HVAC and Construction Industry BEMS Market Size, Analysis, Growth & Trends, 2024
Hexa Research
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Building Energy Management Systems (BEMS) Market Share,
Size, Analysis, Growth, Trends and Forecasts, 2016 to 2024 |
Hexa Research
Global building energy management systems (BEMS) market is projected to grow at a
CAGR of 13.59% to reach over USD 7 billion by 2024. High energy cost in the manufacturing
and commercial sector has compelled companies to adopt energy-efficient products and
systems. Intelligent building energy management products have helped companies reduce
the operational cost to a large extent.
Increasing campaigns and activities promoted by the government and other authorities for
reducing energy consumption is anticipated to spur the BEMS market demand in the
residential, industrial, and commercial sectors. Commercial, residential, and industria l
sectors are now investing in technologies for effectively monitoring, controlling, and
conserving energy.
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