European HEMS and BEMS Market

Technological Advancements and Compliance with EU Directives Drive Double-Digit Growth

  • Research Code : MA76-01-00-00-00
  • SKU : EN00023-EU-MR_00751
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  • Release Date : 28-Aug-2014
  • Region : Europe
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Driven by technological advancements, cost reductions, and stringent EU regulations for improving energy efficiency in buildings, the HEMS and BEMS markets are collectively expected to cross $2 billion in revenue by 2018. Growing demand for an integrated solution for communication between sub systems or machine-to-machine interaction has made the major Tier I companies work on new business models to create an ideal environment for adopting EMS solutions by the end users. In particular, the emergence of cloud-based solutions and Big Data analytics, and their usage in HEMS and BEMS has transformed the traditional EMS into next-generation technology. The contribution of utilities, systems integrators, and telcos in providing end-to-end solutions has intensified competition in the market. Therefore, the entry of new and emerging distribution partners and solution providers has made end users reap the benefits of price competitiveness.

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