for energy efficiency in commercial buildings across North America . These stringent regulatory norms are resulting in increased deployment of BEMS solutions worldwide .
Scope Of The Report
Report Attributes
Report Details
Report Title
Building Energy Management Service Market Research Report
By Type
Consulting, System Integration, Maintenance and Support
By Application
Commercial Buildings, Residential Buildings, Government, Healthcare
By Companies
ABB, Accenture, Cisco, Emerson Electric, General Electric, Hitachi, Honeywell, IBM, Johnson Controls, Schneider Electric, C3 Energy, Azbil, Enel X, Adesto
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Building Energy Management Service Market Report Segments:
The global Building Energy Management Service market is segmented on the basis of:
Types
Consulting, System Integration, Maintenance and Support
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Buildings, Residential Buildings, Government, Healthcare
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- ABB
- Accenture
- Cisco
- Emerson Electric
- General Electric
- Hitachi
- Honeywell
- IBM
- Johnson Controls
- Schneider Electric
- C3 Energy
- Azbil
- Enel X
- Adesto
Highlights of The Building Energy Management Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Consulting
- System Integration
- Maintenance and Support
- By Application:
- Commercial Buildings
- Residential Buildings
- Government
- Healthcare
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Building Energy Management Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A Building Energy Management Service (BEMS) is a type of energy management service that helps buildings save energy and money. BEMS can include things like weatherization, insulation, air sealing, and lighting retrofits.
Some of the key players operating in the building energy management service market are ABB, Accenture, Cisco, Emerson Electric, General Electric, Hitachi, Honeywell, IBM, Johnson Controls, Schneider Electric, C3 Energy, Azbil, Enel X, Adesto.
The building energy management service market is expected to register a CAGR of 11%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Building Energy Management Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Building Energy Management Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Building Energy Management Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Building Energy Management Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Building Energy Management Service Market Size & Forecast, 2018-2028
4.5.1 Building Energy Management Service Market Size and Y-o-Y Growth
4.5.2 Building Energy Management Service Market Absolute $ Opportunity
Chapter 5 Global Building Energy Management Service Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Building Energy Management Service Market Size Forecast by Type
5.2.1 Consulting
5.2.2 System Integration
5.2.3 Maintenance and Support
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Building Energy Management Service Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Building Energy Management Service Market Size Forecast by Applications
6.2.1 Commercial Buildings
6.2.2 Residential Buildings
6.2.3 Government
6.2.4 Healthcare
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Building Energy Management Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Building Energy Management Service Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Building Energy Management Service Analysis and Forecast
9.1 Introduction
9.2 North America Building Energy Management Service Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Building Energy Management Service Market Size Forecast by Type
9.6.1 Consulting
9.6.2 System Integration
9.6.3 Maintenance and Support
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Building Energy Management Service Market Size Forecast by Applications
9.10.1 Commercial Buildings
9.10.2 Residential Buildings
9.10.3 Government
9.10.4 Healthcare
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Building Energy Management Service Analysis and Forecast
10.1 Introduction
10.2 Europe Building Energy Management Service Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Building Energy Management Service Market Size Forecast by Type
10.6.1 Consulting
10.6.2 System Integration
10.6.3 Maintenance and Support
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Building Energy Management Service Market Size Forecast by Applications
10.10.1 Commercial Buildings
10.10.2 Residential Buildings
10.10.3 Government
10.10.4 Healthcare
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Building Energy Management Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Building Energy Management Service Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Building Energy Management Service Market Size Forecast by Type
11.6.1 Consulting
11.6.2 System Integration
11.6.3 Maintenance and Support
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Building Energy Management Service Market Size Forecast by Applications
11.10.1 Commercial Buildings
11.10.2 Residential Buildings
11.10.3 Government
11.10.4 Healthcare
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Building Energy Management Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Building Energy Management Service Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Building Energy Management Service Market Size Forecast by Type
12.6.1 Consulting
12.6.2 System Integration
12.6.3 Maintenance and Support
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Building Energy Management Service Market Size Forecast by Applications
12.10.1 Commercial Buildings
12.10.2 Residential Buildings
12.10.3 Government
12.10.4 Healthcare
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Building Energy Management Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Building Energy Management Service Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Building Energy Management Service Market Size Forecast by Type
13.6.1 Consulting
13.6.2 System Integration
13.6.3 Maintenance and Support
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Building Energy Management Service Market Size Forecast by Applications
13.10.1 Commercial Buildings
13.10.2 Residential Buildings
13.10.3 Government
13.10.4 Healthcare
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Building Energy Management Service Market: Competitive Dashboard
14.2 Global Building Energy Management Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ABB
14.3.2 Accenture
14.3.3 Cisco
14.3.4 Emerson Electric
14.3.5 General Electric
14.3.6 Hitachi
14.3.7 Honeywell
14.3.8 IBM
14.3.9 Johnson Controls
14.3.10 Schneider Electric
14.3.11 C3 Energy
14.3.12 Azbil
14.3.13 Enel X
14.3.14 Adesto
