Building Energy Management System Revenue Is Expected to Total Nearly $55 Billion from 2015 to 2024, According to Navigant Research

A recent report from Navigant Research examines the major trends and market issues expected to shape the future of intelligent buildings in 2016 and beyond.

Changing customer demands, regulations and sustainability goals, and power regulation and resiliency concerns are leading building owners to realize that the guidelines they have traditionally used to assess their portfolios are changing. In 2016 and beyond, Navigant Research anticipates building owners and key decision makers will invest in an array of buildings solutions that embody the technology foundation of the Internet of Things (IoT) and cloud computing. Click to tweet: According to a recent report from @NavigantRSRCH, building energy management system revenue is expected to total nearly $55 billion from 2015 to 2024.

“The facilities industry must respond to an aging workforce, changing customer demands, and an evolving and more data-driven technology landscape,” says Casey Talon, principal research analyst with Navigant Research. “This growing familiarity with and reliance on information technologies opens the door to the adoption of intelligent building solutions.”

According to the report, in a concept that parallels that of cloud computing, Navigant research expects the once-linear framework of power generation and consumption to evolve into a more interactive network known as the Energy Cloud. This transition will redefine the relationship between buildings and the energy supply through the increased integration of distributed energy resources and building performance data.

The white paper, Intelligent Buildings: 10 Trends to Watch in 2016 and Beyond, presents the top 10 trends for the intelligent buildings market in 2016 and beyond. The report examines the major market issues driving investment in intelligent building solutions, as well as the business case and opportunities associated with various intelligent building solution areas, such as building energy management systems (BEMSs), intelligent lighting controls, and HVAC optimization. Each of the topics in this white paper is examined more deeply in research reports from Navigant Research’s Building Innovations Research Service and ongoing research. 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 Buildings: 10 Trends to Watch in 2016 and Beyond, 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.

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