The building energy management systems (BEMS) are electrical control and monitoring systems used for monitoring and controlling the building's energy needs. These systems can also provide a healthy and pleasant indoor climate, and economical running of the building in respect of both energy and personnel. These systems can be used in both residential and commercial buildings.
The building energy management systems comprised of building control and management functions such as heating, ventilation, and air conditioning (HVAC) to lighting, fire alarm system, security, maintenance, and energy management. These systems involve the use of computers and distributed microprocessors for monitoring, data storage, and communication. These systems can be installed with the maintenance contracts, or manufacturer installations through the wired or wireless systems. The building energy management systems could have the remote outstations accessible from mobile or smart devices. The building energy management systems are also used for monitoring the multiple buildings at the same time and integrating the tasks.
The global building energy management systems market size was worth US$ XX billion in 2018 and is estimated to reach US$ XX billion by 2027, growing at a CAGR of XX % during the forecast period (2020-2027).
Growing Energy Saving Concerns is Driving the Growth of the Market
The market is driven by increasing the demand for the building energy management systems with the rising concerns regarding the energy saving. Energy conservation has an important impact on the national economic performance. It focusses on the educing the need for energy by altering the mindset and behavioral patterns of energy users. Building energy management systems provide the efficient and economical energy utilization as these systems control the energy needs of a residential and commercial buildings. These systems can monitor the energy consumption by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and lighting. Building energy management systems offer the energy savings as these systems enable the building owners and operators to be aware regarding the data driven optimizations to diminish the consumption of energy.
Technological Advancement is Expected to Boost the Market Growth over the Forecast Period
The market is witnessing the technological advancement for the development of the building energy management systems. Several technologies such as artificial intelligence, increasing Internet of Things (IoT) enabled devices, data analytics, edge analytics, cloud solutions, and business model innovation are used for the development of building energy management systems. For instance, in September 2018, New Energy and Industrial Technology Development Organization (NEDO) and Hitachi, Ltd. had begun the demonstration of a cloud-based Advanced Energy Management System. A cloud-based Advanced Energy Management System (AEMS) implemented at a date center would link Battery Energy Storage System (BESS) installed on the consumer side within the demonstration area, energy management systems (xEMS) installed to factories, buildings, homes, and a distribution management system (DMS) installed at an electricity distribution company, to provide services including islanding (autonomous operation during grid failure), voltage dips mitigation measures, and ancillary services (frequency control to electricity transmission system operator) to multiple customers.
High Deployment Cost for Building Energy Management Systems is Hampering the Market Growth
The high deployment cost of building energy management systems is hindering the market growth. The average cost to deploy a basic building energy management systems is at least USD 2.50 per square foot. This cost could be high as USD 7.00 per square foot that is equivalent to at least USD 250,000 for a 100,000 square foot building. The high deployment cost of building energy management systems represents the low return on investment (ROI). The low ROI hinders the consumers to purchase the building energy management systems.
COVID-19 Impact Analysis
The global building energy management systems market has been impacted due to the COVID-19 pandemic as several industrial and non-industrial activities have been severely hindered. COVID-19 pandemic has resulted in full or partial closures of the various industrial activities. The closure of the industrial activities and plants has led to the decreased in the energy demand across the globe. According to the World Economic Forum (WEF), the energy demand has witnessed the decrease of 15% in the various countries such as the United States, France, India, and the United Kingdom. Thus, the COVID-19 has severly impacted the energy management worldwide. On the other hand, the residential sector has witnessed the growth in the household energy consumption. The COVID-19 pandemic has resulted in increasing the home activities including the remote work, powering home appliances, cooling or heating applicances, and streaming entertainment systems.
Software Segment is Expected to Hold the Largest Share in the Building Energy Management Systems Market
The building energy management systems market is classified based on the component as the software, hardware, and service. The software segment accounts for the highest market share of XX% of 2019 due to the higher adoption of the software to centrally monitor devices like HVAC units, lighting systems, and other systems across multiple locations, multiple sites either using central/remote servers or overcloud Internet of Things. The building energy management systems software is effective for reducing energy consumption and improving the utilization of the system. This software increases the reliability and predicting the electrical system performance. The building energy management system software optimizes energy usage for cost reduction. This software facilitates effective energy management, with targets, alerts, and scheduled reports. Several companies are developing several building energy management systems software. BuildingIQ's suite of software offerings involve the use of predictive energy optimization that can forecast the energy demand and automatically adjusts a building's HVAC settings to continuously optimize energy use and peak loads.
