Next-Generation
Building Energy Management Systems Market - Overview
The prerequisite for
simplified building operations is likely to spur the Next-Generation Building Energy Management
Systems Market 2020. The software reports are made by Market
Research Future, which includes market options for progress. A CAGR of 15.3% is
predicted to shape the global market in the upcoming period.
The convergence of
conventional and advanced components to augment the management and automation
of building systems is estimated to guide the share of next-generation building
energy management systems market. The upswing in consumer demand for
eco-friendly buildings that are energy-efficient is estimated to add impetus to
the next-generation building energy management systems market in the upcoming
period.
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Segmental Analysis
The segmental review of the
next-generation building energy management systems market has been segmented
into communication technology, type, application, and region. Based on the
types, the market for next-generation building energy management systems has
been segmented into software, hardware and service. The service sub-segment
includes support & maintenance services and consulting & training. The
software segment has been sub-segmented into the HVAC system, asset performance
optimization, application platform, data management, and lighting system. Based
on the communication technology, the market for next-generation building energy
management systems has been divided into wireless and wired. The
application-based segmentation of the market for next-generation building
energy management systems includes manufacturing facilities, educational
institutions and hospitals, commercial buildings, and government
establishments. Based on the regions, the market for next-generation building
energy management systems consists of the Middle East, Europe, Africa,
Asia-Pacific, North America, and South America.
Detailed Regional Analysis
The regional scrutiny of
the next-generation building energy management systems market has been
conducted for regions of the Middle East, Europe, Africa, Asia-Pacific, North
America, and South America.
The region in Europe is
projected to support the biggest segment in the market for next-generation
building energy management systems in the year 2018. The European regional
market has been an initial adopter of the BMS, which has improved the demand
for BMSs in the region, steering to an advanced segment in the market. The
incidence of a huge number of companies in the region that are driving the
market for next-generation building energy management systems. The Asia Pacific
regional market is estimated to develop at a momentous stride for the duration
of the forecast due to the intensification in demand for the building of
industrial and residential buildings.
Competitive Analysis
The necessity to establish
a unique advantage in the market is reviewed to have a substantial influence on
the global market. The market is predicted to guide its future growth with the
inclusion of a balance of innovation and continual product enhancement.
Besides, the need to ensure that the long-term sustainable growth goals are not
comprised due to the existing difficulties is foreseen to be extremely
important for the market stakeholders. The trends predominant in the market are
contributing considerably to the market’s progress. The market contenders are
estimated to support the growth enabling factors and thus are estimated to pull
the market out of the depression due to the ongoing global pandemic. The
emphasis on accelerating growth is estimated to take the main stage in the
forecast period. The need to effectively engage customers in all of their
geographical markets is estimated to help the market overcome the hindrances
being faced currently.
The distinguished players
in the market for next-generation building energy management systems are
Johnson Controls, Schneider Electric, Honeywell, Siemens, ABB, CBRE Group,
Daikin, Echelon, CISCO, and GridPoint among others.
Industry Updates:
June 2020 Zen Ecosystems
and Ferguson recently started a collaboration in reaction to a market necessity
for a simple energy management solution for both commercial and residential
clients.
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