The Building Energy Management Systems Market is Shifting its Focus Toward the Utility Sector

While owners of commercial buildings have been focused on energy efficiency for quite some time, the market for building energy management systems (BEMS) is still nascent.  Building control and automation systems are enabling access to ever increasing amounts of data, and this “big data” is providing significant opportunities for building owners and facilities managers as well as market participants who stand to benefit from transforming it into usable information.  According to a recent report from Pike Research, many of the companies in this rapidly growing market are turning to utilities as a market channel for their products and services.

“There’s been a shift in focus in the BEMS industry toward the utility sector, as budgets for utility demand side management (DSM) programs are expected to grow at double-digit rates through 2015,” says senior analyst Eric Bloom.  “Recent merger and acquisition activity by energy management software providers is one signal of this trend, while other companies, driven by an increasingly stringent regulatory environment for DSM, have entirely shifted their strategy toward BEMS for utilities.”

Overall, worldwide revenue from building energy management systems will increase at a compound annual growth rate (CAGR) of nearly 14% through the rest of this decade, the cleantech market intelligence firm forecasts, reaching just under $6 billion a year by 2020.  North America, the largest market by a wide margin today, will lose market share by a slight margin but continue to lead the world.  The second largest market at the beginning of the forecast period, Western Europe will cede that position to Asia Pacific – i.e., China – by 2020.

Pike Research’s report, “Building Energy Management Systems”, examines the global market for building energy management systems hardware, software, and services, along with trends in new product offerings, new technologies, business models and business strategies, and key industry players.  Market forecasts in this report include total revenue growth from 2011 through 2020, as well as segmentation for seven global regions.  The forecasts also include segmentation by software, services, and hardware spending, along with projections for the leading market segments by building type for each region.  An Executive Summary of the report is available for free download on the firm’s website.

Contact: Richard Martin

+1 303 997 7609

press@pikeresearch.com

This entry was posted in Business, Energy, Energy Management, Green Business, Green Facilities, Sustainability News and tagged , , , , , , , , . Bookmark the permalink.