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.
Builds on companies’ expertise in HVAC and building management and control
October 13, 2016
Panasonic Corp. and Schneider Electric announced they are partnering to provide an integrated HVAC equipment and building management solution that brings new levels of HVAC control and energy efficiency to today’s commercial buildings.
Arlington County, Virginia, is well on its way to a goal of 20 percent energy reduction by 2022. But the county realized it could do more — and do it quicker — if it had a modular solution that could optimize energy usage among multiple building devices.
Six Wendy's franchisees join the Better Buildings Challenge
September 12, 2016
The U.S. Department of Energy (DOE) has recognized The Wendy’s® Co. and one of its franchisees, Wendco Group, for their partnership in the Better Buildings Challenge and for leadership in energy efficiency.
Includes increase in government initiatives, rising energy prices, desire to reduce GHG emissions
September 5, 2016
An analysis of the most important trends expected to impact the global energy-efficient building market from 2016 to 2020 is included in the latest report from Technavio. It reveals the top three emerging trends driving the market according to Technavio’s research analysts.
Catalyst prize winners move products closer to commercialization
September 5, 2016
The U.S. Department of Energy (DOE) announced follow-on funding for the two Buildings topic winners of the Catalyst Energy Innovation Prize. The companies, Kinetic Buildings and Livable Analytics, are developing software to diagnose faulty building HVAC operation and to better understand building occupant satisfaction.
Rising energy prices will be a key trend for market growth
August 29, 2016
The global energy-efficient building market is projected to grow at a compound annual growth rate (CAGR) of 9.6 percent during the forecast period of 2016 to 2020, according to a report from Sandler Research.
According to the U.S. Environmental Protection Agency (EPA), when businesses invest in energy efficiency, it yields 200-300 percent return on investment (ROI). Steps taken to make HVAC systems more efficient are beneficial for both business profitability and sustainable resources.
NYSERDA initiatives aim to increase energy efficiency of commercial buildings
August 4, 2016
Noveda Technologies, a provider of web-based, real-time energy and water management, announced the company’s platform has been selected as a qualified system provider by the New York State Energy Research and Development Authority (NYSERDA) for its Real Time Energy Management (RTEM) program.
Smaller commercial buildings are expected to be the next target for energy efficiency upgrades
July 15, 2016
Small and medium commercial buildings have not seen the same penetration of energy efficiency retrofits as larger facilities due to lower expenditures on energy management, lack of customer education, perceived high risk of retrofit financing, and split incentives between building owner and tenant, notes Navigant Research.