Building Energy Management Systems Market Share

Geographically, the building energy management systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region.

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 operating in the market are from North America only and the existing datacentre facilities are also further observing expansion.

Europe is projected to witness decent growth in the coming few years owing to favorable government projects, environmental concerns, and high adaptation of technology. The Powerhouse Brattorkaia, in Trondheim, Norway designed by the Powerhouse alliance, is the world’s northernmost energy-positive building.

The energy management systems market is expected to witness the rapid growth in the Asia Pacific region on account of technological advancements, increasing commercial and residential development, rapid industrialization, rebates, and tax incentives from various administrations across the region, particularly in China, Japan, and India, which are estimated to further stimulate the market growth.

Latin America and the Middle East & Africa represent immense potential in terms of the adoption of building energy management systems solutions. Huge population growth and rapid industrial development are few reasons to drive the growth of building energy management systems in the region. Growing environmental distress has led the Middle Eastern region to make sturdy progress in energy consumption and efficiency through sustainable development. The new Bee’ah Headquarters under construction in Sharjah, United Arab Emirates has the aim of being the smartest and most sustainable building in the Middle East region.