SMALL BLDG ENERGY MANAGEMENT BIZ TO QUINTUPLE TO $1.3BIL

Energy Management for Small and Medium Buildings; Building Energy Management System Software, Services, and Hardware: Global Market Analysis and Forecasts

2Q 2014 (Navigant Research)

“The small and medium commercial building (SMCB) market is as diverse as it is large, consisting of buildings of all ages, sectors, and management regimes. Building energy management systems (BEMSs) represent a technology offering that can enable buildings to improve performance, save energy, and comply with regional codes and laws…BEMSs are poised to be a tool that enables cost and carbon savings in small and medium buildings. These systems have traditionally focused on two key functions – energy visualization and energy analytics. Today, the market is expanding into adjacent functions, such as demand response (DR) and property management…and engaging a broader set of players in the global buildings market. Navigant Research forecasts that the global SMCB BEMS market will grow from $231.3 million in 2013 to $1.3 billion in 2022…” click here for more

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