Latin America Building Energy Management System Market (2019-2025) | Analysis, Size, Revenue, Trends, Growth, Forecast, Industry, Outlook, Value & Segmentation

Latest 2023 Developments of the Latin America Building Energy Management System Market

Latin America Building Energy Management System Market has seen the latest developments which include the introduction of technologically advanced wireless building energy management systems that enable reduced power consumption and longer life of batteries for remote sensors. These systems are connected to the building’s service plant and back to a central computer to allow control of on/off times for temperatures, lighting, humidity, etc. Modern building energy management software provides control functions, monitoring, and alarms, which allows the operator to enhance the building’s performance. Energy saving also reduces carbon emissions and helps building operators in conforming to associated regulations and sustainability goals. Some government initiatives in the market include Brazil’s COP21 UNFCC which plans to increase energy efficiency by 10% till 2030, and the Mexican government initiative, “Mexico National Public Lighting Program”, which is involved in the implementation of smart grid infrastructure to achieve energy efficiency in the region.

Mergers and Acquisitions:

• In October 2020, Emerson announced that it had completed the purchase of Open Systems International, Inc.
• On April 29, 2021, IBM announced a definitive agreement to acquire Turbonomic
• On July 5, 2021, CARMA Corp. announced the acquisition of Priority Submetering Solutions Inc.

Latin America Building Energy Management System Market Synopsis

Latin America Building Energy Management System market has registered high growth due to the growing awareness about energy-efficient products, increasing construction projects in the residential and commercial sectors, technological advancements and supportive government initiatives. Moreover, with the increase in the penetration of connected devices in the region BEMS system market is expected to register high growth over the forthcoming years.

According to 6Wresearch, Latin America Building Energy Management System Market is projected to grow during 2019-2025.  Brazil is the leading market for Building Energy Management Systems in the Latin America region owing to favourable government regulations. As per COP21 UNFCC, Brazil had committed to increase its energy efficiency by 10% by 2030 which would lead to a surge in demand for building management systems in the country. Mexico market is expected to register high growth over the next five years owing to the government investment in the development of energy efficient infrastructure in the country. The Mexican government initiatives such as the “Mexico National Public Lighting Program”, which is involved in the implementation of smart grid infrastructure to achieve energy efficiency would further propel the growth of the BEM systems market in the region.

The commercial and industrial sectors are switching towards energy management systems as it is crucial to control and reduce carbon emissions, which is another reason for the increased demand for BEMS in Latin America Market.

The Latin America building energy management system report thoroughly covers the market by components and services, technology, end-users, applications and countries including Brazil, Mexico, Argentina and the Rest of Latin America. The Building Energy Management System market outlook report provides an unbiased and detailed analysis of the ongoing Building Energy Management System market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Key Highlights of the Report:

• Latin America Building Energy Management System Market Overview
• Latin America Building Energy Management System Market Outlook
• Latin America Building Energy Management System Market Forecast
• Historical Data of Latin America Building Energy Management System Market Revenues for the Period 2015-2018
• Building Energy Management System Market Size and Forecast of Revenues, Until 2025
• Historical Data of Building Energy Management System Market Revenues, by Components and Services, for the Period 2015-2018
• Market Size & Forecast of Building Energy Management System Market Revenues, by Components and Services, until 2025
• Historical Data of Building Energy Management System Market Revenues, by Technology, for the Period 2015-2018
• Market Size & Forecast of Building Energy Management System Market Revenues, by Technology, until 2025
• Historical Data of Building Energy Management System Market Revenues, by End-User, for the Period 2015-2018
• Market Size & Forecast of Building Energy Management System Market Revenues, by End-User, until 2025
• Historical Data of Building Energy Management System Market Revenues, by Application, for the Period 2015-2018
• Market Size & Forecast of Building Energy Management System Market Revenues, by Application, until 2025
• Historical Data of Mexico Building Energy Management System Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Mexico Building Energy Management System Market Revenues, Until 2025
• Historical Data of Brazil Building Energy Management System Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Brazil Building Energy Management System Market Revenues, Until 2025
• Historical Data of Argentina Building Energy Management System Market Revenues, for the Period 2015-2018
• Market Size & Forecast of Argentina Building Energy Management System Market Revenues, Until 2025
• Market Drivers and Restraints
• Building Energy Management System Market Trends
• Market Opportunity Assessment
• Building Energy Management System Market Share, By Countries
• Building Energy Management System Market Share, By Players
• Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Building Energy Management System market report provides a detailed analysis of the following market segments:

• 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

By Countries:

• Mexico
• Brazil
• Argentina
• Rest of Latin America