October 5, 2018 - 5:30 AM EDT
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Building Energy Management Systems Market in the United States (2018-2024): Rising Electricity Bills are Driving Demand - ResearchAndMarkets.com

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The "United States Building Energy Management Systems Market (2018-2024): Market Forecast by Components & Services, by Hardware Components, by End Users, by Applications, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

According to the report, the United States Building Energy Management Systems Market is expected to grow at a CAGR of 12.2% during 2018-2024.

The electricity tariffs in the United States for residential, commercial and industrial segments are expected to rise by 8%, 6%, and 7%, respectively during 2016-19. Rising electricity bills are expected to drive the demand for building energy management systems in the United States over the coming years.

Several advantages of integrated BEMS hardware and software system includes budgets & variance reports, utility bill tracking, real-time metering and collection of energy data usage by various equipment such as heating, ventilation, lighting, and air conditioning, making them quite popular among residential and commercial users.

Government initiatives such as Southern California Edison (SCE) and App Lab coupled with promoting the use of LEDs and CFLs in all residential, commercial and industrial sectors will further fuel the demand for BEMS systems in the country during the forecast period.

According to EIA, industrial energy consumption is projected to rise in all three main sub industrial areas namely, non-manufacturing, energy-intensive manufacturing, and nonenergy-intensive manufacturing. Rising electricity tariffs are also making industrial and manufacturing players lean towards building energy management systems and would make the industrial sector to grow at the highest CAGR during the forecast period.

Key Topics Covered

1. Executive Summary

2. Introduction

3. Global Building Energy Management Systems Market Overview

4. United States Building Energy Management Systems Market Overview

5. United States Building Energy Management Systems Market Dynamics

6. United States Building Energy Management Systems Market Trends

7. United States Building Energy Management Systems Market Overview, By Components & Services

8. United States Building Energy Management Systems Market Overview, By Hardware

9. United States Building Energy Management Systems Market Overview, By Applications

10. United States Building Energy Management Systems Market Overview, By End Users

11. United States Building Energy Management Systems Market Overview, By Regions

12. United States Building Energy Management Systems Market, Key Performance Indicators

13. United States Building Energy Management Systems Market, Opportunity Assessment

14. United States Building Energy Management Systems Market, Competitive Landscape

15. Company Profiles

  • American Auto-Matrix Inc.
  • Automated Logic Corporation
  • BuildingIQ Inc.
  • Ecova Inc.
  • Honeywell International Inc.
  • Johnson Controls International PLC
  • Lucid Design Group Inc.
  • Siemens AG
  • Schneider Electric SE
  • Trane Inc.

For more information about this report visit https://www.researchandmarkets.com/research/2b3xqv/building_energy?w=4

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Related Topics: Utilities


Source: Business Wire (October 5, 2018 - 5:30 AM EDT)

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