Facing unprecedented challenges and complexities, utilities around the
world are looking to building energy management systems (BEMS) to help
boost the effectiveness of their energy efficiency and demand-side
management programs, better understand customer energy use patterns, and
engage multiple segments of their commercial client base with new and
innovative money-saving programs. At the same time, commercial energy
management vendors are finding that these technologies can help them
gain access to large new customer bases that were previously
cost-prohibitive to access. According to a new report from Pike
Research, a part of Navigant's Energy Practice, global spending on
building energy management systems will total $41 million in 2012 and
will reach $319 million worldwide by 2020.
"The market for BEMS for utility customers is still nascent, with most
of the leading activity being driven by utilities in the United States
and Canada," says senior research analyst Eric Bloom. "On the vendor
side, the BEMS market is made up of large, well-established players as
well as smaller, more nimble companies that have the ability to disrupt
the market dynamics with innovative technical solutions and pricing
models. Other formidable market entrants include large IT firms, which
offer expertise in handling enterprise-level integration and large
volumes of data."
The capabilities of BEMS solutions vary widely, according to the report.
While active systems can control all or portions of the building's
infrastructure systems, passive BEMS perform a monitoring and analysis
function only. Enterprise-wide solutions can report information to all
levels of a large and geographically diverse organization, whereas
others are designed for a single facility. Some systems require
connection to a host of meters and building systems for theirdata,
while others require no touch at all and can be implemented remotely,
without ever visiting the structure.
The report, "Building
Energy Management Systems for Utility Customers", examines the
growing BEMS market for utility customers, with a focus on the inroads
that utilities and commercial building energy management vendors are
making as they partner with each other on innovative new programs,
products, and services. The report details the drivers and hurdles on
both the demand and the supply side, as well as key market dynamics that
have influenced this pairing. Characteristics of the key customer
segments of large commercial clients as well as small to medium-sized
businesses are presented, with discussion of future trends and market
evolution in the all global regions. Key industry players are profiled
in depth and market forecasts for spending, broken down by region and by
market segment, extend through 2020. An Executive Summary of the report
is available for free download on the Pike
About Pike Research
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team's research methodology combines supply-side industry analysis,
end-user primary research and demand assessment, and deep examination of
technology trends to provide a comprehensive view of the Smart Energy,
Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings
sectors. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Building Energy Management Systems for Utility Customers,"
is a summary and reflects Pike Research's current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report's conclusions and the methodologies used to create the report.
Neither Pike Research nor Navigant undertakes any obligation to update
any of the information contained in this press release or the report.
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