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Market Overview
- The Global Building Energy Management Systems Market is expected to grow at a CAGR of 17.2% during the forecasting period (2020-2027).
- The building energy management systems (BEMS) are electrical control and monitoring systems used for monitoring and controlling the building's energy needs. These systems control and monitor the variety of other aspects of residential or commercial buildings. The building energy management systems comprised of building control and management functions such as heating, ventilation, and air conditioning (HVAC) to lighting, fire alarm system, security, maintenance, and energy management. These systems involve the use of computers and distributed microprocessors for monitoring, data storage, and communication.
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Market Dynamics:
- The market is driven by the rising demand for the building energy management systems due to their benefits such as increased energy efficiency, improved environmental conditions, improved fire, security and other emergency procedures, improved standards of plant/building functioning, and improved management of the building.
- There is an increase in the launch of building energy management systems. For instance, in May 2018, Honeywell International Inc. had launched the IQVISION, a next-generation building energy management system (BEMS) from Trend Control Systems. The centralized software platform is part of the Honeywell's connected building offering and is designed to help building owners and managers optimize energy usage. The IQVISION software integrates trend controllers, smart devices, and internet protocols into a platform that enables operators to manage and save energy in real-time while optimizing operations using an intuitive graphical interface. It provides graphical energy usage information to standard internet browsers and can integrate third-party devices using open standard protocols such as BACnet, Modbus, MBUS, and KNX.
- In March 2019, Mitsubishi Electric had launched the BEAM AX energy management system, an intuitive, cloud-based solution for analyzing the energy usage and costs in commercial buildings resulting in data-driven actionable insights. The BEAM AX energy management system provides the energy advisor services that includes the utility invoice analysis and tariff coaching. The BEAM AX energy management system provides the tools to help analyze energy use, set budget goals, track performance, forecast peak demand, detect usage abnormalities, determine alternative tariffs with potentially lower costs and monitor solar production performance and benefits.
- The market is witnessing the technological advancement for the development of the building energy management systems. Several technologies such as artificial intelligence, increasing Internet of Things (IoT) enabled devices, data analytics, edge analytics, cloud solutions, and business model innovation are used for the development of building energy management systems. For instance, in September 2018, New Energy and Industrial Technology Development Organization (NEDO) and Hitachi, Ltd. had begun the demonstration of a cloud-based Advanced Energy Management System. A cloud-based Advanced Energy Management System (AEMS) implemented at a date center would link Battery Energy Storage System (BESS) installed on the consumer side within the demonstration area, energy management systems (xEMS) installed to factories, buildings, homes, and a distribution management system (DMS) installed at an electricity distribution company, to provide services including islanding (autonomous operation during grid failure), voltage dips mitigation measures, and ancillary services (frequency control to electricity transmission system operator) to multiple customers.
Segment Analysis
- The global building energy management systems market is segmented based on the component of software, hardware, and service. The software segment accounts for the highest market share of XX% and expected to grow at the highest CAGR during the forecasted period. The building energy management system software can be also used to centrally monitor devices like HVAC units, lighting systems, and other systems across multiple locations, multiple sites either using central/remote servers or overcloud Internet of Things. The building energy management systems software is effective for reducing energy consumption and improving the utilization of the system. This software increases the reliability and predicting the electrical system performance. The building energy management system software optimizes energy usage for cost reduction. This software facilitates effective energy management, with targets, alerts, and scheduled reports. Several companies are developing several building energy management systems software. BuildingIQ’s suite of software offerings involves the use of predictive energy optimization that can forecast the energy demand and automatically adjusts a building’s HVAC settings to continuously optimize energy use and peak loads.
- Further, the market is also classified based on the end-users as the residential, commercial, industrial, and others. The residential segment accounts for the highest market share of XX% in 2019. There is high usage of the building energy management systems for residential applications. The building energy management systems provide cost-effective, cooling equipment installation, lighting, windows, insulation for building energy-efficient, and sustainable houses. This system informs the residents about the energy consumption of residential buildings. It is easy for residents to apply conservation measures. The residents can draw upon this information to apply conservation measures for energy consumption. The presence of the authorized bodies to govern energy consumption in the residential buildings shall stimulate market growth.
Geographical Analysis
- By region, the global building energy management systems market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, Asia-Pacific dominated the global building energy management systems market and is expected to grow at the highest CAGR during the forecasted period owing to the higher adoption of building energy management systems due to the increased in the installations of the building energy management systems for the commercial and residential buildings. There is high usage of the technological advanced building energy management systems for monitoring and controlling the energy requirement of the building’s mechanical and electrical equipment, providing ventilation, power, and lighting systems. The building energy management systems are also used for monitoring the multiple buildings at the same time and integrating the tasks. It is further expected that Asia-Pacific is expected to dominate the market over the forecasted period.
- The North America segment is expected to have positive market growth due to the rising installations of energy-consuming equipment in buildings that provide lower carbon emissions. Several companies are focusing on launching innovative building energy management systems for retaining control over energy wastage in residential and commercial establishments. The growing demand for real-time remote monitoring and connected systems in most buildings shall stimulate market growth.
Competitive Landscape
- The global building energy management systems market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Cisco Systems Inc., Cylon Control Ltd., Engie, Emerson Electric Co., General Electric, Honeywell International Inc., International Business Machines Corporation, and Johnson Controls Inc. are the leading market players with significant market share.
- The major players are using product development, novel product launches, market expansion, and product diversification strategies for holding their position in the market. For instance, In September 2014, Azbil Corporation had developed the new savic-net for Integrated Building Management Systems for overseas markets. It provides the centralized control of all management systems installed in a large-scale complex, Savic-net for IBMS delivers efficient, high-quality facility management, energy control, and management of tenant information.
- The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for building energy management systems and their expansion across the globe. For instance, In November 2019, Johnson Controls had closed an agreement to purchase the EasyIO Building and Energy Management System (BEMS) product line. EasyIO provides a valuable addition to the already robust building automation system portfolio, which includes brands such as Metasys, Facility Explorer, Verasys, and BCPro.
- In March 2019, BuildingIQ had agreed with the Sauter Controls North America. Through the addition of building controls to its cloud-based optimization platform, BuildingIQ had defined the new category of integrator that optimizes BMS implementation and creates cloud-ready buildings designed to share and leverage data across functional boundaries. The company would expand its presence in North America with Sauter.
- In September 2015, Acuity Brands Lighting, Inc. (a wholly-owned subsidiary of Acuity Brands, Inc.) had acquired the Distech Controls Inc., a leading provider of building automation and energy management solutions that allow for the seamless integration of lighting, HVAC, access control, closed-circuit television, and related systems. Under the terms of the agreement, Acuity Brands Lighting acquired all of the outstanding capital stock of Distech Controls for approximately 318 million Canadian dollars. This acquisition would help the company to enhance the ability to provide the true end-to-end optimization of all aspects of the building, including improved occupant experience, quality visual environment, energy efficiency, operational cost reductions, and increased digital functionality, by leveraging the capability to collect vast amounts of data to better enable the Internet of Things for building owners.
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