Global Intelligent Building Energy Management Systems Market - 2023-2030

Global Intelligent Building Energy Management Systems Market - 2023-2030

Global Intelligent Building Energy Management Systems Market reached US$ 891.6 million in 2022 and is expected to reach US$ 2,073.3 mllion by 2030, growing with a CAGR of 11.1% during the forecast period 2023-2030.

Some of the major companies that have shaped the BEMS competitive environment are Schneider, Honeywell, Siemens, and Johnson Controls. Leading market competitors are creating and designing various building energy management systems in response to the rising client needs thanks to technological developments. Therefore, supplements the market growth.

In January 2023, At the Light Middle East and Intelligent Building Middle East 2023 event, scheduled at the Dubai World Trade Centre from 17 to 19, 2023, European powerhouse ABB has introduced its ABB Cylon Smart Building Management Systems (BMS) for the Middle East region.

Regardless of the size, scalable automation and energy control for a wide range of commercial or industrial buildings are covered by the ABB Cylon Smart Building Management Systems product portfolio. With the help of energy control and management, the BMS enables buildings to automate operations and cut energy expenses. Additionally, it enables real-time supervision and management of the building facility. Therefore, Europe accounts for nearly 1/3rd of the global share.

Market Dynamics
Integrated Technology for Comfort and Efficiency
The demand for sustainable building solutions has increased dramatically as urban populations continue to rise and resources become more limited. With the integration of modern technologies, smart buildings offer an intelligent and connected approach to construction that optimizes energy usage, boosts security, and gives residents more comfort and convenience.

The Internet of Things (IoT) is one of the major forces influencing the growth of intelligent buildings. A building's numerous systems and gadgets may connect with one another, gather data, and make informed decisions in real-time thanks to the IoT. Through centralized control and automation made possible by this connectivity, operational effectiveness and energy waste are both improved.

Increasing Demand for Energy Efficiency
An essential component of intelligent buildings is energy management. These buildings may optimise energy usage by altering lighting, heating, and cooling systems based on occupancy, outside weather conditions, and user preferences by integrating modern sensors and controls.

On Macrh 7, 2023, With the launch of the ABB Ability Building Analyzer, commercial building facility and energy managers now have the choice of a potent new instrument to analyze building utilization and emissions. The new digital solution offers thorough and practical insights that can result in cost savings, increased energy efficiency, time savings, and increased comfort, enabling consumers to take significant steps toward the decarbonization of their buildings.

Lack of Awareness
IBEMS makes use of modern technologies including automation, IoT, and data analytics. Potential clients may be skeptical or perplexed if they are unaware of these technologies. IBEMS adoption may be delayed due to hesitation caused by a lack of knowledge of the technical features of these systems.

The efforts of IBEMS suppliers to generate demand are hampered by a lack of knowledge. Potential clients might not actively seek out these solutions if they are unaware of the advantages or presence of IBEMS. This lack of demand may hamper market expansion and impede the growth of the IBEMS sector as a whole.

COVID-19 Impact Analysis
The epidemic hastened the deployment of IBEMS's remote monitoring and control features. The demand for software-based IBEMS solutions that enable remote monitoring and management of building systems increased as physical access constraints to buildings and remote working became more common. Building managers could now guarantee effective energy management even when they were not always on-site.

A greater emphasis was placed on cost savings and operational efficiency as a result of the pandemic's economic effects. Building owners and operators may now optimise energy use, save operating costs, and find new energy-saving opportunities with the help of IBEMS. During the epidemic, the importance of cost-effective operations and sustainability objectives increased.

Segment Analysis
The global intelligent building energy management systems market is segmented based on component, system, end-user and region.

Analytical Capabilities Drives the Segmental Growth
Software is essential for processing the enormous volumes of energy data that sensors and other devices acquire. Building managers may find chances for energy savings, improve performance, and make wise decisions owing to the advanced data processing, pattern recognition, and predictive analytics that are made possible by this technology. These analytical skills offer a substantial edge in effectively controlling energy.

For instance, to find ways to improve heating, ventilation, and air conditioning (HVAC) systems, the software can analyze historical data on energy use, occupancy patterns, and weather conditions. To achieve energy savings without sacrificing occupant comfort, it might suggest changes to temperature settings, air circulation, and equipment schedules. Therefore, software segment is expected to register a highest growth rate during the forecasted period.

Geographical Analysis
Building Energy Management Systems (BEMS) Propel the Growth of U.S. Intelligent Building Energy Management Systems Market
BEMS make it possible to fully monitor and regulate the equipment, lighting, HVAC, and other energy-consuming systems found in commercial buildings. BEMS can discover energy inefficiencies and make optimisation recommendations by analysing real-time data, which helps building owners and operators save a lot of energy and money.

Additionally, by providing real advantages including energy efficiency, cost savings, demand response capabilities, sustainability, and seamless integration with developing smart building technologies, BEMS boost the growth of U.S. intelligent building energy management systems market. Therefore, U.S. is contributing more than 3/4th of the regional shares during the forecasted period.

Competitive Landscape
The major global players include Siemens AG, Schneider Electric SE, Honeywell International Inc., Johnson Controls International plc, ABB Ltd., Cisco Systems, Inc., Eaton Corporation plc, IBM Corporation, Schneider Electric and BuildingIQ Inc.

Why Purchase the Report?
• To visualize the global intelligent building energy management systems market segmentation based on component, system, end-user and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of intelligent building energy management systems market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as Excel consisting of key products of all the major players.
The global intelligent building energy management systems market report would provide approximately 61 tables, 57 figures and 198 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies