Building Energy Management Systems (Bems) Market Size, Industry Analysis Report, 2016 – 2023: Global Market Insights Inc.

Global building energy management systems (BEMS) market size is projected to surpass USD 6 billion by 2023. Increasing regulatory pressure due to increasing energy wastage in building is predicted to drive the industry over the coming years.

Asia Pacific building energy management systems market size is forecast to experience significant growth. The surging demand for these systems can be attributed to increasing popularity of green building technologies across the region. Latin America is predicted to witness high growth prospects owing to increasing awareness regarding energy conservation over the forecast period.

Surging energy prices and managing energy costs for commercial as well as residential buildings is expected to boost building energy management systems market size over the next few years. These sectors have been adopting various appropriate technologies for controlling, conserving, and monitoring energy.

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High energy consuming areas in buildings are office equipment, HVAC systems, catering, pumps, etc. Energy consumption in building amenities that mainly includes the use of fossil fuels adds to air pollution, which is likely to have adverse impact on the environment and also likely affect residents’ health.

In order to manage the carbon dioxide (CO2) emissions and total energy consumption, numerous other energy management systems are being employed such as Facility Energy Management (FEMS), Industrial Energy Management (IEMS), Home Energy Management Systems (HEMS), and Cluster/Community Energy Management System (CEMS).

BEMS involves effective integration of software, hardware, ICT technologies and services. It helps monitor, control and automate lighting as well as HVAC functions in order to manage energy efficiency of the buildings. It also helps in enhancing dwellers’ productivity and comfort. These systems also share functionalities...