Ongoing education about building energy management systems benefits is accelerating midmarket adoption
A new report from Navigant Research examines building energy management systems (BEMSs) for the midmarket (the 10,000 SF-100,000 SF range), with a focus on software, services, and hardware, including global market forecasts for revenue, segmented by region, offering type, and customer type, through 2025.
Larger facilities have relied on BEMSs for more than a decade as a way to increase building efficiency through added insight and cost savings. Today, as the intelligent buildings market continues to evolve, owners and operators of smaller facilities are finding the systems can be just as valuable for buildings in the midmarket. Click to tweet: According to a new report from @NavigantRSRCH, investment in BEMSs by midmarket customers is expected to grow from $235.6 million in 2016 to $1.6 billion in 2025.
“The global outlook for BEMS in the midmarket is optimistic, with aggressive technology adoption following deeper customer understanding of the business benefits of intelligent building software analytics,” says Casey Talon, principal research analyst with Navigant Research. “BEMS are helping customers realize energy and operational efficiency gains that benefit the bottom line, particularly in the midmarket.”
Energy efficiency was the primary usage when the BEMS market launched several years ago, but today’s vendors tout the broader business benefits these tools can deliver, including the transparency needed for continuous business improvement. According to the report, ongoing market education on how these intelligent building solutions can improve the bottom line is helping to accelerate adoption within the midmarket.
The report, Building Energy Management Systems for the Midmarket, 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. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Lindsay Funicello-Paul
* The information contained in this press release concerning the report, Building Energy Management Systems for the Midmarket, is a summary and reflects Navigant 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 Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.