The U.S. market is the largest regional segment and is likely to maintain its dominance
October 18, 2016
The global building energy management systems (BEMS) market is forecast to surpass $6 billion by 2023, according to a report from Global Market Insights Inc. Increasing regulatory pressure due to increasing energy waste in buildings is predicted to drive the industry over the coming years.
Software is the vehicle that translates facility data into actionable information
September 21, 2016
A new report examines the strategy and execution of 15 intelligent building software solutions providers, providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global market for building energy management systems (BEMS).
The transition to the energy cloud will redefine the relationship between buildings and energy
August 31, 2016
Changing customer demands, regulations and sustainability goals, and power regulation and resiliency concerns are leading building owners to realize that the guidelines they have traditionally used to assess their portfolios are changing, notes Navigant Research.
Ongoing education about building energy management system benefits is accelerating midmarket adoption
June 27, 2016
Larger facilities have relied on building energy management systems (BEMSs) for more than a decade as a way to increase building efficiency through added insight and cost savings, notes Navigant Research. Today, smaller facilities are finding the systems can be just as valuable for buildings in the midmarket.
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.
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.
Tools to gather and analyze energy data in buildings are increasingly using SaaS models
October 15, 2015
With the emergence of data analytics tools and new software-enabled hardware, building energy management services (BEMS) have expanded in capability. BEMS have benefitted from falling costs and $1.4 billion in venture capital (VC) funding to facilitate operational decisions based on analysis of building energy data, reports Lux Research.
Products are a third of the market, value-add at 44 percent, with service and maintenance taking the rest
September 23, 2015
The global building automation and control systems market is expected to be worth just over $26 billion by 2019, according to BSRIA’s new World Market Intelligence (WMI) report: 2015 World Building Automation and Control Systems (BACS) study.