Building Energy Management Systems - Energy Watch News

Building Energy Management Systems

This Navigant Research report assesses the global market for BEMSs, including the software, services, and hardware components. The market landscape continues to evolve as trends such as corporate awareness of the Internet of Things (IoT) and demand for data-driven decision support tools facilitate the adoption of BEMSs. The study analyzes the current state of the market and provides insight into the future direction of BEMS offerings based on the functionality of emerging technologies, shifting customer demands, and other market dynamics. This variability in solution design and functionality reflects the newness of the market and diverse customer needs. According to Navigant Research, the global BEMS market is expected to reach $2.4 billion in 2015 and grow to $10.8 billion by 2024.

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