BOULDER, Colo. — Though industrial facilities are some of the most energy-intensive buildings worldwide, the drive for continuous operations and a focus on production has usually made energy efficiency a low priority for their operators and managers, notes Navigant Research. However, many executives are now paying closer attention to the enhanced data visibility and performance benefits that industrial energy management systems (IEMSs) can provide. According to a report from the research firm, global revenue from IEMSs is expected to total $224 billion from 2015 to 2024.

“As industrial customers struggle to regain financial stability in a post-recession world, IEMS solutions are expected to gain traction across geographies and customer types,” said Casey Talon, principal research analyst with Navigant Research. “These systems can help support corporate governance, increase budget certainty, and develop key performance indicators for energy to set targets for improvements in costs, use, or production.”