The Leading News & Information Service For The Facilities, Workplace & Built Environment Community

BEMS Market Predicted to Exceed $12 Billion by 2030

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


Related Articles

TfL Searches for Partner to Expand Commercial Real Estate Portfolio

Transport for London is searching for a new joint venture partner to create a portfolio of three new commercial office developments at Bank, Paddington and...

 Read Full Article
Government Announces £553m of Investment to Upgrade Public Buildings

Hundreds of public buildings in England will cut their use of fossil fuels and advance towards low carbon heating and energy efficiency upgrades, thanks to £553...

 Read Full Article
Leeds Development First Outside London to Achieve NABERS 5 Star Target

A new development in the heart of Leeds, 11 & 12 Wellington Place, has been officially confirmed as one of the UK’s most sustainable office buildings. With a...

 Read Full Article
A New Methodology to Measure EPC Ratings – What is SAP 11?

The government’s current system for assessing the energy performance of UK homes is to be overhauled over the next three years. In collaboration with the...

 Read Full Article
Deepki Achieves Highest-Ever ClimateTech SAAS Fundraising in the Real Estate Sector

Deepki, an ESG data intelligence platform for the real estate sector, has raised €150 million in a Series C round of funding.  This is the largest ever...

 Read Full Article
Schroders Capital Obtains Planning Consent for 3 Ruskin Square

Detailed planning consent has been secured from Croydon Council for 3 Ruskin Square, a 14-storey office building adjacent to East Croydon Station. The building,...

 Read Full Article
FT Reports Prologis Bid on Blackstone’s Logistics Business

According to the Financial Times, Prologis has made a bid on Blackstone’s €21 billion logistics and warehouse arm. Prologis has allegedly made “a...

 Read Full Article
Stiles Harold Williams Appoints Head of FM and Sustainability

Stiles Harold Williams Partnership has appointed Tarniah Thompson as its Head of FM & Sustainability. Based in the London office of Stiles Harold Williams...

 Read Full Article
Madison International Realty Invests in 105 Victoria Street

Madison International Realty has invested in 105 Victoria Street, the UK's largest net-zero office development. This is in addition to the funding from Welput, the...

 Read Full Article
An Electric Vehicle Future – Which Cities Are Best Prepared?

As the ban on sales of petrol and diesel cars nears, non-EV drivers may be considering changing sooner rather than later, but do the UK's towns and cities have the...

 Read Full Article