By End-Users, Residential Segment is Expected to Hold the Largest Share in the Building Energy Management Systems Market
The market is also classified based on the end-users as the residential, commercial, industrial, and others. The residential segment accounts for the highest market share of XX% in 2019. There is high usage of the building energy management systems for residential applications. The building energy management systems provide cost-effective, cooling equipment installation, lighting, windows, insulation for building energy-efficient, and sustainable houses. This system informs the residents about the energy consumption of residential buildings. It is easy for residents to apply conservation measures. The residents can draw upon this information to apply conservation measures for energy consumption. The presence of the authorized bodies to govern energy consumption in the residential buildings shall stimulate market growth.
Asia Region Holds the Largest Market Share Global Building Energy Management Systems Market
Asia Pacific region is dominating the global building energy management systems market accounted for the largest market share in 2019 due rising installation of building energy management systems for the commercial and residential buildings with the increasing energy consumption because of rapid industrialization and urbanization. There is growing demand for the real-time remote monitoring and connected systems in most buildings. There is high usage of the technological advanced building energy management systems for monitoring and controlling the energy requirement of the building's mechanical and electrical equipment, providing ventilation, power, and lighting systems. The rising environment concerns is promoting the use of the building energy management systems for effective usage of the energy without affecting the climate by providing the heating, ventilation, air condition, refrigeration, security and lighting control techniques. There is rising awareness regarding the benefits of energy management solutions among the consumers. The increasing domestic income and purchasing power shall fuel the market growth.
North America Region is Expected to have Positive Growth During the Forecast Period
The North America segment is expected to have positive market growth due to the rising installations of energy-consuming equipment in buildings that provide lower carbon emissions. There is increasing adoption of the technologically advanced building energy management systems. There is increasing research & development for the novel building energy management systems. There is rising energy efficiency standards for the building energy management systems. There is growing adaptation to the internet of things (IoT) technology coupled with analytical solutions. Several companies are focusing on launching innovative building energy management systems for retaining control over energy wastage in residential and commercial establishments. Companies are providing the IoT-enabled, interoperable architecture and platform for managing the energy in buildings, IT and power infrastructure, manufacturing industries, data centers, and plant and grid. The government has initiated the several initiatives for offering the efficiency in energy consumption and management.
The building energy management systems market studied is a fragmented market with the presence of large number of market players. ABB Ltd., Cisco Systems Inc., C3 Iot, Inc., Cylon Control Ltd., Engie, General Electric, Honeywell International Inc., International Business Machines Corporation, Johnson Controls Inc., Siemens AG, Schneider Electric, BuildingIQ Inc., and eSight Energy are the major players with the significant market share. The major players are adopting several growth strategies such as product launches, mergers, licensing, acquisitions, and collaborations, which are contributing to the growth of the building energy management systems market globally. For instance,
Mergers & Collaborations:
- In June 2019, Infosys had entered into the collaboration with the Microsoft to deliver smart buildings and spaces (SB&S) solutions for the architecture, engineering, construction, facilities management and real estate development markets. This collaboration would help in developing the SB&S solutions with improved energy efficiencies, optimize space utilization. These solutions would enable higher people productivity and deliver differentiated user experiences.
- In March 2019, BuildingIQ had entered into an agreement with Sauter Controls North America for the addition of building controls to its cloud-based optimization platform. The BuildingIQ cloud integration would allow the building owners to undergo the improvements through retrofits, building additions or upgrades to outdated control systems.
- In March 2016, Siemens had entered into the collaboration with the IBM for the development of the cloud-based building energy management solutions. This collaboration would leverage Siemens' building expertise and IBM Internet of Things (IoT) capabilities to maximize the potential of connected buildings and the data they create, helping corporate real estate owners across multiple industries drive business results and meet energy-efficiency goals.
Product Launch & Approvals:
- In February 2020, Honeywell International Inc. had launched the Honeywell Forge Energy Optimization, a cloud-based, closed-loop, machine learning solution that would study the building's energy consumption patterns and automatically adjusts to optimal energy saving settings without compromising occupant comfort levels.
