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.
Adoption of These Systems Varies Regionally Based on Industry and Regulatory Market Drivers
May 18, 2015
During the past decade, as technologies have matured and the economic benefits have become apparent, the global market for building energy management systems (BEMS) has continued to evolve, notes Navigant Research.
Industrial Energy Management Systems Are the Largest Revenue Generating Segment
March 31, 2015
The global energy management systems (EMS) market is expected to reach $44.4 billion by 2020, registering a compound annual growth rate (CAGR) of 13.75 percent from 2014 to 2020, according to a new report by Allied Market Research.
Energy Can Be the Single Largest Operating Expense in a Typical Commercial Building
March 24, 2015
Trane, a brand of Ingersoll Rand, has introduced its new Trane Building Advantage brand, a suite of energy services offerings to assist building owners and managers with managing and operating efficient and sustainable buildings.
As Market Matures, Demand Is Growing for More Integrated Solutions
March 2, 2015
Several market trends, including growing awareness of the Internet of Things (IoT) and rising demand for data-driven decision support tools, are accelerating adoption of building energy management systems (BEMS), notes Navigant Research.