Market Research Report
Market Data - Building Energy Management Systems - BEMS Software, Services and Hardware: Global Market Analysis and Forecasts
|Published by||Navigant Research||Product code||559971|
|Published||Content info||35 Pages; 29 Tables, Charts & Figures
Delivery time: 1-2 business days
|Market Data - Building Energy Management Systems - BEMS Software, Services and Hardware: Global Market Analysis and Forecasts|
|Published: September 27, 2017||Content info: 35 Pages; 29 Tables, Charts & Figures||
The building energy management system (BEMS) market continues to evolve with an increasing focus on the value of data in commercial buildings. This evolution is fueled by two technology trends: the Internet of Things (IoT) and cloud and edge computing. In addition to technology developments, customer education has steadily improved. These trends are expediting BEMS investments that address pain points for commercial customers.
BEMS solutions vary in levels of integration and functional complexity; each offering is progressively more integrated and connected than its predecessor. Data collected and analyzed from building systems can be integrated into a larger enterprise system. Such a system, in turn, contributes to IoT use cases such as occupancy data for space utilization, location data for behavior analytics in the retail sector, security and access control via smartphone applications, and more. In terms of solution architecture, BEMS offerings can include software, services, and/or hardware in an array of combinations designed to address the customer's specific needs. Factors affecting the likelihood of BEMS adoption include concerns over security, competition between automation and human input, and central management practices. According to Navigant Research, global BEMS market revenue is expected to grow from $4.0 billion in 2017 to $13.1 billion by 2026.
This Navigant Research report analyzes the global market for BEMSs with a focus on four different functionalities: visualization and reporting; fault detection and diagnostics; predictive maintenance and advisory optimization; and optimization and automation. The report examines the current state of the market, including technology trends, and provides insight into the future direction of BEMSs. Global market forecasts, segmented by region, offering type, and customer type, extend through 2026. The report also analyzes variations in the adoption of BEMSs across geographies and customer segments.