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Cloud-Based Solutions Offers New Ways for Buildings to Boost Energy Efficiency
By: PR Newswire
Dec. 18, 2012 04:48 PM
FARMINGTON, Conn., Dec. 18, 2012 /PRNewswire-iReach/ -- Redefining the way we use data, cloud computing has benefited enterprise and industry alike. As cloud-based technology moves into the realm of building energy management (BEMS) incorporating new dimensions to make buildings more energy-efficient, the market for BEMS will witness a complete shift. Innovative cloud-based solutions are slowly finding acceptance among different global markets for BEMS by offering an economically viable solution to small and medium-sized consumers who are unwilling to install high-cost software. The cloud BEMS market has significant future prospects, but will see its penetration restricted to only a few segments of the market, notably the commercial and industrial sectors. The cloud BEMS market and the Software-as-a-Service (SaaS) market will be helpful for commercial establishments that need to monitor the energy consumption of multiple outlets and compare their performance.
Building Energy Management System (BEMS) - Global Market Size, Market Share and Competitive Landscape Analysis to 2020
The global market for Building Energy Management Systems (BEMS) will grow at a gradual pace over the forecast period, though it will see signs of slowing down of market growth in North America and Europe during the latter half of 2011-2020. The global BEMS market will grow at a CAGR of 8.9% during the 2011-2020 period, driven mostly by the emergence of the markets of Asia-Pacific and Eastern Europe. The markets in Europe and North America will be driven mostly by regional targets for energy-efficiency and reductions in the cost of energy consumption. In Asia-Pacific, it will be quite some time before the level of awareness about energy-efficiency among building operators and owners in this region matches that of operators in the Western nations.
Services for the installation, design and engineering of BEMS account for the largest share of the global market. This is largely attributed to the dominance of the large building sector in the BEMS market, which requires services to install energy management systems. The service market for BEMS accounted for 50% of global revenues in 2011 and is not expected to undergo any major changes during 2012-2020. The service market has seen the emergence of system integrators who play a key role in helping building owners and managers decide the selection of BEMS equipment to meet their requirements.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/infi245872-global-carbon-management-software-services-market.html
With the growing focus on reducing greenhouse gases and increasing the role of clean generation sources, renewable power generation is likely to witness robust growth. Between 2005 and 2011, the total renewable installed capacity of the seven emerging countries covered in this report increased at a CAGR of 37.6% and was estimated at 101.3 GW in 2011. BRIC nations (Brazil, Russia, India and China) accounted for 94.5% of the total installed renewable capacity of the seven emerging nations. China accounted for the largest share with 67.4% of the renewable capacity out of the seven emerging countries in 2011.
The combined renewable capacity is expected to grow at a CAGR of 14.1% from 126.5 GW in 2012 to 403.2 GW in 2020. This high growth is mainly driven by the large renewable capacity addition expected in India and China.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/gd257213-power-markets-emerging-economies-market-outlook.html
Going green has become popular, not only among regulators and governments, but also in the consumer world. People around the globe are becoming increasingly aware of their environment and personal health and also want to do their part to lower GHG emissions and reduce the use of natural resources.
In 2012, the total global energy efficiency market totaled a hefty $595.45 billion. Although growth slipped a bit during the global recession of 2008-2009, business has picked back up and many market segments are now thriving. The future of the global EE market remains bright, as some segments enjoy especially prosperous growth. Smart meters are projected to experience a near 732.9% hike between 2012 and 2023, while EE appliances are expected to grow nearly 574% in the same time period.
This report identifies significant trends and factors (such as the regulatory scene, new technologies, employment opportunities and economic drivers and challenges), which affect the size and direction of market growth around the world. Profiles of 15 major - or particularly interesting - companies involved in the industry are also included in this report.
An Executive Summary for this report and free sample pages from the full document are available at http://www.giiresearch.com/report/sbi256970-energy-efficiency-global-products-services-markets.html
About Global Information Inc. Global Information (GII) (http://www.giiresearch.com) is an information service company partnering with over 300 research companies around the world. Global Information has been in the business of distributing technical and market research for more than 25 years. Expanded from its original headquarters in Japan, Global Information now has offices in Korea, Taiwan, Singapore, Europe and the United States.Media Contact:
Jeremy Palaia Global Information, Inc., 1-860-674-8796, Press@gii.co.jp
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Global Information, Inc.
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