by Shane Henson — February 1, 2012—According to Pike Research, a market research and consulting firm that provides in-depth analysis of global clean technology markets, worldwide revenue from building energy management systems (BEMS) will increase at a compound annual growth rate of nearly 14 percent through the rest of this decade, reaching just under $6 billion a year by 2020.
This forecast and the reasoning behind it is outlined in Building Energy Management Systems. The report examines the global market for BEMS hardware, software, and services, along with trends in new product offerings, new technologies, business models and business strategies, and key industry players. Market forecasts in this report include total revenue growth from 2011 through 2020, as well as segmentation for seven global regions. The forecasts also include segmentation by software, services, and hardware spending, along with projections for the leading market segments by building type for each region.
North America continues to lead the global market for BEMS, but Pike Research expects growth to accelerate worldwide, particularly in Asia Pacific. While interest in BEMS and energy efficiency is high in Western Europe, Asia Pacific is expected to take its place as the second largest market in coming years, due to the extremely rapid pace of construction in the region as well as the challenge of meeting soaring energy demand with limited supply.
Outside of these three regions, the BEMS market will generally experience single-digit growth and modest levels of overall spending over the forecast period, says Pike Research. In every region, the existing building stock is a large market for BEMS sales—particularly buildings constructed or modernized within the last 30 years with moderately sophisticated building management systems.
