Technology Market Analysis Building Energy Management Systems (BEMS) Market | Page 4

Hexa Research Fact-based market research, penetrating industry insights and validated forecasts to help you make better decisions for a stronger future 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. Europe energy efficient building market is anticipated to observe a significant growth due increasing usage of smart grid systems. The countries expected to boost the European market growth are France, the UK, and Germany. Increasing government regulation and favorable policies for adopting BEMS is anticipated to drive regional market growth. Growing local infrastructure expenses in Turkey, Qatar, and Saudi Arabia are projected positively to influence the Middle East & African energy efficient construction market growth. Low capital countries such as Zimbabwe and Nigeria may observe sluggish growth due to high plant setup cost. The leading companies in building energy management systems market are involved in rigorous R&D activities to achieve energy efficient systems. Emerging firms undertake mergers & acquisitions to gain market share in developing as well as developed regions. Key players operating in building energy management systems market are SkyFoundry, Verisae, Toshiba, Siemens AG, Optimum Energy LLC, Schneider Electric, Jones Lang Contact: [phone] Email : [email protected] Website: http://www.hexaresearch.com/