Navigant Research Expects Revenue for Utility-Offered IoT Intelligent Building Value-Added Services to Reach up to $1.2 Billion in North America in 2026

Creating new value-added services for commercial customers around
IoT will help utilities bridge the gap as the industry undergoes
transformation toward the Energy Cloud, report finds

BOULDER, Colo.–(BUSINESS WIRE)–#Energy–A new report from Navigant
Research examines how value-added services relying on the Internet
of Things (IoT) could compete in the overall intelligent buildings
market, analyzing the dynamics that are shaping the opportunity for
commercial customers.

The IoT is setting the stage for a dramatic rise in energy management
capabilities on the customer side of the meter in commercial buildings.
Most investments are happening independent of utility programs and
represent a new set of opportunities and threats to the traditional
regulated utility model, but forward-thinking utilities can still take
advantage of the demand for IoT intelligent building technologies and
services. Click
to tweet: According to a new report from @NavigantRSRCH,
By 2026, the North American market for utility-offered IoT intelligent
building value-added services is expected to grow to an estimated $135
million in revenue under a conservative scenario, or up to $1.2 billion
under an aggressive scenario.

“It is not too late for regulated utilities in North America to compete
for a share of the IoT intelligent buildings market,” says Casey Talon,
principal research analyst at Navigant Research. “Creating new
value-added services for commercial customers around IoT will help
utilities bridge the gap as the industry undergoes transformation toward
the Energy Cloud with innovative offerings that amplify customer
engagement and satisfaction.”

For utilities to be successful in this space, they will need to develop
non-energy benefits that align with the in-demand applications in the
broader intelligent buildings market, according to the report. Examples
could include operational efficiency, space utilization, physical
security, or healthy buildings.

The report, Intelligent
Building Technologies for Value-Added Services, presents an
analysis of how IoT value-added services could compete in the overall
intelligent buildings market. The study examines the market dynamics
shaping the opportunity for IoT value-added services for commercial
customers. Market forecasts through 2026 for IoT value-added services in
North America are presented in three scenarios: conservative, moderate,
and aggressive. The report also examines the underlying technologies
related to IoT for commercial customers, as well as the IoT intelligent
buildings value chain. 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, Intelligent Building Technologies for Value-Added Services,
is a summary and reflects Navigant Research’s current expectations based
on market data and trend analysis. Market predictions and expectations
are inherently uncertain and actual results may differ materially from
those contained in this press release or the report. Please refer to the
full report for a complete understanding of the assumptions underlying
the report’s conclusions and the methodologies used to create the
report. Neither Navigant Research nor Navigant undertakes any obligation
to update any of the information contained in this press release or the
report.

Contacts

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