According to Goldstein Research, global building energy management systems market is expected to reach USD 9.2 billion in 2024 from USD 2.8 billion in 2016, growing at a CAGR of 16.0% over the forecast period 2016-2024.Emergence of IoT coupled with growing need to curb greenhouse emission and to reduce energy consumption in buildings is one of the key factors driving the growth of market all across the globe. Global building energy management systems market segmentation has been carried out on the basis ofcomponents and end users.Based on end-users,commercial offices are the fastest growing end users segment and accounted for the highest revenue share in 2016 with more than 45% revenue share.Global building energy management systems market is dominated by North America accounted for the highest revenue share of more than 30% in 2016, owing to large scale adoption by the U.S government. In APAC region, Korea has a major share in building energy management market compared to the other developing countries in the region owing to growing industrialization and energy requirements in the country.
Market Segmentation
On the basis of our in-depth analysis, Global Building Energy Management SystemsMarket can be segmented as follows:
• By Component Type
o Communication Networks
o Software
o Hardware
 Control Systems
 Sensors
 Other

• By End Users
o Commercial
o Industrial
o Residential

• By Region
o North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
o Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
o Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}


“Global Building Energy Management Systems Market Outlook 2024”contains detailed overview of the globalbuilding energy management systems market.On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by components type and by end users.
Further, for the in-depth analysis, Global Building Energy Management Systems Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asIBM Corp., Siemens AG, Schneider Electric, Honeywell International Inc., Cisco, Eaton, General Electric Company, Johnson Controls Inc., CA TechnologiesEcova Inc., etc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global building energy management systems market trends along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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