Global Building Energy Management Systems (BEMS) Industry

Global Building Energy Management Systems (BEMS) Industry

  • September 2020 •
  • 738 pages •
  • Report ID: 3646039 •
  • Format: PDF
COVID-19 Crisis Brings the Environment into the Spotlight. With Energy Management Being Vital for Saving the Environment, BEMS is Poised for a 12.4% Growth Run Over the Next 7 Years

The global Building Energy Management Systems (BEMS) is expected to reach US$8.4billion by the year 2027, trailing a post COVID-19 CAGR of 12.4%, over the analysis period 2020 through 2027. Building Energy Management System (BEMS) are sophisticated systems integrating hardware, software, and services with information and communication technologies for monitoring, automating, managing, and controlling the energy requirements of buildings. BEMS are microcomputer systems that automatically monitor and control energy-consuming electrical and mechanical equipment such as thermostats, HVAC, and lighting within a single building or a group of buildings in order to enhance energy-efficiency and comfort. Components such as air conditioners, lighting, boilers, water heaters, elevating machines, outlet machines, plumbing, and sanitation equipment are controlled through BEMS. BEMS function by connecting building engineering services to a central computer that enables control over on/off times, humidity, temperature and other factors. The concept of BEMS plays a vital role in managing energy demand, especially in multi-building sites and large-sized complex buildings. With the introduction of cloud computing technologies, the functionality BEMS has expanded beyond conventional energy analytics and energy visualization to include demand response and property management. BEMS are primarily used in commercial buildings including hospitals, hotels, educational institutions, club houses, IT parks, malls, and industries.

Although immediate financial challenges may hinder energy efficiency investments in the year 2020, COVID-19 has nevertheless has set the alarm bells ringing. The pandemic has given the world a foretaste of how an environmental crisis can disrupt life as we know it. The rush to turn residential & commercial buildings into smart buildings will be greater post Covid-19 & beyond, as sustainability & safety become top priority for a pandemic scarred world focused on resilience. The increased post pandemic focus shed on energy consumed by the buildings sector is expected to bring fresh opportunities for growth of Building Energy Management Systems (BEMS). The growth in the market will be driven by the growing regulatory pressure to curb energy wastage in buildings; evolution of smart building technologies and their role in pushing up the property value of buildings; legislation of new green building codes; and emergence of IoT and cloud as a potential game changer for the BEMS market. The growing government focus worldwide on stepping up investments in smart cities will benefit demand for BEMS as energy management in smart homes and buildings is the first step towards building energy efficient smart cities. Key benefits of BEMS driving its adoption include reduced cost by conserving energy; helps buildings obtain green certification; provides facility managers real-time visibility into energy consumption trends; easy identification of electrical anomalies; and reduced risk of power spikes, shutdowns and electrical equipment failure. The ongoing migration to smart grids and the resulting grid operators’ adoption of automated demand response (DR) technologies for efficiently managing energy demand is driving the onus on BEMS as a basic prerequisite to deploy DR technologies.

The United States represents the largest market worldwide supported by the growing interest in advanced energy technologies and implementation of demand response programs designed to help consumers voluntarily curtail energy usage in response to changes in prices and utility need for shaving peak loads. In Asia-Pacific, growth will be led by factors such as rapid urbanization and establishment of residential settlements; robust industrialization and increasing establishment of commercial and business buildings; rising energy needs, creaking energy infrastructure, the acute need to conserve energy and the resulting popularity of managed BEMS services. The increasing focus on energy savings presents lucrative growth opportunities for vendors offering building automation and building energy management solutions. The integration of these solutions holds prospects to influence different aspects of building functioning, including energy. The ability of new, connected devices and appliance to generate and transmit data along with emergence of big data analytics offers opportunities to providers of IT, enterprise data and analytics companies. These solutions are anticipated to help building managers in predicting and remediating issues affecting energy performance of buildings. While increasing integration and overlapping of various offerings are likely to affect various players, others are expected to make notable gains and even disrupt the BEMS market with innovations. The scenario is anticipated to benefit companies that can understand building functions and interaction of occupants with a building to provide next-generation solutions.

Competitors identified in this market include, among others,
  • ABB
  • Accruent
  • Azbil Corp.
  • BuildingIQ
  • C3 IoT
  • Carma Industries Inc.
  • Cylon Active Energy
  • Daikin Applied
  • Echelon Corp.
  • EnerNOC, Inc.
  • eSight Energy
  • General Electric Company
  • GridPoint
  • Honeywell International, Inc.
  • IBM Corp.
  • Johnson Controls
  • Optimum Energy LLC
  • Schneider Electric
  • Siemens AG
  • Toshiba Energy Systems & Solutions Corp.