Global Building Energy Management Services Market Growth (Status and Outlook) 2023-2029

Global Building Energy Management Services Market Growth (Status and Outlook) 2023-2029

Building Energy Management Systems (BEMS) are hardware-software systems installed in buildings that monitor and control the energy needs of a building to ensure efficient and economical energy utilization. These systems monitor a buildings energy consumption by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and lighting to increase energy efficiency, and reduce energy costs. At present, building systems are integrated for better synchronization and monitoring of data on energy usage and better optimization. The next generation of BEMS are collaborating directly with utility enterprises so that the building owners are aware of when power rates and demand are lowest, allowing proper scheduling of high power use activities to help lower their costs. Energy efficiency, energy price volatility, and government policies and incentive programs majorly drive the growth of this market. Factors such as high investment, and longer payback period are some of the challenges confronted with regards to installation and implementation of BEMS in various type of buildings.

LPI (LP Information)' newest research report, the “Building Energy Management Services Industry Forecast” looks at past sales and reviews total world Building Energy Management Services sales in 2022, providing a comprehensive analysis by region and market sector of projected Building Energy Management Services sales for 2023 through 2029. With Building Energy Management Services sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Building Energy Management Services industry.

This Insight Report provides a comprehensive analysis of the global Building Energy Management Services landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Building Energy Management Services portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Building Energy Management Services market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Building Energy Management Services and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Building Energy Management Services.

The global Building Energy Management Services market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

This market research analysis identifies the increasing need to optimize energy consumption as one of the primary factors that will have a positive impact on the growth of the energy management services market in the next few years. Owing to various infrastructure development activities, the Middle East is witnessing a rapid increase in energy consumption. It has been observed that energy consumption in the Middle East was about 770 million tons of oil equivalent (MTOE) during 2015 and is expected to witness a growth rate of over 4% year-over-year during the forecast period. This will induce governments and enterprises in this region to optimize their energy usage. Moreover, the depleting oil resources will compel businesses to invest in alternate energy sources such as solar, wind, and bioenergy, which, in turn, will propel the need for energy management services.

This report presents a comprehensive overview, market shares, and growth opportunities of Building Energy Management Services market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Consulting
System Integration
Maintenance and Support

Segmentation by application
Commercial Buildings
Residential Buildings
Education
Healthcare

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Emrill Services LLC
EMS
Enova
Etisalat Facilities Management LLC
Farnek Middle East LLC
Saudi Oger
Trane
Musanadah
Cylon

Please note: The report will take approximately 2 business days to prepare and deliver.