Global spending on BEMS for utility customers to near $320M by 2020
February 28, 2012 - A new report from Pike Research predicted global spending on building energy management systems (BEMS) for utility customers would reach $319 million worldwide by 2020—largely as a result of utilities looking to boost the effectiveness of their energy efficiency and demand-side management programs, better understand customer energy use patterns, and engage multiple segments of their commercial client base with new money-saving programs.
By Alyssa Dalton
At the same time, commercial energy management vendors are finding that these technologies can help them gain access to large new customer bases that were previously cost-prohibitive to access, continued the report, titled Building Energy Management Systems for Utility Customers.
The report examines the growing BEMS market for utility customers, with a focus on the inroads that utilities and commercial building energy management vendors are making as they partner with each other on innovative new programs, products, and services.
“The market for BEMS for utility customers is still nascent, with most of the leading activity being driven by utilities in the United States and Canada,” said senior research analyst Eric Bloom. “On the vendor side, the BEMS market is made up of large, well-established players as well as smaller, more nimble companies that have the ability to disrupt the market dynamics with innovative technical solutions and pricing models. Other formidable market entrants include large IT firms, which offer expertise in handling enterprise-level integration and large volumes of data.”
The capabilities of BEMS solutions vary widely, according to the report. While active systems can control all or portions of the building’s infrastructure systems, passive BEMS perform a monitoring and analysis function only, it stated, adding that some systems require connection to a host of meters and building systems for their data, while others require no touch at all and can be implemented remotely, without ever visiting the structure.