Market Share of APAC Building Energy Management Systems Industry
The Asia-Pacific Building Energy Management Systems Market is a moderately fragmented market with several significant players like Siemens AG, Honeywell, ABB Ltd., etc. The market players are constantly striving to innovate new products, platforms & services to cater to the complex requirements of their customers. The market players also aim to expand their geographic reach and technical capabilities through collaborations and mergers.
- July 2022 - Honeywell launched its new carbon and energy management solution for tracking buildings' emissions. The company's energy-management-as-a-service offering allows companies to account for carbon emissions down to a device level fully. As part of the Honeywell Forge platform for data, analytics, and Internet of Things capabilities, the carbon, and energy management solution is a cloud-based service to aid building owners in optimizing energy usage and carbon emissions (Scope 1 and 2), achieving sustainability throughout the enterprise.
- April 2022 - Schneider Electric, the global player in the digital transformation of energy management and automation and acknowledged as the world's most sustainable corporation in 2021 by Corporate Knights Global 100 Index, launched EcoStruxure Energy Hub, a scalable self-service IoT software as a service solution, which simplifies the management of digitalized electrical and energy systems.
APAC Building Energy Management Systems Market Leaders
Siemens AG
Honeywell International Inc.
Schneider Electric SE
Johnson Controls
ABB Ltd.
*Disclaimer: Major Players sorted in no particular order
