PUBLISHER: KBV Research | PRODUCT CODE: 1432468
PUBLISHER: KBV Research | PRODUCT CODE: 1432468
Asia Pacific Building Energy Management Systems Market Size, Share & Trends Analysis Report By Category (Software, Hardware, and Service), By End-User (Residential, Commercial & Institutional, and Industrial), By Country and Growth Forecast, 2023 - 2030
The Asia Pacific Building Energy Management Systems Market would witness market growth of 11.6% CAGR during the forecast period (2023-2030).
BEMS serves as a powerful tool for energy monitoring and data analytics. By integrating sensors, meters, and other monitoring devices, BEMS collects real-time data on energy consumption within a building. This data is then analyzed to identify patterns, trends, and areas of inefficiency. Energy managers and facility operators can gain valuable insights into how and when energy is used, allowing for informed decision-making and targeted improvements. One of the primary uses of BEMS is optimizing HVAC systems. BEMS monitors and controls temperature, humidity, and air quality based on occupancy, weather conditions, and other factors. By dynamically adjusting HVAC settings, BEMS ensures that energy is used efficiently, preventing unnecessary heating or cooling when spaces are unoccupied and adapting to changing conditions in real-time.
BEMS is crucial in lighting control, contributing to energy efficiency and occupant comfort. Smart lighting systems integrated with BEMS can automatically adjust light levels based on natural daylight, occupancy, and time of day. This minimizes energy usage while improving the comfort and productivity of building occupants. BEMS helps manage peak energy demand by strategically controlling and optimizing energy usage during peak periods. BEMS can implement demand response strategies by identifying peak load times, such as load shedding or shifting non-essential energy-intensive processes to off-peak hours. This reduces electricity costs and contributes to the stability of the overall energy grid.
The Asia Pacific region has witnessed substantial population growth and a significant influx of people into urban areas. According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community globally. Similarly, as per the State Council of China, urbanization has accelerated rapidly throughout China in recent years, with the National Bureau of Statistics estimating that the rate increased to 64.72 percent last year. As of the end of 2022, 914 million people were living in cities, an increase of 12.05 million from 2021. Therefore, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Building Energy Management Systems Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,485 Million by 2029. The Japan market is registering a CAGR of 10.9% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 12.2% during (2023 - 2030).
Based on Category, the market is segmented into Software, Hardware, and Service. Based on End-User, the market is segmented into Residential, Commercial & Institutional, and Industrial. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
List of Key Companies Profiled
- ABB Ltd.
- General Electric Company
- Honeywell International, Inc.
- Hitachi, Ltd.
- Siemens AG
- Schneider Electric SE
- Emerson Electric Co.
- Rockwell Automation, Inc.
- Eaton Corporation PLC
- mCloud Technologies Corp.
Asia Pacific Building Energy Management Systems Market Report Segmentation
By Category
- Software
- Hardware
- Service
By End-User
- Residential
- Commercial & Institutional
- Industrial
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Table of Contents
Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 Asia Pacific Building Energy Management Systems Market, by Category
- 1.4.2 Asia Pacific Building Energy Management Systems Market, by End-User
- 1.4.3 Asia Pacific Building Energy Management Systems Market, by Country
- 1.5 Methodology for the research
Chapter 2. Market at a Glance
- 2.1 Key Highlights
Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.1.1 Overview
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Opportunities
- 3.2.3 Market Restraints
- 3.2.4 Market Challenges
Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Top Winning Strategies
- 4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.3.2 Key Strategic Move: (Mergers & Acquisition: 2020, Mar - 2023, Oct) Leading Players