- In March 2019, Mitsubishi Electric had launched the BEAM AX energy management system, an intuitive, cloud-based solution for analyzing the energy usage and costs in commercial buildings resulting in data-driven actionable insights. The BEAM AX energy management system provides the energy advisor services that includes the utility invoice analysis and tariff coaching. The BEAM AX energy management system provides the tools to help analyze energy use, set budget goals, track performance, forecast peak demand, detect usage abnormalities, determine alternative tariffs with potentially lower costs and monitor solar production performance and benefits.
- In May 2018, Honeywell International Inc. had launched the IQVISION, a next-generation building energy management system (BEMS) from Trend Control Systems. The centralized software platform is part of the Honeywell's connected building offering and is designed to help building owners and managers optimize energy usage. The IQVISION software integrates trend controllers, smart devices, and internet protocols into a platform that enables operators to manage and save energy in real-time while optimizing operations using an intuitive graphical interface. It provides graphical energy usage information to standard internet browsers and can integrate third-party devices using open standard protocols such as BACnet, Modbus, MBUS, and KNX.
- In November 2019, Johnson Controls had acquired the EasyIO Building and Energy Management System (BEMS) product line. EasyIO provides a valuable addition to the already robust building automation system portfolio, which includes brands such as Metasys, Facility Explorer, Verasys, and BCPro
- In September 2015, Acuity Brands Lighting, Inc. (a wholly-owned subsidiary of Acuity Brands, Inc.) had acquired the Distech Controls Inc., a leading provider of building automation and energy management solutions that allow for the seamless integration of lighting, HVAC, access control, closed-circuit television, and related systems. Under the terms of the agreement, Acuity Brands Lighting acquired all of the outstanding capital stock of Distech Controls for approximately 318 million Canadian dollars. This acquisition would help the company to enhance the ability to provide the true end-to-end optimization of all aspects of the building, including improved occupant experience, quality visual environment, energy efficiency, operational cost reductions, and increased digital functionality, by leveraging the capability to collect vast amounts of data to better enable the Internet of Things for building owners.
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Table of Contents
1. Global Building Energy Management Systems Market Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Objective and Scope of the Report
2. Global Building Energy Management Systems Market - Market Definition and Overview
3. Global Building Energy Management Systems Market - Executive Summary
- 3.1. Market Snippet by Component
- 3.2. Market Snippet by Communication Technology
- 3.3. Market Snippet by End-Users
- 3.4. Market Snippet by Region
4. Global Building Energy Management Systems Market - Market Dynamics
- 4.1. Market Impacting Factors
- 4.1.1. Drivers
- 188.8.131.52. Growing Technological Advancement
- 184.108.40.206. Increasing Research & Development Activities
- 220.127.116.11. XX
- 4.1.2. Restraints:
- 18.104.22.168. High Cost of Building Energy Management Systems
- 22.214.171.124. Stringent Regulations
- 126.96.36.199. XX
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis
5. Global Building Energy Management Systems Market - Industry Analysis
- 5.1. Porter's Five Forces Analysis
- 5.2. Epidemiology
- 5.3. Pipeline Analysis
- 5.4. Supply Chain Analysis
- 5.5. Pricing Analysis
- 5.6. Regulatory Analysis
- 5.7. Reimbursement Analysis
- 5.8. Unmet Needs
6. Global Building Energy Management Systems Market - COVID-19 Analysis
- 6.1. Analysis of Covid-19 on the Market
- 6.1.1. Before COVID-19 Market Scenario
- 6.1.2. Present COVID-19 Market Scenario
- 6.1.3. After COVID-19 or Future Scenario
- 6.2. Pricing Dynamics Amid Covid-19
- 6.3. Demand-Supply Spectrum
- 6.4. Government Initiatives Related to the Market During Pandemic
- 6.5. Manufacturers Strategic Initiatives
- 6.6. Conclusion
7. Global Building Energy Management Systems Market - By Component
- 7.1. Introduction
- 7.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component Segment
- 7.3. Market Attractiveness Index, By Component Segment
- 7.3.1. Software*
