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channel among these technologies consists of wired and wireless transmission . BEMS based on service includes training & consultancy and support & maintenance .
Building energy management system segmented on the basis of application includes manufacturing , office & commercial buildings , retail , government & MUSH ( Municipal , University , School , and Hospital ), telecom and IT systems . Growing consumer awareness for reducing energy costs along with favorable government policies is likely to influence market growth positively .
Incentives , rebates , and tax credits from governments is likely to encourage infrastructure & real estate companies to implemented building energy management systems . The growing expenses on energy consumption from pumps , catering , HVAC systems , and office equipment in buildings & complexes is anticipated to propel the demand for BEMS . In the commercial sector , maximum solar power installations were in hotels , offices , and healthcare establishments . Water heaters , pool heaters , batteries & chargers , and attic fans are few residential applications which require large electricity consumption .
Asia Pacific is expected to drive the BEMS market over the forecast period . Increasing industrialization , high power consumption , and green building technologies are projected to boost the market demand in this region . India and China are expected to contribute to Asia Pacific ’ s market growth on account of rising manufacturing plant setup and growing population .
The U . S . is anticipated to dominate the BEMS market on account of technological developments in energy efficient systems coupled with the implementation of demand response programs . BEMS also helps customers handle variation in prices and save on peak demand charges . Latin America is expected to grow rapidly owing to rising awareness on energy conservation over the forecast period .
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