Building Energy Management Systems Market is estimated to reach USD 8,412 million by 2027, increasing at 12.70% CAGR during 2020-2027 | Size, Share & Forecast

The factors driving the growth of Building Energy Market Systems (BEMS) Market includes growing use of Building Energy Management Systems in the residential and commercial areas, rise in the prices of electricity and increasing concerns related to carbon emissions. According to the report published by Statista, the global electricity demand was estimated around 22 petawatt hours in 2017.

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https://www.marketwatch.com/press-release/building-energy-management-systems-market-is-estimated-to-reach-usd-8412-million-by-2027-increasing-at-1270-cagr-during-2020-2027-size-share-forecast-2022-08-17