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: ETC002109 | Publication Date: Apr 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Canada Building Energy Management System Market |
Forecast period | 2025-2031 |
CAGR | 11.53% |
Growing Sector | Energy Management Sector |
The Canada Building Energy Management System Market Report thoroughly covers the market by Components & Services, Technology, End Users and Applications. The Canada Building Energy Management System Market Outlook report provides an unbiased and detailed analysis of the ongoing Canada 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 Canada Building Energy Management System Market is expected to witness significant growth. This growth is propelled by the integration of hardware components and software systems for energy efficiency in buildings. The increasing demand for energy saving solutions in various sectors is also driving the market growth.
According to 6Wresearch, the Canada Building Energy Management System Market size is projected to grow at a CAGR of 11.53% during 2025-2031. The growing need for energy-efficient buildings, increase in energy costs, the spike in demand for sustainable energy solutions, and the need to understand and manage energy consumption in buildings are major factors that are driving the market growth. The focus on enhancing energy efficiency, delivering cost-effective services, and engaging with customers across digital platforms is a significant driver of energy management systems.
Despite the growing need for Building Energy Management Systems in Canada, the market faces several challenges such as existing building infrastructure pose a significant challenge when integrating new energy management technologies, as outdated systems may not easily integrate with modern solutions. Ensuring seamless connectivity and data interoperability between existing systems and new energy management platforms is crucial for a successful transition.
The Canada Building Energy Management System Market is experiencing significant growth, with key players like Honeywell International Inc., Johnson Controls Inc., Siemens AG, and others. These industry leaders are recognized for their technologically advanced and robust energy management solutions. They focus on innovative designs and customer-centric strategies to strengthen their market positions.
Governments support green building initiatives that leverage energy management technologies to enhance energy efficiency, reduce energy costs, and promote sustainable practices. Policies promoting green building projects drive innovation, sustainability, and quality of life improvements through data-driven decision-making and IoT connectivity in building environments. Government funding, grants, and incentives support innovation, research, and technology development in key energy management areas such as AI, IoT, machine learning, and cloud computing. Policies promoting R&D tax credits, startup incubators, industry-academia partnerships, and innovation clusters stimulate technology innovation, entrepreneurship, and economic growth in the energy sector.
The Building Energy Management System Market in Canada is expected to witness substantial growth, with forecasts indicating a significant increase in market size and adoption rates. Projections suggest that the market share of energy management systems is set to grow, reflecting robust expansion and investment in energy-efficient technologies. As the market expands, there will be a continued focus on technological innovation and adoption of emerging technologies such as AI, IoT, machine learning, and data analytics. Companies in Canada will leverage these technologies to drive energy efficiency initiatives, reduce energy costs, and deliver improved services to customers.
According to Dhaval, Research Manager, 6Wresearch, the "Hardware" segment is witnessing rapid growth due to the increasing adoption of IoT devices and sensors that monitor and control energy usage.
The "Wireless" technology segment is a major contributor to the market, driven by their reliability, stability, robustness, and secure data transmission capabilities, making them preferred for critical applications, large-scale buildings, and systems where uninterrupted connectivity and real-time monitoring are essential in Canada.
The "Commercial" buildings segment is experiencing growth due to the focus on sustainability and energy efficiency in commercial properties.
The "computers and office" equipment is growing in Canada workplaces to monitor power consumption, manage energy usage of IT devices, implement power-saving settings, schedule shutdowns, and optimize energy efficiency practices in office environments to reduce electricity consumption and promote sustainable office operations.
The 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. Canada Building Energy Management System Market Overview |
3.1 Canada Building Energy Management System Market Revenues and Volume, 2021-2031F |
3.2 Canada Building Energy Management System Market Revenue Share, By Components & Services, 2021 & 2031F |
3.3 Canada Building Energy Management System Market Revenue Share, By Technology, 2021 & 2031F |
3.4 Canada Building Energy Management System Market Revenue Share, By End Users, 2021 & 2031F |
3.5 Canada Building Energy Management System Market Revenue Share, By Applications, 2021 & 2031F |
3.6 Canada Building Energy Management System Market - Industry Life Cycle |
3.7 Canada Building Energy Management System Market - Porter’s Five Forces |
4. Canada Building Energy Management System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Canada Building Energy Management System Market Trends |
6. Canada Building Energy Management System Market Overview, by Components & Services |
6.1 Canada Hardware Building Energy Management System Market Revenues and Volume, 2021-2031F |
6.2 Canada Software Building Energy Management System Market Revenues and Volume, 2021-2031F |
6.3 Canada Services Building Energy Management System Market Revenues and Volume, 2021-2031F |
7. Canada Building Energy Management System Market Overview, by Technology |
7.1 Canada Building Energy Management System Market Revenue and Volumes, By Wired, 2021-2031F |
7.2 Canada Building Energy Management System Market Revenue and Volumes, By Wireless, 2021-2031F |
8. Canada Building Energy Management System Market Overview, by End User |
8.1 Canada Building Energy Management System Market Revenue and Volumes, By Residential, 2021-2031F |
8.2 Canada Building Energy Management System Market Revenue and Volumes, By Commercial, 2021-2031F |
8.3 Canada Building Energy Management System Market Revenue and Volumes, By Industrial, 2021-2031F |
9. Canada Building Energy Management System Market Overview, by Application |
9.1 Canada Building Energy Management System Market Revenue and Volumes, By Space Heating, 2021-2031F |
9.2 Canada Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2021-2031F |
9.3 Canada Building Energy Management System Market Revenue and Volumes, By Lighting, 2021-2031F |
9.4 Canada Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2021-2031F |
9.5 Canada Building Energy Management System Market Revenue and Volumes, By Others, 2021-2031F |
10. Canada Building Energy Management System Market Key Performance Indicators |
11. Canada Building Energy Management System Market Opportunity Assessment |
11.1 Canada Building Energy Management System Market Opportunity Assessment, By Components & Services, 2031F |
11.2 Canada Building Energy Management System Market Opportunity Assessment, By Technology, 2031F |
11.3 Canada Building Energy Management System Market Opportunity Assessment, By End-user, 2031F |
11.4 Canada Building Energy Management System Market Opportunity Assessment, By Application, 2031F |
12. Canada Building Energy Management System Market Competitive Landscape |
12.1 Canada Building Energy Management System Market By Companies, 2024 |
12.2 Canada Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |