Research and Markets - Global Next-Generation Building Energy Management Systems Market CAGR Growth of 11.05% by 2020 - Trends, Technologies & Opportunities Report 2016-2020 - Key Vendors: Siemens, ABB, Azbil
The report forecasts the global BEMS market to grow at a CAGR of 11.05% during the period 2016-2020.
Commenting on the report, an analyst from the research team said: A trend which will definitely boost market growth is the growing investment from the big players. With the rise in demand for energy efficiency, many blue chip companies are entering the market with their products. For instance, Schneider Electric introduced EcoStruxure, an integrated control platform for healthcare in 2014. The EcoStruxure system integrates several core hospital systems such as mechanical, electrical, security, and information and communication systems into one system. The company also introduced SmartStruxure Lite that focuses on small and medium healthcare facilities less than 100,000 sq. ft.
According to the report, a key growth driver is the need for energy conservation. Buildings consume a high amount of electricity, resulting in high energy spending. This mainly depends on building occupancy, i.e., the number of people using electricity for various applications and diverse business operations. For instance, the hospitals in the US consumed 365 trillion BTU of electricity in 2012. About 80% of a building's energy requirements is controlled by BEMS. Therefore, optimizing and maintaining the system in-sync with the building can result in significant energy savings that can be measured, monitored, and sustained.
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this 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 key vendors?
What are the strengths and weaknesses of the key vendors?