Reportstack has announced a new market research report on the global BEMS market 2015-2019, which is projected to grow at a CAGR of 16.5% during the forecast period of 2014-2019.
The market is expected to witness an increase in its growth rate owing to the growing need for enhanced energy management, comfort, and safety controls. Moreover, the decreasing costs of monitoring and control devices are aiding building energy management system (BEMS) to become a cost-effective solution for various buildings. Increased demand to reduce CO2 emissions from buildings has spurred the demand for BEMS.
“Most vendors are integrating software and services to form a platform that will fulfil all the energy requirements, starting from procurement to demand-side management,”.
Complete report available @ Global Building Energy Management System (BEMS) Market 2015-2019.
“For instance, Philips’ Envision project involves the development of user-friendly Envision software, supported by an Envision app that provides solutions tailored to every customer’s requirements.”
Key Market Drivers
Need to Minimize Energy Consumption
Positive Brand Image
Rise in Construction of Smart Grids
Increased Electricity Cost
Regulatory and Legal Requirements
Key Market Trends
Development of User-friendly Programming Platforms
Increased Need for Energy Management
Smart Meter Deployment
Development of Centralized Remote Control System
Development of Industry-specific Building Energy Software
Key Market Vendors
GE Digital Energy
Johnson Controls Inc.
Siemens Building Technologies
To define the market circumstances in the next 3-4 years, the analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
Manager - Marketing
Reportstack Market Research