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Global Next-generation Building Energy Management Systems Market 2016-2020

  • Published: Jun 2016
  • Pages: 103
  • SKU: IRTNTR9432
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The global next-generation building energy management systems market report provides an analysis of the market by components (software, services, and hardware), by end user (commercial buildings, manufacturing facilities, educational institutions and hospitals, and government establishments), and by geography (Americas, APAC, and EMEA). The report also provides an analysis of the market’s competitive landscape and offers information on several companies including Honeywell, Johnson Controls, Schneider Electric, and Siemens.

The infographic below contains key findings from our analysis of the next-generation building energy management systems market   

 

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Overview of the next-generation building energy management systems (BEMS) market

The global next-generation building energy management systems market will witness tremendous growth and will post a CAGR of more than 11% over the forecast period. Although fossil fuels continue to remain the principal source of power generation, renewable energy sources are projected to grow rapidly in the coming years. Renewable energy policies such as renewable portfolio standards and feed-in tariffs in the Americas and Europe will lead to a significant number of renewable energy resource deployments. As the wind and solar energy sources are intermittent in nature, high reliance on them can undermine the stability of the grid. This situation calls for subsidiary services to preserve stability and avoid supply and demand imbalances that could lead to power shortages. Therefore, grid operators need to identify cost-effective ways to integrate these renewable resources into the market. 

In terms of geography, the Americas emerged as the fastest growing player in the market at a staggering CAGR of close to 11% over the forecast period. The growth of this market in the region is attributed to the higher adoption rate of BEMS among end-users in the Americas. In terms of technology and investment, the US was the major revenue contributor in the region in 2014. The market in this country will continue to generate substantial revenue in the future, driven by maturity in the greater incorporation of BEMS to comply with government standards and the need for energy conservation. Moreover, most big players in this industry such as Honeywell International and Siemens are concentrated in the Americas.

Competitive landscape and key vendors

The global next-generation BEMS market is highly competitive due to the presence of well-established large vendors. To gain higher market shares, the companies are adopting acquisitions or partnership as key strategies along with effective product launches. A large number of companies are gaining momentum in the market on the basis new innovative offerings at lower prices.   With the introduction of products with new features and technologies, the competition among the vendors is likely to intensify in the future.

Accroding to the global next-generation BEMS market report, the leading vendors in the market are -

  • Honeywell
  • Johnson Controls
  • Schneider Electric
  • Siemens

Other prominent vendors in this market are ABB, Azbil, CBRE Group, CISCO System, Cylon Control, Daikin Industries, Eaton Corporation, Echelon, Ecova, EnerNOC, General Electric Industrial Solutions, Honeywell International, International Business Machines, Lennox International, Trane, United Technologies, GridPoint, Elster, Envizi, eSight Energy, IBM, Verisae,  DEXMA, Lucid, Ameresco, Wipro EcoEnergy, Verdant, C3 Energy, One Sight Solutions, Hermetic Rush Services, Energy System Technologies, and EnergyIQ.

 

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Segmentation by components and analysis of the next-generation building energy management systems market

  • Software
  • Services
  • Hardware

During 2015, the software segment dominated the market and accounted for nearly 40% of the market share in terms of revenue. The BEMS software includes SCADA, PLC, DCS, energy analytics, information system, and meter data management system. Factors such as high venture investments by market players, advances in IT technologies, and high prominence for BEMS will fuel the growth of this market until the end of the predicted period. Moreover, increasing awareness of the benefits of BEMS is expected to drive this market. Also, the use of software leads to high security and greater power savings, propelling this market segment’s growth prospects over the next four years.

Segmentation by end user and analysis of the next-generation building energy management systems market

  • Commercial buildings
  • Manufacturing facilities
  • Educational institutions and hospitals
  • Government establishments

The commercial building segment dominated the BEMS market and is expected to hold more than 44% of the market share. The majority of commercial buildings are using BEMS to reduce energy consumption and improve energy efficiency of buildings. It is estimated that nearly 30% of the energy employed in buildings is wasted. Thus, with government initiatives, developers are trying to implement BEMS to conserve the wasted energy and utilize it which will improve the overall efficiency of the building.

Key questions answered in the report include

  • What will the next-generation BEMS market size and the growth rate be in 2020?
  • What are the key factors driving the global next-generation BEMS market?
  • What are the key next-generation BEMS market trends impacting the growth of the market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global next-generation BEMS market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global next-generation BEMS market?

 

Table of Content

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Life cycle of BEMS
  • Technological overview

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market drivers

  • Increased need for cost reduction
  • Need for energy conservation
  • Rise in renewable energy installations
  • Growing requirement for certifications
  • High demand for BEMS retrofit in developed countries

PART 07: Impact of drivers

PART 08: Market challenges

  • High initial cost
  • Poor experience with traditional BEMS
  • Lack of awareness

PART 09: Impact of drivers and challenges

PART 10: Market trends

  • Increase in green construction spending
  • Growing investment from big players
  • Adoption of BEMS by smaller buildings
  • Development of user-friendly programming platforms
  • Growth of BAS
  • Advances in monitoring systems and intelligent technologies
  • Integration of advanced BEMS with Internet
  • Adoption of PPP model
  • Innovative financial models
  • Steady transition from pneumatic to DDC building energy software
  • Increased use of platform-based energy services

PART 11: Market segmentation  by components

  • Global next-generation BEMS by components
  • Software
  • Services
  • Hardware

PART 12: Market segmentation by end-users

  • Global next-generation BEMS by end-users
  • Commercial buildings
  • Manufacturing facilities
  • Educational institutions and hospitals
  • Government establishments

PART 13: Geographical segmentation

  • Global next-generation BEMS by geography
  • Americas
  • EMEA
  • APAC

PART 14: Key leading countries

  • US
  • China
  • Japan

PART 15: Vendor landscape

  • Competitive scenario
  • Other prominent vendors

PART 16: Key vendor analysis

  • Honeywell
  • Johnson Controls
  • Schneider Electric
  • Siemens

PART 17: Appendix

  • List of abbreviations

PART 18: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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