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The Building Energy Management Systems (BEMS) is an exciting market in North America that is poised for healthy growth for the next 5 years. BEMS is primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, and state incentives for buildings installed with energy management systems. The market will be characterized by increased connectivity, bringing deployment of the Internet of Things (IoT) solutions, data analytics, cloud solutions, and technology-enabled business model innovation. New entrants and emerging participants will change the market dynamics by adopting customer-centric business models. The building energy management systems (BEMS) market has witnessed a healthy growth rate in 2016 and has earned revenue of $822.8 million having grown by 5.1% from 2015. Frost & Sullivan has segmented the market based on solutions offered by participants such as hardware, software and services, and also based on end-user verticals such as industrial, office, retail, hospitality, healthcare, education, government, and utilities. We have also mapped the impact of key trends—such as IoT, data analytics, cloud, Big Data, new business models, remote services, open source platform, software embedded controllers, and edge analytics—on the BEMS market.The scope of the study covers hardware, software, and services associated with this market. Hardware includes controllers that control field-level devices, and gateways that interface with the management layer. Software includes dashboard applications and cloud-based optimization software. Services include software implementation and software maintenance and support. The study does not include field-level devices such as sensors and actuators. Johnson Controls, Honeywell, Siemens, and Schneider Electric are the leading companies offering BEMS in the North American region. Lucid, BuildingIQ, EcoEnergy, Switch Automation, Daikin, Optimum Energy, Ecova, GridPoint, FirstFuel, Daintree Networks, EnergyCAP, Energex, Flywheel, Wegowise, Kwantera are some of the emerging companies offering BEMS in the North American region. Frost & Sullivan has identified key growth opportunities, such as IoT-enabled building services, data analytics and cloud, secured open source platform, and customer-centric approach, for participants to explore and stay ahead in the competition.Key Questions This Study Will Answer • Is the market growing? How long will it continue to grow, and at what rate? • What are the emerging technologies that are impacting the growth of BEMS markets? • How dynamic is the market? Are the emerging participants stealing the market share from leading participants? • What are the different sales distribution channels present in the BEMS market? Are they likely to change in future?• What are the key data required by building managers and energy professionals to track sustainability progress in buildings?
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