DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/8sqtq5/building_energy) has announced the addition of the "Building Energy Management System Market in APAC 2015-2019" report to their offering.
The building energy management system market in APAC to grow at a CAGR of 18.1% over the period 2014-2019.
Building energy management systems (BEMS) are deployed in buildings for efficient energy performance. It controls and manages building facilities such as lighting, electricity, fire precautions, safety, security, and heating, ventilation, and air-conditioning. They are installed in commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings for effective facility management.
The report includes the present scenario and the growth prospects of the building energy management system market in APAC for the period 2015-2019. The market can be segmented into three divisions on the basis of components: Hardware, software, and services.
One of the most effective methods of reducing energy usage in the industrial sector is employing energy management systems. These systems record energy consumption data, normalize energy data to determine the influencing factors, and analyze data to understand consumption trends and compare with historical data to identify glitches and areas for improvement. Companies can create targets, monitor consumption, and make adjustments for reducing energy consumption. The adoption of these systems in the industrial sector increased after the introduction of ISO 50001 in 2011, a standard for energy management, which governs policies for efficient use of energy and fixes targets and objectives.
According to the report, building management software increases organizational cost savings as it facilitates efficient energy management. Also, increments in cost savings and efficient deployment of the software result in improved productivity. The comfort level in a building is the key factor influencing productivity. In an organization, lighting, with efficient temperature and acoustics controls are the key factors that require controlling to increase employee comfort. The practical implementation enables efficient control and management of building resources and services that lead to greater productivity. Better and more natural lighting, good quality of air, and suitable temperatures in the workplace can improve employees' health, and thus increase efficiency.
Further, the report states that lack of trained and skilled labor to execute the development process pose a challenge to the market growth.
- GE Lighting
- Schneider Electric
- Siemens Building Technologies
Other Prominent Vendors
- Beijing PowerU Technology
- Johnson Controls
- Kumho Electric
- Samsung Group
For more information visit http://www.researchandmarkets.com/research/8sqtq5/building_energy