Building Energy Management Systems (BEMS) are hardware-software systems installed in buildings that monitor and control the energy needs of a building to ensure efficient and economical energy utilization. These systems monitor a buildings energy consumption by electrical and mechanical equipment such as heaters, ventilators, air conditioners, and lighting to increase energy efficiency, and reduce energy costs. At present, building systems are integrated for better synchronization and monitoring of data on energy usage and better optimization. The next generation of BEMS are collaborating directly with utility enterprises so that the building owners are aware of when power rates and demand are lowest, allowing proper scheduling of high power use activities to help lower their costs. Energy efficiency, energy price volatility, and government policies and incentive programs majorly drive the growth of this market. Factors such as high investment, and longer payback period are some of the challenges confronted with regards to installation and implementation of BEMS in various type of buildings.
This market research analysis identifies the increasing need to optimize energy consumption as one of the primary factors that will have a positive impact on the growth of the energy management services market in the next few years. Owing to various infrastructure development activities, the Middle East is witnessing a rapid increase in energy consumption. It has been observed that energy consumption in the Middle East was about 770 million tons of oil equivalent (MTOE) during 2015 and is expected to witness a growth rate of over 4% year-over-year during the forecast period. This will induce governments and enterprises in this region to optimize their energy usage. Moreover, the depleting oil resources will compel businesses to invest in alternate energy sources such as solar, wind, and bioenergy, which, in turn, will propel the need for energy management services.

Market Analysis and Insights: Global Building Energy Management Services Market
The global Building Energy Management Services market size is projected to reach US$ XX million by 2027, from US$ XX million in 2020, at a CAGR of XX% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Building Energy Management Services market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Building Energy Management Services market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Building Energy Management Services market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Building Energy Management Services market.

Global Building Energy Management Services Scope and Market Size
Building Energy Management Services market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Building Energy Management Services market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Consulting
System Integration
Maintenance and Support

Segment by Application
Commercial Buildings
Residential Buildings
Education
Healthcare

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

By Company
Emrill Services LLC
EMS
Enova
Etisalat Facilities Management LLC
Farnek Middle East LLC
Saudi Oger
Trane
Musanadah
Cylon