Energy Management Systems

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Larger facilities have relied on building energy management systems (BEMSs) for more than a decade as a way to increase building efficiency through added insight and cost savings, notes Navigant Research. Today, smaller facilities are finding the systems can be just as valuable for buildings in the midmarket.

The latest report on the global energy management systems market for the health care sector from Technavio provides an analysis of the most important trends expected to impact the market from 2016 to 2020.

Encycle™ has announced the public release of its HVAC Visibility reports, part of its overall Energy as a Service by Encycle (EASE) solution. The solution is designed to maximize the performance of HVAC systems to save commercial and industrial companies money while reducing their carbon footprint.

Budderfly LLC, a provider of energy management solutions, has been recognized as a 2016 Gartner Cool Vendor in Internet of Things (IoT) Solutions. By adding IoT devices and advanced software to an existing infrastructure, Budderfly’s solution is said to be able to enhance the energy efficiency performance of any building.

As the cost of advanced sensors has decreased and the amount of computational power and data storage has increased, buildings have become data-rich environments, notes Navigant Research.

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.

The global energy management systems (EMS) market was valued at $20.49 billion in 2014, and is forecast to grow at a compound annual growth rate (CAGR) exceeding 14 percent from 2015 to 2022, reaching $58.59 billion by 2022, according to a report from Grand View Research.

Global market revenue for energy management systems stood at $9.87 billion in 2014 and is forecast to reach $35.92 billion by 2024, increasing at a compound annual growth rate (CAGR) of 13.4 percent from 2016 to 2024, according to a report from Transparency Market Research.

The global market for building energy management solutions is projected to grow at a compound annual growth rate (CAGR) of over 12 percent from 2016 to 2021, according to a report by TechSci Research, due to an increasing focus on reducing emissions, stringent government regulations, and a growing number of smart city projects.

Siemens Building Technologies Division and IBM have announced cloud-based solutions that will leverage Siemens’ building expertise and IBM’s Internet of Things (IoT) capabilities to maximize the potential of connected buildings, helping corporate real estate owners drive business results and meet energy efficiency goals.