North American Energy Management for Integrated Data Centers Revenue is Expected to Reach $119.7 Million in 2024, According to Navigant Research
The utilization of intelligent building solutions across facility
and IT systems will only increase over time, report finds
A recent report from Navigant
Research examines the market for integrated data center energy
management, focusing on software and services and building equipment and
systems, with global market forecasts through 2025.
The integrated data center energy management market is expected to
emerge first within campus environments and large facilities with
significant data center resources onsite. Customers responsible for
these larger facility environments are expected to be the first movers
in leveraging software and services and investing in building retrofits
as a part of an integrated energy management strategy. Click
to tweet: According to a recent report from @NavigantRSRCH,
North American energy management for integrated data centers revenue is
expected to reach $119.7 million in 2024.
“The promise of the intelligent building is centered on fully integrated
energy management enabled by software, services, and advanced automation
and control technologies,” says Casey Talon, principal research analyst
with Navigant Research. “More specifically, the evolution of a
traditional facility into this intelligent building framework relies on
collaboration across customer teams.”
The vast majority of revenue associated with energy management for
integrated data centers is expected to stem from customer investment in
software and services, according to the report. This offering type is
expected to account for approximately 90 percent of the market through
the ten-year forecast period.
The report, Integrated
Data Center Energy Management, assesses the future market for
integrated data center energy management, with a focus on two segments:
software and services and building equipment and systems. The study
details the opportunity for energy management for integrated data
centers and provides insight into key drivers, barriers, and other
relevant market dynamics. Forecasts for the integrated data center
energy management market in North America, segmented by offering type
and sector, extend through 2025. The report also examines the key
technologies related to energy management for integrated data centers,
as well as the competitive landscape. 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, Integrated Data Center Energy Management, 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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