Growing use expected in various applications including the building, home, and industrial sectors
April 5, 2016
Global market revenue for energy management systems stood at $9.87 billion in 2014 and is forecast to reach $35.92 billion by 2024, increasing at a compound annual growth rate (CAGR) of 13.4 percent from 2016 to 2024, according to a report from Transparency Market Research.
Building energy management solutions are being widely employed in the commercial sector
March 14, 2016
The global market for building energy management solutions is projected to grow at a compound annual growth rate (CAGR) of over 12 percent from 2016 to 2021, according to a report by TechSci Research, due to an increasing focus on reducing emissions, stringent government regulations, and a growing number of smart city projects.
Software from IBM is being integrated into Siemens Navigator platform
March 9, 2016
Siemens Building Technologies Division and IBM have announced cloud-based solutions that will leverage Siemens’ building expertise and IBM’s Internet of Things (IoT) capabilities to maximize the potential of connected buildings, helping corporate real estate owners drive business results and meet energy efficiency goals.
Industrial energy management is largest segment; home energy management to see highest growth
January 12, 2016
The global energy management system (EMS) market is expected to reach $58.59 billion by 2022, growing at a compound annual growth rate (CAGR) of 14.3 percent, according to a new report by Grand View Research. Demand for energy efficiency and optimization are the keys driving adoption of energy management solutions.
The energy cloud is redefining buildings as energy assets, report finds
January 4, 2016
As building energy management systems (BEMS) gain greater market penetration, building control algorithms are beginning to provide data beyond energy efficiency, including details on space utilization and operational efficiency.
Performance analytics and energy performance services are recognized
December 11, 2015
Schneider Electric announced that its sustainability and energy management software platform, StruxureWare Resource Advisor, along with its Energy Performance Services, received a Top Product of the Year Award in the Energy Manager Today Awards.
Launched in 2006, Danfoss’s EnVisioneering Symposia help keep HVACR industry stakeholders apprised of the latest developments in U.S. policy and industry and provide forums in which they can share ideas and information.
Phoenix Energy Technologies monitors and controls energy usage at an enterprise level
November 5, 2015
Duke Energy, one of the nation’s largest electric utilities, has acquired a majority share of Phoenix Energy Technologies (PhoenixET), a provider of energy management systems and services for commercial customers. The terms of the deal were not disclosed.