Sept. 24, 2013: Survey Reveals New Directions for 2014 Energy Management Spending
On a Worldwide Basis, 45 Percent of Corporations Will Spend More on Energy Management in 2014
NEW YORK — Global spending on energy management by large corporations will increase or remain flat in 2014 with just 6 percent of corporations expected to spend less, according to a new global survey from independent analyst firm Verdantix. The firm said its annual survey of 250 heads of energy in 13 countries and 20 industries identifies new directions in corporate spending on renewable energy, HVAC, lighting, building technologies, energy software, and energy services.
“On a worldwide basis, 45 percent of corporations will spend more on energy management in 2014 than they did in 2013,” said Janet Lin, Verdantix Energy Practice research director. “Reflecting the downward pressure on natural gas and electricity prices and subdued economic growth, nearly 50 percent of corporations will keep energy management spend flat. Prominent suppliers such as DNV KEMA, Ecova, Rockwell Automation, and Siemens Building Technologies will benefit from increased customer spend if major economies gather momentum through the year.”