PUBLISHER: KBV Research | PRODUCT CODE: 1432466
PUBLISHER: KBV Research | PRODUCT CODE: 1432466
North America Building Energy Management Systems Market Size, Share & Trends Analysis Report By Category, By End-User, By Country and Growth Forecast, 2023 - 2030
The North America Building Energy Management Systems Market would witness market growth of 10.3% CAGR during the forecast period (2023-2030).
As concerns about climate change and environmental degradation escalate, regulators are mandating businesses to monitor and reduce their carbon footprint. BEMS provides a practical solution for organizations to comply with these regulations by offering a systematic approach to managing and optimizing energy consumption. Furthermore, sustainability initiatives undertaken by governments and industry associations are encouraging businesses to adopt BEMS voluntarily. These initiatives often come with incentives, tax breaks, or other benefits for organizations demonstrating a commitment to sustainable practices, further motivating the adoption of energy-efficient technologies.
Recognizing the significance of corporate social responsibility (CSR) and its influence on brand image is growing among many organizations. Adopting BEMS aligns with the broader CSR goals of reducing environmental impact and promoting sustainability. Organizations that demonstrate a dedication to energy efficiency by implementing BEMS can improve their reputation, attract environmentally conscious customers, and distinguish themselves in the market. BEMS contributes to operational resilience by providing insights into the health and performance of critical building systems. Organizations can detect and resolve problems with predictive maintenance capabilities before they result in system failures or downtime. This proactive approach reduces maintenance costs and ensures the continuous operation of essential services.
The awareness of cybersecurity risks has grown in Mexico, prompting businesses and organizations to prioritize the protection of their BEMS. BEMS often involves integrating Internet of Things (IoT) devices for real-time monitoring and control in Mexico. In Mexico, there is a greater attack surface for potential cyber threats due to the growth of connected devices. The focus on cybersecurity ensures the protection of these interconnected systems. Organizations deploying BEMS in Mexico are collaborating with cybersecurity experts and consulting firms. Continuous monitoring and auditing of BEMS activities is critical for identifying and mitigating potential security concerns in Mexico. The integration of cybersecurity solutions allows organizations to monitor system activities, detect anomalies, and conduct regular security audits in Mexico. Hence, the factors mentioned above will drive the regional market growth.
The US market dominated the North America Building Energy Management Systems Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,384.7 Million by 2029. The Canada market is experiencing a CAGR of 12.8% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 11.8% during (2023 - 2030).
Based on Category, the market is segmented into Software, Hardware, and Service. Based on End-User, the market is segmented into Residential, Commercial & Institutional, and Industrial. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
List of Key Companies Profiled
- ABB Ltd.
- General Electric Company
- Honeywell International, Inc.
- Hitachi, Ltd.
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Eaton Corporation PLC
- mCloud Technologies Corp.
North America Building Energy Management Systems Market Report Segmentation
By Category
- Software
- Hardware
- Service
By End-User
- Residential
- Commercial & Institutional
- Industrial
By Country
- US
- Canada
- Mexico
- Rest of North America
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Building Energy Management Systems Market, by Category
- 1.4.2 North America Building Energy Management Systems Market, by End-User
- 1.4.3 North America Building Energy Management Systems Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Mergers & Acquisition: 2020, Mar - 2023, Oct) Leading Players
- 4.4 Porter's Five Forces Analysis
Chapter 5. North America Building Energy Management Systems Market by Category
- 5.1 North America Software Market by Country
- 5.2 North America Hardware Market by Country
- 5.3 North America Service Market by Country
Chapter 6. North America Building Energy Management Systems Market by End-User
- 6.1 North America Residential Market by Country
- 6.2 North America Commercial & Institutional Market by Country
- 6.3 North America Industrial Market by Country
Chapter 7. North America Building Energy Management Systems Market by Country
- 7.1 US Building Energy Management Systems Market
- 7.1.1 US Building Energy Management Systems Market by Category
- 7.1.2 US Building Energy Management Systems Market by End-User
- 7.2 Canada Building Energy Management Systems Market
- 7.2.1 Canada Building Energy Management Systems Market by Category
- 7.2.2 Canada Building Energy Management Systems Market by End-User
- 7.3 Mexico Building Energy Management Systems Market
- 7.3.1 Mexico Building Energy Management Systems Market by Category
- 7.3.2 Mexico Building Energy Management Systems Market by End-User
- 7.4 Rest of North America Building Energy Management Systems Market
