Building Energy Management System Market is predicted to reach USD 15.9 Billion at a CAGR of 13.20% during the forecast period 2032

Market Research Future (MRFR) has published a cooked research report on the “Global Building Energy Management System Market”

that contains information from 2018 to 2032. The Building Energy Management System market is estimated to register a CAGR of 13.20% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global building energy management system market— General Electric Company, Honeywell International Inc, Siemens AG, Schneider Electric, Hitachi Ltd, Rockwell Automation Inc., Emerson Electric Co, Rockwell Automation Inc, Mcloud Technologies Inc, and ABB Ltd

Building Energy Management System Market Highlights

The global building energy management system market is accounted to register a CAGR of 13.20% during the forecast period and is estimated to reach USD 15.9 Billion by 2032.

The building energy management system (BEMS) market is witnessing significant growth, driven by increasing energy efficiency concerns, government regulations, and a rising focus on sustainable building practices. BEMS solutions offer centralized control, monitoring, and optimization of building systems, resulting in reduced energy consumption and operational costs.

Segment Analysis

The global building energy management system market has been segmented based Type, Component and Application.

On the basis of type, the market is segmented into wired and wireless. Wired segment dominated the global market in 2022. A rise in construction-related activities, such as those involving the development and construction of infrastructure, is the primary factor.

Based on component, the global building energy management system market has been segmented into hardware, software, and services. Software segment dominated the global Building Energy Management System market in 2022. Optimization of asset performance, data management, application platforms, lighting systems, and heating, ventilation, and air conditioning (HVAC) are all included in the software category.

Based on application, the global building energy management system market has been segmented into HVAC and Non-HVAC. HVAC segment dominated the global market in 2022. Increased investments by major market players like Schneider Electric, IBM Corporation, and Honeywell International Inc. are projected to boost the software platforms industry's future revenue growth.

Regional Analysis

The global building energy management system market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Building Energy Management System market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Building Energy Management System market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Building Energy Management System market comprises of Middle East, Africa, and Latin America.

In 2022, this market was dominated by the North American building energy management system market (45.80%). The United States and Canada are anticipated to offer opportunities for making money due to the growing use of smart grids and investments in infrastructure. The IEA predicted that investments in electricity grids will rise by 10% in 2021, with the United States ranking among the top infrastructure investors. Furthermore, the demand for smart energy has grown dramatically throughout the region, encouraging investors to put money into EMS. The commercial, residential, and building industries are anticipated to have the most demand for IoT-based solutions.

Moreover, in 2022, the Europe building energy management system market held a sizable market share. In the region, the manufacturing sector has grown as a result of several government initiatives.

Additionally, from 2023 to 2032, it's anticipated that the Asia Pacific building energy management system market will experience rapid expansion. The government programs "Make in India" and "Made in China 2025" from both China and India have increased the manufacturing sector. In the coming years, industries are likely to use building energy management systems more frequently as a result of the region's explosive growth in the manufacturing sector.

Furthermore, the rest of the world's building energy management system market is divided into the Middle East, Africa, and Latin America. The Building Energy Management System (BEMS) market in Latin America is experiencing steady growth due to rising awareness about energy conservation and sustainability. Government initiatives and regulations promoting energy efficiency, coupled with increasing construction activities, are driving the adoption of BEMS solutions to optimize energy consumption and reduce operational costs in buildings across the region.

Key Findings of the Study

• The global building energy management system market is expected to reach USD 15.9 Billion by 2032, at a CAGR of 13.20% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. The government programs "Make in India" and "Made in China 2025" from both China and India have increased the manufacturing sector.


• Based on application, the HVAC segment was attributed to holding the largest market in 2022.


• General Electric Company, Honeywell International Inc, Siemens AG, Schneider Electric, Hitachi Ltd, Rockwell Automation Inc., Emerson Electric Co, Rockwell Automation Inc, Mcloud Technologies Inc, and ABB Ltd