Building Energy Management Systems

Software, Services, and Hardware for Energy Efficiency and Systems Optimization: Global Market Analysis and Forecasts

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Jun 29, 2015, 09:15 ET

NEW YORK, June 29, 2015 /PRNewswire/ -- The global market for building energy management systems (BEMSs) continues to grow as technologies reach maturity and customers gain understanding of the business value generated by investment. Across customer segments, the economic impacts of BEMSs continue to dominate the decision-making process. As the cost of supplemental monitoring and control devices continues to decrease, BEMSs are becoming more cost-effective options for a broader set of customers. Furthermore, these systems generate complementary strategic benefits such as greenhouse gas reductions and sustainability improvements that help support the investment decision.

The market landscape continues to evolve as trends such as corporate awareness of the Internet of Things (IoT) and demand for data-driven decision support tools facilitate the adoption of BEMSs. These systems support customer needs with offerings in four categories: visualization and reporting, fault detection and diagnostics, predictive maintenance and continuous improvement, and optimization. Solutions may span across these offering categories or provide tools for one specific offering, and they vary in technology maturity based on functionality and integration. This variability in solution design and functionality reflects the newness of the market and diverse customer needs. According to Navigant Research, the global BEMS market is expected to reach $2.4 billion in 2015 and grow to $10.8 billion by 2024.

This Navigant Research report assesses the global market for BEMSs, including the software, services, and hardware components. The study analyzes the current state of the market and provides insight into the future direction of BEMS offerings based on the functionality of emerging technologies, shifting customer demands, and other market dynamics. Global market forecasts, segmented by region, offering type, and customer type, extend through 2024. The report also examines variations in the adoption of BEMSs across geographies and customer segments, as well as the competitive landscape.

Key Questions Addressed:

What is the definition of a building energy management system (BEMS)?
How have BEMSs evolved in the last 5 years?
Who are the key players in this market?
What are the major drivers for market growth?
How large is the BEMS market and which segments will experience the fastest growth from 2015 to 2024?
What are the technology, customer, and market dynamics shaping the future of BEMSs?

Who needs this report?

Building energy management system (BEMS) providers
Commercial building automation system (CBAS) vendors
Lighting controls manufacturers
Electric utilities
Commercial real estate (CRE) providers
Corporate energy and sustainability executives
Government agencies
Investor community
Read the full report: http://www.reportlinker.com/p0765010-summary/view-report.html

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