Building Energy Management Services Market, Global Outlook and Forecast 2023-2032
Building Energy Management Systems (BEMS) are hardware-software systems installed in buildings that monitor and control the energy needs of a building to ensure efficient and economical energy utilization. These systems monitor a buildings energy consumption by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and lighting to increase energy efficiency, and reduce energy costs. At present, building systems are integrated for better synchronization and monitoring of data on energy usage and better optimization. The next generation of BEMS are collaborating directly with utility enterprises so that the building owners are aware of when power rates and demand are lowest, allowing proper scheduling of high power use activities to help lower their costs. Energy efficiency, energy price volatility, and government policies and incentive programs majorly drive the growth of this market. Factors such as high investment, and longer payback period are some of the challenges confronted with regards to installation and implementation of BEMS in various type of buildings.
This report aims to provide a comprehensive presentation of the global market for Building Energy Management Services, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Building Energy Management Services. This report contains market size and forecasts of Building Energy Management Services in global, including the following market information:
Global Building Energy Management Services Market Revenue, 2018-2023, 2024-2032, ($ millions)
Global top five companies in 2022 (%)
The global Building Energy Management Services market was valued at US$ million in 2022 and is projected to reach US$ million by 2029, at a CAGR of % during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
This market research analysis identifies the increasing need to optimize energy consumption as one of the primary factors that will have a positive impact on the growth of the energy management services market in the next few years. Owing to various infrastructure development activities, the Middle East is witnessing a rapid increase in energy consumption. It has been observed that energy consumption in the Middle East was about 770 million tons of oil equivalent (MTOE) during 2015 and is expected to witness a growth rate of over 4% year-over-year during the forecast period. This will induce governments and enterprises in this region to optimize their energy usage. Moreover, the depleting oil resources will compel businesses to invest in alternate energy sources such as solar, wind, and bioenergy, which, in turn, will propel the need for energy management services.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Building Energy Management Services companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Building Energy Management Services Market, by Type, 2018-2023, 2024-2032 ($ millions)
Global Building Energy Management Services Market Segment Percentages, by Type, 2022 (%)
Consulting
System Integration
Maintenance and Support
Global Building Energy Management Services Market, by Application, 2018-2023, 2024-2032 ($ millions)
Global Building Energy Management Services Market Segment Percentages, by Application, 2022 (%)
Commercial Buildings
Residential Buildings
Education
Healthcare
Global Building Energy Management Services Market, By Region and Country, 2018-2023, 2024-2032 ($ Millions)
Global Building Energy Management Services Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Building Energy Management Services revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies Building Energy Management Services revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Emrill Services LLC
EMS
Enova
Etisalat Facilities Management LLC
Farnek Middle East LLC
Saudi Oger
Trane
Musanadah
Cylon
Outline of Major Chapters:
Chapter 1: Introduces the definition of Building Energy Management Services, market overview.
Chapter 2: Global Building Energy Management Services market size in revenue.
Chapter 3: Detailed analysis of Building Energy Management Services company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Building Energy Management Services in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
