Demand for Building Energy Management Systems to Double

ACCORDING to a new report from Navigant Research, worldwide revenue for building energy management systems (BEMS) will reach $5.6 billion annually by 2020, more than doubling from the 2013 level.

Driven by technology advances and a growing familiarity among customers as to the benefits that energy management systems provide, as they help customers squeeze cost-reducing energy efficiency and operational benefits out of their building portfolios, so states Navigant Research. 

Eric Bloom, senior research analyst with Navigant said: “Among end users, awareness is growing that BEMSs can help companies not only reduce their energy consumption, but also improve the operational performance of facilities and gain insight into occupancy trends in their buildings worldwide.”

The report, “Building Energy Management Systems”, examines the global market for BEMSs, including hardware, software, and service components. The report details the current state of the market, and provides insight into the future direction of the technology based on emerging capabilities, technical feasibility, and consumer demand. 

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Tuesday 13th August 2013

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