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: ETC001805 | Publication Date: Mar 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
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.
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.
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.
Report Name | United Kingdom Building Energy Management System Market |
Forecast period | 2025-2031 |
CAGR | 15.7% |
Growing Sector | Commercial |
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.
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 2025-2031. 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.
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.
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.
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.
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.
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 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.
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.
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. United Kingdom Building Energy Management System Market Overview |
3.1 United Kingdom Building Energy Management System Market Revenues and Volume, 2021-2031F |
3.2 United Kingdom Building Energy Management System Market Revenue Share, By Components & Services, 2021 & 2031F |
3.3 United Kingdom Building Energy Management System Market Revenue Share, By Technology, 2021 & 2031F |
3.4 United Kingdom Building Energy Management System Market Revenue Share, By End Users, 2021 & 2031F |
3.5 United Kingdom Building Energy Management System Market Revenue Share, By Applications, 2021 & 2031F |
3.6 United Kingdom Building Energy Management System Market - Industry Life Cycle |
3.7 United Kingdom Building Energy Management System Market - Porter’s Five Forces |
4. the United Kingdom Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. the United Kingdom Building Energy Management System Market Trends |
6. the United Kingdom Building Energy Management System Market Overview, by Components & Services |
6.1 United Kingdom Hardware Building Energy Management System Market Revenues and Volume, 2021-2031F |
6.2 United Kingdom Software Building Energy Management System Market Revenues and Volume, 2021-2031F |
6.3 United Kingdom Services Building Energy Management System Market Revenues and Volume, 2021-2031F |
7. the United Kingdom Building Energy Management System Market Overview, by Technology |
7.1 United Kingdom Building Energy Management System Market Revenue and Volumes, By Wired, 2021-2031F |
7.2 United Kingdom Building Energy Management System Market Revenue and Volumes, By Wireless, 2021-2031F |
8. the United Kingdom Building Energy Management System Market Overview, by End User |
8.1 United Kingdom Building Energy Management System Market Revenue and Volumes, By Residential, 2021-2031F |
8.2 United Kingdom Building Energy Management System Market Revenue and Volumes, By Commercial, 2021-2031F |
8.3 United Kingdom Building Energy Management System Market Revenue and Volumes, By Industrial, 2021-2031F |
9. the United Kingdom Building Energy Management System Market Overview, by Application |
9.1 United Kingdom Building Energy Management System Market Revenue and Volumes, By Space Heating, 2021-2031F |
9.2 United Kingdom Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2021-2031F |
9.3 United Kingdom Building Energy Management System Market Revenue and Volumes, By Lighting, 2021-2031F |
9.4 United Kingdom Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2021-2031F |
9.5 United Kingdom Building Energy Management System Market Revenue and Volumes, By Others, 2021-2031F |
10. the United Kingdom Building Energy Management System Market Key Performance Indicators |
11. the United Kingdom Building Energy Management System Market Opportunity Assessment |
11.1 United Kingdom Building Energy Management System Market Opportunity Assessment, By Components & Services, 2031F |
11.2 United Kingdom Building Energy Management System Market Opportunity Assessment, By Technology, 2031F |
11.3 United Kingdom Building Energy Management System Market Opportunity Assessment, By End-user, 2031F |
11.4 United Kingdom Building Energy Management System Market Opportunity Assessment, By Application, 2031F |
12. the United Kingdom Building Energy Management System Market Competitive Landscape |
12.1 United Kingdom Building Energy Management System Market By Companies, 2023 |
12.2 United Kingdom Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |