How big is the Building Energy Management Market | Drivers & Demand 2025

Q: How big is the building energy management market in 2024?

The building management market was estimated at USD 8.2 billion in 2024.

Q: What is the expected market size by 2031?

The market is projected to reach USD 18 billion by 2031, growing at a CAGR of 12%.

Q: What factors are driving the building energy management market?

Government mandates, rising energy costs, smart building growth, and corporate ESG goals are primary drivers.

Q: What are the top trends in the building energy management industry?

Cloud-based platforms, AI analytics, renewable energy integration, and energy-as-a-service models are key trends.

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Code: MTA5397

Publication Date: Jul 2025

What is the size of the Building Energy Management Market?

According to 6Wresearch internal database and industry insights, the Building Energy Management Market was estimated at USD 8.2 billion in 2024 and is projected to reach USD 18 billion by 2031, growing at a CAGR of 12% during the forecast period 2025–2031.

Due to rising energy efficiency regulations, increasing energy costs, and the demand for smart building technologies to reduce carbon footprints and operational expenses, the market is continued to rise in the forthcoming years.

Key Growth Factors of the Building Energy Management Market

Developments of smart buildings and IoT-enabled infrastructure
Stringent government regulations and sustainability mandates
Rising energy prices and the need for cost optimization
Increasing awareness of carbon emissions and ESG targets
Expansion of commercial real estate and corporate sustainability initiatives

Building Energy Management Market Trends

The building energy management market is experiencing exceptional growth with rising adoption of cloud-based energy management platforms and real-time analytics. This market is integrated with renewable energy sources and on-site generation is becoming standard. Further, the automated demand response systems and AI-driven insights are enabling smarter energy usage across commercial, industrial, and institutional buildings. Together, all these trends are shaping the market dynamics.

Emerging Developments in the Building Energy Management Market

Building energy management market is navigating major developments which include the rising use of digital twin technology for energy simulations and performance tracking.AI and machine learning algorithms are being leveraged for predictive energy optimization. The shift is increasing towards open, interoperable systems allows seamless integration of energy data across HVAC, lighting, and security systems. The market is seeing growth in energy-as-a-service (EaaS) models is making energy management more accessible for medium and small enterprises.