Market Forecast 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) And Competitive Landscape
Product Code: ETC002256 | Publication Date: Aug 2024 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Jordan Building Energy Management Systems Market |
Forecast period | 2024-2030 |
CAGR | 16% |
Growing Sector | Commercial Sector |
The Jordan Building Energy Management Systems Market report thoroughly covers the market by Components & Services, by Technology, by End Users, and by Applications. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would assist stakeholders to devise and align their market strategies according to the current and future market dynamics.
The building energy management systems market in Jordan is poised for rapid growth, fueled by increasing demand for energy-efficient solutions across residential, commercial, and industrial sectors. This uptick is largely driven by the adoption of smart technologies and substantial investments in building infrastructure aimed at enhancing efficiency. Key areas benefiting from these advancements include security systems, lighting, HVAC (heating, ventilation, and air conditioning), and overall energy management solutions. Jordan's proactive stance on energy management, bolstered by government initiatives promoting efficiency and safety, serves as a critical catalyst for market expansion.
According to 6Wresearch, the Jordan Building Energy Management Systems Market size is expected to grow at a substantial CAGR OF 16% during the forecast period of 2024-2030. The building energy management systems (BEMS) market in Jordan is experiencing significant growth, driven by increasing demand for energy-efficient solutions across commercial, residential, and industrial sectors. Government initiatives aimed at promoting energy efficiency play a crucial role, alongside technological advancements that enable smarter building operations. Businesses and homeowners are increasingly turning to BEMS to optimize energy consumption, improve security measures, and enhance overall operational efficiency. These systems integrate automated HVAC controls, lighting management, and security systems, transforming traditional buildings into smart, interconnected environments. The shift towards sustainable building practices and the need for cost-effective operational solutions are further driving market expansion.
Despite the ongoing growth and potential of the Jordanian building energy management systems market, there are some challenges that may hinder its progress. These include high initial costs for implementing BEMS, lack of awareness among end users, and limited technical expertise in operating and maintaining these systems. Additionally, factors such as political instability in the region and fluctuating oil prices may also impact market growth.
In Jordan's building energy management systems (BEMS) industry, several leading players are making significant strides. Companies include Schneider Electric are prominent, leveraging their expertise in energy management and automation solutions to cater to Jordan's growing demand for efficient building operations. Siemens AG also plays a pivotal role with its advanced technologies in building technologies and solutions, contributing to the country's sustainable development goals. Local players such as Al-Futtaim Engineering and Johnson Controls are actively involved, offering a range of BEMS solutions tailored to local market needs. These companies provide integrated systems that control and monitor energy usage, optimize HVAC systems, manage lighting, and enhance overall building efficiency. Their presence underscores the industry's focus on technological innovation, reliability, and sustainability in transforming Jordan's building infrastructure. As the market continues to expand, collaboration between global leaders and local expertise will likely drive further advancements in BEMS technology, shaping the future of smart and energy-efficient buildings across Jordan.
In Jordan, the government has implemented stringent regulations and initiatives to promote energy efficiency through building energy management systems (BEMS). These regulations aim to reduce energy consumption, lower carbon emissions, and enhance overall sustainability in the built environment. Key regulations include standards for energy-efficient building design and operations, mandatory energy audits for large buildings, and incentives for implementing BEMS and other green technologies. The government encourages building owners and developers to adopt BEMS by offering financial incentives, tax breaks, and subsidies for energy-efficient upgrades. Additionally, regulatory frameworks emphasize the importance of compliance with international energy standards and certification requirements, ensuring that buildings meet rigorous performance benchmarks. These regulatory measures not only support environmental goals but also drive market demand for BEMS solutions, positioning Jordan as a proactive player in sustainable building practices within the region.
The future of Jordan's building energy management systems (BEMS) market appears poised for continued growth and innovation. The increasing focus on sustainability and energy efficiency across commercial, residential, and industrial sectors will drive demand for advanced BEMS solutions. Government incentives and regulations aimed at reducing carbon footprints and promoting green buildings will further accelerate market expansion. Technological advancements, such as artificial intelligence (AI) and Internet of Things (IoT) integration, will enhance the capabilities of BEMS, enabling real-time monitoring, predictive analytics, and remote management of building systems. These advancements not only improve energy efficiency but also contribute to operational cost savings and environmental sustainability. As businesses and homeowners recognize the long-term benefits of BEMS in optimizing energy use and enhancing building performance, adoption rates are expected to rise. The evolving landscape in Jordan's BEMS market signifies a shift towards smarter, more sustainable building management practices, shaping a future where buildings play a pivotal role in energy conservation and environmental stewardship.
According to Ravi Bhandari, Research Head, 6Wresearch, software segment is expected to show the most significant growth. Software plays a crucial role in BEMS by enabling data analytics, system integration, and remote management capabilities. As buildings become smarter and more interconnected, the demand for advanced software solutions that facilitate efficient energy management and operational optimization is increasing.
In Jordan's building energy management systems (BEMS) market, wireless technology is experiencing the most significant growth. This trend is driven by several factors, including the flexibility and ease of installation that wireless systems offer compared to traditional wired setups. Wireless BEMS solutions eliminate the need for extensive wiring, reducing installation time and costs, which is particularly appealing in retrofitting older buildings or expanding existing systems.
