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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 market has been substantially affected by the pandemic, and changes can be seen in the market dynamics and demand trends. Therefore, the report broadly assesses the comprehensive impact of the pandemic on the overall growth of the Building Energy Management System market, besides offering a future COVID-19 impact assessment. Furthermore, the report points out the effective business approaches undertaken by the market players to enhance their product portfolios and prosper considerably.
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Key Players operating in the industry are:
ABB, Accenture, Cisco Systems, Emerson Electric Co., General Electric, Hitachi Ltd., Honeywell international Inc., IBM, Johnson Controls and Schneider Electric
Radical Features of the Building Energy Management System Market Report:
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Segmentation:
Regional Analysis Covers:
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