Building Energy Management System Market Poised to Garner Maximum Revenues During 2021-2028
- chhaya chavan
- May 5, 2023
- 3 min read
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 intelligence report blends in the best of both the primary and secondary research techniques to evaluate the project size of the Building Energy Management System industry across different countries. Besides, examining the share occupied by the market leaders the study assesses the sub segments dependent on the primary segments. Apart from this, the study applies qualitative and quantitative study methods to identify the major outcomes of technology upgrades, joint ventures, collaborations, product launches and mergers and acquisitions worldwide. Researchers have used self-explanatory tables, graphs and infographics to present data on customer preference, consumption volume, production capability, distribution channel and supply chain management.
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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:
An in-depth analysis of the different approaches and procedures undertaken by the key players to conduct business efficiently
Offers insights into production and manufacturing value, products and services offered in the market, and fruitful information about investment strategies
Supply chain analysis along with technological advancements offered in the report
The report covers extensive analysis of the trends, drivers, restraints, limitations, threats, and growth opportunities in the Building Energy Management System industry
The report encompasses Building Energy Management System market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis, and other ley elements
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Segmentation:
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
Regional Analysis Covers:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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