The New England building energy management system market size was estimated at USD 688.4 million in 2024 and is expected to grow at a CAGR of 10.7% from 2025 to 2030. Factors driving the market growth include the stringent energy efficiency regulations, growing focus on sustainability and green building initiatives, and the convergence of technologies, such as IOT, AI, and big data analytics are primarily driving the growth of the market. Stringent energy efficiency regulations are a significant driver in the market. States in the New England region, such as Massachusetts, Vermont, and Connecticut, have implemented some of the most rigorous energy codes in the U.S. These regulations aim to reduce energy consumption, lower carbon emissions, and promote sustainability across residential, commercial, and industrial sectors.
Various companies across the region are integrating Environmental, Social, and Governance (ESG) goals into their operations, seeking to demonstrate a commitment to sustainability. BEMS plays a crucial role in helping organizations monitor and reduce energy use, cut greenhouse gas emissions, and improve their overall environmental footprint. In New England, the push for net-zero energy buildings and adherence to Passive House standards has also contributed to this trend. These initiatives require buildings to be exceptionally energy-efficient, often necessitating the use of intelligent energy management solutions to optimize performance. As awareness of climate change grows, the emphasis on green building practices is expected to continue driving the BEMS market, supporting broader sustainability and environmental goals across the region.
The convergence of technologies, such as IoT, AI, and big data analytics, offers substantial opportunities for BEMS providers. By developing systems that leverage IoT devices, companies can enable real-time monitoring and control of energy consumption across various building systems. Integrating AI algorithms can enhance predictive maintenance and optimize energy management based on occupancy patterns, weather conditions, and energy pricing. As smart building solutions gain traction, companies that offer integrated platforms combining BEMS with IoT and AI will likely capture a significant share of the market.
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Various companies across the region are integrating Environmental, Social, and Governance (ESG) goals into their operations, seeking to demonstrate a commitment to sustainability. BEMS plays a crucial role in helping organizations monitor and reduce energy use, cut greenhouse gas emissions, and improve their overall environmental footprint. In New England, the push for net-zero energy buildings and adherence to Passive House standards has also contributed to this trend. These initiatives require buildings to be exceptionally energy-efficient, often necessitating the use of intelligent energy management solutions to optimize performance. As awareness of climate change grows, the emphasis on green building practices is expected to continue driving the BEMS market, supporting broader sustainability and environmental goals across the region.
The convergence of technologies, such as IoT, AI, and big data analytics, offers substantial opportunities for BEMS providers. By developing systems that leverage IoT devices, companies can enable real-time monitoring and control of energy consumption across various building systems. Integrating AI algorithms can enhance predictive maintenance and optimize energy management based on occupancy patterns, weather conditions, and energy pricing. As smart building solutions gain traction, companies that offer integrated platforms combining BEMS with IoT and AI will likely capture a significant share of the market.
New England Building Energy Management System Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, the analyst has segmented the global New England building energy management system market report based on product type and end-use.Product Type Outlook (Revenue, USD Billion, 2017 - 2030)
- Sensors & Controllers
- Smart Meters
- Energy Storage Systems
- Software & Analytics Platforms
End-use Outlook (Revenue, USD Billion, 2017 - 2030)
- Residential
- Energy & Power
- Telecom & IT
- Manufacturing
- Retail
- Healthcare
Why should you buy this report?
- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
- Competitive Landscape: Explore the market presence of key players worldwide.
- Future Trends: Discover the pivotal trends and drivers shaping the future of the global market.
- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. New England Building Energy Management System (BEMS) Market Variables, Trends, & Scope
Chapter 4. New England Building Energy Management System (BEMS) Market: Product Type Estimates & Trend Analysis
Chapter 5. New England Building Energy Management System (BEMS) Market: End Use Estimates & Trend Analysis
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- ABB
- BuildingIQ
- Current Lighting Solutions, LLC
- Enel X North America, Inc.
- GridPoint
- Honeywell International Inc.
- Johnson Controls Inc.
- Schneider Electric
- Siemens
- Trane Technologies plc
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 100 |
| Published | November 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 0.69 Billion |
| Forecasted Market Value ( USD | $ 1.27 Billion |
| Compound Annual Growth Rate | 10.7% |
| Regions Covered | United Kingdom |
| No. of Companies Mentioned | 10 |
