Building Energy Management Software Market Optimizing Energy Efficiency in Buildings 2023 to 2030 | Siemens Building Technologies, Schneider Electric, Honeywell International, Johnson Control

Building Energy Management Software (BEMS) Market

Published August 4, 2023

The Building Energy Management Software (BEMS) Market is a rapidly growing sector within the broader energy management industry. BEMS solutions are designed to optimize and control the energy consumption of buildings, including commercial, industrial, and residential structures. With increasing concerns about energy efficiency, sustainability, and cost-saving measures, the adoption of BEMS has witnessed significant growth in recent years. These software solutions provide users with real-time data, analytics, and control capabilities to effectively monitor and manage energy usage, resulting in reduced energy costs and greenhouse gas emissions.

The BEMS market has experienced robust growth due to various factors. Rising awareness and stringent regulations related to energy efficiency have compelled businesses and building owners to invest in such solutions. Additionally, the integration of advanced technologies like the Internet of Things (IoT), artificial intelligence, and cloud computing has expanded the capabilities and accessibility of BEMS. The market’s potential is further driven by increasing global urbanization, a focus on sustainable infrastructure, and the need for energy conservation in the face of climate change challenges.

The Worldwide Building Energy Management Software Market is estimated to be worth US$ 6457.35 million in 2022 and is forecast to a readjusted size of US$ 12748.74 million by 2028 with a CAGR of 12% during 2022-2028.

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The Key companies profiled in the Building Energy Management Software Market :

• Siemens Building Technologies
• Schneider Electric
• Honeywell International
• Johnson Control
• United Technologies Corporation
• ABB
• Azbil Corporation
• Eaton Corporation
• General Electric
• Ingersoll Rand & Others

Key Benefits: The adoption of Building Energy Management Software offers several advantages. First and foremost, it enables significant cost savings through optimized energy consumption, reducing utility bills for building owners and occupants. BEMS also enhances operational efficiency, as it allows remote monitoring and control of energy systems, enabling quick response to issues and faults. Moreover, the software facilitates data-driven decision-making by providing valuable insights into energy usage patterns and identifying areas for improvement. Additionally, BEMS plays a crucial role in reducing the overall carbon footprint, aligning with corporate social responsibility and sustainability objectives.

Global Building Energy Management Software Market Split by Product Type and Applications

This report segments the Building Energy Management Software Market on the basis of Types:

• On-Premise
• Cloud-Based

On the basis of Application, the Building Energy Management Software Market is segmented into:

• Small Business
• Medium-sized Business
• Large Business

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Challenges & Risks: While the BEMS market offers numerous opportunities, it is not without challenges. One major obstacle is the high upfront cost of implementing BEMS, which may deter some smaller businesses or building owners from adopting these solutions. Additionally, ensuring data security and privacy in cloud-based systems is a concern for potential users. Interoperability issues between different building systems and legacy infrastructure can also pose challenges during the integration of BEMS. Moreover, the market faces competition from alternative energy management solutions, such as energy-efficient building designs and renewable energy installations.

Regions covered by the Building Energy Management Software Market Report 2023 to 2030

• North America (United States, Canada, and Mexico)
• Europe (Germany, France, UK, Russia, and Italy)
• Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
• South America (Brazil, Argentina, Colombia, etc.)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

Reasons Why You Should Buy This Report:

1. To gain an in-depth understanding of Building Energy Management Software Market
2. To obtain research-based business decisions and add weight to presentations and marketing strategies
3. To gain competitive knowledge of leading market players
4. It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
5. It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.

Major Points from Table of Contents:

1. Building Energy Management Software Market Overview
2. Company Profiles
3. Building Energy Management Software Market Competition, by Players
4. Building Energy Management Software Market Size Segment by Type
5. Building Energy Management Software Market Size Segment by Application
6. North America by Country, by Type, and by Application
7. Europe by Country, by Type, and by Application
8. Asia-Pacific by Region, by Type, and by Application
9. South America by Country, by Type, and by Application
10. Middle East & Africa by Country, by Type, and by Application
11. Research Findings and Conclusion
12. Appendix…

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SDGs, Targets, and Indicators

1. SDGs addressed or connected to the issues highlighted in the article:

   • SDG 7: Affordable and Clean Energy
   • SDG 9: Industry, Innovation, and Infrastructure
   • SDG 11: Sustainable Cities and Communities
   • SDG 12: Responsible Consumption and Production
   • SDG 13: Climate Action

2. Specific targets under those SDGs based on the article’s content:

   • SDG 7.3: By 2030, double the global rate of improvement in energy efficiency
   • SDG 9.4: By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes
   • SDG 11.6: By 2030, reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management
   • SDG 12.2: By 2030, achieve the sustainable management and efficient use of natural resources
   • SDG 13.2: Integrate climate change measures into national policies, strategies, and planning

3. Indicators mentioned or implied in the article:

   • Energy consumption reduction
   • Greenhouse gas emissions reduction
   • Cost savings through optimized energy consumption
   • Operational efficiency enhancement
   • Data-driven decision-making
   • Reduction of carbon footprint

Table: SDGs, Targets, and Indicators

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Source: digitaljournal.com

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