European Building Energy Management Systems Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | 5.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
European Building Energy Management Systems Market Analysis
The European building energy management systems (BEMS) market is expected to witness a CAGR of more than 5.5% during the forecast period. The COVID-19 impact on the market was diverse in different parts of the continent. In some countries, the energy consumption was not affected much, as in Germany, where the industrial and commercial activity continued to remain the same even during the first wave. On the other hand, in the countries, like Italy and Spain, the industries were severely affected. Thus, the energy consumption was less. Thus, the European BEMS market had a mixed response during the COVID-19 pandemic. The two main factors that are largely responsible for the growth of the market are the advanced versions of these systems, which provide additional data such as utility billing, weather data, etc., and real estate smart development in many European countries. However, high costs and fewer incentives for the BEMS technology are expected to hinder the market growth.
- The residential segment is expected to dominate the market due to the high consumption of energy during extremely cold winters.
- The net-zero carbon emissions and energy efficiency targets in many European countries are the biggest opportunities for the BEMS market. For example, the European Commission has set a new proposal for Energy Efficiency Directive (EED) targets during the Informal Energy Council meeting held in 2021. The target was planned to be 39% as EED for final energy consumption by 2030, which is currently set at 32.5%.
- The United Kingdom is likely to be at the forefront in the BEMS market during the forecast period due to the various energy efficiency plans set by the country.
European Building Energy Management Systems Market Trends
This section covers the major market trends shaping the European Building Energy Management Systems Market according to our research experts:
The Residential Sector Expected to Drive the Market
- The high energy consumption, particularly due to heating devices, lighting, and other electrical and mechanical devices, has made the sector highly conscious of energy savings. Specifically, during winters, when everything from pins to cars becomes so expensive, the homeowners look for strategies like BEMS devices which help them to reduce energy costs by monitoring the consumption trends.
- In Germany, the cumulative electricity demand reduced in 2020, from around 548 TWh in 2019 to 535TWh in 2020, but the household sector forms a considerable share of 26% in the consumption portfolio. The growing awareness about the technology in the residential market has made the companies introduce new products in the BEMS division to comply with end users' demands.
- In January 2021, Schneider Electric, the global leader in digital technologies, launched the next-generation residential electrical panel for the European market (the Wiser Energy Center) at the CES event. The innovative product has the capability to monitor all the energy needs of the connected electrical devices, making a sustainable smart home for the owners.
- In August 2021, the smart solutions provider Planet Idea and Italian Energy Systems Research institute RSE planned to launch a project to determine the potential of connected home appliances to provide flexibility to the grid.
- Thus, such kinds of developments are expected to drive the market in the European region.
The UK Expected to Drive the Market
- In 2021, the energy savings among British families were recorded as 33%. Not only the residential sector but the industrial sector also adopted numerous measures to make the systems energy-efficient and reduce their operational costs.
- The other major driver for the BEMS market of the United Kingdom is the construction industry, which has been growing at the fastest rate in the country in the last 24 years.
- The Government of the United Kingdom passed many legislations to conserve energy and reach the goal of net-zero carbon in the country. In August 2020, the Council of Science and Technology recommended a systems approach for achieving net-zero carbon emissions by 2050. The approach exclusively highlights technology improvements in the energy sector to make an informed decision by data analysis and effective reporting structure.
- In 2020, the British government had set a plan for the "Green Industrial Revolution", which focused on net-zero decarbonization goals to be achieved by 2050, policies to reduce emissions in each sector, and cross-cutting actions to support the transition. The initiative will lead to more vigilance on energy consumption in each sector.
- Furthermore, the country has energy conservation schemes for buildings and houses. Green deal is one the prominent one, that helps to make energy-saving for homes by uses of renewable energies like solar. In September 2021, around 1100 installations were done in the United Kingdom.
- Owing to such developments, it is predicted that the United Kingdom is expected to dominate the market during the forecast period.
European Building Energy Management Systems Industry Overview
The European building energy management systems market is moderately consolidated. Some of the key players in this market include Siemens AG, Honeywell International Inc., Schneider Electric SE, ABB Ltd, and Johnson Controls International PLC.
European Building Energy Management Systems Market Leaders
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Siemens AG
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Honeywell International Inc.
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Schneider Electric SE
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ABB Ltd.
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Johnson Controls International Plc.
*Disclaimer: Major Players sorted in no particular order
European Building Energy Management Systems Market News
- In November 2021, Lyon Confluence, the France-based public company, announced that it had started the urban redevelopment project in the city of Lyon, France. The project also includes the green and energy efficiency objectives of the buildings that are to be renovated. The devices and systems used for the data collection from the smart buildings include smart meters, building energy management systems, heat meters, and energy production systems.
- In June 2021, Geonordo Environmental Technologies officially launched the "Collecteif" project, which includes the implementation of energy management systems for smart buildings in four European countries, France, Italy, Norway, and Cyprus. It will be conducted for four years by the Norwegian University of Science and Technology (NTNU), innovative SMEs, academic institutions, building owners, and energy providers.
European Building Energy Management Systems Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Scope of the Study
- 1.2 Market Definition
- 1.3 Study Assumptions
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
- 4.1 Introduction
- 4.2 Market Size and Demand Forecast in USD million, till 2027
- 4.3 Recent Trends and Developments
- 4.4 Government Policies and Regulations
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4.5 Market Dynamics
- 4.5.1 Drivers
- 4.5.2 Restraints
- 4.6 Supply Chain Analysis
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4.7 Porter's Five Forces Analysis
- 4.7.1 Threat of New Entrants
- 4.7.2 Bargaining Power of Consumers
- 4.7.3 Bargaining Power of Suppliers
- 4.7.4 Threat of Substitute Products/Services
- 4.7.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Type
- 5.1.1 Software
- 5.1.2 Hardware
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5.2 Deployment
- 5.2.1 Residential
- 5.2.2 Commercial
- 5.2.3 Industrial
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5.3 Geography
- 5.3.1 Germany
- 5.3.2 Italy
- 5.3.3 United Kingdom
- 5.3.4 France
- 5.3.5 Rest of Europe
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Strategies Adopted by Leading Players
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6.3 Company Profiles
- 6.3.1 Siemens AG
- 6.3.2 Honeywell International Inc.
- 6.3.3 Schneider Electric SE
- 6.3.4 ABB Ltd
- 6.3.5 Johnson Controls International PLC
- 6.3.6 Rockwell Automation
- 6.3.7 IBM Common Stock
- 6.3.8 Cyclon Energy Group
- 6.3.9 Veolia Environment SA
- 6.3.10 EnerNOC Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityEuropean Building Energy Management Systems Industry Segmentation
The European building energy management systems market report includes:
| Type | Software |
| Hardware | |
| Deployment | Residential |
| Commercial | |
| Industrial | |
| Geography | Germany |
| Italy | |
| United Kingdom | |
| France | |
| Rest of Europe |
European Building Energy Management Systems Market Research FAQs
What is the current European Building Energy Management Systems Market size?
The European Building Energy Management Systems Market is projected to register a CAGR of greater than 5.5% during the forecast period (2024-2029)
Who are the key players in European Building Energy Management Systems Market?
Siemens AG, Honeywell International Inc., Schneider Electric SE, ABB Ltd. and Johnson Controls International Plc. are the major companies operating in the European Building Energy Management Systems Market.
What years does this European Building Energy Management Systems Market cover?
The report covers the European Building Energy Management Systems Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the European Building Energy Management Systems Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
European Building Energy Management Systems Industry Report
Statistics for the 2024 European Building Energy Management Systems market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. European Building Energy Management Systems analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