- 7.4.1 Rest of North America Building Energy Management Systems Market by Category
- 7.4.2 Rest of North America Building Energy Management Systems Market by End-User
Chapter 8. Company Profiles
- 8.1 ABB Ltd.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Product Launches and Product Expansions:
- 8.1.5.2 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 General Electric Company
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
- 8.3 Honeywell International, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 Hitachi, Ltd.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Product Launches and Product Expansions:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Siemens AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Product Launches and Product Expansions:
- 8.5.5.3 Acquisition and Mergers:
- 8.5.6 SWOT Analysis
- 8.6 Schneider Electric SE
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.6.5.3 Acquisition and Mergers:
- 8.6.6 SWOT Analysis
- 8.7 Emerson Electric Co.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Product Launches and Product Expansions:
- 8.7.5.2 Acquisition and Mergers:
- 8.7.6 SWOT Analysis
- 8.8 Rockwell Automation, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 SWOT Analysis
- 8.9 Eaton Corporation PLC
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Product Launches and Product Expansions:
- 8.9.5.3 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. mCloud Technologies Corp.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 North America Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 2 North America Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Building Energy Management Systems Market
- TABLE 4 Product Launches And Product Expansions- Building Energy Management Systems Market
- TABLE 5 Acquisition and Mergers- Building Energy Management Systems Market
- TABLE 6 North America Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 7 North America Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 8 North America Software Market by Country, 2019 - 2022, USD Million
- TABLE 9 North America Software Market by Country, 2023 - 2030, USD Million
- TABLE 10 North America Hardware Market by Country, 2019 - 2022, USD Million
- TABLE 11 North America Hardware Market by Country, 2023 - 2030, USD Million
- TABLE 12 North America Service Market by Country, 2019 - 2022, USD Million
- TABLE 13 North America Service Market by Country, 2023 - 2030, USD Million
- TABLE 14 North America Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 15 North America Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 16 North America Residential Market by Country, 2019 - 2022, USD Million
- TABLE 17 North America Residential Market by Country, 2023 - 2030, USD Million
- TABLE 18 North America Commercial & Institutional Market by Country, 2019 - 2022, USD Million
- TABLE 19 North America Commercial & Institutional Market by Country, 2023 - 2030, USD Million
- TABLE 20 North America Industrial Market by Country, 2019 - 2022, USD Million
- TABLE 21 North America Industrial Market by Country, 2023 - 2030, USD Million
- TABLE 22 North America Building Energy Management Systems Market by Country, 2019 - 2022, USD Million
- TABLE 23 North America Building Energy Management Systems Market by Country, 2023 - 2030, USD Million
- TABLE 24 US Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 25 US Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 26 US Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 27 US Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 28 US Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 29 US Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 30 Canada Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 31 Canada Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 32 Canada Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 33 Canada Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 34 Canada Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 35 Canada Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 36 Mexico Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 37 Mexico Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 38 Mexico Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 39 Mexico Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 40 Mexico Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 41 Mexico Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 42 Rest of North America Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 43 Rest of North America Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 44 Rest of North America Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 45 Rest of North America Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 46 Rest of North America Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 47 Rest of North America Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 48 Key Information - ABB Ltd.
- TABLE 49 Key Information - General Electric Company
- TABLE 50 Key Information - Honeywell International, Inc.
- TABLE 51 Key Information - Hitachi, Ltd.
- TABLE 52 Key Information - Siemens AG
- TABLE 53 Key Information - Schneider Electric SE
- TABLE 54 Key Information - Emerson Electric Co.
- TABLE 55 Key Information - Rockwell Automation, Inc.
- TABLE 56 Key Information - Eaton Corporation PLC
- TABLE 57 Key Information - mCloud Technologies Corp.
