Building Energy Management Systems for the Midmarket

Building Energy Management Systems for the Midmarket

Building Energy Management Systems for the Midmarket

Report
Format: PDF-Excel
Published year: 2016
Publisher: Navigant Research
Language: English
Pages: 51

Summary

Building energy management systems (BEMSs) are software-centric intelligent building technologies for optimizing energy use and operations. In the early years of the BEMS market, smaller facilities were primarily ignored as targets for efficiency improvements. As the intelligent buildings market has evolved, however, it is becoming clear that BEMSs can be valuable investments for owners and operators of smaller buildings, especially those in the 10,000 SF-100,000 SF range. BEMSs can direct efficiency in building systems and deliver transparency for ongoing business improvement. Customers can rely on BEMSs to analyze diverse data sets for insight into a specific facility?even down to a piece of equipment?and outward across an entire portfolio. Energy efficiency was the primary use case when the BEMS market launched a decade or so ago, but today vendors tout the broader business benefits these tools can deliver. Ongoing market education on how these intelligent building solutions can improve the bottom line is helping to accelerate adoption within the midmarket for improving the operations of smaller facilities. According to Navigant Research, investment in BEMSs by midmarket customers is expected to grow from $235.6 million in 2016 to $1,640.3 million in 2025. This Navigant Research report analyzes the global market for BEMSs for the midmarket, with a focus on three offering types: software, services, and hardware. The study provides an analysis of the market issues, including market dynamics and investment drivers, associated with BEMSs for the midmarket. Global market forecasts for revenue, segmented by region, offering type, and customer type, extend through 2025. The report also examines the key technologies related to BEMSs for the midmarket, as well as the competitive landscape.
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