The Global Building Energy Management System Market
is expected to grow at a CAGR of 14.7% between 2021-2026. The
increasing energy costs and rising awareness to control surging energy
consumption are pushing governments & industrial bodies to adopt
efficient energy management systems, thereby driving the market.
Key Questions Covered in this report:
- What are the current & future trends in the Market?
- How has the competition been shaping across various countries, followed by their comparative factorial indexing?
- What are the key results derived from surveys conducted during the Market study?
- What are the key innovations, opportunities and regulations in the Market?
- What are the strengths & weaknesses of key competitors, and how do they perform in the Market based on a competitive matrix?
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The prime objective of this report is to help users understand the Market's definition, shares, segmentation, potential, key trends, and growth challenges. The readers will find this report extremely helpful in thoroughly understanding the market insights. The market data & information taken from reliable sources were checked & validated by the industry experts. Following are other inclusions of the Market research report:
• Covid-19 Impact Analysis on the market growth.
• Regional/Country-Level Landscape
• Figures citing sales volume & revenue.
• Assessment of the major industry trends.
• A citation of the prominent companies in the Market
In
Europe & the United States, around 35% of buildings are older than
50 years. Moreover, 75% of the total buildings were energy inefficient
as of 2019. Of both, the United States is planning to rebuild or
renovate around 75% of its buildings by 2035 to save energy by equipping
them with highly efficient energy management systems, states EIA.
Hence, in the coming years, the country is expected to become a vibrant
hotspot for building energy management system providers.
With
time, energy consumption has dramatically increased, owing to the
growing population, the rapid expansion of residential & commercial
sectors, and the burgeoning adoption of technologically advanced
devices. This snowballing energy consumption is leading to a massive
surge in energy bills. Hence, the demand for building energy management
systems is expected to significantly increase in the forecast years to
minimize these skyrocketing energy bills.
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