|[July 31, 2014]
Schneider Electric, Siemens Score Highest in Navigant Research Assessment of Building Energy Management Providers
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 (News - Alert) and Johnson Controls to specialized
control vendors and pure-play software startups, are now active in this
to tweet: According to a new Leaderboard report from Navigant
Research, Schneider Electric and Siemens (News - Alert) 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.
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
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.
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