Building Energy Management System Market Merger and Acquisitions, Restraints and Industry Forecast By 2028

The global building energy management system market is expected to reach a market size of USD 16.92 Billion at a steady CAGR of 11.8% in 2028, according to latest analysis by Emergen Research. This steady revenue growth can be attributed to increasing government incentives and policies such as tax benefits related to energy efficiency and associated solutions and services. Policies of government bodies regarding minimization of energy consumption such as Leadership in Energy and Environmental Design (LEED) and Green Rating for Integrated Habitat Assessment (GRIHA) in India is expected to have favorable impact on growth of the building energy management systems market in the country. Similar policies and regulations in other countries is also expected to continue to support overall market growth. The rising need for real-time monitoring and integrated control of buildings and equipment to optimize energy usage is also contributing to growing demand for building energy management systems. Building energy management systems monitor data obtained from various sensors within a building and help to minimize overall energy consumption.

The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the building energy management system industry for evaluation and predictive analysis.

Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with the product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.

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Key Highlights of Report

• In October 2020, Honeywell International Inc. and Vertiv entered into a partnership in order to introduce integrated solutions to optimize data center resiliency, ensure sustainability, and improve operational performance. The companies are expected to leverage building data to minimize energy costs and use, optimize operations, and improve data center sustainability and performance.
• Software segment accounted for largest market share of 2019. Increasing investment by major market players such as Schneider Electric, IBM Corporation, and Honeywell International Inc. for the incorporation of data analytics software in their existing building energy management systems is expected to support growth of the software platforms in the market.
• Wireless building energy management systems segment revenue is expected to expand at a rapid CAGR of 12.1% during the forecast period. Lower cost, greater flexibility, and higher reliability of wireless building energy management systems over hard-wired systems are key factors driving adoption of these systems.
• Commercial segment accounted for a significantly high revenue share in the building energy management system market in 2019. Increasing adoption of building energy management systems in the healthcare sector, corporate sector, hospitality sector, and large shopping complexes is expected to continue to drive revenue growth of the commercial sector segment.
• Europe accounted for largest revenue share contribution to the global building energy management system market in 2019. Increasing adoption of smart grid services and rising demand for energy-efficient solutions and services in countries in the region is boosting market growth.

Major Players/Manufacturers profiled in the report are:

ABB, Accenture, Cisco Systems, Emerson Electric Co., General Electric, Hitachi Ltd., Honeywell international Inc., IBM, Johnson Controls and Schneider Electric

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Global Building Energy Management System Market Report - Segmental Analysis:

• Components and Services Outlook (Revenue, USD Billion; 2021–2028)
• Software
• Hardware
• Services
• Communication Outlook (Revenue, USD Billion; 2021–2028)
• Wired
• Wireless
• End-use Outlook (Revenue, USD Billion; 2021–2028)
• Commercial
• Residential
• Government

North America, Europe, Asia Pacific, and the rest of the world are all included in the analysis of the EMS market. Due to the growing use of energy management systems in the commercial and industrial sectors, North America is predicted to hold the greatest market share. The greatest CAGR is anticipated to occur in the Asia Pacific region during the forecast period as a result of the growing demand for energy-efficient systems in nations like China and India.

Key Geographies Profiled in the Report:

• North America(the U.S., Mexico, and Canada)
• Asia Pacific(China, Japan, India, and Rest of Asia Pacific)
• Europe(the U.K., France, Germany, and Rest of Europe)
• Latin America(Brazil and Rest of Latin America)
• Middle East & Africa(GCC Countries and Rest of Middle East & Africa)

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