United States Building Energy Management Systems Market (2023-2029) | Size, Share, Growth, Value, Revenue, Analysis, Trends, Industry, Segmentation, Outlook & COVID-19 IMPACT

US 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 10.24% over the previous year. While Mexico registered a growth of 7.01% as compared to the previous year. In the year 2017, China was the largest exporter followed by Mexico. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the USA has a Herfindahl index of 3051 in 2017 which signifies high concentration also in 2021 it registered a Herfindahl index of  1900 which signifies moderately concentrated in the market.

US Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in the United States Building Energy Management Systems Market

The United States 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.

United States Building Energy Management Systems Market Synopsis

The United States Building Energy Management Systems Market is surging exponentially in the country owing to the rising awareness of improving environmental impact where using energy management systems can help reduce carbon footprints. Additionally, government regulations regarding environmental impact have prompted businesses to invest in BEMS solutions to attain and meet sustainability goals is one of the trends estimated to secure a double-digit growth in the market.

According to 6Wresearch, the United States Building Energy Management Systems Market size is projected to grow at a significant rate during 2023-2029. The market has been growing considerably underpinned by various growth factors such as businesses becoming aware of to use of BEMS for better energy optimization and smart buildings construction leading to generating a high adoption rate of BEMS. Furthermore, the rising demand for IoT-enabled devices and sensors-enabled energy management systems to attain real-time energy usage data analysis is a great opportunity to widen the market landscape in the country. On the other hand, high installation costs and retrofitting of BEMS are more complicated than installation are some challenges that can impede the United States Building Energy Management Systems Market. However, the market still has a huge potential to grow significantly due to industrial expansion, leading to high energy use which tends to bolster the demand for BEMS to save energy and improve environmental impact.

COVID-19 Impact on the United States Building Energy Management Systems Market

COVID-19 had an adverse impact on the United States Building Energy Management System industry. The pandemic lockdown forced businesses to shut down, which resulted in low energy use in commercial and industrial sectors especially due to the closure caused by the pandemic and this further reduced the adoption of energy management systems. The economic slowdown in the country had reduced the spending on non-essential products including, BEMS solutions.

Key Players in the United States Building Energy Management System Market

Below mentioned are some of the major key players dealing in the market and offering top-notch automation solutions:

• Johnson Controls Inc. is a leading player providing top ranges of automation solutions including, lighting control systems, HVAC, and energy optimization services.
• Honeywell International Inc. is another prominent company that has wide relevance in the country. Who offers innovative & advanced technologies for efficient building automation.
• GridPoint Inc. has wide existence in the market and offers a comprehensive range of smart building technologies.

Market Analysis by Components & Services

Based on Components & Services, all components including, software, and services are witnessing growth due to their unique functions and usage such as hardware like sensor technologies and intelligent controllers to optimize energy consumption, the software facilitates real-time analytics in an advanced way, while services ensure uninterrupted & ongoing support.

Market Analysis by Technology

Based on technology, both wired and wireless technologies are gaining momentum, nevertheless, wireless technology is estimated to be a major market share-holding technology due to its flexibility, scalability, and cost-effectiveness. The retrofitting and implementation of IoT-enabled BEMS solutions driving the demand for warless technology.

Market Analysis by End Users

Based on end users, commercial and industrial sectors are increasing the United States Building Energy Management Systems Market share in the country owing to high energy-consuming sectors, release high energy footprints, and generate high energy costs. This increases the demand for BEMS to control energy use and reduce usage leading to reduced energy costs.

Market Analysis by Applications

According to Nitesh Kumar, Research Manager, 6Wresearch, all applications are experiencing growth in the market as all applications drive the need for BEMS to reduce energy costs and for a better environment. Although, BEMS adoption depends on building types and size. Nevertheless, optimizing space heating, controlling office equipment, improving lighting efficiency, and enhancing air conditioning systems are key focus areas where BEMS can provide substantial energy savings, cost reductions, and environmental benefits in the UK market.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2019 to 2022.
• Base Year: 2022.
• Forecast Data until 2029.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• United States Building Energy Management System Market Overview
• United States Building Energy Management System Market Outlook
• United States Building Energy Management System Market Forecast
• Historical Data of United States Building Energy Management System Market Revenues for the Period 2019-2029
• United States Building Energy Management System Market Size and Forecast of Revenues, Until 2029
• Historical Data of the United States Building Energy Management System Market Revenues, by Components and Services, for the Period 2019-2029
• Market Size & Forecast of United States Building Energy Management System Market Revenues, by Components and Services, until 2029
• Historical Data of the United States Building Energy Management System Market Revenues, by Technology, for the Period 2019-2029
• Market Size & Forecast of the United States Building Energy Management System Market Revenues, by Technology, until 2029
• Historical Data of the United States Building Energy Management System Market Revenues, by End-User, for the Period 2019-2029
• Market Size & Forecast of the United States Building Energy Management System Market Revenues, by End-User, until 2029
• Historical Data of the United States Building Energy Management System Market Revenues, by Application, for the Period 2019-2029
• Market Size & Forecast of the United States Building Energy Management System Market Revenues, by Application, until 2029
• Market Drivers and Restraints
• United States Building Energy Management System Market Trends
• Market Opportunity Assessment
• The United States Building Energy Management System Market Share, By Players
• United States Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent 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

United States Building Energy Management Systems Market: FAQs