Technavio
Announces the Publication of its Research Report Building Energy ManagementServices Market in Middle East 2016-2020
Technavio recognizes the following companies as the key players in the building energy management services market in middle east: EFS, Emrill Services LLC, EMS, Enova, Etisalat Facilities Management LLC, Farnek Middle East LLC, Saudi Oger, and Trane.
Other prominent vendors in the market are: Samama Holding, Musanadah, and Cylon.
Commenting on the report, an analyst from Technavios team said: “One of latest trends in the market is focus on environmental sustainability. Various activities related to the O&M of building facilities, such as heating, cooling, and lighting, release a considerable amount of carbon dioxide (CO?). These emissions tend to bring down the level of greenhouse gases (GHG) present in the atmosphere, thereby causing health issues. An efficient building that is supported by energy efficient products and services discharges zero GHG to the atmosphere, thus promoting sustainable environment development.”
Technavio recognizes the following companies as the key players in the building energy management services market in middle east: EFS, Emrill Services LLC, EMS, Enova, Etisalat Facilities Management LLC, Farnek Middle East LLC, Saudi Oger, and Trane.
Other prominent vendors in the market are: Samama Holding, Musanadah, and Cylon.
Commenting on the report, an analyst from Technavios team said: “One of latest trends in the market is focus on environmental sustainability. Various activities related to the O&M of building facilities, such as heating, cooling, and lighting, release a considerable amount of carbon dioxide (CO?). These emissions tend to bring down the level of greenhouse gases (GHG) present in the atmosphere, thereby causing health issues. An efficient building that is supported by energy efficient products and services discharges zero GHG to the atmosphere, thus promoting sustainable environment development.”
According to
the report, one of the primary drivers in the market is cost savings for
businesses. Organizations have become increasingly aware of the overall
benefits and savings from effective energy management systems. Client
organizations are more inclined to streamline their processes and building
facilities to reflect greater profits in their business operations. In order to
achieve that, building facilities need to function in an optimized manner,
thereby adding to the overall efficiency of the business process. With
increased focus on managing costs, client organizations have shifted their
vision toward BEM as a competent resource for value addition rather than a mere
service cost. It is observed that the installation of efficient machinery or
equipment can help organizations save 3% of their overall costs.
Further, the report states that one major challenge in the market is high investment cost involved with BEM products and services. To improve the overall energy efficiency of any building facility, owners and users need to invest in energy-efficient products and services. It is found that the usual cost of investment behind a building that runs on energy-efficient products and services is higher than those with conventional products and installations. The subsequent high cost of investment made in an effort to improve the building's energy efficiency acts as a major complication for the market to grow. Also, the payback period of investment behind such products and services is 2-3 years. At times, building owners invest in energy-efficient products but neglect the services aspect, which results in a dip in the energy efficiency of the installed products with usage. Commercial and residential building builders also tend to overlook the benefits of energy management services as most of them are not liable to pay electricity bills. Instead of periodic services behind the installed machinery, builders prefer one-time investment in products, and this acts as one of the major deterrents to the growth of BEMS in the region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/470052
Further, the report states that one major challenge in the market is high investment cost involved with BEM products and services. To improve the overall energy efficiency of any building facility, owners and users need to invest in energy-efficient products and services. It is found that the usual cost of investment behind a building that runs on energy-efficient products and services is higher than those with conventional products and installations. The subsequent high cost of investment made in an effort to improve the building's energy efficiency acts as a major complication for the market to grow. Also, the payback period of investment behind such products and services is 2-3 years. At times, building owners invest in energy-efficient products but neglect the services aspect, which results in a dip in the energy efficiency of the installed products with usage. Commercial and residential building builders also tend to overlook the benefits of energy management services as most of them are not liable to pay electricity bills. Instead of periodic services behind the installed machinery, builders prefer one-time investment in products, and this acts as one of the major deterrents to the growth of BEMS in the region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Get discount: https://marketreportscenter.com/request-discount/470052
About Building Energy Management Services
BEMS are dedicated energy solutions provided to end-users in terms of energy savings and optimization. These services are offered to end-users in the form of either installation of an energy-efficient product, maintenance of existing machinery to reduce consumption, or through a more concerted approach to consulting in the form of energy audits, monitoring, and control.
Technavio’s analysts forecast the building energy management services market in Middle East to grow at a CAGR of 19.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the building energy management services market in Middle East for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market.
The market is divided into the following segments based on geography:
• UAE
• KSA
• Qatar
• Others (Bahrain, Oman, and Lebanon)
Technavio's report, Building Energy Management Services Market in Middle East 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• EFS
• Emrill Services LLC
• EMS
• Enova
• Etisalat Facilities Management LLC
• Farnek Middle East LLC
• Saudi Oger
• Trane
Other prominent vendors
• Samama Holding
• Musanadah
• Cylon
Market driver
• Need to optimize energy consumption.
• For a full, detailed list, view our report
Market challenge
• High investment cost related to BEM products and services.
• For a full, detailed list, view our report
Market trend
• Widening gaps in energy demand and supply.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
BEMS are dedicated energy solutions provided to end-users in terms of energy savings and optimization. These services are offered to end-users in the form of either installation of an energy-efficient product, maintenance of existing machinery to reduce consumption, or through a more concerted approach to consulting in the form of energy audits, monitoring, and control.
Technavio’s analysts forecast the building energy management services market in Middle East to grow at a CAGR of 19.49% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the building energy management services market in Middle East for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the prominent vendors operating in the market.
The market is divided into the following segments based on geography:
• UAE
• KSA
• Qatar
• Others (Bahrain, Oman, and Lebanon)
Technavio's report, Building Energy Management Services Market in Middle East 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
• EFS
• Emrill Services LLC
• EMS
• Enova
• Etisalat Facilities Management LLC
• Farnek Middle East LLC
• Saudi Oger
• Trane
Other prominent vendors
• Samama Holding
• Musanadah
• Cylon
Market driver
• Need to optimize energy consumption.
• For a full, detailed list, view our report
Market challenge
• High investment cost related to BEM products and services.
• For a full, detailed list, view our report
Market trend
• Widening gaps in energy demand and supply.
• For a full, detailed list, view our report
Key questions answered in this report
• What will the market size be in 2020 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?
Table
of content: https://marketreportscenter.com/reports/470052/building-energy-management-services-market-in-middle-east-2016-2020#toc
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