European Building Energy Management Systems Market - Growth, Trends, and Forecasts (2015-2020)
The European Building Energy Management Systems Market is projected to reach USD 9.50 billion by 2020, at a CAGR of 22.48% during the forecast period from 2015 to 2020.
The European building energy management systems market is segmented on the basis of software into data management, asset performance optimisation, application platform, HVAC system, and lighting system. On the basis of technology, the market is segmented into wired and wireless. On the basis of services, the market is segmented into consulting & training and support & maintenance services. On the basis of industry, the market is segmented into manufacturing; telecom and IT; office and commercial buildings; municipal, university, school, and hospital systems; and government. Lastly, on the basis of geography, the market is segmented into Germany, France, Italy, Spain, and the U.K.
The energy management systems industry has been growing at a steady rate for the last five years. This growth is largely fuelled by the increasing usage of smart grid services, growing competition among industrial enterprises, rising government policies, and incentives associated with energy efficiency. Growth is particularly high in countries, such as Germany, France, and other European countries owing to the increasing smart grid services and the demand for energy efficient products.
The prospect BEMS can offer for energy savings is mostly unexploited today, as several building owners and operators are unaware of how the data driven optimizations can diminish the energy consumption. The most energy consuming areas in the building are HVAC systems, office equipment, catering, fan, pumps, and controls. The energy consumption in building facilities, which encompasses mainly the usage of fossil fuels, adds to the increasing air pollution with adverse impacts on public health and is also instrumental in damaging the environment. Carbon dioxide emissions from fossil fuels cause global warming and eventually result in climate change. Other damaging emissions include oxides of sulphur and nitrogen, which cause acid rain. The main benefits that are incurred by BEMS are cost saving, reduction in fossil fuel consumption, balanced environment, and exemption from stringent regulation and tax benefits.
Some of the factors driving the market include the increased usage of smart grid services, enhanced brand or public image, green building incentives, and national energy security. However, the market growth rate is hindered by factors, such as split incentives, limited budgets and financial solutions, uncertainty about the amount of savings, and limited expertise among others.
Some of the companies operating in the market are ABB, Busch Jaeger, Schneider, Siemens, Johnson Controls, Hager / Berker, Gira, Rockwell, Merten, Jung / Trane, Niko, Honeywell, and Building IQ. among others.
Key Deliverables in the Study:
Market analysis for the European Building Energy Management Systems Market, with region specific assessments and competition analysis on global and regional scales Market definition along with the identification of key drivers and restraints Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale Extensively researched competitive landscape section with profiles of major companies along with their market shares Identification and analysis of the macro and micro factors that affect the European building energy management systems market on both global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
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