According to a new report, published by KBV research, The Global Building Energy Management Systems Market size is expected to reach $13.4 billion by 2030, rising at a market growth of 11.1% CAGR during the forecast period.
The global building energy management systems (BEMS) market has experienced robust growth in recent years, driven by increasing awareness of energy efficiency, stringent government regulations, and the need to reduce carbon emissions. BEMS encompasses a range of technologies and solutions designed to monitor, control, and optimize energy usage within buildings, including heating, ventilation, air conditioning (HVAC), lighting, and other systems. These systems leverage advanced sensors, data analytics, and automation to identify inefficiencies, implement energy-saving strategies, and improve overall building performance.
One key driver of the BEMS market is the growing focus on sustainability and environmental stewardship. Governments worldwide are implementing policies and incentives to promote energy conservation and reduce greenhouse gas emissions, spurring the adoption of BEMS solutions across residential, commercial, and industrial sectors. Additionally, rising energy costs and the increasing demand for smart buildings with integrated energy management capabilities are further fueling market growth.
Advancements in technology, such as the Internet of Things (IoT), cloud computing, and artificial intelligence (AI), are also driving innovation in the BEMS market. These technologies enable real-time monitoring, remote control, and predictive analytics, empowering building owners and facility managers to make data-driven decisions to optimize energy usage, reduce operational costs, and enhance occupant comfort. As businesses and organizations seek to meet sustainability goals and achieve operational efficiency, the demand for BEMS solutions is expected to continue growing, presenting lucrative opportunities for vendors and service providers in the global market.
The Software segment is leading the Global Building Energy Management Systems Market by Category in 2022; thereby, achieving a market value of $4.7 Billion by 2029. BEMS software automates energy-saving strategies based on predefined rules, occupancy schedules, and environmental conditions. This includes automatically adjusting HVAC settings, lighting levels, and other energy-consuming systems. BEMS software is often customizable to meet the specific needs of different buildings and organizations. It is designed to be scalable, allowing for adding new features, sensors, and functionalities as the organization’s requirements evolve.
The Commercial & Institutional segment is experiencing a CAGR of 11.3% during (2023 - 2030). Commercial buildings and institutional facilities equipped with BEMS may have increased resale or lease value. Energy-efficient and smart buildings are attractive to businesses, tenants, and educational institutions seeking cost-effective and sustainable spaces. BEMS enables the implementation of smart building features like occupancy sensing, adaptive lighting, and intelligent HVAC controls. These features enhance the overall intelligence and responsiveness of commercial and institutional buildings.
Full Report: https://www.kbvresearch.com/building-energy-management-systems-market/
The Asia Pacific region dominated the Global Building Energy Management Systems Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5.0 Billion by 2030. The Europe region is poised to grow a CAGR of 10.9% during (2023 - 2030). Additionally, The North America region would witness a CAGR of 10.3% during (2023 - 2030).
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