- 4.4 Porter's Five Forces Analysis
Chapter 5. Asia Pacific Building Energy Management Systems Market by Category
- 5.1 Asia Pacific Software Market by Country
- 5.2 Asia Pacific Hardware Market by Country
- 5.3 Asia Pacific Service Market by Country
Chapter 6. Asia Pacific Building Energy Management Systems Market by End-User
- 6.1 Asia Pacific Residential Market by Country
- 6.2 Asia Pacific Commercial & Institutional Market by Country
- 6.3 Asia Pacific Industrial Market by Country
Chapter 7. Asia Pacific Building Energy Management Systems Market by Country
- 7.1 China Building Energy Management Systems Market
- 7.1.1 China Building Energy Management Systems Market by Category
- 7.1.2 China Building Energy Management Systems Market by End-User
- 7.2 Japan Building Energy Management Systems Market
- 7.2.1 Japan Building Energy Management Systems Market by Category
- 7.2.2 Japan Building Energy Management Systems Market by End-User
- 7.3 India Building Energy Management Systems Market
- 7.3.1 India Building Energy Management Systems Market by Category
- 7.3.2 India Building Energy Management Systems Market by End-User
- 7.4 South Korea Building Energy Management Systems Market
- 7.4.1 South Korea Building Energy Management Systems Market by Category
- 7.4.2 South Korea Building Energy Management Systems Market by End-User
- 7.5 Singapore Building Energy Management Systems Market
- 7.5.1 Singapore Building Energy Management Systems Market by Category
- 7.5.2 Singapore Building Energy Management Systems Market by End-User
- 7.6 Malaysia Building Energy Management Systems Market
- 7.6.1 Malaysia Building Energy Management Systems Market by Category
- 7.6.2 Malaysia Building Energy Management Systems Market by End-User
- 7.7 Rest of Asia Pacific Building Energy Management Systems Market
- 7.7.1 Rest of Asia Pacific Building Energy Management Systems Market by Category
- 7.7.2 Rest of Asia Pacific Building Energy Management Systems Market by End-User
Chapter 8. Company Profiles
- 8.1 ABB Ltd.
- 8.1.1 Company Overview
- 8.1.2 Financial Analysis
- 8.1.3 Segmental and Regional Analysis
- 8.1.4 Research & Development Expense
- 8.1.5 Recent strategies and developments:
- 8.1.5.1 Product Launches and Product Expansions:
- 8.1.5.2 Acquisition and Mergers:
- 8.1.6 SWOT Analysis
- 8.2 General Electric Company
- 8.2.1 Company Overview
- 8.2.2 Financial Analysis
- 8.2.3 Segmental and Regional Analysis
- 8.2.4 Research & Development Expense
- 8.2.5 Recent strategies and developments:
- 8.2.5.1 Acquisition and Mergers:
- 8.2.6 SWOT Analysis
- 8.3 Honeywell International, Inc.
- 8.3.1 Company Overview
- 8.3.2 Financial Analysis
- 8.3.3 Segmental and Regional Analysis
- 8.3.4 Research & Development Expenses
- 8.3.5 Recent strategies and developments:
- 8.3.5.1 Partnerships, Collaborations, and Agreements:
- 8.3.5.2 Product Launches and Product Expansions:
- 8.3.6 SWOT Analysis
- 8.4 Hitachi, Ltd.
- 8.4.1 Company Overview
- 8.4.2 Financial Analysis
- 8.4.3 Segmental and Regional Analysis
- 8.4.4 Research & Development Expenses
- 8.4.5 Recent strategies and developments:
- 8.4.5.1 Product Launches and Product Expansions:
- 8.4.5.2 Acquisition and Mergers:
- 8.4.6 SWOT Analysis
- 8.5 Siemens AG
- 8.5.1 Company Overview
- 8.5.2 Financial Analysis
- 8.5.3 Segmental and Regional Analysis
- 8.5.4 Research & Development Expense
- 8.5.5 Recent strategies and developments:
- 8.5.5.1 Partnerships, Collaborations, and Agreements:
- 8.5.5.2 Product Launches and Product Expansions:
- 8.5.5.3 Acquisition and Mergers:
- 8.5.6 SWOT Analysis
- 8.6 Schneider Electric SE
- 8.6.1 Company Overview
- 8.6.2 Financial Analysis
- 8.6.3 Segmental and Regional Analysis
- 8.6.4 Research & Development Expense
- 8.6.5 Recent strategies and developments:
- 8.6.5.1 Partnerships, Collaborations, and Agreements:
- 8.6.5.2 Product Launches and Product Expansions:
- 8.6.5.3 Acquisition and Mergers:
- 8.6.6 SWOT Analysis
- 8.7 Emerson Electric Co.
- 8.7.1 Company Overview
- 8.7.2 Financial Analysis
- 8.7.3 Segmental and Regional Analysis
- 8.7.4 Research & Development Expense
- 8.7.5 Recent strategies and developments:
- 8.7.5.1 Product Launches and Product Expansions:
- 8.7.5.2 Acquisition and Mergers:
- 8.7.6 SWOT Analysis
- 8.8 Rockwell Automation, Inc.
