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A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines
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The Building Energy Management Systems (BEMS) is a globally evolving market that is poised for double-digit growth for the next 7 years. BEMS is primarily driven by the trend of high peak demand charges, customers’ commitment towards sustainability, energy efficiency regulations, state incentives for buildings to install energy management systems, the increasing energy efficiency contracts market, and increasing customer know-how about BEMS. The technologies that take the home and building technologies industry to the next phase of evolution—such as artificial intelligence, increasing Internet of Things (IoT)-enabled devices, data analytics, edge analytics, cloud solutions, and business model innovation—have also had a positive impact on the BEMS market. New BEMS entrants and emerging participants will change the market dynamics by adopting cutting-edge technologies into their products and by adopting customer-centric business models. Frost & Sullivan estimate that the BEMS market will reach $8,713.4 million by 2025, growing at a 12% CAGR. For this research, Frost & Sullivan used a unique and robust platform called Frost Radar to analyze the market and identify Companies to Action (C2A). We analyzed more than 100 companies that fall into the Frost & Sullivan definition of BEMS and narrowed this to 30 companies based on their growth indicators and recent innovations. Frost & Sullivan has evaluated and positioned these 30 companies based on 2 major indices, Growth and Innovation, with each index having 5 criteria. The companies are positioned on a radar format under 4 sections: Visionaries, Disruptors, Agitators, and Contenders. Companies that are positioned in the radar are: Azbil Corporation, Bhargest Building Performance, Building IQ, C3 IoT, Cylon, Daikin Applied, Current by GE, Distech Controls, EcoEnergy Insights, Ecolibrium, Ecorithm, Enel X, Engie, Envizi, Gridpoint, Gridium, Honeywell, Johnson Controls International, Kieback & Peter, Abundant Power, Lucid, Dexma, Optimum Energy, Sauter Controls, Schneider Electric, Siemens, Solar- Log, Switch Automation, Verdigris, Wattics, and Wegowise. 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 hundreds of companies in the industry and benchmarks them across 10 criteria on the Frost Radar, where the leading companies in the industry are then positioned. Industry leaders on both the Growth and Innovation indices are recognized as best practice recipients.
Key Issues Addressed
Author: Anirudh Bhaskaran
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