Global Building Energy Management Solutions Market Forecast

Posted by Heidi Schwartz

Smart Building

Photo: Echelon

In the global building energy management solutions market, North America accounts for the majority of the demand due to various policy initiatives taken by the governments coupled with growing number of smart buildings in the region. However, the BEMS market in APAC and South America regions is expected to grow faster compared to other regions in coming years.

These are the findings in the new report entitled Global Building Energy Management Solutions Market Forecast & Opportunities, 2018. The report states that the market revenues of global building energy management solutions are forecast to grow at a CAGR of around 19% during 2013-18. It also projects the following:

  • In the commercial segment, the energy management market is largely being driven by the growing demand for these solutions in enterprises/offices and retail applications on account of rapid urbanization, construction of new buildings, increasing IT spending, increasing adoption of energy efficient solutions, etc. Further, growth in the hospitality and educational buildings is also contributing to the overall market of building energy management solutions. 
  • The demand for energy management solutions in North America and Europe is further supported by various incentives and labeling programs. It is expected that increasing adoption of renewable energy technologies like roof-top solar photovoltaic power plants, wind farms, and energy efficient hardware would drive the market over the next five years.
  • The companies involved in providing energy management solutions are predominantly focusing on new buildings rather than retrofit solutions, as the former offers comparatively higher energy saving potential. In addition, installation of energy management solutions in new buildings is relatively simpler. 

For more information, visit http://www.techsciresearch.com/2654

 

< |||| > 1 2 3 4 5

Global Building Energy Management Solutions Market Forecast

Posted on: by
Smart Buildings

TechSci Research announces a new market research report, "Global Building Energy Management Solutions Market Forecast &... Read More

Question Of The Week: Cooling Tower Blowdown Water Reuse?

Posted on: by
logo-q-of-the-week-icon

What do I do if my plant wants to reclaim cooling tower blowdown water and use it for the purposes of landscape... Read More

Channel Spotlight: Building Automation By KMC Controls

Posted on: by
BAS-Behind-the-Scenes2

KMC Controls offers pneumatic and electronic control devices for heating, ventilation, and air conditioning (HVAC) applications; a complete line of fully programmable digital hardware; and intuitive software for local and remote web-based facility... Read More

Cloud-Ready Office Space A Key Criterion?

Posted on: by
logo-web-only-articles

Global IT traffic has increased more than fourfold in the past five years and will increase threefold over the next five years, according to a 2013 report from... Read More

Friday Funny: Service Call Debacles Can Cost Businesses Big Bucks

Posted on: by
Customer Service Square

The Comcast phone call from hell has been making the rounds, going viral and shaming the company into issuing public apologies for its atrocious treatment of one lone customer. Alas, there are all too many of these incidents out there, and Comcast is not the only offender. And when Americans waste time dealing with service industry issues during work hours, businesses take a massive productivity... Read More

Visit FacilityBlog for more breaking news articles