Technology Market Analysis Building Energy Management Systems (BEMS) Market | Page 3

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future BEMS based on product is segmented into HVAC systems, solar power, and LED lights. HVAC system is expected to dominate the BEMS market demand due to reducing operational costs and increasing trend of green technology. LED lights are highly preferred over fluorescent bulbs & lights due to minimum electricity consumption, high quality, and longer durability. The BEMS market by software comprises of data management, HVAC system, lighting system, application platform, and asset performance optimization. The communication 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 expense 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. Inc reasing industrialization, high power consumption, and green building technologies are Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/