Building energy management systems market to reach nearly $70b by 2030

  • May 7, 2024
  • Michael Nadeau

Building energy management systems (BEMS), which monitor, control, and optimize energy usage within a building, leverage real-time data analytics to automate energy control and reduce energy costs. It’s not surprising, then, that the BEMS market is projected to grow to $67.69 billion USD by 2030, according to a report from 360iResearch.

Used primarily in commercial buildings, BEMS use hardware, software, and cloud services to collect and analyze the data needed to provide remote monitoring and management of energy usage:

  • Controllers process data from sensors to maintain optimal environmental conditions.
  • Actuators respond to controller commands to adjust HVAC system components such as valves and dampers, directly influencing energy use.
  • Energy meters track consumption across utilities to identify opportunities to reduce waste.
  • Gateways and interface devices ensure seamless communication among different technologies in the BEMS
  • Networking components, including routers and switches, support the efficient exchange of information.
  • Sensors gather environmental data needed for energy-saving decisions.
  • Server and storage devices store and analyze the data collected.
  • The software processes data from hardware inputs to visualize energy patterns, pinpoint inefficiencies, and recommend conservation strategies.

The report notes that cloud-based BEMS provide better flexibility, scalability, and remote access while putting less stress on IT resources. The report’s authors caution, however, that a stable internet connection is necessary for cloud-based BEMS reliability. Subscription costs and security are other cloud concerns that organizations need to consider.

“The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the building energy management systems market,” the report stated. “This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.