Oct. 29, 2013: Building Energy Management Systems Market to Reach $23 Billion by 2017
Global Attention Is on the Efficient Use of Energy and Reduction in CO2 Emissions
LONDON — A new report on the market for building energy management systems (BEMS) and enterprise energy management (EEM), published by Memoori Business Intelligence Ltd., says total global sales of BEMS will be $16.7 billion in 2013, and it is forecast to grow to $23.14 billion by 2017, a compound annual growth rate (CAGR) of approximately 8.4 percent.
Energy savings remain the key driver for the BEMS and EEM markets. Global attention is on the efficient use of energy resources and reduction in CO2 emissions. With buildings accounting for around 40 percent of primary energy usage, the research firm says, savings here can make a significant impact.