Frost Radar™: Artificial Intelligence (AI) and IoT-driven Building Energy Management, 2022

Frost Radar™: Artificial Intelligence (AI) and IoT-driven Building Energy Management, 2022

A Benchmarking System to Spark Companies to Action - Innovation that Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
07-Jun-2022
REGION
Global
Research Code: PD21-01-00-00-00
SKU: EN01319-GL-MR_26589
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Description

The COVID-19 pandemic provides a unique and unexpected opportunity to tackle climate change in line with economic recovery by prompting global nations to set aside one-third of the COVID-19 economic recovery package for investments in digitalization, climate neutrality, and clean energy transition.

Building energy management solutions powered by disruptive technologies such as artificial intelligence (AI), machine learning (ML), internet of things (IoT), and cloud-based analytics are proving to be intelligent, energy-efficient, and pragmatic for future deep energy renovation projects to drive operational efficiency and minimize costs.

Fault detection and diagnostics, predictive maintenance, and energy optimization are the key service components of an AI and IoT-driven building energy management solution. While the current adoption of future-proof services for building energy management is in the emerging phase,
Frost & Sullivan predicts the growth of these service components to accelerate in the 20% to 30% range over the next 5 to 7 years.

In an accelerated growth market with hundreds of global participants, including leading, emerging, and startup companies, Frost & Sullivan plotted the top 15 companies in this Frost Radar™ analysis that are truly differentiating, highly competitive, and best positioned to contribute toward the decarbonization and digitalization of buildings. The list includes ABB, Bosch, Brainbox AI, Daikin Applied, Danfoss (Leanheat), EcoEnergy Insights, Ecolibrium, GridPoint, Honeywell, Johnson Controls, Metron, Optimum Energy, Schneider Electric, Siemens, and Verdigris.

The Frost Radar™ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the
Frost Radar™ methodology. The document presents competitive profiles on each of the companies in the Frost Radar™ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes the established companies in an industry and benchmarks them across 10 criteria on the Frost Radar™, where the leading companies in the industry are then positioned.

Author: Anirudh Bhaskaran

Table of Contents

Strategic Imperative

Growth Environment

Frost Radar™: AI and IoT-driven Building Energy Management

Frost Radar™: Competitive Environment

ABB

Bosch

BrainBox AI

Danfoss (Leanheat)

Daikin Applied

EcoEnergy Insights

Ecolibrium

GridPoint

Honeywell

Johnson Controls (JCI)

Metron

Optimum Energy

Siemens

Schneider Electric

Verdigris

Strategic Insights

Significance of Being on the Frost Radar™

Frost Radar™ Empowers the CEO’s Growth Team

Frost Radar™ Empowers Investors

Frost Radar™ Empowers Customers

Frost Radar™ Empowers the Board of Directors

Frost Radar™: Benchmarking Future Growth Potential

Frost Radar™: Benchmarking Future Growth Potential

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Related Research
The COVID-19 pandemic provides a unique and unexpected opportunity to tackle climate change in line with economic recovery by prompting global nations to set aside one-third of the COVID-19 economic recovery package for investments in digitalization, climate neutrality, and clean energy transition. Building energy management solutions powered by disruptive technologies such as artificial intelligence (AI), machine learning (ML), internet of things (IoT), and cloud-based analytics are proving to be intelligent, energy-efficient, and pragmatic for future deep energy renovation projects to drive operational efficiency and minimize costs. Fault detection and diagnostics, predictive maintenance, and energy optimization are the key service components of an AI and IoT-driven building energy management solution. While the current adoption of future-proof services for building energy management is in the emerging phase, Frost & Sullivan predicts the growth of these service components to accelerate in the 20% to 30% range over the next 5 to 7 years. In an accelerated growth market with hundreds of global participants, including leading, emerging, and startup companies, Frost & Sullivan plotted the top 15 companies in this Frost Radarâ„¢ analysis that are truly differentiating, highly competitive, and best positioned to contribute toward the decarbonization and digitalization of buildings. The list includes ABB, Bosch, Brainbox AI, Daikin Applied, Danfoss (Leanheat), EcoEnergy Insights, Ecolibrium, GridPoint, Honeywell, Johnson Controls, Metron, Optimum Energy, Schneider Electric, Siemens, and Verdigris. The Frost Radarâ„¢ reveals the market positioning of companies in an industry using their Growth and Innovation scores as highlighted in the Frost Radarâ„¢ methodology. The document presents competitive profiles on each of the companies in the Frost Radarâ„¢ based on their strengths, opportunities, and a small discussion on their positioning. Frost & Sullivan analyzes the established companies in an industry and benchmarks them across 10 criteria on the Frost Radarâ„¢, where the leading companies in the industry are then positioned. Author: Anirudh Bhaskaran
More Information
Author Anirudh Bhaskaran
Industries Environment
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WIP Number PD21-01-00-00-00