HVAC Breaking News / Commercial Controls

Sept. 10, 2013: Big Data Seen Dominating Building Performance Market

New Entrants Are Emerging to Meet Growing Demand for Real-Time Monitoring

September 10, 2013
BOSTON — With buildings under pressure to lower energy consumption, both to comply with legislation and to respond to market demand, the measurement and verification industry is rapidly moving toward real-time performance tracking, according to Lux Research. New entrants, both in sub-metering hardware and big data analytics, will help audit the 760 billion square feet of available building space, says the research firm.

“Today, sub-metering devices are now available to measure all types of building utilities, such as electricity, water, fuels, and heating or cooling input, with very high precision — but with a high cost to match,” said Alex Herceg, Lux Research analyst and lead author of the report titled, Proof in Performance – Improving BEMS (Building Energy Management Systems) through Measurement and Verification. “Still, as real-estate managers slowly adopt a data-driven approach, the demand for the devices that can deliver actionable insights will grow.”

Lux Research analysts examined the current landscape of measurement and verification offerings and found:

• Big opportunity for serving smaller buildings. Current offerings are not a good fit for buildings under 50,000 square feet — the cost is too high to justify the energy savings, says the firm. But a European Union (EU) directive calling for energy services aimed at this segment could lead to a new model for servicing small structures.

• Energy service companies (ESCOs) need to expand their reach. While measuring energy performance began as energy conservation measures for large institutional portfolios, it has been hobbled by the high initial cost of sub-metering infrastructure. ESCOs need to tailor their offerings to reach out to the broader commercial sector.

• Better energy modeling can be disruptive. Companies such as Sefaira and Retroficiencey are poised to democratize the market, replacing expensive energy modeling techniques and inadequate physics simulation engines, says Lux Research. Sefaira uses a cloud-based tool to rapidly prototype a building and assess energy impacts of design decisions. Similarly, Retroficiency’s Automated Energy Audit is a rapid-modeling tool to help engineers find opportunities for energy savings.

Publication date: 9/9/2013

Want more HVAC industry news and information? Join The NEWS on Facebook, Twitter, and LinkedIn today!

Did you enjoy this article? Click here to subscribe to The NEWS Magazine

You must login or register in order to post a comment.

Multimedia

Videos

Image Galleries

2014 MCAA Annual Convention

Scenes from the 2014 MCAA Annual Convention in Scottsdale, Ariz.

Podcasts

NEWSmakers: Julian Scadden

Training is an ongoing process. Julian will discuss how you can generate maximum return on time and energy invested training by following a three part process. Listen to this podcast to get expert tips on training, tracking and follow up. 

More Podcasts

ACHRNEWS

NEWS 04-21-14 cover

2014 April 21

Check out the weekly edition of The NEWS today!

Table Of Contents Subscribe

SERVICE CALLS POLL

Which statement on service calls best applies to your business?
View Results Poll Archive

HVACR INDUSTRY STORE

plumbing-hvac.gif
2014 National Plumbing & HVAC Estimator

Every plumbing and HVAC estimator can use the cost estimates in this practical manual!

More Products

Clear Seas Research

 

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.

DON'T MISS A THING

Magazine image
 
Register today for complete access to ACHRNews.com. Get full access to the latest features, Extra Edition, and more.

STAY CONNECTED

facebook icontwitter iconyoutube iconLinkedIn i con