Energy management systems in commercial buildings

Pike Research report: Building energy management systems help bring commercial buildings to the Smart Grid, increase energy savings.

12/30/2010


According to a new report from Pike Research, the building energy management systems (BEMS) sector is an important and fast-growing application area within the broader Smart Grid movement, and the cleantech market intelligence firm forecasts that BEMS revenue in the U.S. will increase from $900 million in 2010 to $2.4 billion annually by 2016 under an average forecast scenario.

Pike Research's report, Building Energy Management Systems, analyzes the market opportunity for BEMS in commercial buildings throughout the U.S. The report provides a study of the market drivers, barriers and industry dynamics in today's market, along with three scenarios for future growth.

The BEMS market represents a convergence point for IT vendors, Smart Grid companies, utilities, building management system vendors, curtailment service providers and other energy-efficiency companies. As a result of this market convergence, BEMS offerings will become more sophisticated, providing energy savings to the end user that in many cases will be reinvested in additional energy-efficiency applications, according to the report.

Pike Research's analysis indicates that the healthcare, university and commercial office space vertical markets are the most important three segments for the growing BEMS business. Over the next few years, many decision-makers in these markets will choose BEMS rather than updating a legacy BMS, given the cost advantages and versatility of working with multiple technologies, according to the report.



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Motor specification guidelines; Understanding multivariable control; Improving a safety instrumented system; 2017 Engineers' Choice Award Winners
Selecting the best controller from several viewpoints; System integrator advice for the IIoT; TSN and real-time Ethernet; Questions to ask when selecting a VFD; Action items for an aging PLC/DCS
Robot advances in connectivity, collaboration, and programming; Advanced process control; Industrial wireless developments; Multiplatform system integration
Motion control advances and solutions can help with machine control, automated control on assembly lines, integration of robotics and automation, and machine safety.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Future of oil and gas projects; Reservoir models; The importance of SCADA to oil and gas
Big Data and bigger solutions; Tablet technologies; SCADA developments
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Automation Engineer; Wood Group
System Integrator; Cross Integrated Systems Group
Jose S. Vasquez, Jr.
Fire & Life Safety Engineer; Technip USA Inc.
click me