Global Building Energy Software Market 2015-2019
About Building Energy Software
Building Energy Management Systems (BEMS) are deployed in buildings for efficient energy performance. These systems control and manage building facilities such as lighting, electricity, fire precautions, safety, security, and heating, ventilation and air-conditioning. They are installed in buildings such as commercial buildings, IT parks, hotels, restaurants, manufacturing plants, retail outlets, and residential buildings for effective facility management.
BEMS includes hardware, software, and services. Building energy software helps in the prediction of energy usage of buildings. The software uses tools for monitoring, controlling, and optimizing electrical loads. Also, it allows the user to monitor and reduce the energy consumption of electrical and electronic devices and conserve energy. It also helps in power management by tracking the real-time energy consumption of electronic devices and comparing it with historical data. End-users obtain a holistic view of their energy performance, which is compiled through a wide array of sensing and control devices, data feeds, and analytics software.
Technavio's analysts forecast the global building energy software market to grow at a CAGR of 16.24% over the period 2014-2019.
Covered in this Report
The report includes the present scenario and the growth prospects of the global building energy software market for the period 2015-2019. The market can be segmented into end-user analysis: Commercial Buildings, manufacturing, retail, hospital, hotels and residential.
Technavio's report, Global Building Energy Software Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, and EMEA; it also covers the landscape of the global building energy software market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.Key Regions
Technavio Announces the Publication of its Research Report – Global Building Energy Software Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Building Energy Software Market: EnerNOC, Envizi, Schneider Electric and Siemens
Other Prominent Vendors in the market are: Abb, BuildingIQ, Cisco, eSight, Hitachi, GridPoint, Honeywell, IBM, Johnson Control, Optimum Control, Pacific Control and Verisae
Commenting on the report, an analyst from Technavio’s team said: “One major trend in this market is that there is an increased demand for building energy software in the retail sector. Buildings for retail outlets have their fire alarm, security, lighting, and HVAC system controls integrated together for easy operability, thereby providing utmost comfort and energy savings for their retail tenants.”
According to the report, one key driver of the market is almost one-third of energy globally is consumed by residential and public buildings. Energy is used for heating, sterilization, cooling, water heating, refrigeration, and for operating all kinds of electrical appliances. This high level of consumption needs to be reduced to save costs and the environment. Building energy solutions are being used to achieve these aims.
Further, the report states that one of the major challenhes is the lack of awareness of the benefits of building energy software in developing countries hinders the growth of the market to a large extent. One of the major misperceptions among potential end-users is that control and monitoring systems have to be connected to the Internet, which increases the vulnerability of data to hackers.
EnerNOC, Envizi, Schneider Electric, Siemens, Abb, BuildingIQ, Cisco, eSight, Hitachi, GridPoint, Honeywell, IBM, Johnson Control, Optimum Control, Pacific Control, Verisae