Building Energy Management System Market to Grow 8.9% Annually to 2020 Reveals Reportbuyer.com
Building Energy Management Systems driven by Asia-Pacific and East European market growth
(PRWEB UK) 16 January 2013
Building Energy Management System (BEMS) is emerging as an important tool to minimise energy consumed by buildings. The BEMS is a system that can help building operators to monitor and control building systems.
The global market for BEMS will continue to grow at a gradual pace though it will show signs of slow growth in North America and Europe during later half of 2011-2020. The global building energy management system market will grow at a CAGR of 8.9% during the period 2011-2020 driven mostly by the emergence of Asia-Pacific markets and East European markets.
The markets in Europe and North America will be driven mostly by the regional targets for energy efficiencies and reduction in cost of energy consumption. Asia-Pacific region lacks any specific reason for growth except the rising need to be more energy efficient but it will be quite some time before the level of awareness about energy efficiency among building operators and owners in this region matches with those in the Western nations.
"Building Energy Management System (BEMS) - Global Market Size, Market Share and Competitive Landscape Analysis to 2020" provides in-depth analysis of Building Energy Management Systems (BEMS) market at global as well as at country level.
For the original version on PRWeb visit: http://www.prweb.com/releases/prweb2013/1/prweb10325896.htm