THE BIG OPPORTUNITIES IN MANAGING BUILDING ENERGY

Building Energy Management Systems for Utility Customers; Market Opportunities and Challenges, Regulatory Issues, Key Technologies by Market Segment, Key Industry Players, and Global Market Forecasts

4Q 2012 (Pike Research/Navigant)

“Utilities around the world are facing unprecedented challenges and complexities…[G]enerating affordable and reliable electricity has been made significantly more complicated by increasing environmental and generation costs, rising demand, grid instability from renewables and electric vehicles, and increasingly stringent regulations on demand management, energy efficiency, and greenhouse gas emissions.

“Vendors of commercial building energy management systems (BEMS) are also facing business challenges in a rapidly evolving market landscape. New and innovative market entrants are competing with large and well-established energy companies and equipment manufacturers, information technology giants, and a host of other commercial energy management product and service providers.”

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“Forward-thinking utilities are looking toward BEMS technologies for solutions…Commercial BEMS offerings help utilities boost the effectiveness of their energy efficiency (EE) and demand-side management (DSM) programs, understand customer energy use patterns, and engage multiple segments of their commercial client base with new and innovative money-saving programs…

“…[C]ommercial energy management vendors…can gain access to large new customer bases that were previously cost-prohibitive…The market for BEMS for utility customers is nascent, with most of the leading activity being driven by utilities in the United States and Canada. Pike Research estimates that global spending will reach $41 million in 2012, growing at a robust compound annual growth rate (CAGR) of 29% through 2020, when the market will reach $319 million worldwide…”

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