commercial buildings Energy Manage

Low Cost IoT Solutions, Data Driven Analytics to Propel Energy Mgmt Market

commercial buildings Energy ManageSmart building solutions are a growing focus for companies as technology innovations create significant changes across the energy management industry landscape, according to a report from Research and Markets. Modular, low-cost IoT solutions will win in the short- to medium-term, while data-driven analytics will continue to propel the energy management market forward.

The growth of smart building solutions is being driven by technology advancements such as big data and the Internet of Things, or IoT (technology possibilities created by all the millions of sensors that are producing data on the nation’s energy infrastructure), and building owners are increasingly looking for ways to incorporate IoT elements into their smart buildings, according to an article in The News (https://www.energymanagertoday.com/iot-emerges-early-adopter-phase-0114541/). Building owners are also asking how to leverage the data in their buildings to help them make better, more impactful decisions that lead to energy savings.

In addition to established technology companies, new participants and startups are increasingly turning their attention to smart building solutions. The Research and Markets report identifies and profiles 12 new and emerging participants that are transforming the energy management industry: Building IQ, Cozify, ecobee, Ecowatt, Energent, Enphase, Envizi, HCL Technologies, Intel, Lucid, SkyFoundry, and Smappee.

Products from companies such as Cozify, Smappee, and Ecowatt will simplify and revolutionize home energy management for improved living conditions, the report says.

Earlier this month, millionaire Tom Siebel announced the formation of the Siebel Energy Institute with an investment of $10 million to investigate the IoT.

eBook: Driving Visibility and Harmonization in EHS Practices
Sponsored By: Sphera Solutions

  
Planning for a Sustainable Future
Sponsored By: Dakota Software

  
Choosing the Correct Emission Control Technology
Sponsored By: Anguil Environmental Systems

  
The Hidden Costs of Air Compressor Operation
Sponsored By: FS-Elliott

  

One thought on “Low Cost IoT Solutions, Data Driven Analytics to Propel Energy Mgmt Market

  1. A critical factor for success will be open, platforms for rapid application deployment that deliver integration, control and analytics with one common and familiar tool for the entire IoT stack. Running analytics and driving closed-loop optimization strategies at the local (device) level and the enterprise (cloud) level will deliver the maximize value in energy efficiency.

Leave a Comment

User Name :
Password :
 
If you've no account register here first time
User Name :
User Email :
Password :

Login Now