Key Players Operating in Building Energy Management Systems Industry

24 April 2019, Global building energy management systems (BEMS) market is projected to grow at a CAGR of 13.59% to reach over USD 7 billion by 2024. High energy cost in the manufacturing and commercial sector has compelled companies to adopt energy-efficient products and systems. Intelligent building energy management products have helped companies reduce the operational cost to a large extent.

Asia Pacific is expected to drive the BEMS market over the forecast period. Increasing industrialization, high power consumption, and green building technologies are projected to boost the market demand in this region. India and China are expected to contribute to Asia Pacific’s market growth on account of rising manufacturing plant setup and growing population.

The U.S. is anticipated to dominate the BEMS market on account of technological developments in energy efficient systems coupled with the implementation of demand response programs. BEMS also helps customers handle variation in prices and save on peak demand charges. Latin America is expected to grow rapidly owing to rising awareness on energy conservation over the forecast period.

The leading companies in building energy management systems market are involved in rigorous R&D activities to achieve energy efficient systems. Emerging firms undertake mergers & acquisitions to gain market share in developing as well as developed regions.

Key players operating in building energy management systems market are SkyFoundry, Verisae, Toshiba, Siemens AG, Optimum Energy LLC, Schneider Electric, Jones Lang LaSalle, Johnson Controls, IBM, Ingersoll -Rand PLC, Honeywell International, eSight Energy, GridPoint. Other participants of this market are FirstFuel Software, EnerNOC, Inc., Ecova, Inc., Elster EnergyICT, Echelon Corp., Daikin Industries, Daintree Networks, Cylon Active Energy, C3 Energy, Carma Industries, BuildingIQ Carma Industries, ABB Group, and Azbil.