DUBLIN--(BUSINESS WIRE)--The "Global Building Energy Management System (BEMS) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2017 to 2025" report has been added to ResearchAndMarkets.com's offering.
The energy management systems (EMS) market is expected to expand at a CAGR of 14.3% from 2017 to 2025.
The global building energy management systems market is currently in the growth stage of development and is expected to offer ample growth opportunities to all participants across BEMS value chain. The basic need to save and optimize energy consumption is expected to drive building energy management system market demand. With the ever growing population, rise in urbanization, and rapid growth in industrialization, energy consumption has increased manifolds, widening the energy demand-supply gap. Furthermore, with fast depleting fossil fuels, electricity prices are further expected to hike in the coming years.
In view of these futuristic challenges, governments across the globe are enforcing stringent energy standards, guidelines, incentives, and regulations to better manage demand-supply gap. For instance, incentives in form of tax credits to consumers and enacting nationwide standards to relieve manufacturers from the burden of providing different device for different application are all driving market forward. The initiatives, standards, and incentives are all aimed to de-stress the existing energy infrastructure and promote smart and optimum energy management, thereby driving demand for building energy management systems.
- Soaring electricity prices and consequent need to manage electricity consumption and curb electricity bills
- Initiatives taken by the governments across the globe to develop smart cities and smart buildings will aid the market growth
- Emergence of Internet of Things is expected to benefit market growth
- Heightened investments in green technologies
- Positive futuristic outlook for managed BEMS services
- ABB Group
- BuildingIQ, Inc.
- C3 Energy
- Eaton Corporation Plc
- Emerson Electric Company
- EnerNOC, Inc
- General Electric Company
- Honeywell International, Inc.
- Johnson Controls, Inc.
- Rockwell Automation, Inc.
- Schneider Electric SE
- Siemens AG
For more information about this report visit https://www.researchandmarkets.com/research/7f4539/global_building?w=4