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: ETC002131 | Publication Date: Apr 2020 | Updated Date: Aug 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Sudan Building Energy Management System Market |
Forecast period | 2024-2030 |
CAGR | 6.5% |
Growing Sector | Energy |
The Sudan Building Energy Management System Market report diversely covers the market by Components & Services, Technology, End Users and Applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Sudan Building Energy Management System Market is projected to witness significant growth in the forecast period. The growing manufacturing sector, rising industrialization and growing demand for the energy-efficient systems are driving growth in the market.
According to 6Wresearch, the Sudan Building Energy Management System Market is expected to grow at a CAGR of 6.5% during the forecast period. The growth in the market is fueled by various factors such as the rising industrialization, growing manufacturing sector and rising awareness about energy conservation. Moreover, the rising cost of energy and growing awareness about reducing carbon footprint are also contributing to the market growth. Additionally, advancements in technology leading to more efficient building energy management systems are also expected to boost market growth. Furthermore, the growing security concerns and growing construction projects coupled are also fueling the growth of the building energy management system market in Sudan.
Despite the growth in the market, the Sudan Building Energy Management System Market is facing certain challenges that can hinder its growth in the forecast period. The primary challenge is the high initial cost of implementing building energy management systems, this can hinder the demand from small and medium-sized enterprises. Additionally, inadequate infrastructure for installation and maintenance may also pose a challenge for the market. The lack of awareness and understanding about these systems among end-users can also pose a challenge for market growth.
The primary players in the market include Honeywell International Inc., Siemens AG, Schneider Electric SE, and Johnson Controls International plc. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Johnson Controls holds the largest share in the market.
The Sudanese government has implemented various regulations and policies to promote energy efficiency and encourage the use of building energy management systems. The Ministry of Energy and Mining launched the National Renewable Energy Policy which aims to increase the share of renewable energy in national electricity generation to 20% by 2025. This policy also includes incentives for buildings that implement energy-efficient systems. In addition, the Sudanese Standards and Metrology Organization (SSMO) has established standards for building energy management systems, providing guidelines for manufacturers, installers and users.
The Sudan Building Energy Management System Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years driven by factors such as increasing demand for energy-efficient systems, government regulations and incentives, and rising awareness about sustainability. The advancements in technology and the emergence of smart building solutions are also anticipated to boost market growth. Moreover, with increasing urbanization and development projects in Sudan, there will be a higher demand for energy management solutions to ensure sustainable and cost-effective operations of buildings. This presents further growth prospects for the market.
According to Dhaval, Research Manager, 6Wresearch, the hardware (Sensors, Controllers, Actuators) segment holds the dominant share in the market due to widespread application in various building systems.
The Wired technology segment holds the dominant share in the market because of its higher reliability and lower risk of interference compared to wireless systems.
The Industrial end-user segment holds the dominant share in the market due to growing investment coupled with the growing manufacturing and industrial sector in the country.
The Space Heating application segment holds the dominant share in the market due to the high demand for Building Energy Management Systems in heating buildings during the winter season.
The Sudan Building Energy Management System market report provides a detailed analysis of the following 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. Sudan Building Energy Management System Market Overview |
3.1 Sudan Building Energy Management System Market Revenues and Volume, 2020-2030F |
3.2 Sudan Building Energy Management System Market Revenue Share, By Components & Services, 2020 & 2030F |
3.3 Sudan Building Energy Management System Market Revenue Share, By Technology, 2020 & 2030F |
3.4 Sudan Building Energy Management System Market Revenue Share, By End Users, 2020 & 2030F |
3.5 Sudan Building Energy Management System Market Revenue Share, By Applications, 2020 & 2030F |
3.6 Sudan Building Energy Management System Market - Industry Life Cycle |
3.7 Sudan Building Energy Management System Market - Porter’s Five Forces |
4. Sudan Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Sudan Building Energy Management System Market Trends |
6. Sudan Building Energy Management System Market Overview, by Components & Services |
6.1 Sudan Hardware Building Energy Management System Market Revenues and Volume, 2020-2030F |
6.2 Sudan Software Building Energy Management System Market Revenues and Volume, 2020-2030F |
6.3 Sudan Services Building Energy Management System Market Revenues and Volume, 2020-2030F |
7. Sudan Building Energy Management System Market Overview, by Technology |
7.1 Sudan Building Energy Management System Market Revenue and Volumes, By Wired, 2020-2030F |
7.2 Sudan Building Energy Management System Market Revenue and Volumes, By Wireless, 2020-2030F |
8. Sudan Building Energy Management System Market Overview, by End User |
8.1 Sudan Building Energy Management System Market Revenue and Volumes, By Residential, 2020-2030F |
8.2 Sudan Building Energy Management System Market Revenue and Volumes, By Commercial, 2020-2030F |
8.3 Sudan Building Energy Management System Market Revenue and Volumes, By Industrial, 2020-2030F |
9. Sudan Building Energy Management System Market Overview, by Application |
9.1 Sudan Building Energy Management System Market Revenue and Volumes, By Space Heating, 2020-2030F |
9.2 Sudan Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2020-2030F |
9.3 Sudan Building Energy Management System Market Revenue and Volumes, By Lighting, 2020-2030F |
9.4 Sudan Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2020-2030F |
9.5 Sudan Building Energy Management System Market Revenue and Volumes, By Others, 2020-2030F |
10. Sudan Building Energy Management System Market Key Performance Indicators |
11. Sudan Building Energy Management System Market Opportunity Assessment |
11.1 Sudan Building Energy Management System Market Opportunity Assessment, By Components & Services, 2030F |
11.2 Sudan Building Energy Management System Market Opportunity Assessment, By Technology, 2030F |
11.3 Sudan Building Energy Management System Market Opportunity Assessment, By End-user, 2030F |
11.4 Sudan Building Energy Management System Market Opportunity Assessment, By Application, 2030F |
12. Sudan Building Energy Management System Market Competitive Landscape |
12.1 Sudan Building Energy Management System Market By Companies, 2023 |
12.2 Sudan Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |