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: Jun 2023 | 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.
The United Kingdom Building Energy Management System Market is driven by growing infrastructure projects and rapid urbanization. The key aspects of increasing the installation of the building energy management system in the United Kingdom are increasing electricity prices, reducing cost, increasing CO2 emission, and growing demand for power. Additionally, the government is aiming to propel the demand for the building energy management system market in the country by regulating strict policies in the construction industry.
According to 6wresearch, the United Kingdom Building Energy Management System Market is expected to grow during 2020-2026. In terms of technology, the wireless segment is anticipated to contribute a major share of the building energy management system market revenue in the country over the forecast period due to its intelligence and sensing capabilities. Moreover, the market in the United Kingdom is expected to register negative growth in the economy during the first quarter of 2020 owing to the coronavirus pandemic which has a worse impact on the business worldwide. However, the market in the United Kingdom is anticipated to recover economic growth in the second half of 2020-2026.
COVID-19 had an adverse impact on the United Kingdom Building Energy Management System Market. Various preventive measures including, social distancing, and trade restrictions led to cease in industrial operations including major disruption in construction activities. Also, the closure of the commercial sector and economic downfall led to affect the adoption of energy management systems.
Certain major players in the market operating and emerging at a rapid pace by investing heavily in product innovation and offering excellent quality automation solutions including, energy management systems:
According to Dhaval, Research Manager, 6wresearch, wired technology has its relevance in the market, while wireless technology is increasing the United Kingdom Building Energy Management System Market share driven by certain growth factors such as retrofitting existing buildings, accommodation of IoT integration, and provide remote accessibility which drives the wireless technology demand.
Based on applications, BEMS solutions use rely on building types, sizes, and specific energy management measures. Nonetheless, all applications are driving demand for BEMS including, space heating, controlling office equipment, improving lighting efficiency, and enhancing air conditioning to save energy costs and improve the environmental conditions.
The United Kingdom Building Energy Management System market report provides a detailed analysis of the following market segments:
By Components & Services
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, 2016-2026F |
3.2 United Kingdom Building Energy Management System Market Revenue Share, By Components & Services, 2019 & 2026F |
3.3 United Kingdom Building Energy Management System Market Revenue Share, By Technology, 2019 & 2026F |
3.4 United Kingdom Building Energy Management System Market Revenue Share, By End Users, 2019 & 2026F |
3.5 United Kingdom Building Energy Management System Market Revenue Share, By Applications, 2019 & 2026F |
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, 2016-2026F |
6.2 United Kingdom Software Building Energy Management System Market Revenues and Volume, 2016-2026F |
6.3 United Kingdom Services Building Energy Management System Market Revenues and Volume, 2016-2026F |
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, 2016-2026F |
7.2 United Kingdom Building Energy Management System Market Revenue and Volumes, By Wireless, 2016-2026F |
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, 2016-2026F |
8.2 United Kingdom Building Energy Management System Market Revenue and Volumes, By Commercial, 2016-2026F |
8.3 United Kingdom Building Energy Management System Market Revenue and Volumes, By Industrial, 2016-2026F |
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, 2016-2026F |
9.2 United Kingdom Building Energy Management System Market Revenue and Volumes, By Computer & Office Equipment, 2016-2026F |
9.3 United Kingdom Building Energy Management System Market Revenue and Volumes, By Lighting, 2016-2026F |
9.4 United Kingdom Building Energy Management System Market Revenue and Volumes, By Air Conditioner, 2016-2026F |
9.5 United Kingdom Building Energy Management System Market Revenue and Volumes, By Others, 2016-2026F |
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, 2026F |
11.2 United Kingdom Building Energy Management System Market Opportunity Assessment, By Technology, 2026F |
11.3 United Kingdom Building Energy Management System Market Opportunity Assessment, By End-user, 2026F |
11.4 United Kingdom Building Energy Management System Market Opportunity Assessment, By Application, 2026F |
12. the United Kingdom Building Energy Management System Market Competitive Landscape |
12.1 United Kingdom Building Energy Management System Market By Companies, 2019 |
12.2 United Kingdom Building Energy Management System Market Competitive Benchmarking, By Operating Parameters |
13. Company Profiles |
14. Key Strategic Recommendations |
15. Disclaimer |