Nov. 27, 2013: Building Energy Management Software to Nearly Triple in Revenue by 2020
Both Voluntary and Regulatory Measures Are Fueling Rapid Growth
“Both voluntary and regulatory measures are fueling rapid growth in the global market for BEMS software,” said Eric Bloom, senior research analyst with Navigant Research. “In Europe, for example, the requirement that large energy consumers develop energy management plans in accordance with the European Union’s Energy Efficiency Directive will drive many companies in the region to look for sophisticated tools that will help them manage and reduce their energy consumption.”
The sophistication and ease of use of BEMS continue to improve on an annual basis, the study says. Navigant Research tracks more than 400 companies that have developed and market BEMS technology and provide ongoing services. This provides a number of options for building owners and facility managers looking to manage their energy more effectively.
Publication date: 11/25/2013