BOULDER, Colo. -- (BUSINESS WIRE) -- The surge in demand for energy management technology has expanded, and heated up, the competitive landscape for building energy management systems (BEMSs) in recent years. More than 400 companies, from industry stalwarts such as Schneider Electric and Johnson Controls to specialized control vendors and pure-play software startups, are now active in this sector. Click to tweet: According to a new Leaderboard report from Navigant Research, Schneider Electric and Siemens now lead the BEMS market in terms of strategy and execution.
“The rise of BEMSs has enabled new levels of insight into and analysis of energy and operational data that was not possible just 5 years ago,” says Eric Bloom, principal research analyst with Navigant Research. “This intensely competitive market will more than double in size over the next 6 years, reaching $5.6 billion in annual market value by 2020.”
Known globally as a vendor of building control systems, Schneider Electric has leveraged its knowledge of individual building systems to provide much higher-level analytics capabilities in the last 5 years. Siemens, which has historically lagged behind other buildings industry stalwarts in the BEMS market, significantly accelerated its position through its acquisition of Pace Global Energy Services, a management software company and consultancy with a C-suite focus.
The “Navigant Research Leaderboard Report: Building Energy Management Systems” examines the strategy and execution of 14 leading players with BEMS platforms that provide enterprise-level energy management and sophisticated data analytics offerings. These BEMS vendors are rated on 10 criteria: vision, go-to-market strategy, partnership strategy, technology & solution portfolio, geographic coverage, user interface, breath/depth of applications, technology openness & interoperability, customer acquisition & partnerships, and scalability & staying power. Using Navigant Research’s proprietary Leaderboard methodology, vendors are profiled, rated, and ranked with the goal of providing industry participants with an objective assessment of these companies’ relative strengths and weaknesses in the growing BEMS market. 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 Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Navigant Research Leaderboard Report: Building Energy Management Systems,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Any reference to any specific commercial product, process, or service by trade name, trademark, manufacturer, or otherwise, does not necessarily constitute or imply an endorsement, recommendation, or favoring by Navigant. 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.