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

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

In the year 2021, Viet Nam was the largest exporter in terms of value, followed by Japan. It has registered a decline of -8.29% over the previous year. While Japan registered a growth of 29.42% as compared to the previous year. In the year 2017 Viet Nam was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, China has a Herfindahl index of 783 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1958 which signifies moderately concentrated in the market.

China Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in the China Building Energy Management System Market

China Building Energy Management System 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 China Building Energy Management System Market

China Building Energy Management System Market continues to grow at a tremendous rate backed by some emerging trends in the country like, the adoption of IoT and cloud computing technologies integrated with BEMS solutions, and government initiatives & policies aimed at reducing carbon footprints through using energy management systems. Additionally, the poor environment is creating awareness among businesses to start investing in energy management systems to monitor, control, and optimize energy consumption efficiently & effectively, this is an ongoing concern serving as a great opportunity for high adoption of BEMS solutions and is further estimated to leave a favorable impact on the China Building Energy Management System Market growth.

China Building Energy Management System Market Synopsis

China Building Energy Management System Market has witnessed robust growth in the past few years on account of growing construction projects and growing demand for the energy-efficient system. The reduction in energy consumption, increasing electricity prices, and growing security concerns are increasing the growth of the building energy management system market in China. Additionally, improving profitability, and less maintenance, and repair costs would fuel the growth of the building energy management system market in China.  

According to 6wresearch, China Building Energy Management System Market size is expected to grow during 2020-2026. In technology, the wireless segment is anticipated to lead a major revenue share in the building energy management system market of China owing to efficiency, easy installation, flexibility, and advanced technology in the country. Moreover, during the first quarter of 2020, the market in China is anticipated to register negative growth in the economy due to the outbreak of the coronavirus pandemic which has a worse impact on the business worldwide. However, healthy growth and recovery in the economic scenario are expected in the China market during the second half of 2020-2026.

COVID-19 Impact on the China Building Energy Management System Market

COVID-19 had an adverse impact on the China Building Energy Management System Market. Major restrictions imposed by the government led to cease in construction activities which resulted in a major decrease in BEMS solution adoption. In addition to this, financial constraints caused by the economic downfall have forced businesses to cut off their costs which further resulted in the major decline in the adoption of energy management systems during times of COVID-19.

Key Players in the China Building Energy Management System Market

Some are the major key players operating in the country with a strong market presence, who offer a range of automation solutions to their customers to cater to their diverse needs are listed below:

• Johnson Controls International PLC
• ABB Ltd.
• Delta Electronics Inc.
• Cisco Systems Inc.
• Eaton Corporation plc
• IBM Corporation
• Emerson Electric Co.

These companies are shaping the market growth exponentially through their continued innovation in products and facilitating a wide range of automation and smart building solutions to ensure better optimization of energy consumption.

Market Analysis by Components & Service

Based on the Components & Service, hardware components, software, and services are witnessing growth which is followed by certain ongoing factors such as energy efficiency, greater sustainability, and cost saving.

Market Analysis by Technology

According to Shivankar, Research Manager, 6wresearch, although wired technology has its momentum in the country, nevertheless wireless technology adoption is contributing to the market growth due to its various benefits including greater flexibility & scalability, cost-effectiveness, high mobility, and integration capabilities.

Market Analysis by Applications

Based on applications, all applications including, pace Heating, Computers & Office Equipment, Lighting, and Air Conditioners boost the demand for BEMS to substantially save energy consumption.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• China Building Energy Management System Market Overview
• China Building Energy Management System Market Outlook
• China Building Energy Management System Market Forecast
• Historical Data of China Building Energy Management System Market Revenues for the Period 2016-2019
• China Building Energy Management System Market Size and Forecast of Revenues, Until 2026
• Historical Data of China Building Energy Management System Market Revenues, by Components and Services, for the Period 2016-2019
• Market Size & Forecast of China Building Energy Management System Market Revenues, by Components and Services, until 2026
• Historical Data of China Building Energy Management System Market Revenues, by Technology, for the Period 2016-2019
• Market Size & Forecast of China Building Energy Management System Market Revenues, by Technology, until 2026
• Historical Data of China Building Energy Management System Market Revenues, by End-User, for the Period 2016-2019
• Market Size & Forecast of China Building Energy Management System Market Revenues, by End-User, until 2026
• Historical Data of China Building Energy Management System Market Revenues, by Application, for the Period 2016-2019
• Market Size & Forecast of China Building Energy Management System Market Revenues, by Application, until 2026
• Market Drivers and Restraints
• China Building Energy Management System Market Trends
• Market Opportunity Assessment
• China Building Energy Management System Market Share, By Players
• China Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

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

By Components & Services

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

By Technology

• Wired
• Wireless

By End Users

• Residential
• Commercial
• Industrial

By Applications

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

China Building Energy Management System Market: FAQs