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Press Release Description

Smart Buildings & Zero Energy Buildings to Drive the Global Building Energy Management Market Through 2025

The energy needs from residential, commercial and industrial sectors across the globe are surging at a faster pace. Correspondingly, the emissions are also rising at a fervent rate. Over the past decade, energy consumption and carbon emission from buildings have snowballed drastically owing majorly to the increase in penetration of HVAC and lighting systems. The Northern hemisphere of the earth suffers extreme cold conditions, while the Middle East and equatorial regions are prone to prolonged summers. A major share of the energy available to these regions is consumed by HVAC. Also, the rise in global temperature, population explosion, urbanization has been catalyzing the energy needs. It has been found that buildings consumed around 40% of the global energy produced in 2019, and the figure is ascending gradually. Therefore, the role of smart buildings such as smart homes, smart offices, green buildings, etc., deploying a building energy management system is rising across the globe.  

  

According to MarkNtel Advisors’ research report Global Building Energy Management Market System Analysis, 2020”, the building energy management market is projected to grow at a CAGR of around 16% during 2020-25. Growing awareness towards energy consumption, optimization, and climatic change, in addition to the soaring cost of energy, has been pushing the governments and industry bodies towards energy management systems. In 2019, corporate centers and Government offices across the globe generated more than 40% of the total market size of Building Energy Management Market across the globe.

Europe has been progressing towards nearly zero-energy buildings. The region has formulated guidelines for the new construction activities post-2020. According to the European Energy Performance of Buildings Directive, all the new buildings constructed in the region after 2020 should be nearly zero energy. Several countries in the region have been working towards the implementation of this initiative to reduce energy consumption. These developments in the region are anticipated to open new revenue streams for the companies operating in Building Energy Management. Europe and the United States has around 35% of its total buildings older than 50 years and 75% of the total buildings in 2019 were energy inefficient. According to EIA, the United States would renovate around 75% of its buildings by 2035 targeting energy savings and equipping them with sophisticated energy management systems. Therefore, the United States is expected to be the vibrant hotspot for building energy management system providers, revealed by MarkNtel Advisors’ research report “Global Building Energy Management Market System Analysis, 2020”. 

Utilities Exploring Energy Management Market via Alliances and Acquisitions  

As per MarkNtel Advisors’ study, with the disruption in the energy market due to growing technology integration is driven thrust on energy conservation, the utilities are increasingly updating their portfolio to meet the growing demands. These companies are progressively entering into partnerships or acquiring cross-industry firms, or start-ups offering niche energy management solutions. Southern California Edison allied with Google Nest thermostats to roll out a residential demand response scheme to balance the grid during summer. In 2019 ACCIONA, a leading Spanish renewable energy firm entered into a partnership with Madrid City Government to implement a city-wide energy management system across 400 municipal buildings. These developments are set to proliferate the building energy management market across the globe.

The other leading players in the Global Building energy management market include Siemens, Honeywell, Schneider Electric, Azbil, Johnson Control, Emerson, Diakin, General Electric, etc. 

“Global Building Energy Management System Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the market potential, regional opportunities, key factors impacting sales and purchase decisions, hotspots, and opportunities available for building energy management system providers across the globe. Moreover, the report also encompasses the expert verbatim, key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the competition assessment, formulation of Go to Market Strategies and identifying the blue ocean for their offerings. 
 
Market Segmentation:
1.    By Component (Hardware, Software, Services)
2.    By Communication (Wired & Wireless)
3.    By End Users (Corporates, Retail Malls, Residential Units, Government, Hospitality, Healthcare & Educational Institutes, Others)
4.    By Region (North America, South America, Europe, Middle East & Africa, Asia Pacific)
5.    By Country (The US, Canada, Mexico, Brazil, The UK, Germany, France, Spain, Nordic Countries, Saudi Arabia, UAE, South Africa, China, India, Japan, South Korea, Others) 
6.    By Company  

Key questions answered in the study: 
1.    What are the current and future trends of the Global Building Energy Management Market? 
2.    How the market has been evolving in terms of end-user demand, technology trends and application areas?
3.    What is the expert opinion on the future current and future outlook of the Global Building Energy Management Market? 
4.    How the competition has been shaping across various regions followed by competitor’s comparative factorial indexing?
5.    What are the key growth drivers, challenges and hotspots coming up in the Building Energy Management Market across various geographies?
6.    What are the margins of stakeholders at various levels of the value chain of Building Energy Management Market?
   
 

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