According to the International Energy Agency2 , energy consumption stemming from the buildings industry reached 132 Exajoule (EJ) in 2021 or 30% of total global final energy consumption, a jump of 0.5% per year since 2010. 

The increased frequency of extreme weather conditions and the subsequent growing ownership and use of air conditioning (AC) systems are the major factors behind this trend. In 2021, emissions from the building industry reached 3 gigatons of carbon dioxide (Gt CO2) which corresponds to growth of more than 15% of total emissions from end-use sector. 

Building and Home Energy Management solutions (BEMs/HEMs) offer the potential to reduce electricity consumption by over 50% Inefficient processes and poor energy management result in commercial buildings wasting 30% of the energy that they consume. Advanced BEM solutions can provide savings of between 13% and 66% in terms of costs due to their detection, historical analysis, diagnostic and predictive capabilities.