A new white paper from Navigant Research analyzes survey results from 202 respondents on the proliferation of energy efficient and intelligent building technologies in the commercial segment, providing insight into the customer point of view.
The proliferation of sensing, automation, and control devices, as well as software and services, underscores the transition in commercial building management toward more strategic decision-making around cost containment, energy efficiency, sustainability, and occupant satisfaction. These technologies are also driving the importance of Building2Grid, a concept offering the potential to unlock two-way power flows and bundle non-energy related services in commercial buildings. According to a new report from Navigant Research, energy efficient and intelligent building technologies and services are foundational to setting the stage for the Building2Grid concept.
“Market transformation starts with innovators, including early mover customers that have a vision for business evolution and the willingness to invest to kick-start change,” says Casey Talon, principal research analyst with Navigant Research. “Customers are still solidifying the business case for investment in advanced commercial building management technologies, but substantial increases in spending suggest there is momentum in the market toward greater commitment into the mid-term.”
To take advantage of business opportunities developing with the Energy Cloud, building owners and facility executives must manage energy efficient equipment within the facility through automation and control technologies that are directed by sophisticated software analytics and services. According to the report, a large and diverse landscape of vendors shows early adopters are investing in and benefiting from intelligent building and energy efficient technologies, however, in order to see market transformation become a reality, there needs to be broad market penetration of these solutions.
The white paper, 2016 Intelligent Buildings Survey, provides insight into the customer point of view on the proliferation of energy efficient and intelligent building technologies in the commercial segment. During the summer of 2016, Navigant Research and Building Operating Management magazine gathered insights on investment and market outlook from 202 respondents, with over two-thirds representing facilities management/building operations. These corporate decision makers provide a customer point of view across the spectrum of building management. One-third of these respondents report responsibility for managing mixed portfolios of large and small buildings and just under a third manage large individual buildings. An Executive Summary of the white paper is available for free download on the Navigant Research website.
Also see Navigant Research press release “Commercial Building Automation Product and Services Revenue is Expected to Exceed $102 Billion in 2025.”
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, 2016 Intelligent Buildings Survey, 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.
