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Building Energy Management Systems Will Reach $5.6 Billion in Annual Revenue by 2020, Forecasts Navigant Research



  Building Energy Management Systems Will Reach $5.6 Billion in Annual Revenue
  by 2020, Forecasts Navigant Research

Business Wire

BOULDER, Colo. -- August 7, 2013

The market for building energy management systems (BEMSs) continues to grow,
driven by technology advances as well as a growing familiarity among customers
with the benefits that BEMs provide. A number of new and existing companies
are developing software-based platforms to help customers squeeze
cost-reducing energy efficiency and operational benefits out of their building
portfolios. According to a new report from Navigant Research, worldwide
revenue for BEMSs will reach $5.6 billion annually by 2020, more than doubling
from the 2013 level.

“Building energy management systems represent one of the fastest-growing and
most promising waves of innovation ever to occur in the building industry,”
says Eric Bloom, senior research analyst with Navigant Research. “Among end
users, awareness is growing that BEMSs can help companies not only reduce
their energy consumption, but also improve the operational performance of
facilities and gain insight into occupancy trends in their buildings
worldwide.”

While many BEMS vendors have developed platforms with commercial and
government customers in mind, the utility sector is playing an increasingly
important role in the BEMS market, according to the report. Utilities face a
growing number of regulations, such as energy efficiency resource standards in
the United States, that require them to play a proactive role in reducing the
energy consumption of their customer base. A BEMS deployed by a utility to its
customers provides energy efficiency gains that utilities can claim in
compliance with such regulations.

The report, “Building Energy Management Systems”, examines the global market
for BEMSs, including hardware, software, and service components. The report
details the current state of the market, and provides insight into the future
direction of the technology based on emerging capabilities, technical
feasibility, and consumer demand. Forecasts for the global BEMS market, broken
down by customer segment, product area, and region, extend through 2020, and
key industry players are profiled in depth. 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 Smart Energy, Smart Utilities,
Smart Transportation, Smart Industry, and Smart Buildings sectors. Additional
information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated
to assisting clients in creating and protecting value in the face of critical
business risks and opportunities. Through senior level engagement with
clients, Navigant professionals combine technical expertise in Disputes and
Investigations, Economics, Financial Advisory and Management Consulting, with
business pragmatism in the highly regulated Construction, Energy, Financial
Services and Healthcare industries to support clients in addressing their most
critical business needs. More information about Navigant can be found at
www.navigant.com.

* The information contained in this press release concerning the report,
“Building Energy Management Systems,” 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.

Contact:

Navigant Research
Richard Martin, +1-303-493-5483
richard.martin@navigant.com
or
Laverne Murach, +1-202-481-7336
laverne.murach@navigant.com
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