The Global Building Energy Management System (BEMS) Market size was valued at around USD 8,172 million in 2024 and is projected to reach USD 29,373 million by 2030. Along with this, the market is estimated to grow at a CAGR of around 23.77% during the forecast period, i.e., 2025-30. According to MarkNtel Advisors Study.
Global Building Energy Management System (BEMS) Market Driver:
Smart City Initiatives Driving Market Growth – Across multiple regions of the globe, smart city initiatives are increasingly adopted due to technological advances, migration of rural population to urban cities, economic growth, enhanced mobility, government support, etc.
The smart city initiative programs are gaining popularity among the Asia-Pacific countries like China, India, Vietnam, Indonesia, and others. This is due to the rapid urbanization, expansion of the sectors, and increasing urban population, with the projection of reaching nearly 68% by 2050. Smart city initiatives such as India’s Smart Cities Mission, China’s Sponge Cities, Singapore’s Smart Nation, etc., have led to a rise in the need for energy management systems in such regions, as urban areas consume more than 70% of the world’s total energy. Thus, the growing need for urbanization and smart city initiatives requires an energy management solution for optimized and efficient energy and power consumption management, hence increasing the demand for building energy management systems across the globe.
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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Building Energy Management System (BEMS) Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Component
- Hardware- Market Size & Forecast 2020-2030, USD Million
- Software- Market Size & Forecast 2020-2030, USD Million
- Services- Market Size & Forecast 2020-2030, USD Million
- By Type
- Wired- Market Size & Forecast 2020-2030, USD Million
- Wireless- Market Size & Forecast 2020-2030, USD Million
- By Application
- HVAC- Market Size & Forecast 2020-2030, USD Million
- Non-HVAC- Market Size & Forecast 2020-2030, USD Million
- By End User
- Residential- Market Size & Forecast 2020-2030, USD Million
- Commercial & Institutional – Market Size & Forecast 2020-2030, USD Million
- Industrial- Market Size & Forecast 2020-2030, USD Million
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – ABB Ltd., Emerson Electric, General Electric, Honeywell, IBM, Ingersoll Rand, Johnson Controls, Mitsubishi Heavy Industries, NX Technologies, Optimum Energy, Rockwell Automation, Siemens, Schneider Electric, Dexma Sensors, Eaton, and Others. are looking forward to strengthening their market positions.
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Global Building Energy Management System (BEMS) Industry Recent Development:
2025: Schneider Electric partnered with Massmart to implement a centralized asset management and energy monitoring solution across 300 stores. This initiative aims to enhance efficiency and sustainability, leveraging Schneider Electric’s advanced energy management technologies to optimize operations, reduce energy consumption, and support environmental goals.
2025: Johnson Controls released Metasys 14.0, an updated Building Automation System designed to enhance energy management, network efficiency, and security. This latest version introduces advanced analytics tools with preconfigured energy dashboards, helping businesses optimize energy consumption, reduce waste, and improve operational performance.
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