US Smart Building Market, By Building Energy Management System, 2018-2030 (USD Million)

Year ENERGY MANAGEMENT SYSTEM HVAC CONTROL SYSTEM LIGHTING CONTROL SYSTEM RENEWABLE ENERGY SYSTEM CO2 EMISSION MONITORING SYSTEM OTHERS
2018 $ 1807.7 $ 1406.8 $ 1233.8 $ 719.7 $ 538.0 $ 799.5
2019 $ 2078.3 $ 1609.8 $ 1404.3 $ 837.0 $ 620.7 $ 920.2
2020 $ 1866.5 $ 1439.2 $ 1248.9 $ 760.5 $ 559.5 $ 827.4
2021 $ 2395.1 $ 1747.6 $ 1516.8 $ 910.3 $ 663.0 $ 1016.6
2022 $ 2939.9 $ 2135.6 $ 1843.7 $ 1130.5 $ 816.8 $ 1249.5
2023 $ 3402.8 $ 2461.2 $ 2113.6 $ 1324.1 $ 949.0 $ 1448.3
2024 $ 4114.7 $ 2963.6 $ 2531.6 $ 1620.4 $ 1152.1 $ 1753.9
2025 $ 4753.5 $ 3409.8 $ 2897.4 $ 1894.8 $ 1336.4 $ 2029.6
2026 $ 5736.5 $ 4098.7 $ 3464.3 $ 2314.7 $ 1619.6 $ 2453.7
2027 $ 6613.1 $ 4707.1 $ 3957.5 $ 2701.6 $ 1875.2 $ 2834.1
2028 $ 7962.7 $ 5647.0 $ 4722.5 $ 3293.8 $ 2268.0 $ 3419.5
2029 $ 9157.9 $ 6471.5 $ 5383.5 $ 3836.3 $ 2620.4 $ 3941.3
2030 $ 10999.3 $ 7746.2 $ 6409.8 $ 4666.8 $ 3162.2 $ 4744.8
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US Smart Building Market, By Building Energy Management System, 2018-2030 (USD Million)

Synopsis
The above chart is US Smart Building Market, By Building Energy Management System, 2018-2030 (USD Million)

Market Dynamics

the us smart building market is experiencing a significant demand for building energy management systems (bems). bems is a centralized control system that allows building owners and managers to monitor and control various energy-consuming systems such as lighting, hvac, and ventilation. this system helps in optimizing energy usage, reducing energy waste, and enhancing cost savings. one of the major drivers for the demand of bems in the us smart building market is the increasing focus on energy efficiency and sustainability. with rising concerns about climate change and the depletion of natural resources, there has been a growing emphasis on reducing energy consumption in buildings. bems offers a solution to this problem by providing real-time data and analytics on energy usage and allowing for remote control and automation of energy-consuming systems. the implementation of bems also helps in achieving regulatory compliance. the us government has enacted various laws and regulations, such as the energy policy act of 2005 and the energy independence and security act of 2007, to promote energy efficiency in buildings and reduce carbon emissions. bems assists building owners in meeting these requirements by providing energy consumption reports and allowing for the implementation of energy-saving measures. another factor contributing to the demand for bems in the us smart building market is the increasing adoption of smart and connected technologies. bems can be integrated with other smart building technologies, such as occupancy sensors and smart thermostats, to create a more intelligent and efficient building environment. this integration not only helps in optimizing energy usage but also improves the overall building performance. moreover, the rise of the internet of things (iot) has further boosted the demand for bems. the increasing number of connected devices and sensors in buildings allows for the collection of large amounts of data, which can be analyzed and utilized by bems to make informed decisions on energy usage. bems also enables building owners and managers to monitor and control their building’s energy usage remotely, providing convenience and cost savings in the long run. in conclusion, the demand for bems in the us smart building market is driven by the need for energy efficiency, regulatory compliance, and the adoption of smart and connected technologies. with its ability to optimize energy usage, reduce costs, and improve building performance, bems is set to play a crucial role in the development of smart buildings in the us.

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