The purpose of the report is to illustrate the state of the market of Building Energy Management Systems, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
Energy management systems are electronic devices that allow consumers to monitor, control, and manage their energy consumption optimally. The global building energy management systems market is currently in the growth stage of development and is expected to offer ample growth opportunities all participants across BEMS value chain. The basic need to save and optimize energy consumption is expected to drive building energy management system market demand. With the ever growing population, rise in urbanization, and rapid growth in industrialization, energy consumption has increased manifolds, widening the energy demand-supply gap. Furthermore, with fast depleting fossil fuels, electricity prices are further expected to hike in the coming years. In view of these futuristic challenges, governments across the globe are enforcing stringent energy standards, guidelines, incentives, and regulations to better manage demand-supply gap.
Some of the leading players identified in the global building energy management system market include Honeywell International, Inc., General Electric Company, Schneider Electric SE, Johnson Controls, Inc., Siemens AG, Rockwell Automation, Inc., Emerson Electric Company, Eaton Corporation Plc, C3 Energy, ABB Group, EnerNOC, Inc, BuildingIQ, Inc. among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Building Energy Management Systems buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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