Building Energy Management System Market Report: Share and Size

Posted on 2018-11-01 by Goldstein Research in Energy // 0 Comments

New York, USA, 2018-Nov-01 — /EPR Network/ —According to Goldstein Research, the global building energy management system market is expected to reach USD 9.2 billion by 2024 from USD 2.8 billion in 2016, growing at a CAGR of 16.0% over the forecast period 2016-2024. The global building energy market is a by the government regulatory pressure for minimizing the energy consumption and lowering energy wastage in buildings. On the other hand, rising energy prices have significantly fostered the need for efficient management of energy costs in buildings with both residential and commercial facilities. The global building energy management system market is largely dominated by North America with 30.0% share in the global market, followed by Europe with 28.0%market shares.

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Market Segmentation

Global Building Energy Management System Market can be segmented as follows:

By Component Type

Communication Networks
Software
Hardware
Control Systems
Sensors
Other

By End Users

Commercial
Industrial
Residential

By Region

North America Building Energy Management System Market Analysis, 2016-2024
Europe Building Energy Management System Market Analysis, 2016-2024
Middle East And Africa Building Energy Management System Market Analysis, 2016-2024
Latin America Building Energy Management System Market Analysis, 2016-2024
Asia Pacific Building Energy Management System Market Analysis, 2016-2024
Rest Of The World Building Energy Management System Market Analysis, 2016-2024

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“Global Building Energy Management System Market Outlook 2024” discusses a comprehensive overview of the global building energy management system market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by component type, end users and geography.

The Global Building Energy Management System Market Report highlights the in-depth analysis of building an energy management system market report that will help the clients to assess their business strategies as per the competitive environment in the market space. The competitive outlook of major global players discussed in the global building energy management system market report includes the business strategies, revenue distribution, financial analysis, product portfolio, R&D activities, and investments.

Major players of the global building energy management system market discussed in the report are: IBM Corp., Siemens AG, Schneider Electric, Honeywell International Inc., Cisco, Eaton, General Electric Company, Johnson Controls Inc., CA Technologies, Ecova Inc., Cylon Controls, Toshiba Corp., Optimum Energy LLC, etc.

Further, Global Building Energy Management System Market Report encompasses the major trends & opportunities, market dynamics and other growth factors of the market. The Building Energy Management System Market outlook also comprises key challenges, risk analysis, BPS analysis, SWOT Analysis, and Market Attractiveness. The report also showcases the expert analysis on the market to provide a complete overview, including the PESTLE analysis of each region and country.

Building energy management system market is driving on the basis of advancement in branches mention below

Smart Lighting Market

The global lighting market is on a clear transition path from conventional lighting technologies to LED and CFLs. The global smart lighting market accounted for USD 38.1 billion in 2016 and expected to reach USD 54.7 billion by the end of forecast period i.e. 2024. Further the market is anticipated to expand at compound annual growth rate of 4.6% over the forecast period i.e. 2016-2024.

Energy Storage Systems Market

Growing electricity demand is propelling the adoption of energy storage systems by energy and utilities sector. Storage technology helps in managing grid resiliency and reliability for generation of According to Goldstein Research, “large amount of energy from wind, solar, and other renewable energy sources and contributes in strong economic growth of the nation. Energy storage system market is estimated to reach USD 296.5 billion by 2024, registering a notable CAGR during the analysis period.

Battery Energy Storage System Market

Electrical power generated requires to be stored efficiently to use it in times of high demand of energy than supply of energy. Global battery energy storage system market is expected to grow at a CAGR of 6.5% during 2017-2025 period to reach a market size nearly USD 10 billion by 2025.

Smart Grid Market

A rapid development of innovative technologies in the energy sector is considered as a major growth engine for the smart grid market. The smart grid is extensively capturing telecommunication and energy sector and witnessing significant investment by technology companies in smart grid technologies and solutions. The market is expected to expand at a compound annual growth rate (CAGR) of 13.15% over the forecast period i.e. 2016-2024.

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