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The Convergence of Technology and Competition Will Drive Next-generation Solutions
With high energy prices and an increasing focus on sustainability, the building energy management (BEM) industry is increasingly deploying innovative and intelligent technology to optimise energy usage and enhance the efficiency of buildings and companies. This market insight explores the transformation of the BEM industry in the context of the 5 most influential trends affecting the sector today, namely, new business models and the role of FM companies in service delivery; energy efficiency regulations and legislation; advancements in software and data analytics; advancements in control and automation technology; and convergence of BEM into overall business efficiency.
1 Innovative suppliers are transforming their value propositions to introduce BEMS, not only for energy efficiency but also total business efficiency.
2 Advancement in software and data analytics is focusing on the ease of data interpretation and truly actionable data to manage the performance of buildings.
3 New business models, especially service and performance contracting, are attracting new and emerging participants towards better energy management.
4 Legislation and regulations continue to be seen as vital transformational factor, suggesting that customers’ decisions are still guided by external stimulus.
5 Advancements in control and automation technology remain important but are no longer seen as the key transformational factor for the BEMS market of future.
CEO’s 360 Degree Perspectives on Stakeholder Opinions in the Building Energy Management Solutions (BEMS) Industry
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