PUBLISHER: KBV Research | PRODUCT CODE: 1432469
PUBLISHER: KBV Research | PRODUCT CODE: 1432469
LAMEA 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 Latin America, Middle East and Africa Building Energy Management Systems Market would witness market growth of 12.6% CAGR during the forecast period (2023-2030).
The integration of BEMS with IoT devices is a transformative trend. IoT sensors and devices provide real-time data on various aspects of building operations, enabling more granular control and optimization of energy consumption. Enhanced data granularity allows BEMS to make more informed decisions, optimize energy usage based on real-time conditions, and improve overall system efficiency. BEMS is increasingly incorporating advanced data analytics and AI algorithms. These technologies enable predictive analytics, anomaly detection, and continuous optimization by analyzing historical data and real-time inputs. Predictive analytics enhances the proactive capabilities of BEMS, allowing for the prediction of energy demands, equipment failures, and opportunities for optimization, thereby improving overall system performance.
Cloud-based BEMS solutions are gaining prominence, offering scalability, flexibility, and accessibility. These solutions eliminate the need for extensive on-premises infrastructure and provide remote access to BEMS data and controls. Cloud-based solutions democratize access to BEMS, making them more affordable and scalable for a broader range of businesses, including small and medium-sized enterprises. The trend toward modular and scalable BEMS solutions enables businesses to begin with basic features and expand as needed. This approach promotes flexibility, cost-effectiveness, and easier integration with existing building systems. Organizations can adopt BEMS at a pace that aligns with their budget and operational requirements, making it more accessible and feasible for diverse industries.
Saudi Arabia has launched ambitious smart city initiatives, such as NEOM and the Saudi Vision 2030. The deployment of IoT sensors is becoming widespread in Saudi Arabia. Buildings in Saudi Arabia are increasingly equipped with IoT-connected devices that contribute to energy efficiency. The deployment of smart meters, connected through IoT in Saudi Arabia, facilitates accurate and efficient energy metering in buildings. Solar and wind energy are among the renewable energy sources in which Saudi Arabia invests. IoT-powered smart lighting systems are becoming increasingly popular in Saudi Arabia. BEMS in Saudi Arabia are fortified with robust cybersecurity measures to ensure their integrity by preventing unauthorized access and potential cyber threats. Thus, due to these aspects, the market will expand across the LAMEA region in upcoming years.
The Brazil market dominated the LAMEA 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 $298.2 Million by 2029. The Argentina market is showcasing a CAGR of 13.8% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 12.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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.
LAMEA Building Energy Management Systems Market Report Segmentation
By Category
- Software
- Hardware
- Service
By End-User
- Residential
- Commercial & Institutional
- Industrial
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Building Energy Management Systems Market, by Category
- 1.4.2 LAMEA Building Energy Management Systems Market, by End-User
- 1.4.3 LAMEA 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. LAMEA Building Energy Management Systems Market by Category
- 5.1 LAMEA Software Market by Country
- 5.2 LAMEA Hardware Market by Country
- 5.3 LAMEA Service Market by Country
Chapter 6. LAMEA Building Energy Management Systems Market by End-User
- 6.1 LAMEA Residential Market by Country
- 6.2 LAMEA Commercial & Institutional Market by Country
- 6.3 LAMEA Industrial Market by Country
Chapter 7. LAMEA Building Energy Management Systems Market by Country
- 7.1 Brazil Building Energy Management Systems Market
- 7.1.1 Brazil Building Energy Management Systems Market by Category
- 7.1.2 Brazil Building Energy Management Systems Market by End-User
- 7.2 Argentina Building Energy Management Systems Market
- 7.2.1 Argentina Building Energy Management Systems Market by Category
- 7.2.2 Argentina Building Energy Management Systems Market by End-User
- 7.3 UAE Building Energy Management Systems Market
- 7.3.1 UAE Building Energy Management Systems Market by Category
- 7.3.2 UAE Building Energy Management Systems Market by End-User
- 7.4 Saudi Arabia Building Energy Management Systems Market
- 7.4.1 Saudi Arabia Building Energy Management Systems Market by Category
- 7.4.2 Saudi Arabia Building Energy Management Systems Market by End-User
- 7.5 South Africa Building Energy Management Systems Market
- 7.5.1 South Africa Building Energy Management Systems Market by Category
