Items Tagged with 'BEMS'

Schneider Electric announced that it has been named a leader in the Navigant Research Leaderboard Report on Building Energy Management Systems (BEMS). For the second year in a row, Schneider Electric has received the highest overall score for strategy and execution.

A new report examines the strategy and execution of 15 intelligent building software solutions providers, providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the global market for building energy management systems (BEMS).

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 global building energy software market is forecast to grow at a compound annual growth rate (CAGR) of 16.24 percent over the period 2014-2019, according to a report by Technavio.

During the past decade, as technologies have matured and the economic benefits have become apparent, the global market for building energy management systems (BEMS) has continued to evolve, notes Navigant Research.

Several market trends, including growing awareness of the Internet of Things (IoT) and rising demand for data-driven decision support tools, are accelerating adoption of building energy management systems (BEMS), notes Navigant Research.

It is an alarming fact that many building energy management systems (BEMS) have either never been serviced or have received little or no maintenance in years. To enable users of its systems to address this potentially costly problem, a comprehensive BEMS audit should be carried out.

The market for building energy management systems (BEMS) for small and medium-sized commercial buildings is expanding as building owners and managers demand more energy savings and easier ways to manage energy use in their facilities, notes Navigant Research.

Thirty-nine percent of the total energy used in a building is wasted. But 84 percent of a building’s total energy consumption could be efficiently controlled through an effective building energy management system (BEMS).

Although small and medium-sized commercial buildings represent a majority of buildings both in terms of number of buildings and square footage, they have not seen the same level of penetration of building energy management systems (BEMS) as larger facilities, notes Navigant Research. That is now changing.