Solution identifies and helps maximize energy savings using IoT electrical devices or “adaptors”
May 25, 2016
Budderfly LLC, a provider of energy management solutions, has been recognized as a 2016 Gartner Cool Vendor in Internet of Things (IoT) Solutions. By adding IoT devices and advanced software to an existing infrastructure, Budderfly’s solution is said to be able to enhance the energy efficiency performance of any building.
Production remains the primary concern for industrial facility customers, report finds
May 10, 2016
Though industrial facilities are some of the most energy-intensive buildings worldwide, the drive for continuous operations and a focus on production has usually made energy efficiency a low priority for their operators and managers, notes Navigant Research.
Technological advancements coupled with rising commercialization of innovative products expected to fuel growth
April 27, 2016
The global energy management systems (EMS) market was valued at $20.49 billion in 2014, and is forecast to grow at a compound annual growth rate (CAGR) exceeding 14 percent from 2015 to 2022, reaching $58.59 billion by 2022, according to a report from Grand View Research.
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.