Energy Manager

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Smart building managed services spending to exceed $1B by 2020

October 31, 2012 - In an attempt to reduce energy usage and operating costs, has your facility installed a building energy management system (BEMS)?


October 31, 2012
By Alyssa Dalton

“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,” explained Pike Research. Consequently, smart building managed services are growing in demand and popularity as a means of solving these and other building energy management market issues, it added.

According to a new report from Pike Research, worldwide spending on these outsourced services—which include data acquisition, data analytics, and building maintenance contracts—will grow from $291 million in 2012 to $1.1 billion by 2020.

The report, Smart Building Managed Services, found the smart building managed services opportunity unites building equipment vendors, software companies, and real estate/property management companies in unprecedented ways.

“As the need for sophisticated building energy management systems grows worldwide, so will the need for simpler, turnkey solutions that unlock energy efficiency,” said 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.”

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The report analyzes the global smart building managed services market trends, opportunities and challenges, business strategies, and key industry players, including profiles of 18 vendors.