Global Building Energy Management Systems (BEMS) Market to reach $8.8 B in 2024

reogma|Global Building Energy Management Systems (BEMS) Market to reach $8.8 B in 2024

The Market Size of the Global Building Energy Management Systems (BEMS) Market is estimated to be USD 3.61 Billion in 2019 and is expected to grow at a healthy CAGR of 19.5% to reach a Market size of USD 8.8 Billion in 2024.

  • Definition / Scope
  • Market Overview
  • Key Metrics
  • Market Risks
  • Market Trends
  • Industry Challenges
  • Technology Trends
  • Other Key Market Trends
  • Market Size and Forecast
  • Market Outlook
  • Technology Roadmap
  • Competitive Landscape
  • Competitive Factors
  • Key Market Players
  • Strategic Conclusion
  • References

Definition / Scope

The global market for Building Energy Management Systems (BEMS) is expected to reach a market size of USD 8.8 Billion in 2024 mainly driven by the rising regulatory measures from regional government to prevent energy wastages; evolution of smart building technologies and their role in pushing up property values; legislation of new green building codes and the evolution of IoT and Cloud as potential game-changers in the BEMS segment.

The push towards smartification of cities from regional governments is augmenting well for the adoption of BEMS as energy management in smart homes and buildings is the first step towards achieving energy efficient smart cities.

Key benefits of BEMS fueling its adoption include reduce costs by helping save energy; helps building obtain green certification; provides facility managers insights on energy consumption trends; easy identification of electrical anomalies; and reduced risk of power spikes, shutdowns and electrical equipment failures.

USA represents the largest market globally fueled by growing interest in advanced energy technologies and implementation of demand response programs thereby enabling consumers to optimally utilize energy in response to a rising electricity costs and utility need for optimizing peak loads.

Asia-Pacific is the fastest growing region growing at a CAGR of 19.9%, mainly driven by factors such as rapid urbanization, robust industrialization, the acute shortage of energy and spiraling prices of energy.


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The Market Size of the Global Building Energy Management Systems (BEMS) Market is estimated to be USD 3.61 Billion in 2019 and is expected to grow at a healthy CAGR of 19.5% to reach a Market size of USD 8.8 Billion in 2024. Definition / Scope Market Overview Key Metrics […]
reogma|Global Building Energy Management Systems (BEMS) Market to reach $8.8 B in 2024reogma|Global Building Energy Management Systems (BEMS) Market to reach $8.8 B in 2024

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