The Continental Automated Buildings Association (CABA) recently released the Executive Summary of its Intelligent Building Energy Management Systems Landmark Research Project, providing a detailed exploration of the current state of the market. Energy management strategies are critical, given that approximately 25-30 percent of energy consumed in buildings is wasted. The report provides valuable insights and data that reveal how intelligent-building ecosystem participants need to come together and collaborate on energy management best practices.
This research, completed by CABA member Harbor Research, examines how use cases, customer environments, buying behaviors, and ecosystem interactions all impact and influence the development of the intelligent building energy management systems (IBEMS) market. With growing consolidation and evolution in that market, players across the intelligent building ecosystem have the opportunity to unlock new, higher-margin energy streams from emerging services and analytics, the research found.
“Integrated energy intelligence is at the heart of smart building management, automation and control, and this research takes a comprehensive look at the current opportunities and challenges confronting market participants,” said Ron Zimmer, President & CEO of CABA. “This study is also highly relevant because it focuses on the current state and future development of the technologies at a time when electricity suppliers and the built environment were scrambling to respond to radically different demand patterns during the COVID-19 pandemic,” Ron Zimmer added.
Click here to check out the report’s 25-page Executive Summary.