by Rebecca Walker — April 11, 2011—Commercial and residential buildings are the largest consumers of electricity in the United States, representing nearly two-thirds of all electricity used. As property owners and managers look for ways to reduce their energy expenditures and environmental impact through efficiency measures, they are increasingly adopting “smart building” technologies including automation and controls, high-efficiency systems and equipment, and a broadening array of energy management services.
These enhancements are being unified in Building Energy Management Systems (BEMS), which are information technology (IT)-based hardware and software systems being employed in a holistic approach to optimize the efficiency of buildings’ energy consumption. According to a recent report from Pike Research, the BEMS market holds significant opportunity for growth in the next few years, and the firm forecasts that investment in the sector will total $10.1 billion in the U.S. during the period between 2010 and 2016, with a compound annual growth rate (CAGR) of 17.4%.
Pike Research’s report, Building Energy Management Systems, analyzes the market opportunity for BEMS in commercial buildings throughout the United States.
The report provides a detailed study of the market drivers, barriers, and industry dynamics in today’s market, along with three scenarios for future growth.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. For more information, see the Web site.
