Building Energy Management Systems Market to Exceed $6 Billion by 2023
The U.S. market is the largest regional segment and is likely to maintain its dominance
OCEAN VIEW, Del. — The global building energy management systems (BEMS) market is forecast to surpass $6 billion by 2023, according to a report from Global Market Insights Inc. Increasing regulatory pressure due to increasing energy waste in buildings is predicted to drive the industry over the coming years.
Rising awareness regarding the importance of efficient energy use at the corporate and government levels is anticipated to propel the building energy management systems market. The buildings sector is primarily responsible for energy consumption, says the report.