- 8.8.1 Company Overview
- 8.8.2 Financial Analysis
- 8.8.3 Segmental and Regional Analysis
- 8.8.4 Research & Development Expenses
- 8.8.5 SWOT Analysis
- 8.9 Eaton Corporation PLC
- 8.9.1 Company Overview
- 8.9.2 Financial Analysis
- 8.9.3 Segmental and Regional Analysis
- 8.9.4 Research & Development Expense
- 8.9.5 Recent strategies and developments:
- 8.9.5.1 Partnerships, Collaborations, and Agreements:
- 8.9.5.2 Product Launches and Product Expansions:
- 8.9.5.3 Acquisition and Mergers:
- 8.9.6 SWOT Analysis
- 8.10. mCloud Technologies Corp.
- 8.10.1 Company Overview
- 8.10.2 Financial Analysis
- 8.10.3 Regional Analysis
- 8.10.4 Research & Development Expenses
- 8.10.5 SWOT Analysis
LIST OF TABLES
- TABLE 1 Asia Pacific Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 2 Asia Pacific Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 3 Partnerships, Collaborations and Agreements- Building Energy Management Systems Market
- TABLE 4 Product Launches And Product Expansions- Building Energy Management Systems Market
- TABLE 5 Acquisition and Mergers- Building Energy Management Systems Market
- TABLE 6 Asia Pacific Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 7 Asia Pacific Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 8 Asia Pacific Software Market by Country, 2019 - 2022, USD Million
- TABLE 9 Asia Pacific Software Market by Country, 2023 - 2030, USD Million
- TABLE 10 Asia Pacific Hardware Market by Country, 2019 - 2022, USD Million
- TABLE 11 Asia Pacific Hardware Market by Country, 2023 - 2030, USD Million
- TABLE 12 Asia Pacific Service Market by Country, 2019 - 2022, USD Million
- TABLE 13 Asia Pacific Service Market by Country, 2023 - 2030, USD Million
- TABLE 14 Asia Pacific Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 15 Asia Pacific Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 16 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
- TABLE 17 Asia Pacific Residential Market by Country, 2023 - 2030, USD Million
- TABLE 18 Asia Pacific Commercial & Institutional Market by Country, 2019 - 2022, USD Million
- TABLE 19 Asia Pacific Commercial & Institutional Market by Country, 2023 - 2030, USD Million
- TABLE 20 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
- TABLE 21 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Million
- TABLE 22 Asia Pacific Building Energy Management Systems Market by Country, 2019 - 2022, USD Million
- TABLE 23 Asia Pacific Building Energy Management Systems Market by Country, 2023 - 2030, USD Million
- TABLE 24 China Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 25 China Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 26 China Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 27 China Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 28 China Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 29 China Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 30 Japan Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 31 Japan Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 32 Japan Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 33 Japan Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 34 Japan Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 35 Japan Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 36 India Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 37 India Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 38 India Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 39 India Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 40 India Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 41 India Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 42 South Korea Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 43 South Korea Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 44 South Korea Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 45 South Korea Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 46 South Korea Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 47 South Korea Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 48 Singapore Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 49 Singapore Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 50 Singapore Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 51 Singapore Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 52 Singapore Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 53 Singapore Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 54 Malaysia Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 55 Malaysia Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 56 Malaysia Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 57 Malaysia Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 58 Malaysia Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 59 Malaysia Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 60 Rest of Asia Pacific Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 61 Rest of Asia Pacific Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 62 Rest of Asia Pacific Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 63 Rest of Asia Pacific Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 64 Rest of Asia Pacific Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 65 Rest of Asia Pacific Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 66 Key Information - ABB Ltd.
- TABLE 67 Key Information - General Electric Company
- TABLE 68 Key Information - Honeywell International, Inc.
- TABLE 69 Key Information - Hitachi, Ltd.
- TABLE 70 Key Information - Siemens AG
- TABLE 71 Key Information - Schneider Electric SE
- TABLE 72 Key Information - Emerson Electric Co.
- TABLE 73 Key Information - Rockwell Automation, Inc.
- TABLE 74 Key Information - Eaton Corporation PLC
- TABLE 75 Key Information - mCloud Technologies Corp.
