Navigant Research Expects Global Revenue for Building Energy Management Systems to Exceed $13 Billion by 2026

The market is being fueled by the Internet of Things, cloud, and edge computing, report finds


BOULDER, Colo.--(BUSINESS WIRE)--#BEMS--A new report from Navigant Research analyzes the global market for building energy management systems (BEMSs), examining technology trends, and providing forecasts, segmented by region, offering type, and customer type, through 2026.

The BEMS market continues to evolve with an increasing focus on the value of data in commercial buildings. An array of combinations of software, services, and/or hardware can address specific market needs, while customer education on the value of BEMSs continues to drive the market forward. Click to tweet: According to a new report from @NavigantRSRCH, global BEMS market revenue is expected to grow from $4.0 billion in 2017 to $13.1 billion by 2026.

“In addition to increased customer education, the BEMSs market is being fueled by a few technology trends: the Internet of Things, and cloud and edge computing,” says Christina Jung, research analyst at Navigant Research. “These trends are expediting BEMS investments that address pain points for commercial customers.”

BEMS solutions vary in levels of integration and functional complexity, and each offering is progressively more integrated and connected than its predecessor, according to the report. Data collected and analyzed from building systems can be integrated into a larger enterprise system, which can inform IoT use cases such as occupancy data for space utilization, location data for behavior analytics in the retail sector, security and access control via smartphone applications, and more.

The report, Market Data: Building Energy Management Systems, analyzes the markets for energy efficient building technologies in Western and Eastern Europe. The study focuses on seven product types (HVAC, lighting, building controls, water efficiency, water heating, building envelope, and other) and two service types (commissioning and installation). Market forecasts, which are also segmented by eight commercial building types and by new construction and retrofit spending, extend through 2026. The report also provides an analysis of the market dynamics, including market drivers and hurdles, opportunities, and unique programs that are helping to extend and broaden commercial building efficiency throughout Europe. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Market Data: Building Energy Management Systems, analyzes the global market for BEMSs with a focus on four different functionalities: visualization and reporting; fault detection and diagnostics; predictive maintenance and advisory optimization; and optimization and automation. The report examines the current state of the market, including technology trends, and provides insight into the future direction of BEMSs. Global market forecasts, segmented by region, offering type, and customer type, extend through 2026. The report also analyzes variations in the adoption of BEMSs across geographies and customer segments.


Contacts

Navigant Research
Lindsay Funicello-Paul, +1-781-270-8456
[email protected]