London, 09 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the BEMS market in the APAC 2015-2019, which is projected to grow at a CAGR of 18.1% during the period 2014-2019.
New construction projects in the industrial sector in China, Japan, Australia, and India are boosting market growth. Also, the governments in these countries are taking steps to improve buildings’ energy efficiency. Higher energy consumption and rising energy prices have stimulated the demand for building energy software in the industrial sectors. This offers strong opportunities for venture capitalists and investors to foray into the market.
“The energy management market is shifting from a tactical approach to a strategic approach as firms are raising governance to a global level, making decisions, and trying to gain control over all systems,” says Faisal Ghaus, Vice President of Technavio.
“Most vendors are integrating software and services to form a platform that fulfills all energy requirements, starting from procurement of the private smart grid to demand-side management.”
Key Market Drivers
- Greater Energy and Cost Savings
- Need for Increased Productivity
- Increased Use of Platform-based Energy Services
Key Market Trends
- Increased Need for Energy Management
- Smart Meter Deployment
- Development of Centralized Remote Control
Key Market Vendors
- Daikin Industries Ltd.
- GE Digital Energy
- Honeywell International Inc.
- Schneider Electric SA
- Siemens Building Technologies
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
