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: ETC001802 | Publication Date: Mar 2020 | Updated Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Mexico 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.
Mexico Building Energy Management System Market has been experiencing significant growth in the country with some ongoing developments. One of the latest developments is increasing government initiatives towards smart cities seeking to save energy at a vast level. Additionally, the rising adoption of Cloud-based systems that facilitate various benefits such as, scalability and enhanced data security is one of the leading factors driving BEMS demand. Additionally, integrated building automation systems have been gaining popularity in the market which facilitate multiple functions in one platform like lighting control, and HVAC management. This is another leading factor driving the BEMS adoption and further creating a positive impact on the Mexico Building Energy Management System Market growth.
Mexico Building Energy Management System Market is estimated to surge at a tremendous rate in the country underpinned by the rising adoption of BEMS in the commercial sector especially, with the growing demand to save high energy consumption to reduce energy cost while maintaining sustainability. On the other hand, the high upfront cost of BEMS limits the companies to invest and this becomes a major challenge to the market growth to some extent, however, some of the rising awareness among the building owners and businesses about the benefits of the BEMS has resulted in an increase in the adoption rate.
According to 6Wresearch, the Mexico Building Energy Management System Market size is projected to gain momentum during 2020-2026. The market is driven by an increase in the adoption of BEMS from various sectors such as healthcare, retail, and hospitality. These sectors are seeking to reduce their energy cost through BEMS which can monitor and control their energy consumption. Moreover, people are becoming more aware of environmental sustainability, which is driving the BEMS solution to improve energy consumption efficiency while reducing operating costs. However, a lack of awareness about the BEMS use reduces the adoption rate which can be a proven constraint for market growth. In response to this, smart building developments is rising in the country which is driving the BEMS demand and leaving a favorable impact on the growth of the Mexico Building Energy Management System industry.
The pandemic had left an adverse influence on the Mexico Building Energy Management System Market. With the complete lockdown resulted in the closure of sector activities, caused by COVID-19 to reduce the virus spread. This resulted, in a major reduction in the BEMS demand by sectors. Moreover, the financial challenge caused by the economic downfall during COVID-19 was one of the reasons for declining the spending on BEMS solutions, being one of the non-essential items.
Some are the significant players operating in the market are mentioned below:
In terms of end-user, the commercial and industrial segment is expected the lead the building energy management system market revenue in Mexico due to the growing construction industry and growing industrialization in the country.
Based on technology, the wireless segment is expected to dominate the building energy management system market revenue owing to growing awareness regarding advanced wireless control technology. Moreover, the growing private and public sector investment is also expected to propel the building energy management system market in Mexico during the forecast period.
The Mexico Building Energy Management System market report provides a detailed analysis of the following 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. Mexico Building Energy Management System Market Overview |
3.1 Mexico Building Energy Management System Market Revenues and Volume, 2016-2026F |
3.2 Mexico Building Energy Management System Market Revenue Share, By Components & Services, 2019 & 2026F |
3.3 Mexico Building Energy Management System Market Revenue Share, By Technology, 2019 & 2026F |
3.4 Mexico Building Energy Management System Market Revenue Share, By End Users, 2019 & 2026F |
3.5 Mexico Building Energy Management System Market Revenue Share, By Applications, 2019 & 2026F |
3.6 Mexico Building Energy Management System Market - Industry Life Cycle |
3.7 Mexico Building Energy Management System Market - Porter’s Five Forces |
4. Mexico Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Mexico Building Energy Management System Market Trends |
6. Mexico Building Energy Management System Market Overview, by Components & Services |
6.1 Mexico Hardware Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.2 Mexico Software Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.3 Mexico Services Building Energy Management System Market Revenues and Volume, 2016-2026F |
7. Mexico Building Energy Management System Market Overview, by Technology |
7.1 Mexico Building Energy Management System Market Revenue and Volumes, By Wired, 2016-2026F |
7.2 Mexico Building Energy Management System Market Revenue and Volumes, By Wiredless, 2016-2026F |
8. Mexico Building Energy Management System Market Overview, by End User |
8.1 Mexico Building Energy Management System Market Revenue and Volumes, By Residential, 2016-2026F |
8.2 Mexico Building Energy Management System Market Revenue and Volumes, By Commercial, 2016-2026F |
8.3 Mexico Building Energy Management System Market Revenue and Volumes, By Industrial, 2016-2026F |
9. Mexico Building Energy Management System Market Overview, by Application |
9.1 Mexico Building Energy Management System Market Revenue and Volumes, By Space Heating, 2016-2026F |
9.2 Mexico Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2016-2026F |
9.3 Mexico Building Energy Management System Market Revenue and Volumes, By Lighting, 2016-2026F |
9.4 Mexico Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2016-2026F |
9.5 Mexico Building Energy Management System Market Revenue and Volumes, By Others, 2016-2026F |
10. Mexico Building Energy Management System Market Key Performance Indicators |
11. Mexico Building Energy Management System Market Opportunity Assessment |
11.1 Mexico Building Energy Management System Market Opportunity Assessment, By Components & Services, 2026F |
11.2 Mexico Building Energy Management System Market Opportunity Assessment, By Technology, 2026F |
11.3 Mexico Building Energy Management System Market Opportunity Assessment, By End user, 2026F |
11.4 Mexico Building Energy Management System Market Opportunity Assessment, By Application, 2026F |
12. Mexico Building Energy Management System Market Competitive Landscape |
12.1 Mexico Building Energy Management System Market By Companies, 2019 |
12.2 Mexico Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15 . Disclaimer |