Argentina Building Energy Management System Market (2020-2026) | Share, Forecast, Outlook, Industry, Analysis, Revenue, Trends, Growth, Size, Value, Segmentation & COVID-19 IMPACT

Argentina Building Energy Management Systems Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Mexico. It has registered a growth of 12.21% over the previous year. While Mexico registered a growth of 42.16% as compared to the previous year. In the year 2017, China was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Argentina has a Herfindahl index of 3015 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  3535 which signifies high concentration in the market.

Argentina  Building Energy Management Systems Market - Export Market OpportunitiesTopics Covered in the Argentina Building Energy Management Systems Market

Argentina Building Energy Management Systems Market report thoroughly covers the market by components & services, by technology, by end users, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Latest (2023) Development of the Argentina Building Energy Management Systems Market

Argentina Building Energy Management Systems Market has been growing considerably in the country owing to the rising demand for BEMS installations across various end users like healthcare, retail, and hospitality. Moreover, the rising energy efficient solutions demand by the companies with the growing need to reduce operating costs while maintaining sustainability is estimated to boost the Argentina Building Energy Management Systems Market growth. Additionally, the rising awareness among businesses about environmental issues has resulted in an increased demand for BEMS to achieve energy efficiency which helps reduce the GHG level. Also, the rising energy cost is becoming a major concern among building owners who seek efficient energy-saving solutions. Where the BEMS demand has accelerated. This factor is estimated to widen the market landscape in the coming years.

Argentina Building Energy Management System Market Synopsis

Argentina Building Energy Management System Market has registered growth on account of rapid urbanization and surging industrial and construction sectors. The major factors increasing the growth of the building energy management system market in Argentina are increasing electricity prices, improving comfort for building users,s and maintaining environmental regulations. Additionally, the reduction in energy consumption and the growing demand for advanced technology would further boost the demand for the building energy management system market in Argentina.

According to 6Wresearch, the Argentina Building Energy Management Systems Market size is projected to gain momentum during 2020-2026. The market is driven by the growing various factors such as technological development into BEMS, rising energy efficient solutions demand, and increasing need to reduce energy costs. Additionally, the rising adoption of cloud-based BEMS solutions by the companies ensures greater flexibility through their remote controlling feature and provides greater scalability in the country. Also, an integration of smart technologies into BEMS such as AI and machine learning allows the customer to control remotely and can track real-time energy data. However, some challenges hindering the market growth in the country are high investment costs at the initial stage and a lack of awareness about BEMS use. Nevertheless, the wide benefits BEMS offer to their customer which smoothens the workflow by monitoring and controlling energy performance is estimated to burgeon the growth of the Argentina Building Energy Management Systems industry.

COVID-19 Impact on the Argentina Building Energy Management Systems Market

COVID-19 had a significant influence on the Argentina Building Energy Management Systems Market. During the pandemic time, many preventive measures imposed by the government such as restrictions on travel & trade practices led to a decline in the raw material and product supply in the country. In addition to this, people only spend on the purchase of essential items. As a result, the demand for BEMS had declined at a massive rate and this had further led to a drop in the Argentina Building Energy Management Systems Market shares.

Key Players in the Argentina Building Energy Management Systems Market

Some are the major companies operating in the market are listed below in the list:

• Siemens AG
• Honeywell International Inc.
• Schneider Electric SE
• Johnson Controls International plc
• ABB Ltd
• Delta Controls Inc.
• Cylon Controls Ltd
• Innotech Control Systems Australia Pty Ltd
• Trane Technologies plc
• Taka Solutions

Market Analysis by End-User

Based on end-user, the commercial and industrial segments are expected to dominate a major revenue share in the building energy management system market over the forecast period in Argentina on account of growing new infrastructural activities coupled with growing government investment in the construction projects and also due to increasing manufacturing in the industrial and commercial sector.

Market Analysis by Technology

Based on technology, the wireless segment is anticipated to lead a major revenue share in the building energy management system market in Argentina on account of upgrade technology, efficiency, flexibility, less maintenance, and easy installation.

Key Highlights of the Report:

• Argentina Building Energy Management System Market Overview
• Argentina Building Energy Management System Market Outlook
• Argentina Building Energy Management System Market Forecast
• Historical Data of Argentina Building Energy Management System Market Revenues for the Period 2016-2026
• Argentina Building Energy Management System Market Size and Forecast of Revenues, Until 2026
• Historical Data of Argentina Building Energy Management System Market Revenues, by Components and Services, for the Period 2016-2026
• Market Size & Forecast of Argentina Building Energy Management System Market Revenues, by Components and Services, until 2026
• Historical Data of Argentina Building Energy Management System Market Revenues, by Technology, for the Period 2016-2026
• Market Size & Forecast of Argentina Building Energy Management System Market Revenues, by Technology, until 2026
• Historical Data of Argentina Building Energy Management System Market Revenues, by End-User, for the Period 2016-2026
• Market Size & Forecast of Argentina Building Energy Management System Market Revenues, by End-User, until 2026
• Historical Data of Argentina Building Energy Management System Market Revenues, by Application, for the Period 2016-2026
• Market Size & Forecast of Argentina Building Energy Management System Market Revenues, by Application, until 2026
• Market Drivers and Restraints
• Argentina Building Energy Management System Market Trends
• Market Opportunity Assessment
• Argentina Building Energy Management System Market Share, By Players
• Argentina Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Argentina Building Energy Management System market report provides a detailed analysis of the following market segments:

By Components & Services

• Hardware
  • Sensors
  • Controllers
  • Actuators
  • Others
• Software
• Services

By Technology

• Wired
• Wireless

By End Users

• Residential
• Commercial
• Industrial

By Applications

• Space Heating
• Computers & Office Equipment
• Lighting
• Air Conditioners
• Others

Argentina Building Energy Management System Market: FAQs