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Building Energy Management Systems

What is the definition of a building energy management system (BEMS)?

The global market for building energy management systems (BEMSs) continues to grow as technologies reach maturity and customers gain understanding of the business value generated by investment. Across customer segments, the economic impacts of BEMSs continue to dominate the decision-making process. As the cost of supplemental monitoring and control devices continues to decrease, BEMSs are becoming more cost-effective options for a broader set of customers. Furthermore, these systems generate complementary strategic benefits such as greenhouse gas reductions and sustainability improvements that help support the investment decision.

The market landscape continues to evolve as trends such as corporate awareness of the Internet of Things (IoT) and demand for data-driven decision support tools facilitate the adoption of BEMSs. These systems support customer needs with offerings in four categories: visualization and reporting, fault detection and diagnostics, predictive maintenance and continuous improvement, and optimization. Solutions may span across these offering categories or provide tools for one specific offering, and they vary in technology maturity based on functionality and integration. This variability in solution design and functionality reflects the newness of the market and diverse customer needs. According to Navigant Research, the global BEMS market is expected to reach $2.4 billion in 2015 and grow to $10.8 billion by 2024.

#GuardianEngineering #GuardianGreen #GuardianEnergyManagement #Guardian

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