Energy Management Systems

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The global energy management system (EMS) market was valued at $31.29 billion in 2015 and is forecast to reach $63.16 billion by 2021, increasing at a compound annual growth rate (CAGR) of 12.4 percent between 2016 and 2021, according to a report from Zion Research.

The global smart building market is forecast to grow from $5.73 billion in 2016 to $24.73 billion by 2021, increasing at a compound annual growth rate (CAGR) of 34 percent from 2016 to 2021, according to a report published by MarketsandMarkets.

Changing customer demands, regulations and sustainability goals, and power regulation and resiliency concerns are leading building owners to realize that the guidelines they have traditionally used to assess their portfolios are changing, notes Navigant Research.

This patented, quick-start HVAC optimization solution gives commercial building operators affordable access to technology in OptimumLOOP™, an advanced chiller-plant optimization solution for large commercial facilities. 

Schneider Electric has introduced the New Energy Opportunities (NEO) Network™, a collaborative online platform to help commercial and industrial companies quickly identify and vet renewable energy, cleantech, and energy-efficiency prospects.

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. 

The global energy management systems market is forecast to see a compound annual growth rate (CAGR) of 13.4 percent between 2016 and 2024, growing from a valuation of $9.9 billion in 2014 to $35.9 billion by 2024, according to a report from Transparency Market Research.

GridPoint announced that it has been named the winner of Frost & Sullivan’s 2016 Customer Value Leadership Award for building energy management solutions. This award is given to a company that consistently deepens customer relationships by offering superior products and services that deliver a clear, demonstrable ROI.

Schneider Electric announced it has appointed Annette Clayton as president and CEO, North America Operations. Clayton will be based in Schneider Electric’s North America headquarters in Andover, Massachusetts, and is responsible for driving business strategy and execution for the region.