Verdantix: US Energy Management Market $16.5 Billion in 2017
Expenditure in the US market by firms with more than $1 billion in revenues across six energy management initiatives will grow from $13.1 billion in 2012 to $16.5 billion in 2017, according to analysis by Verdantix.
Compound annual growth rates for expenditure across the six energy management initiatives of office energy management, IT/telecoms energy management, retail/chain energy management, industrial energy management, on-site renewable energy, and energy management systems – will vary from 4 percent to 8 percent over the five year forecast period, according to US Energy Management Spend 2012-2017.
Industrial energy management will represent 31 percent of the market in 2013 – more than any other management initiative. Office energy management will account for 27 percent of the 2013 spend, while Retail/chain management will represent 22 percent of 2013 spend, the analysis says.
In 2013 the sectors with the highest levels of investment in energy management will be retail, technology, banks, oil and gas, and utilities, the analysis says.
According to a study released by Verdantix in January, CA Technologies, CarbonSystems, IBM, Schneider Electric and Verisae lead the global market for energy management software.
New corporate energy strategies from large firms such as AT&T, Google and Ikea have increased demand for enterprise-wide energy data aggregation, powerful reporting and analysis tools, says Janet Lin, Verdantix senior manager and co-head of Energy Practice.
According to the study, which is titled Green Quadrant Energy Management Software (Global) 2013 , CA Technologies, CarbonSystems, IBM, Schneider Electric and Verisae have established themselves as the market-leading providers because of the breadth of their energy management functionality, proven integration with a wide range of meters and controls, utility bill management, deep energy and industry domain credentials, established enterprise-scale customer bases and partnerships with systems integrators and consultants.
A separate Verdantix global survey of 250 energy managers found that Microsoft, Oracle, IBM and Johnson Controls have the highest brand recognition for their energy software despite Microsoft and Oracle not having energy management applications.
- The World Resources Institute Scope 2 Guidance: A Verifier’s Perspective
- How the IoT is Reshaping Building Automation
- Planning for a Sustainable Future
- 6 for 2016: Global Energy Market Trends
- Addressing Regulatory Trends with UVC LED-based Sensors
- Building Energy Benchmarking & Transparency Laws
- Choosing the Correct Emission Control Technology
- Beyond Compliance: Applying a Risk Lens to Your EHS Practice
- Just the Facts: 8 Popular Misconceptions about LEDs & Controls
- 10 Tactics of Successful Energy Managers