Frost Radar in the Global Building Energy Management Systems (BEMS) Market

Frost Radar in the Global Building Energy Management Systems (BEMS) Market

A Measurement System to Spark Companies 2 Action (C2A)—Innovation That Fuels New Deal Flow and Growth Pipelines

RELEASE DATE
26-Mar-2019
REGION
North America
Research Code: ME7B-01-00-00-00
SKU: EN01120-NA-MR_22998

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Description

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

  • Who are the Visionaries, Disruptors, Agitators, and Contenders?
  • What are their innovative offerings?
  • What are their strengths and opportunities for the future?
  • At what rate is each company growing?
  • What is the rationale behind each company's position in the radar?

Author: Anirudh Bhaskaran

Table of Contents

Industry Overview

The Frost Radar

Frost Radar—Description of Companies Plotted

Frost Radar—Description of Companies Plotted (continued)

Frost Radar—Description of Companies Plotted (continued)

Frost Radar—Description of Companies Plotted (continued)

Frost Radar—Description of Companies Plotted (continued)

Abundant Power

Azbil Corporation

Bhargest Building Performance (BBP)

BuildingIQ

C3IoT

Cylon Controls

Daikin Applied

Current by GE

Dexma

Distech Controls

EcoEnergy Insights

Ecolibrium Energy

Ecorithm

Enel X

Engie Insight

Envizi

Grid Point

Gridium

Honeywell

Johnson Controls

Kieback & Peter

Lucid

Optimum Energy

Sauter Controls

Schneider Electric

Siemens

Solar-Log™

Switch Automation

Verdigris

Wattics

Wegowise

The Last Word—Key Takeaways

Legal Disclaimer

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform

Frost Radar—2 Major Indices, 10 Analytical Ingredients, 1 Platform (continued)

Frost Radar—C2A

Related Research
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.--BEGIN PROMO--

Key Issues Addressed

  • Who are the Visionaries, Disruptors, Agitators, and Contenders?
  • What are their innovative offerings?
  • What are their strengths and opportunities for the future?
  • At what rate is each company growing?
  • What is the rationale behind each company's position in the radar?

Author: Anirudh Bhaskaran

More Information
No Index No
Podcast No
Author Anirudh Bhaskaran
Industries Environment
WIP Number ME7B-01-00-00-00
Is Prebook No
GPS Codes 9343-A4,9B07-C1,GETE