Malaysia Building Energy Management System Market (2020-2026) | Trends, Outlook, Industry, Analysis, Size, Forecast, Growth, Share, Revenue, Value, Segmentation & COVID-19 IMPACT

Malaysia Building Energy Management Systems Market | Country-Wise Share and Competition Analysis

In the year 2021, China was the largest exporter in terms of value, followed by Japan. It has registered a growth of 34.38% over the previous year. While Japan registered a growth of 38.58% as compared to the previous year. In the year 2017, China was the largest exporter followed by Japan. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, Malaysia has the Herfindahl index of 2015 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1893 which signifies moderately concentrated in the market.

Malaysia Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in the Malaysia Building Energy Management System Market

Malaysia Building Energy Management System Market report thoroughly covers the market by components & services, by technology, by end users, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing 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.

Latest (2023) Development of the Malaysia Building Energy Management System Market

Malaysia Building Energy Management System Market continues to grow in the coming years owing to the rising awareness among end sectors about the benefits of using energy-efficient systems leading to boosting the demand for BEMS to manage energy consumption. Furthermore, an ongoing latest trend in the market, the integration of artificial intelligence and machine learning into energy management systems which enable users to know real-time data about energy consumption is estimated to bolster the Malaysia Building Energy Management System Market share in the upcoming years in the country. Additionally, smart buildings development has been gaining popularity where buildings are equipped with smart technologies such as the Internet of Things (IoT) and data analytics. These technologies help better to control energy usage through automation and are proven as a great opportunity for the market to grow exponentially in the coming years.

Malaysia Building Energy Management System Market Synopsis

Malaysia Building Energy Management System Market is driven by growing awareness regarding the energy-efficient system and growing infrastructure in the private sector. Increasing advanced technology and maintaining environmental regulations would further propel the growth of the building energy management system market in Malaysia. Moreover, reduction in energy consumption, rapid urbanization, and growing construction projects are the major aspects of increasing demand for the building energy management system market in Malaysia.

According to 6wresearch, the Malaysia Building Energy Management System Market size is expected to grow during 2020-2026. In terms of technology, the wireless segment is expected to dominate a major revenue share in the building energy management system market in Malaysia on account of upgrade technology, efficiency, flexibility, less maintenance, and easy installation. Additionally, the hardware segment is expected to lead the building energy management system market in Malaysia due to the high prices of the products.

COVID-19 Impact on the Malaysia Building Energy Management System Market

The COVID-19 pandemic had a significant impact on the Malaysia Building Energy Management System Market growth. With the closure of all industrial operations and cancellation of construction activities had reduced the demand for Energy Management Systems installation. The economic downfall had also one of the reasons that caused a major decline in the installation of BEMS which enable the businesses to spend on smart BEMSs. Post COIVD-19 market has been recovering and will continue to grow due to remote working leads to allow owners to remote monitoring of temperature control and indoor air quality monitoring by using mobiles.

Key Players in the Malaysia Building Energy Management System Market

Malaysia Energy Management System (BEMS) Market is highly competitive in the country with the presence of several well-renowned key players offering top-notch quality BEMS are included:

• Schneider Electric is an energy management and automation solutions provider throughout the world and has a wide presence in the country as well.
• Siemens AG has a well renowned in the country, who facilitates a comprehensive range of BEMS software for several applications such as heating, ventilation, and air conditioning (HVAC)
• Honeywell International Inc. is another significant player in the country offering a comprehensive range of automation technologies for efficient building operations.
• Johnson Controls Inc. is a prominent player in the country dealing in a wide range of energy management and automation products at competitive prices.

Market Analysis by Components & Service

Based on the Components & Service, both hardware and software services are together driving the market growth in the country which are driven by several ongoing factors such as technological advancements, market trends, and energy efficiency needs.

Market Analysis by Technology

According to Dhaval, Research Manager, 6Wresearch, it is difficult to say which technology is gaining momentum as both these technologies are being widely used in the country, followed by certain factors like building infrastructure & greater scalability, and cost factor.

Market Analysis by Applications

Based on applications, the rising use of each application is due to the widening of industries at a rapid pace, hence the BEMS integration into each of this application is also increasing to optimize energy consumption efficiently and effectively.

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2016 to 2019.
• Base Year: 2019.
• Forecast Data until 2026.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• Malaysia Building Energy Management System Market Overview
• Malaysia Building Energy Management System Market Outlook
• Malaysia Building Energy Management System Market Forecast
• Historical Data of Malaysia Building Energy Management System Market Revenues for the Period 2016-2026
• Malaysia Building Energy Management System Market Size and Forecast of Revenues, Until 2026
• Historical Data of Malaysia Building Energy Management System Market Revenues, by Components and Services, for the Period 2016-2026
• Market Size & Forecast of Malaysia Building Energy Management System Market Revenues, by Components and Services, until 2026
• Historical Data of Malaysia Building Energy Management System Market Revenues, by Technology, for the Period 2016-2026
• Market Size & Forecast of Malaysia Building Energy Management System Market Revenues, by Technology, until 2026
• Historical Data of Malaysia Building Energy Management System Market Revenues, by End-User, for the Period 2016-2026
• Market Size & Forecast of Malaysia Building Energy Management System Market Revenues, by End-User, until 2026
• Historical Data of Malaysia Building Energy Management System Market Revenues, by Application, for the Period 2016-2026
• Market Size & Forecast of Malaysia Building Energy Management System Market Revenues, by Application, until 2026
• Market Drivers and Restraints
• Malaysia Building Energy Management System Market Trends
• Market Opportunity Assessment
• Malaysia Building Energy Management System Market Share, By Players
• Malaysia Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Malaysia 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

Malaysia Building Energy Management System Market: FAQs