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Pike: Big Investments for Commercial Building Energy Management Systems Coming
Nov 21, 2009 (Close-Up Media via COMTEX) --
Pike Research reported that commercial buildings in the United States are responsible for 18 percent of the country's total energy consumption, and as such they represent one of the largest opportunities for energy efficiency improvements and reduction in carbon emissions.
According to a new report from Pike Research, the increasing application of information technology (IT) to the commercial building sector, together with changes in perception regarding energy as an asset, will drive a cumulative investment of $67.6 billion in Energy Management Systems (EMS) during the period from 2010 to 2020. By 2020, the cleantech market intelligence firm forecasts that annual EMS revenues in the U.S. will reach $6.8 billion.
Managing director Clint Wheelock said, "Energy is increasingly viewed by businesses as a critical asset to be managed, whereas previously it was seen merely as a cost of doing business. This shift in thinking is further driven by a greater focus on social responsibility, carbon accounting, and the triple bottom line."
Wheelock adds that the EMS market comprises three key categories: energy efficiency improvements, advanced building management systems, and commercial demand response programs.
Pike Research anticipates that the Institutional market, which includes healthcare, education, and public safety buildings, will be the largest segment for EMS with $17.7 billion in investment by 2020. Other key segments include Office buildings ($14.9 billion) and Retail buildings ($11.3 billion).
Pike Research's study, "Energy Management Systems for Commercial Buildings," analyzes the emerging market for commercial building EMS in depth. Based on extensive supply-side and demand-side analysis, the report provides a comprehensive examination of business models, market drivers, technology issues, and the competitive landscape. It also includes detailed market forecasts through 2020 along with profiles of key industry players. An Executive Summary of the report is available for free download on the firm's website.
Pike Research is a market research and consulting firm that provides in-depth analysis of clean technology markets.
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