According to Pike Research, the challenging business and economic environment of recent years has spurred governments, building owners, building tenants, and companies in general to get friendly with the concept of efficiency, creating big opportunities for companies in the Building Energy Management System (BEMS) market. But, interestingly enough, those companies are increasingly turning away from marketing directly to building managers, and more toward partnerships with utilities.
In the cleantech analysis firm’s recent report, “Building Energy Management Systems,” the operative word is “data”: Building control and automation systems are enabling access to ever increasing amounts of data, and this data is creating significant opportunities not only for building owners and facilities managers, but also for the utilities that stand to benefit from transforming all that messy data into usable information.
“There’s been a shift in focus in the BEMS industry toward the utility sector, as budgets for utility demand side management (DSM) programs are expected to grow at double-digit rates through 2015,” said Pike senior analyst Eric Bloom, in a statement. He goes on to note that recent mergers and acquisitions by energy management software providers signal this trend, as does the fact that other companies — driven by an increasingly stringent regulatory environment for DSM — have entirely shifted their strategy toward BEMS for utilities.
The report takes a look at the global market for BEMS hardware, software, and services — along with trends in new product offerings, new technologies, business models and business strategies, and key industry players — offering market forecasts for total revenue growth in this sector from 2011 through 2020, as well as segmentation for seven global regions.
It finds, overall, that worldwide revenue from BEMS will increase at a compound annual growth rate of nearly 14% through the remainder of the decade, reaching just under $6 billion a year by 2020. North America, currently largest market for these systems, will lose market share by a slight margin but continue to lead the world. Western Europe, currently the next in line, will hand that position over to China by 2020.
A free sample of the report is available online.