Smart Building Managed Services Spending to Surpass $1 Billion by 2020

September 6, 2012

As part of the effort to cut costs in the global recession, many commercial building owners and managers have installed building energy management systems (BEMS) to reduce energy use and operating expenses.  While these new systems can provide significant efficiency gains, their sophistication can be beyond the capabilities and resource levels of a building’s operating or maintenance staff.  Consequently, smart building managed services are growing in demand and popularity as a means of solving these and other building energy management market issues.  According to a new report from Pike Research, a part of Navigant’s Energy Practice, worldwide spending on these outsourced services – which include data acquisition and analytics, as well as building maintenance contracts – will grow from $291 million in 2012 to $1.1 billion by 2020.

“As the need for sophisticated building energy management systems grows worldwide, so will the need for simpler, turnkey solutions that unlock energy efficiency,” says senior research analyst Eric Bloom.  “Smart building managed services allow building owners to outsource their energy management needs to experts who continuously monitor their facilities, searching for opportunities to reduce energy costs and improve operations.”

The smart building managed services opportunity unites building equipment vendors, software companies, and real estate/property management companies in unprecedented ways.  Indeed, very few players in the current smart building managed services market could be considered purely managed service providers. According to the report, some of the strongest competitors are the large building systems equipment manufacturers, including Johnson Controls, Siemens, and Schneider Electric, which provide a wide variety of products and services in many different areas.  Two more focused companies, Ecova and Pacific Controls, have developed significant technology offerings with a targeted, service-oriented approach.

The report, “Smart Building Managed Services”, examines the global smart building managed services market trends, along with opportunities and challenges, business strategies, and key industry players.  The report examines the technology issues in the smart building managed services market and includes profiles of 18 vendors.  Market forecasts include total market growth from 2012 through 2020, market share and growth rate comparisons, and projections for five world regions.  An Executive Summary of the report is available for free download on the Pike Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Smart Building Managed Services,” 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.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Data Services

An interactive data visualization platform with online access to global forecasts spanning the energy, utility, transportation, and buildings industries.

More Information

Research News

Rss
2017 Sales of Plug-In Electric Vehicles in North America Expected to Be 50% Greater than in 2016
Broader geographic spread of plug-in electric vehicles will occur as cheaper options emerge and as…
Read More »
SMA and Solar-Log Are the Leading Vendors of Solar Monitoring and Home Energy Management Systems
A surge of market entrants means more competition and opportunities for better offerings through partnerships…
Read More »
The Transportation Segment is Expected to Accelerate Power-to-Gas Demand
Power-to-gas business models are reaching an inflection point, thanks to improving electrolyzer technology and falling…
Read More »
View All News

{"userID":"","pageName":"Smart Building Managed Services Spending to Surpass $1 Billion by 2020","path":"\/newsroom\/smart-building-managed-services-spending-to-surpass-1-billion-by-2020","date":"9\/25\/2017"}