Next-Generation Building Energy Management Systems Market Demand, Size, Share, Scope & Forecast To 2030

Market Overview

Next-Generation Building Energy Management Systems Market size is Predicted to Reach US$ 5.6 Billion by 2030 Registering a CAGR of 10.90%. The growth of the market is attributed to the increasing adoption of smart buildings, the rising demand for energy efficiency, and the growing need to reduce carbon emissions.

Next-generation BEMS are software-based solutions that use advanced technologies such as artificial intelligence (AI), machine learning (ML), and the Internet of Things (IoT) to optimize energy consumption in buildings. These systems can collect data from various building systems, such as HVAC, lighting, and security, and use this data to make real-time decisions to improve energy efficiency.

Next-generation BEMS offer a number of benefits over traditional BEMS, including:

• Increased energy efficiency: Next-generation BEMS can help buildings reduce their energy consumption by up to 30%.
• Reduced carbon emissions: Next-generation BEMS can help buildings reduce their carbon emissions by up to 50%.
• Improved comfort: Next-generation BEMS can help create a more comfortable environment for building occupants by automatically adjusting the temperature, lighting, and other factors.
• Reduced costs: Next-generation BEMS can help buildings save money on their energy bills.

Key Market Segments

The next-generation BEMS market is segmented by component, type, deployment, end-user industry, and region.

By component:

• Hardware
• Software
• Services

By type:

• On-premises
• Cloud-based

By deployment:

• New construction
• Retrofit

Key Companies

The key players in the next-generation BEMS market include:

• Honeywell International Inc.
• Johnson Controls International plc
• Schneider Electric SE
• Siemens AG
• IBM Corporation
• Cisco Systems Inc.
• Oracle Corporation
• Microsoft Corporation
• Vertiv Corporation
• Hitachi Ltd.
• Mitsubishi Electric Corporation

Market Drivers

The key drivers of the next-generation BEMS market are:

• Increasing adoption of smart buildings: Smart buildings are becoming increasingly popular, as they offer a number of benefits, such as improved energy efficiency, reduced costs, and enhanced comfort. Next-generation BEMS are essential components of smart buildings.
• Rising demand for energy efficiency: The rising cost of energy and the growing need to reduce carbon emissions are driving the demand for energy-efficient solutions. Next-generation BEMS can help buildings significantly reduce their energy consumption and carbon emissions.
• Growing need to reduce carbon emissions: Governments and businesses around the world are implementing policies and initiatives to reduce carbon emissions. Next-generation BEMS can help buildings meet these requirements.

Browse In-depth Market Research Report (100 Pages, Charts, Tables, Figures) on Next-Generation Building Energy Management Systems Market –

https://www.marketresearchfuture.com/reports/next-generation-building-energy-management-systems-market-8689

Industry Latest News

• In September 2023, Honeywell International Inc. announced the launch of its new next-generation BEMS solution, Honeywell Forge Energy. This solution uses AI and ML to optimize energy consumption in buildings.
• In August 2023, Johnson Controls International plc announced the acquisition of OpenBlue, a leading provider of cloud-based building management solutions. This acquisition will strengthen Johnson Controls’ position in the next-generation BEMS market.
• In July 2023, Schneider Electric SE announced the launch of its new next-generation BEMS solution, EcoStruxure Power Build. This solution uses AI and ML to optimize energy consumption in buildings and improve occupant comfort.

Conclusion

The next-generation BEMS market is expected to grow significantly in the coming years, driven by the increasing adoption of smart buildings, the rising demand for energy efficiency, and the growing need to reduce carbon emissions.

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