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

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

In the year 2021, Thailand was the largest exporter in terms of value, followed by Singapore. It has registered a growth of 13.57% over the previous year. While Singapore registered a growth of 17.92% as compared to the previous year. In the year 2017, Japan was the largest exporter followed by Thailand. In terms of the Herfindahl Index, which measures the competitiveness of countries exporting, the Philippines has a Herfindahl index of 2000 in 2017 which signifies moderately concentrated also in 2021 it registered a Herfindahl index of  1525 which signifies moderately concentrated in the market.

Philippines Building Energy Management Systems Market - Export Market Opportunities

Topics Covered in the Philippines Building Energy Management System Market

The Philippines 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 Philippines Building Energy Management System Market

The Philippines Building Energy Management System Market is estimated to grow substantially in the market underpinned by some ongoing opportunities such as the rising promotion of sustainable energy practices with the purpose to reduce carbon emissions and rising awareness about the energy efficient systems use to optimize energy consumption. Furthermore, The Department of Energy (DOE) launched its "Building Code Development Program" which consists the provisions for implementing BEMS systems that further automatically optimize & control heating, air conditioning, lighting, and other building functions is a great opportunity for the market to grow exponentially in the coming years.

Philippines Building Energy Management System Market Synopsis

The Philippines Building Energy Management System Market has registered substantial growth on account of growing urbanization and growing infrastructural projects. The key aspects increasing the demand for the building energy management system market in the Philippines are the rising demand for power, increasing electricity prices, and reducing the cost of conserving energy. Moreover, the growing constructional activities and the growing need for energy for effective utilization are boosting the growth of the building energy management system market in the country.

According to 6wresearch, the Philippines Building Energy Management System Market size is estimated to grow in the upcoming years 2020-2026. The market has been growing at a considerable rate underpinned by the rising adoption of BEMS by building owners in commercial and industrial sectors with rising awareness about their benefits like remote monitoring options, energy efficiency, real-time monitoring features, and reduced GHG levels. Additionally, rising government initiatives towards smart cities lead to driving the need for BEMS installations to reduce energy consumption at a wide scale this is projected to propel the growth of the Building Energy Management System Market in the Philippines. Also, an increase in the expansion of the commercial sector including, healthcare facilities, shopping malls, offices, and retail outlets has surged the need for BEMS to optimize energy usage leading to a reduction in energy cost, this factor will create a growth avenue for the market.

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

The COVID-19 pandemic had a significant impact on the Philippines Building Energy Management System industry underpinned by the imposition of several preventive & strict measures such as social distancing measures and travel restrictions led to cease the of construction activities and simultaneously reduced the adoption of BEMS. Also, economic downfall had restricted the population to spend on purchasing premium technologies including, BEMS. Overall. The Pandemic affected the market growth.

Key Players in the Philippines Building Energy Management System Market

Several top key players in the country have gained popularity are mentioned below:

• Honeywell International Inc
• Siemens AG
• Schneider Electric SE
• Johnson Controls International plc
• Trane Technologies plc
• Yokogawa Electric Corporation
• Delta Electronics, Inc

Market Analysis by Components & Service

Based on the Components & Service, both hardware and software services are interconnected and are estimated to increase the Philippines Building Energy Management System Market share in the country influenced by certain factors such as technological advancements, and market trends.

Market Analysis by End Users

According to Dhaval, Research Manager, 6Wresearch, the commercial sector consisting of office buildings, hotels, and airports, is experiencing a huge BEMS demand to save energy costs and followed by strict government regulations to use energy efficient systems for optimizing energy usage.

Market Analysis by Applications

Based on applications, all applications are witnessing prominent growth driven by various factors such as government regulations, energy cost concerns and the rising awareness about the advantages of energy management.

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:

• Philippines Building Energy Management System Market Overview
• Philippines Building Energy Management System Market Outlook
• Philippines Building Energy Management System Market Forecast
• Historical Data of Philippines Building Energy Management System Market Revenues for the Period 2016-2019
• Philippines Building Energy Management System Market Size and Forecast of Revenues, Until 2026
• Historical Data of Philippines Building Energy Management System Market Revenues, by Components and Services, for the Period 2016-2019
• Market Size & Forecast of Philippines Building Energy Management System Market Revenues, by Components and Services, until 2026
• Historical Data of Philippines Building Energy Management System Market Revenues, by Technology, for the Period 2016-2019
• Market Size & Forecast of Philippines Building Energy Management System Market Revenues, by Technology, until 2026
• Historical Data of Philippines Building Energy Management System Market Revenues, by End-User, for the Period 2016-2019
• Market Size & Forecast of Philippines Building Energy Management System Market Revenues, by End-User, until 2026
• Historical Data of Philippines Building Energy Management System Market Revenues, by Application, for the Period 2016-2019
• Market Size & Forecast of Philippines Building Energy Management System Market Revenues, by Application, until 2026
• Market Drivers and Restraints
• Philippines Building Energy Management System Market Trends
• Market Opportunity Assessment
• Philippines Building Energy Management System Market Share, By Players
• Philippines Building Energy Management System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Philippines 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

Philippines Building Energy Management System Market: FAQs