BEMS Market Predicted to Exceed $12 Billion by 2030

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• BEMS Market Predicted to Exceed $12 Billion by 2030

05 January 2022

The annual global BEMS market will grow from $8.8 billion in 2021 to $12.7 billion by 2030, owing to changes in electric vehicle charging infrastructure.

As many organisations plan to use electric vehicles (EV) in their commercial fleets in the future, the effect of fleet charging on the electrical system at the facility must not be overlooked, according to a recent report.

Although some sites will be able to handle the load from EV charging with minimal impacts, the power demands associated with charging EV fleets will likely exceed existing power capacity and management tools at many locations.

This will lead to organisations having to upgrade their building energy management systems (BEMS), or install them for the first time, the report by Guidehouse Insights argues.

It is estimated that the BEMS global market will grow at a compound annual growth rate (CAGR) of 4.1 per cent from $8.8 billion in 2021 to $12.7 billion by 2030.

Adding EV Fleet Charging Will Affect 10% of Commercial Properties Globally

Guidehouse Insights estimates that there are between 400,000 and 500,000 facilities within the US that will install more than 5 million charging ports in the coming decade.

The UK government is proposing that every new non-residential building must have one electric vehicle charge point for one in five spaces, applicable from 2025. Existing non-residential buildings will be required to have at least one charge point for every 20 car parking spaces, applicable from 2025.

There are similar scaling issues in other geographic regions facing fast EV fleet adoption, such as Europe and Asia Pacific. The need to add fleet charging infrastructure is anticipated to affect almost 10 per cent of commercial properties globally.

William Hughes, Principal Research Analyst at Guidehouse Insights said: “Many of these sites need to upgrade their BEMSs, and many more need to install a BEMS solution for the first time to support load management associated with charging EV fleets.”

Although upgrades to BEMS will be necessary, planning is highly complicated and requires site knowledge of current electrical infrastructure and an analysis of the charging configuration required to meet the operational needs of the EV fleet. It also requires the organisation to make fundamental decisions about the expertise it needs and how to pay for the charging infrastructure.

The report, The Impact of EV Fleets on Building Energy Management Systems, is available for download on the Guidehouse Insights website.

Picture: a photograph of an electrician working 

Article written by Ella Tansley | Published 05 January 2022

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