According to the latest market research study released by Technavio, the building energy management services market in the Middle East is expected to grow at a CAGR of more than 19% during the forecast period, 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Categorization of the building energy management services market in the Middle East based on the service type:
Building energy management services market share in the Middle East by the service type 2015
|
Maintenance and Support |
47.05% |
|
System Integration |
40.95% |
|
Consulting |
12.00% |
Source: Technavio
BEMS market by maintenance and support in the Middle East
The BEMS market for maintenance and support in the Middle East was valued at almost $108 million in 2015 and is expected to grow at a CAGR of over 19% by 2020. These services include planned maintenance and live support services related to the BEM system installed in the facility. Some of these services also include regular predictive and corrective maintenance of electro-mechanical equipment like HVAC, chillers, and air handling units that require improvements in terms of energy consumption. The support services offer remote assistance provided by a specialist to diagnose faults in the system and recommend corrective actions.
“The service providers in the industry are focusing on innovations in energy management that will result in the launch of new products, tools, and technologies. These products will enable building owners to improve their overall energy consumption. The companies are entering service agreements with energy consulting partners delivering value to the building energy performance. Moreover, the installation of new and higher grade energy retrofits will increase the demand for maintenance and support services,” says Bharath Kanniappan, a lead analyst at Technavio for automation.
BEMS market by system integration in the Middle East
The BEMS market for system integration in the Middle East was valued at over $93 million in 2015 and is expected to grow at a CAGR of almost 20% by 2020. The various systems integrated with energy systems involves design, engineering, and installation of better, enhanced, and efficient energy retrofits within the building facility. These system integrations impact the operations and energy consumption of the buildings and help in the performance and identifying the areas for improvement. The integration of electrical equipment with control systems helps users to get real-time data related to maintenance or criticality of the process equipment. The adoption of a system integrated approach aid facility owners to improve their energy performance.
BEMS market by consulting services in the Middle East
The BEMS market for consulting services in the Middle East was valued at around $27 million in 2015 and is expected to grow at a CAGR of more than 19% by 2020. The increasing awareness and the need to optimize the energy consumption of buildings will drive the demand in this market segment. The government is undertaking various initiatives like Green Building Code, Estidama, and Leadership in Energy and Environmental Design (LEED) certification to encourage sustainable development practices in the region. The end-users enter a contract agreement with service vendors who monitors the energy performance of the client building facilities. They also perform an audit to determine the areas of improvement within the energy management system. These contract agreements may include one-time compensation paid out at the beginning of the agreement.
The leading vendors operating in the building energy management services market in Middle East market are:
- EFS
- Emrill Services LLC
- EMS
- Enova
- Etisalat Facilities Management LLC
- Farnek Middle East LLC
- Saudi Oger
- Trane
Other prominent vendors in the market include Samama Holding, Musanadah, and Cylon.
A more detailed analysis is available in the Technavio report titled, ‘Building Energy Management Service Market in the Middle East 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Facility Management Services Market in the Middle East 2016-2020
- Global Next-generation Building Energy Management Systems Market 2016-2020
- Global Energy Management Market in Railways 2016-2020
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