Building Energy Management Systems Market Analysis

The building energy management systems market is segmented by component, communication technology, end-user, and region. Among product component segmentation, the software segmentation is expected to grab major share in the market. This is attributed to the integration of data analytics software in existing modules that help the organizations to run algorithms for optimized solutions. Dominant market players such as Honeywell International Inc., IBM Corporation, and Schneider Electric have assimilated the data analytics software to their existing energy management system modules for the effective monitoring of the data. The advent of new technologies such as IoT and others are also significantly contributing towards the growth of this segment.

Our in-depth analysis of the global market includes the following segments:

By Component

Software
- Data Management
- Asset Performance Optimization
- Application Platform
- HVAC System
- Lightning system
Hardware
Services
- Consulting & Training
- Support & Maintenance

By Communication Technology

Wired Systems
Wireless Systems

By End-User

Residential
Commercial
- Retail
- Healthcare
- BFSI
- IT & Telecom
- Hospitality
Others
Government (Defense & Government Utility Buildings)
Industrial

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of building energy management systems is assessed at USD 14.11 billion.

Building Energy Management Systems Market size was valued at USD 13.24 billion in 2023 and is expected to reach USD 36.88 billion by 2036, registering around 8.2% CAGR during the forecast period i.e., between 2024-2036.

North America industry is set to dominate majority revenue share by 2036, owing to technological maturity, well-established infrastructure network, widespread adoption of building energy management systems across verticals, and massive growth of the industrial sector in the region.

The major players in the market are Schneider Electric, Siemens, Honeywell International Inc, Elster Group GmbH, Johnson Controls, GridPoint, C3.ai, Inc., General Electric, Cisco Systems, Inc., ABB, and others.

Building Energy Management Systems Market Analysis