Global Building Energy Management Solutions Market

May 19th 2016 Mumbai, India: Bharatbook.com announces a report on “ Global Building Energy Management Solutions Market By Type (Hardware, Software & Services), By End User (Residential, Commercial & Others), Competition Forecast and Opportunities, 2011 – 2021 ”. Increasing demand for high efficiency heating, ventilation and air conditioning (HVAC) systems is anticipated to be the prime factor boosting demand in global building energy management solutions market in the coming years.

Global building energy management solutions market is witnessing growth, on account of implementation of favorable government policies such as building energy codes and financial incentives to encourage use of energy conservation programs and labeling programs. Increasing demand for high efficiency heating, ventilation and air conditioning (HVAC) systems is anticipated to be the prime factor boosting demand in global building energy management solutions market in the coming years. Increasing number of smart city projects across various developed and developing countries, coupled with rising implementation of energy efficiency measures by public as well as private sector, is playing a significant role in propelling the global building energy management solutions market.

According to “Global Building Energy Management Solutions Market By Type, By End User, Competition Forecast and Opportunities, 2011 – 2021”, global market for building energy management solutions is forecast to grow at a CAGR of over 12% during 2016-2021, due to rising use of building energy management solutions in commercial applications such as enterprises/offices, retail sector, government agencies, IT & telecom, schools & universities and hospitals & healthcare. Rising implementation of stringent measures taken by the government to reduce energy consumption, particularly in commercial buildings is fueling demand for building energy management solutions. In 2015, the hardware segment accounted for the highest...