The Global Market for Building Energy Management Systems will Reach Over $23bn by 2017, Predicts Memoori Research Article By: Businesswire.com
LONDON–(BUSINESS WIRE)–In 2013, the total world sales of Building Energy Management Systems (BEMS) will be $16.7 billion at an installed value and Memoori forecasts that it will grow to $23.14 billion by 2017. This represents a CAGR of approximately 8.4% over the 5-year period.
“The Market for Building Energy Management Systems & Enterprise Energy Management”
Energy savings remain the key driver for the BEMS & EEM markets. Global attention is on the efficient use of energy resources and reduction in CO2 emissions. With buildings accounting for around 40% of primary energy usage, savings here can make a significant impact.
The major multinational companies Honeywell, Johnson Controls, Schneider Electric, Siemens and UTC dominate the products business in most countries across the developed world. We estimate that between them they take as much as 70% of the world’s product business and they have held this position for 15 years through an active acquisition strategy.
The Smart Buildings technology landscape is getting more competitive by the day. This is good news for end users, as vendors are competing to bring the most productive and cost effective solutions to market. Industry heavyweights from IT and building automation are being joined by niche energy management software providers, in the race to deliver sophisticated energy management solutions for automating and transforming facilities in buildings.
About the Report
At 155 pages with 16 charts and tables, and for only $999 USD, “The Market for Building Energy Management Systems & Enterprise Energy Management” reviews the growing business of energy management in commercial buildings. You can learn more at the reports Website;http://www.memoori.com/portfolio/bems-market-2013-to-2017/
About Memoori Business Intelligence Ltd
Memoori is an independent market research and investment advisor. Our research helps companies create sound marketing and investment strategies for Security, Smart Grid, Smart Building and Lighting markets. For more information, visit http://memoori.com
Memoori Business Intelligence Ltd
Jim McHale, Director