- 188.8.131.52. Introduction
- 184.108.40.206. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 220.127.116.11. Data Management
- 18.104.22.168. Asset Performance Optimization
- 22.214.171.124. Communication Technology Platform
- 126.96.36.199. HVAC System
- 188.8.131.52. Lightning System
- 7.3.2. Hardware
- 7.3.3. Service
- 184.108.40.206. Consulting & Training
- 220.127.116.11. Support & Maintenance
8. Global Building Energy Management Systems Market - By Communication Technology
- 8.1. Introduction
- 8.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Communication Technology
- 8.3. Market Attractiveness Index, By Communication Technology Segment
- 8.3.1. Wired Systems*
- 18.104.22.168. Introduction
- 22.214.171.124. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 8.3.2. Wireless Systems
9. Global Building Energy Management Systems Market - By End-Users
- 9.1. Introduction
- 9.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 9.3. Market Attractiveness Index, By End-Users Segment
- 9.3.1. Residential*
- 126.96.36.199. Introduction
- 188.8.131.52. Market Size Analysis, and Y-o-Y Growth Analysis (%)
- 9.3.2. Commercial
- 9.3.3. Industrial
- 9.3.4. Others
10. Global Building Energy Management Systems Market - By Region
- 10.1. Introduction
- 10.2. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
- 10.3. Market Attractiveness Index, By Region
- 10.4. North America
- 10.4.1. Introduction
- 10.4.2. Key Region-Specific Dynamics
- 10.4.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
- 10.4.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Communication Technology
- 10.4.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 10.4.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 10.4.6.1. U.S.
- 10.4.6.2. Canada
- 10.4.6.3. Mexico
- 10.5. Europe
- 10.5.1. Introduction
- 10.5.2. Key Region-Specific Dynamics
- 10.5.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
- 10.5.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Communication Technology
- 10.5.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 10.5.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 10.5.6.1. Germany
- 10.5.6.2. U.K.
- 10.5.6.3. France
- 10.5.6.4. Italy
- 10.5.6.5. Spain
- 10.5.6.6. Rest of Europe
- 10.6. South America
- 10.6.1. Introduction
- 10.6.2. Key Region-Specific Dynamics
- 10.6.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
- 10.6.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Communication Technology
- 10.6.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 10.6.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 10.6.6.1. Brazil
- 10.6.6.2. Argentina
- 10.6.6.3. Rest of South America
- 10.7. Asia Pacific
- 10.7.1. Introduction
- 10.7.2. Key Region-Specific Dynamics
- 10.7.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
- 10.7.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Communication Technology
- 10.7.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
- 10.7.6. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
- 10.7.6.1. China
- 10.7.6.2. India
- 10.7.6.3. Japan
- 10.7.6.4. Australia
- 10.7.6.5. Rest of Asia Pacific
- 10.8. Middle East and Africa
- 10.8.1. Introduction
- 10.8.2. Key Region-Specific Dynamics
- 10.8.3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Component
- 10.8.4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Communication Technology
- 10.8.5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By End-Users
11. Global Building Energy Management Systems Market - Competitive Landscape
- 11.1. Competitive Scenario
- 11.2. Market Positioning/Share Analysis
- 11.3. Mergers and Acquisitions Analysis
12. Global Building Energy Management Systems Market- Company Profiles
- 12.1. ABB Ltd.*
- 12.1.1. Company Overview
- 12.1.2. Product Portfolio and Description
- 12.1.3. Key Highlights
- 12.1.4. Financial Overview
- 12.2. Cisco Systems Inc.
- 12.3. C3 Iot, Inc.
- 12.4. Cylon Control Ltd.
- 12.5. Engie
- 12.6. Emerson Electric Co.
- 12.7. General Electric
- 12.8. Honeywell International Inc.
- 12.9. International Business Machines Corporation
- 12.10. Johnson Controls Inc.
- 12.11. Siemens AG
- 12.12. Trane Inc.
- 12.13. Schneider Electric
- 12.14. BuildingIQ Inc.
- 12.15. Cylon Controls
- 12.16. EnerNoc Inc.
- 12.17. eSight Energy
- 12.18. Distech Controls Inc.
LIST NOT EXHAUSTIVE
13. Global Building Energy Management Systems Market - Premium Insights
14. Global Building Energy Management Systems Market - DataM
- 14.1. Appendix
- 14.2. About Us and Services
- 14.3. Contact Us