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]