Market Forecast By Components & Services (Hardware (Sensors, Controllers, Actuators & Others), Software, Services), By Technology (Wired, Wireless), By End Users (Residential, Commercial, Industrial), By Applications (Space Heating, Computers & Office Equipment, Lighting, Air Conditioners & Others) And Competitive Landscape
Product Code: ETC002076 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Germany Building Energy Management System Market |
Forecast period | 2025-2031 |
CAGR | 12.9% |
Growing Sector | Commercial |
The Germany Building Energy Management System Market Report thoroughly covers the market by Components & Services, Technology, End Users and Applications. The Germany Building Energy Management System Market Outlook report provides an unbiased and detailed analysis of the ongoing Germany Building Energy Management System Market trends, opportunities/high growth areas, and market drivers. This would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Germany Building Energy Management System Market is expanding at an astonishing rate owing to the growing environmental sustainability awareness. In addition, the increasing cost of energy is fuelling market growth. Players in the market are concentrating on developing novel products that cater to the changing preferences of consumers. Moreover, development in IoT and smart technologies is augmenting this market growth. Overall, the Germany Building Energy Management System Market offers significant growth and development opportunities.
According to 6Wresearch, the Germany Building Energy Management System Market is anticipated to grow at a CAGR of 12.9% during 2025-2031. One of the key drivers of the Germany Building Energy Management System Market is the rising energy cost which is forcing organizations to adopt new ways of managing and optimizing their building's energy consumption, making Building Energy Management System a highly attractive investment option. In addition, advances in IoT and smart tech are also easing the implementation of more complicated, user-friendly energy management systems. Furthermore, the growing recognition of sustainability among consumers and business is leading to an increased need for systems that measures energy utilization which can subsequently lead a reduction in power saving hence aiding environment sustainability. Moreover, strict government rules and regulations to limit carbon emissions and improve energy efficiency among businesses as well as home owners are driving the need for implementing advanced Building Energy Management System solutions.
However, the Germany Building Energy Management System Market faces many challenges that hinder its growth.
Key players of Germany Building Energy Management System Market are Siemens AG, Schneider Electric SE, Johnson Controls International PLC, and Honeywell International Inc. These companies have a major presence in the German market and provide broad building energy management product portfolios, including software platforms, hardware devices, and related services.
The German government has significantly influenced the growth of the Building Energy Management System Market through strategic initiatives. One such initiative is the "Energy Efficiency Strategy 2050," which sets an ambitious goal of slashing primary energy consumption by half by 2050. In addition, the extensive "KfW Energy Efficiency Program" generously offers financial incentives for building owners wishing to heavily invest in advanced, energy-efficient technologies inclusive of sophisticated Building Energy Management System solutions. Furthermore, the expansive "Climate Action Programme 2030" further ambitiously supports these efforts by vigorously promoting the employment of renewable energy sources alongside smart grid technologies. Moreover, the "Energy Efficiency in Buildings" directive mandates recurrent energy audits alongside the implementation of energy-saving measures in both residential and commercial properties.
The Germany Building Energy Management System Market is projected to expand substantially in the coming years. This growth is driven by the increased environmental sustainability awareness. In addition, rising energy costs are increasingly driving market growth. Market participants are focusing on launching new products that cater to the evolving tastes of consumers. Moreover, growth in IoT and smart technologies are also fuelling the market. Overall, the future of the Germany Building Energy Management System Market looks promising, with many opportunities for growth and development.
According to Ravi Bhandari, Research Head, 6Wresearch, the software segment is the dominant segment in the industry and will continue to grow in the coming years. This growth is due to the rising adoption on cloud-based energy management software which include features such as real time monitoring, analytics & optimization of usage of electricity inside buildings.
Based on Technology, the wireless technology segment is the leading segment in the industry and will continue to grow in the coming years. This can be attributed to the various benefits they offer, including growing flexibility, ease of installation and significantly lower costs than wired systems.
On the basis of End Users, the commercial segment is the leading segment in the industry and will continue to grow in the coming years. This expansion is due to the numerous large commercial buildings in use for office spaces and retail units or those dedicated to public facilities with a considerable share of energy demand.
In terms of Applications, the space heating segment is the leading segment in the industry and will continue to grow in the coming years. This growth is due to the great heating needs in Germany, especially during colder months where building energy consumption really rises.
The report offers a comprehensive study of the subsequent market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Germany Building Energy Management System Market Overview |
3.1 Germany Building Energy Management System Market Revenues and Volume, 2021-2031F |
3.2 Germany Building Energy Management System Market Revenue Share, By Components & Services, 2021 & 2031F |
3.3 Germany Building Energy Management System Market Revenue Share, By Technology, 2021 & 2031F |
3.4 Germany Building Energy Management System Market Revenue Share, By End Users, 2021 & 2031F |
3.5 Germany Building Energy Management System Market Revenue Share, By Applications, 2021 & 2031F |
3.6 Germany Building Energy Management System Market - Industry Life Cycle |
3.7 Germany Building Energy Management System Market - Porter’s Five Forces |
4. Germany Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Germany Building Energy Management System Market Trends |
6. Germany Building Energy Management System Market Overview, by Components & Services |
6.1 Germany Hardware Building Energy Management System Market Revenues and Volume, 2021-2031F |
6.2 Germany Software Building Energy Management System Market Revenues and Volume, 2021-2031F |
6.3 Germany Services Building Energy Management System Market Revenues and Volume, 2021-2031F |
7. Germany Building Energy Management System Market Overview, by Technology |
7.1 Germany Building Energy Management System Market Revenue and Volumes, By Wired, 2021-2031F |
7.2 Germany Building Energy Management System Market Revenue and Volumes, By Wireless, 2021-2031F |
8. Germany Building Energy Management System Market Overview, by End User |
8.1 Germany Building Energy Management System Market Revenue and Volumes, By Residential, 2021-2031F |
8.2 Germany Building Energy Management System Market Revenue and Volumes, By Commercial, 2021-2031F |
8.3 Germany Building Energy Management System Market Revenue and Volumes, By Industrial, 2021-2031F |
9. Germany Building Energy Management System Market Overview, by Application |
9.1 Germany Building Energy Management System Market Revenue and Volumes, By Space Heating, 2021-2031F |
9.2 Germany Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2021-2031F |
9.3 Germany Building Energy Management System Market Revenue and Volumes, By Lighting, 2021-2031F |
9.4 Germany Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2021-2031F |
9.5 Germany Building Energy Management System Market Revenue and Volumes, By Others, 2021-2031F |
10. Germany Building Energy Management System Market Key Performance Indicators |
11. Germany Building Energy Management System Market Opportunity Assessment |
11.1 Germany Building Energy Management System Market Opportunity Assessment, By Components & Services, 2031F |
11.2 Germany Building Energy Management System Market Opportunity Assessment, By Technology, 2031F |
11.3 Germany Building Energy Management System Market Opportunity Assessment, By End-user, 2031F |
11.4 Germany Building Energy Management System Market Opportunity Assessment, By Application, 2031F |
12. Germany Building Energy Management System Market Competitive Landscape |
12.1 Germany Building Energy Management System Market By Companies, 2024 |
12.2 Germany Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15 . Disclaimer |