In Jordan, the commercial sector appears to be experiencing the most significant growth in the building energy management systems (BEMS) market. This growth is driven by a heightened focus on operational efficiency, cost savings, and sustainability initiatives among businesses and organizations. Commercial buildings, including offices, retail spaces, and hospitality establishments, are increasingly adopting BEMS to optimize energy consumption, improve indoor comfort, and comply with regulatory requirements.
In Jordan's building energy management systems (BEMS) market, the application segment that is likely growing the most is air conditioners. This growth is driven by the significant energy consumption associated with cooling in the region's hot climate. BEMS offer effective solutions for optimizing the operation of air conditioning systems, ensuring energy efficiency while maintaining comfort levels.
The report offers a comprehensive study of the subsequent market segments
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Jordan Building Energy Management System Market Overview |
3.1 Jordan Building Energy Management System Market Revenues and Volume, 2016-2026F |
3.2 Jordan Building Energy Management System Market Revenue Share, By Components & Services, 2019 & 2026F |
3.3 Jordan Building Energy Management System Market Revenue Share, By Technology, 2019 & 2026F |
3.4 Jordan Building Energy Management System Market Revenue Share, By End Users, 2019 & 2026F |
3.5 Jordan Building Energy Management System Market Revenue Share, By Applications, 2019 & 2026F |
3.6 Jordan Building Energy Management System Market - Industry Life Cycle |
3.7 Jordan Building Energy Management System Market - Porter’s Five Forces |
4. Jordan Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Jordan Building Energy Management System Market Trends |
6. Jordan Building Energy Management System Market Overview, by Components & Services |
6.1 Jordan Hardware Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.2 Jordan Software Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.3 Jordan Services Building Energy Management System Market Revenues and Volume, 2016-2026F |
7. Jordan Building Energy Management System Market Overview, by Technology |
7.1 Jordan Building Energy Management System Market Revenue and Volumes, By Wired, 2016-2026F |
7.2 Jordan Building Energy Management System Market Revenue and Volumes, By Wireless, 2016-2026F |
8. Jordan Building Energy Management System Market Overview, by End User |
8.1 Jordan Building Energy Management System Market Revenue and Volumes, By Residential, 2016-2026F |
8.2 Jordan Building Energy Management System Market Revenue and Volumes, By Commercial, 2016-2026F |
8.3 Jordan Building Energy Management System Market Revenue and Volumes, By Industrial, 2016-2026F |
9. Jordan Building Energy Management System Market Overview, by Application |
9.1 Jordan Building Energy Management System Market Revenue and Volumes, By Space Heating, 2016-2026F |
9.2 Jordan Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2016-2026F |
9.3 Jordan Building Energy Management System Market Revenue and Volumes, By Lighting, 2016-2026F |
9.4 Jordan Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2016-2026F |
9.5 Jordan Building Energy Management System Market Revenue and Volumes, By Others, 2016-2026F |
10. Jordan Building Energy Management System Market Key Performance Indicators |
11. Jordan Building Energy Management System Market Opportunity Assessment |
Market Forecast 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) And Competitive Landscape
Product Code: ETC002256 | Publication Date: Apr 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
In the year 2021, Japan was the largest exporter in terms of value, followed by China. It has registered a growth of 45.85% over the previous year. While China registered a decline of -8.48% as compare to the previous year. In the year 2017 Japan was the largest exporter followed by Germany. In term of Herfindahl Index, which measures the competitiveness of countries exporting, Jordan has the Herfindahl index of 1414 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of 1415 which signifies high competitiveness in the market.
Jordan Building Energy Management System Market Synopsis
Jordan Building Energy Management System Market has witnessed growth over the past years due to the growing constructional sector in the country coupled with increasing foreign direct investment. The growing demand for power, increasing electricity prices, growing urbanization, and growing security concerns would boost the growth of the building energy management system market in Jordan. Additionally, the Major factors driving the demand for the building energy management system market in Jordan are improving profitability, reduction in energy consumption, and growing awareness about the energy-efficient system.
According to 6wresearch, the Jordan Building Energy Management System Market size is expected to grow during 2020-2026. In Jordan, the market is anticipated to witness a decline in the economic growth during the first quarter of 2020 due to the COVID-19 which has spread a worse impact on the business worldwide. However, during the second half of 2020-2026 healthy growth and recovery in the economic scenario are expected in the Jordan market. In terms of technology, the wireless segment is expected to lead a major revenue share in the building energy management system market during the forecast period in Jordan on account of upgrade technology, efficiency, flexibility, less maintenance, and easy installation.
Based on end-user, the industrial and commercial segments are expected to dominate a major revenue share in the building energy management system market over the forecast period in Jordan owing to growing manufacturing and growing energy infrastructure coupled with growing the government investment in the constructional activities and growing commercial and industrial sectors.
The Jordan Building Energy Management System Market report thoroughly covers the market by components and services, technology, end-users, and applications. The Jordan Building Energy Management System market outlook report provides an unbiased and detailed analysis of the on-going Jordan Building Energy Management System 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.
Jordan building energy management system market in the coming years backed by rising awareness of less consumption of electricity coupled with reducing operational cost. By detection and examination, the automatic turn-off systems by the building energy management systems are estimated to leave a positive impact on the energy management system demand in the coming years. Further, easy installation and low maintenance of energy systems is estimated to drive high sales revenues in the market and is estimated to propel the significant demand for energy management systems and is anticipated to boost the substantial growth of Jordan building energy management system market in the coming years.
Key Highlights of the Report:
Markets Covered
The Jordan Building Energy Management System market report provides a detailed analysis of the following market segments: