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

Thailand 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 Japan. It has registered a growth of 14.01% over the previous year. While Japan registered a decline of -36.06% as compared to the previous year. In the year 2017, China was the largest exporter followed by Japan. In terms of Herfindahl Index, which measures the competitiveness of countries exporting, Thailand has a Herfindahl index of 3205 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  4393 which signifies high concentration in the market.

Thailand Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in the Thailand Building Energy Management System Market

The Thailand 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 Thailand Building Energy Management System Market

 

Thailand Building Energy Management System Market is estimated to grow potentially in the country on the back of several ongoing trends & opportunities such as the rising smart buildings development and government initiatives to promote energy efficiency to reduce the carbon emission rate in the country, these trends are estimated to boost the adoption of BEMS solutions. Additionally, the increasing adoption of smart technologies integrated BEMS solutions like IoT-based sensors and data analytics enabled to ensure an efficient optimization and real-time database about energy usage. A prominent trend in the market is where key market players are collaborating with government bodies to create awareness about using energy management systems to maintain a sustainable environment. This is estimated to surge the growth of the Thailand Building Energy Management System industry at a massive rate in the upcoming years. 

Thailand Building Energy Management System Market Synopsis

Thailand Building Energy Management System Market has witnessed substantial growth in the past few years owing to the growing awareness regarding energy-efficient systems and the growing construction sector. The rising demand for power, reduction in running costs by conserving energy, and increasing electricity prices would further propel the demand for the building energy management system market in Thailand. Additionally, maintaining environmental regulations and improving profitability are the key aspects boosting the growth of the building energy management system market in Thailand.

According to 6wresearch, the Thailand Building Energy Management System Market size is expected to grow during 2020-2026. In terms of end-user, the residential segment is anticipated to hold a major revenue share in the building energy management system market over the forecast period in Thailand on account of rapid urbanization and growing energy infrastructure coupled with growing government investment in residential constructional activities.

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

The COVID-19 pandemic had a profound impact on the Thailand Building Energy Management System Market growth. The closure of commercial office spaces and disruption in the industrial operations caused by the pandemic while the entire population working from home led to less energy usage which further resulted in a decrease in the adoption of energy management systems. Also, the economic downfall seen at times of the COVID-19 phase was one of the major reasons for reduced spending on energy management systems, as a result, the market was impacted adversely. 

Key Players in the Thailand Building Energy Management System Market

Thailand Building Energy Management System Market is highly competitive with the existence of many key players providing a comprehensive range of energy management and automation solutions to optimize energy usage effectively and efficiently. Some of the key players are mentioned below:

• Siemens AG
• Honeywell International Inc
• Schneider Electric 
• Johnson Controls International 
• KMC Controls Inc
• Daikin Industries Ltd.
• Trane Technologies Plc.
• ABB Group

These above-mentioned are some of the major players operating and making efforts in shaping the market to grow substantially in the country.

Market Analysis by Components & Service

Based on the Components & Service, both hardware and software services are witnessing market growth influenced by certain leading factors in the market such as the energy efficiency needs. Technological advancements, and market trends.

Market Analysis by End Users

According to Dhaval, Research Manager, 6wresearch, both commercial and industrial sectors are increasing the Thailand Building Energy Management System Market share in the country backed by the rising airports, factories, warehouses, and offices tend to consume much energy, as a result, enhance the need to use energy management systems.

Market Analysis by Applications

Based on applications, each application seeks the adoption of BEMS to control the energy consumption driven by this electrical equipment.

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:

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

Markets Covered

The Thailand 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

Thailand Building Energy Management System Market: FAQs