- 7.5.2 South Africa Building Energy Management Systems Market by End-User
- 7.6 Nigeria Building Energy Management Systems Market
- 7.6.1 Nigeria Building Energy Management Systems Market by Category
- 7.6.2 Nigeria Building Energy Management Systems Market by End-User
- 7.7 Rest of LAMEA Building Energy Management Systems Market
- 7.7.1 Rest of LAMEA Building Energy Management Systems Market by Category
- 7.7.2 Rest of LAMEA 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 LAMEA Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 2 LAMEA 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 LAMEA Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 7 LAMEA Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 8 LAMEA Software Market by Country, 2019 - 2022, USD Million
- TABLE 9 LAMEA Software Market by Country, 2023 - 2030, USD Million
- TABLE 10 LAMEA Hardware Market by Country, 2019 - 2022, USD Million
- TABLE 11 LAMEA Hardware Market by Country, 2023 - 2030, USD Million
- TABLE 12 LAMEA Service Market by Country, 2019 - 2022, USD Million
- TABLE 13 LAMEA Service Market by Country, 2023 - 2030, USD Million
- TABLE 14 LAMEA Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 15 LAMEA Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 16 LAMEA Residential Market by Country, 2019 - 2022, USD Million
- TABLE 17 LAMEA Residential Market by Country, 2023 - 2030, USD Million
- TABLE 18 LAMEA Commercial & Institutional Market by Country, 2019 - 2022, USD Million
- TABLE 19 LAMEA Commercial & Institutional Market by Country, 2023 - 2030, USD Million
- TABLE 20 LAMEA Industrial Market by Country, 2019 - 2022, USD Million
- TABLE 21 LAMEA Industrial Market by Country, 2023 - 2030, USD Million
- TABLE 22 LAMEA Building Energy Management Systems Market by Country, 2019 - 2022, USD Million
- TABLE 23 LAMEA Building Energy Management Systems Market by Country, 2023 - 2030, USD Million
- TABLE 24 Brazil Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 25 Brazil Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 26 Brazil Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 27 Brazil Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 28 Brazil Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 29 Brazil Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 30 Argentina Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 31 Argentina Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 32 Argentina Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 33 Argentina Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 34 Argentina Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 35 Argentina Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 36 UAE Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 37 UAE Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 38 UAE Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 39 UAE Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 40 UAE Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 41 UAE Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 42 Saudi Arabia Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 43 Saudi Arabia Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 44 Saudi Arabia Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 45 Saudi Arabia Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 46 Saudi Arabia Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 47 Saudi Arabia Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 48 South Africa Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 49 South Africa Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 50 South Africa Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 51 South Africa Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 52 South Africa Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 53 South Africa Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 54 Nigeria Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 55 Nigeria Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 56 Nigeria Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 57 Nigeria Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 58 Nigeria Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 59 Nigeria Building Energy Management Systems Market by End-User, 2023 - 2030, USD Million
- TABLE 60 Rest of LAMEA Building Energy Management Systems Market, 2019 - 2022, USD Million
- TABLE 61 Rest of LAMEA Building Energy Management Systems Market, 2023 - 2030, USD Million
- TABLE 62 Rest of LAMEA Building Energy Management Systems Market by Category, 2019 - 2022, USD Million
- TABLE 63 Rest of LAMEA Building Energy Management Systems Market by Category, 2023 - 2030, USD Million
- TABLE 64 Rest of LAMEA Building Energy Management Systems Market by End-User, 2019 - 2022, USD Million
- TABLE 65 Rest of LAMEA 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.
