The IEMS Market Is Broadly Segmented by Technology Solutions
February 13, 2015
The global industrial energy management system (IEMS) market is forecast to grow from $12.6 billion in 2014 to $24.4 billion by 2019, at a compound annual growth rate (CAGR) of 14.2 percent from 2014 to 2019, according to a new market research report published by MarketsandMarkets.
Technology Is Moving from Room-Centric HVAC Control to Property-Wide Energy Management
March 26, 2014
Although energy management technology has been available for almost 20 years, the hospitality sector has been slow to adopt it, notes Navigant Research. That is beginning to change, as hotel operators look to improve financial performance at the property level despite a slow-moving economy.
Industrial energy management systems (IEMSs) are evolving quickly to help industrial facilities minimize energy use while still meeting the demands of production. According to a new report from Navigant Research, annual revenue from IEMSs will reach $22.5 billion in 2020, essentially doubling their 2013 level.
Shipments of home energy management (HEM) systems, both standalone and networked, are forecast to rise steadily over the remainder of this decade, and the installed base of households with HEM systems will grow to more than 40 million in 2020, according to a report from Pike Research.