The Latin America, Middle East and Africa Building Energy Management Systems Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).
The integration of BEMS with IoT devices is a transformative trend. IoT sensors and devices provide real-time data on various aspects of building operations, enabling more granular control and optimization of energy consumption. Enhanced data granularity allows BEMS to make more informed decisions, optimize energy usage based on real-time conditions, and improve overall system efficiency. BEMS is increasingly incorporating advanced data analytics and AI algorithms. These technologies enable predictive analytics, anomaly detection, and continuous optimization by analyzing historical data and real-time inputs. Predictive analytics enhances the proactive capabilities of BEMS, allowing for the prediction of energy demands, equipment failures, and opportunities for optimization, thereby improving overall system performance.
Cloud-based BEMS solutions are gaining prominence, offering scalability, flexibility, and accessibility. These solutions eliminate the need for extensive on-premises infrastructure and provide remote access to BEMS data and controls. Cloud-based solutions democratize access to BEMS, making them more affordable and scalable for a broader range of businesses, including small and medium-sized enterprises. The trend toward modular and scalable BEMS solutions enables businesses to begin with basic features and expand as needed. This approach promotes flexibility, cost-effectiveness, and easier integration with existing building systems. Organizations can adopt BEMS at a pace that aligns with their budget and operational requirements, making it more accessible and feasible for diverse industries.
Saudi Arabia has launched ambitious smart city initiatives, such as NEOM and the Saudi Vision 2030. The deployment of IoT sensors is becoming widespread in Saudi Arabia. Buildings in Saudi Arabia are increasingly equipped with IoT-connected devices that contribute to energy efficiency. The deployment of smart meters, connected through IoT in Saudi Arabia, facilitates accurate and efficient energy metering in buildings. Solar and wind energy are among the renewable energy sources in which Saudi Arabia invests. IoT-powered smart lighting systems are becoming increasingly popular in Saudi Arabia. BEMS in Saudi Arabia are fortified with robust cybersecurity measures to ensure their integrity by preventing unauthorized access and potential cyber threats. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA Building Energy Management Systems Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $298.2 Million by 2029. The Argentina market is showcasing a CAGR of 13.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.3% during (2023 - 2030).
Free Valuable Insights: The Worldwide Building Energy Management Systems Market is Projected to reach USD 13.4 Billion by 2030, at a CAGR of 11.1%
Based on Category, the market is segmented into Software, Hardware, and Service. Based on End-User, the market is segmented into Residential, Commercial & Institutional, and Industrial. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
List of Key Companies Profiled
- ABB Ltd.
- General Electric Company
- Honeywell International, Inc.
- Hitachi, Ltd.
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Eaton Corporation PLC
- mCloud Technologies Corp.
LAMEA Building Energy Management Systems Market Report Segmentation
By Category
By End-User
- Residential
- Commercial & Institutional
- Industrial
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Building Energy Management Systems Market, by Category
1.4.2 LAMEA Building Energy Management Systems Market, by End-User
1.4.3 LAMEA Building Energy Management Systems Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Opportunities
3.2.3 Market Restraints
3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Mergers & Acquisition: 2020, Mar – 2023, Oct) Leading Players
