According to Global Building Energy Management Solutions Market Forecast & Opportunities, 2018, the market revenues of global building energy management solutions are forecast to grow at a CAGR of around 19% during 2013-18. The demand for energy management solutions in the buildings is majorly driven by North America and Europe regions, due to aggressive government policies and regulatory support. This is further supported by various incentives and labeling programs. It is expected that increasing adoption of renewable energy technologies like roof-top solar photovoltaic power plants, wind farms and energy efficient hardware, for instance, window glasses, etc., would drive the market over the next five years. The companies involved in providing energy management solutions are predominantly focusing on new buildings against retrofit solutions, as the former offers comparatively higher energy saving potential. In addition, installation of energy management solutions in new buildings is relatively simpler.

Market Trends & Developments

Advance CO2 Sensors
Cloud based Energy Control Solutions
Directed Acquisitions By Key Players
Increasing Usage of Sub-meters
Net Zero Energy Buildings
Increasing Trend of Smart Buildings
Building Information Modelling
Automatic Demand Response