United Kingdom Building Energy Management System Market (2024-2030) | Share, Revenue, Forecast, Analysis, Growth, Value, Size, Trends, Industry, Segmentation & Outlook

UK 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 Ireland. It has registered a growth of 22.65% over the previous year. While Ireland registered a growth of 17.48% as compared to the previous year. In the year 2017, China was the largest exporter followed by the USA. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the UK has a Herfindahl index of 1287 in 2017 which signifies high competitiveness also in 2021 it registered a Herfindahl index of  1593 which signifies moderately concentrated in the market.

UK Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in the United Kingdom Building Energy Management System Market

United Kingdom 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 United Kingdom Building Energy Management System Market

United Kingdom Building Energy Management System Market is witnessing tremendous growth in the country owing to increasing demand for cloud-based energy management systems by various sectors to optimize energy operations in buildings. The rising spending of businesses on energy management systems with increased awareness about the benefits of using BEMS which is serving as a great opportunity can widen the market landscape. Additionally, IoT sensors and cloud computing technologies enabled energy management systems are gaining traction in the country that enabling building owners to know real-time energy usage data and help determine areas that need to be improved in energy efficiency. This is estimated to be a leading opportunity to accelerate the energy management systems demand, as a result, increase the growth of the United Kingdom Building Energy Management System industry.

United Kingdom Building Energy Management System Market Highlights

Report Name	United Kingdom Building Energy Management System Market
Forecast period	2024-2030
CAGR	15.7%
Growing Sector	Commercial

Topics Covered in United Kingdom Building Energy Management System Market Report

The United Kingdom Building Energy Management System Market Report thoroughly covers the market by Components & Services, Technology, End Users and Applications. The United Kingdom Building Energy Management System Market Outlook report provides an unbiased and detailed analysis of the ongoing United Kingdom 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.

United Kingdom Building Energy Management System Market Synopsis

The United Kingdom Building Energy Management System Market is expanding at an astonishing rate owing to the growing focus towards energy efficiency and sustainability. In addition, the increasing awareness of financial advantages linked with energy-saving technologies are propelling the market growth. Major market players are heavily investing in advanced technologies to develop more effective and sophisticated products that can provide them competitive advantage. Moreover, development in IoT and smart technologies is augmenting this market growth. Overall, the United Kingdom Building Energy Management System Market offers significant growth and development opportunities.

According to 6Wresearch, the United Kingdom Building Energy Management System Market is anticipated to grow at a CAGR of 15.7% during 2024-2030. One of the key drivers of the United Kingdom Building Energy Management System Market is the growing focus on energy efficiency and sustainability across businesses leading to increased deployment of Building Energy Management System that help companies reduce overall carbon emissions and overhead costs. In addition, government policies and incentives for energy savings have driven demand for improved energy management solutions. Furthermore, developments in IoT and smart technologies are making Building Energy Management System more affordable and powerful as it offers the ability to manage energy usage in real-time. Moreover, growing awareness of the financial benefits achieved through energy-saving technologies is encouraging companies to adopt Building Energy Management System for improving operational efficiency and long-term cost savings.

However, the United Kingdom Building Energy Management System Market faces many challenges that hinder its growth. The main challenge is the high upfront cost of Building Energy Management System which could push away small businesses and budget conscious organizations. Another challenge is the integration of Building Energy Management System with existing building infrastructure, which could be complicated and time consuming. Furthermore, the market struggles with lack of professionals skilled enough to properly maintain these complex systems. Moreover, regulatory compliance and the changing of energy standards make it much harder to preserve performance levels over long periods without regular modifications.

United Kingdom Building Energy Management System Market: Leading Players

Key players of United Kingdom Building Energy Management System Market are Siemens AG, Honeywell International Inc., Schneider Electric SE, Johnson Controls International PLC, ABB Ltd. and Mitsubishi Electric Corporation. These companies have a major presence in the United Kingdom market and provide broad building energy management product portfolios, including software platforms, hardware devices, and related services.

United Kingdom Building Energy Management System Market: Government Initiatives

The United Kingdom government has significantly influenced the growth of the Building Energy Management System Market through strategic initiatives. One such initiative is the Green Homes Grant, which furnishes homeowners vouchers to better the energy efficiency of their dwellings. In addition, the Energy Company Obligation plan necessitates energy suppliers to deliver energy saving measures to families. Furthermore, the Smart Metering Implementation Programme intends to install smart meters in homes and small enterprises, outfitting them with real-time information on energy consumption. Moreover, the Renewable Heat Incentive (RHI) promotes the deployment of renewable heating systems through monetary motivations.

Future Insights of the Market

The United Kingdom Building Energy Management System Market is projected to expand substantially in the coming years. This growth is driven by the increasing emphasis towards energy conservation and sustainability. In addition, the rising acknowledgment of monetary benefits related to energy-efficient technologies is aiding in escalating market growth. Leading market players are pouring massive investments in cutting-edge technologies to roll out enhanced products, which will help them gain a competitive edge. Moreover, growth in IoT and smart technologies are also fuelling the market. Overall, the future of the United Kingdom Building Energy Management System Market looks promising, with many opportunities for growth and development.

Market Segmentation by Components & Services

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 growing need for sophisticated software platforms to enable real-time monitoring and control of building systems, provide deeper data analytics capabilities, as well integrate with other building systems.

Market Segmentation by Technology

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.

Market Segmentation by End Users

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 excessive energy usage in commercial facilities, including offices, retail spaces and hotels which make them an ideal candidate for deploying Building Energy Management System solutions.

Market Segmentation by Applications

In terms of Applications, the lighting segment is the leading segment in the industry and will continue to grow in the coming years. This growth is due to the high lighting energy usage in buildings, as well as the growing adoption of smart lights systems which can be controlled and optimised by Building Energy Management System (BEMS) solutions.

Key Attractiveness of the Report

• 10 Years Market Numbers.
• Historical Data Starting from 2020 to 2023
• Base Year: 2023
• Forecast Data until 2030.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

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

Markets Covered

The report offers a comprehensive study of the subsequent 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