4.4 Porter’s Five Forces Analysis
Chapter 5. LAMEA Building Energy Management Systems Market by Category
5.1 LAMEA Software Market by Country
5.2 LAMEA Hardware Market by Country
5.3 LAMEA Service Market by Country
Chapter 6. LAMEA Building Energy Management Systems Market by End-User
6.1 LAMEA Residential Market by Country
6.2 LAMEA Commercial & Institutional Market by Country
6.3 LAMEA Industrial Market by Country
Chapter 7. LAMEA Building Energy Management Systems Market by Country
7.1 Brazil Building Energy Management Systems Market
7.1.1 Brazil Building Energy Management Systems Market by Category
7.1.2 Brazil Building Energy Management Systems Market by End-User
7.2 Argentina Building Energy Management Systems Market
7.2.1 Argentina Building Energy Management Systems Market by Category
7.2.2 Argentina Building Energy Management Systems Market by End-User
7.3 UAE Building Energy Management Systems Market
7.3.1 UAE Building Energy Management Systems Market by Category
7.3.2 UAE Building Energy Management Systems Market by End-User
7.4 Saudi Arabia Building Energy Management Systems Market
7.4.1 Saudi Arabia Building Energy Management Systems Market by Category
7.4.2 Saudi Arabia Building Energy Management Systems Market by End-User
7.5 South Africa Building Energy Management Systems Market
7.5.1 South Africa Building Energy Management Systems Market by Category
7.5.2 South Africa Building Energy Management Systems Market by End-User
7.6 Nigeria Building Energy Management Systems Market
7.6.1 Nigeria Building Energy Management Systems Market by Category
7.6.2 Nigeria Building Energy Management Systems Market by End-User
7.7 Rest of LAMEA Building Energy Management Systems Market
7.7.1 Rest of LAMEA Building Energy Management Systems Market by Category
7.7.2 Rest of LAMEA Building Energy Management Systems Market by End-User
Chapter 8. Company Profiles
8.1 ABB Ltd.
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Product Launches and Product Expansions:
8.1.5.2 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 General Electric Company
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Acquisition and Mergers:
8.2.6 SWOT Analysis
8.3 Honeywell International, Inc.
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expenses
8.3.5 Recent strategies and developments:
8.3.5.1 Partnerships, Collaborations, and Agreements:
8.3.5.2 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Hitachi, Ltd.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 Research & Development Expenses
8.4.5 Recent strategies and developments:
8.4.5.1 Product Launches and Product Expansions:
8.4.5.2 Acquisition and Mergers:
8.4.6 SWOT Analysis
8.5 Siemens AG
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expense
8.5.5 Recent strategies and developments:
8.5.5.1 Partnerships, Collaborations, and Agreements:
8.5.5.2 Product Launches and Product Expansions:
8.5.5.3 Acquisition and Mergers:
8.5.6 SWOT Analysis
8.6 Schneider Electric SE
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Research & Development Expense
8.6.5 Recent strategies and developments:
8.6.5.1 Partnerships, Collaborations, and Agreements:
8.6.5.2 Product Launches and Product Expansions:
8.6.5.3 Acquisition and Mergers:
8.6.6 SWOT Analysis
8.7 Emerson Electric Co.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 Recent strategies and developments:
8.7.5.1 Product Launches and Product Expansions:
8.7.5.2 Acquisition and Mergers:
8.7.6 SWOT Analysis
8.8 Rockwell Automation, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Eaton Corporation PLC
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expense
8.9.5 Recent strategies and developments:
8.9.5.1 Partnerships, Collaborations, and Agreements:
8.9.5.2 Product Launches and Product Expansions:
8.9.5.3 Acquisition and Mergers:
8.9.6 SWOT Analysis
8.10. mCloud Technologies Corp.
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional Analysis
8.10.4 Research & Development Expenses
8.10.5 SWOT Analysis
TABLE 1 LAMEA Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 2 LAMEA Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Building Energy Management Systems Market
TABLE 4 Product Launches And Product Expansions– Building Energy Management Systems Market
TABLE 5 Acquisition and Mergers– Building Energy Management Systems Market
TABLE 6 LAMEA Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 7 LAMEA Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 8 LAMEA Software Market by Country, 2019 - 2022, USD Million
TABLE 9 LAMEA Software Market by Country, 2023 - 2030, USD Million
TABLE 10 LAMEA Hardware Market by Country, 2019 - 2022, USD Million
TABLE 11 LAMEA Hardware Market by Country, 2023 - 2030, USD Million
TABLE 12 LAMEA Service Market by Country, 2019 - 2022, USD Million
TABLE 13 LAMEA Service Market by Country, 2023 - 2030, USD Million
TABLE 14 LAMEA Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 15 LAMEA Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 16 LAMEA Residential Market by Country, 2019 - 2022, USD Million
TABLE 17 LAMEA Residential Market by Country, 2023 - 2030, USD Million
TABLE 18 LAMEA Commercial & Institutional Market by Country, 2019 - 2022, USD Million
TABLE 19 LAMEA Commercial & Institutional Market by Country, 2023 - 2030, USD Million
TABLE 20 LAMEA Industrial Market by Country, 2019 - 2022, USD Million
TABLE 21 LAMEA Industrial Market by Country, 2023 - 2030, USD Million
TABLE 22 LAMEA Building Energy Management Systems Market by Country, 2019 - 2022, USD Million
TABLE 23 LAMEA Building Energy Management Systems Market by Country, 2023 - 2030, USD Million
TABLE 24 Brazil Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 25 Brazil Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 26 Brazil Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 27 Brazil Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 28 Brazil Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 29 Brazil Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 30 Argentina Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 31 Argentina Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 32 Argentina Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 33 Argentina Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 34 Argentina Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 35 Argentina Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 36 UAE Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 37 UAE Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 38 UAE Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 39 UAE Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 40 UAE Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 41 UAE Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 42 Saudi Arabia Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 43 Saudi Arabia Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 44 Saudi Arabia Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 45 Saudi Arabia Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 46 Saudi Arabia Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 47 Saudi Arabia Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 48 South Africa Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 49 South Africa Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 50 South Africa Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 51 South Africa Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 52 South Africa Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 53 South Africa Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 54 Nigeria Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 55 Nigeria Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 56 Nigeria Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 57 Nigeria Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 58 Nigeria Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 59 Nigeria Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 60 Rest of LAMEA Building Energy Management Systems Market, 2019 - 2022, USD Million
TABLE 61 Rest of LAMEA Building Energy Management Systems Market, 2023 - 2030, USD Million
TABLE 62 Rest of LAMEA Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
TABLE 63 Rest of LAMEA Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
TABLE 64 Rest of LAMEA Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
TABLE 65 Rest of LAMEA Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
TABLE 66 Key Information – ABB Ltd.
TABLE 67 Key Information – General Electric Company
TABLE 68 Key Information – Honeywell International, Inc.
TABLE 69 Key Information – Hitachi, Ltd.
TABLE 70 Key Information – Siemens AG
TABLE 71 Key Information – Schneider Electric SE
TABLE 72 Key Information – Emerson Electric Co.
TABLE 73 Key Information – Rockwell Automation, Inc.
TABLE 74 Key Information – Eaton Corporation PLC
TABLE 75 Key Information – mCloud Technologies Corp.
List of Figures
FIG 1 Methodology for the research
FIG 2 LAMEA Building Energy Management Systems Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Building Energy Management Systems Market
FIG 4 KBV Cardinal Matrix
FIG 5 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 6 Key Strategic Move: (Mergers & Acquisition: 2020, Mar – 2023, Oct) Leading Players
FIG 7 Porter’s Five Forces Analysis - Building Energy Management Systems Market
FIG 8 LAMEA Building Energy Management Systems Market share by Category, 2022
FIG 9 LAMEA Building Energy Management Systems Market share by Category, 2030
FIG 10 LAMEA Building Energy Management Systems Market by Category, 2019 - 2030, USD Million
FIG 11 LAMEA Building Energy Management Systems Market share by End-User, 2022
FIG 12 LAMEA Building Energy Management Systems Market share by End-User, 2030
FIG 13 LAMEA Building Energy Management Systems Market by End-User, 2019 - 2030, USD Million
FIG 14 LAMEA Building Energy Management Systems Market share by Country, 2022
FIG 15 LAMEA Building Energy Management Systems Market share by Country, 2030
FIG 16 LAMEA Building Energy Management Systems Market by Country, 2019 - 2030, USD Million
FIG 17 Recent strategies and developments: ABB Ltd.
FIG 18 SWOT Analysis: ABB ltd.
FIG 19 SWOT Analysis: General electric (GE) Co.
FIG 20 Recent strategies and developments: Honeywell International Inc.
FIG 21 Swot analysis: Honeywell international, inc.
FIG 22 Recent strategies and developments: Hitachi, Ltd
FIG 23 Swot analysis: Hitachi, Ltd.
FIG 24 Recent strategies and developments: Siemens AG
FIG 25 SWOT Analysis: Siemens AG
FIG 26 Recent strategies and developments: Schneider Electric SE
FIG 27 SWOT Analysis: Schneider Electric SE
FIG 28 Recent strategies and developments: Emerson Electric Co.
FIG 29 Swot Analysis: EMERSON ELECTRIC CO.
FIG 30 SWOT Analysis: Rockwell Automation, Inc.
FIG 31 Recent strategies and developments: Eaton Corporation PLC
FIG 32 SWOT Analysis: Eaton Corporation PLC
FIG 33 SWOT Analysis: mCloud Technologies Corp.