Cloud-Based Services Are Transforming Building Energy Management, According to Pike Research

BOULDER, Colo.--(BUSINESS WIRE)--Technologies that make buildings smarter and more energy efficient continue to evolve at a rapid pace, with new entrants and solutions announced every week. Many of the new products and services center on the big data that buildings produce in real time. Buildings have been producing volumes of information for many years, but today, according to a new white paper from Pike Research, many companies are starting to leverage the cloud as the basis for rich software-as-a-service (SaaS) offerings.

“Buildings are becoming smarter through the deployment of intelligent and energy efficient technologies that reduce energy consumption while making buildings easier to manage and operate”

Virtually every leading name in the building services industry has recently launched some form of building energy management system that hosts and manages building data in the cloud, the cleantech market intelligence firm finds. The white paper, which includes 10 key trends to watch in the smart building market in 2012 and beyond, is available for free download on Pike Research’s website.

“Buildings are becoming smarter through the deployment of intelligent and energy efficient technologies that reduce energy consumption while making buildings easier to manage and operate,” says senior analyst Eric Bloom. “In addition, advances in software for building energy management systems (BEMS) as well as for building design (through building information modeling, or BIM) are making it easier to design and maintain high performance buildings. Going forward, many of these advances will find their way to the cloud, making them more accessible over a broader range of applications and geographies.”

Key smart building industry trends covered in Pike Research’s white paper include the following:

• Building energy management is reaching the cloud
• Co-opetition is on the rise in the building industry
• Targeted acquisitions will help key players deliver end-to-end monetized energy services
• Demand for smart building products in Asia Pacific will soar, driven largely by China
• U.S. energy service companies are turning to the federal sector
• Building communication protocols are converging in more ways than one
• Demand response (DR) is shifting into automatic
• Submeters are finding new opportunities in smarter buildings
• Building information modeling is transforming the design process
• The interface between smart buildings and the smart grid is blurring

Pike Research’s white paper, “Smart Buildings: Ten Trends to Watch in 2012 and Beyond”, provides insights and analysis on the key issues that will shape the smart buildings market in 2012 and beyond as the private and public sectors aim to increase energy efficiency, reduce exposure to volatile energy costs, and increase visibility into how their buildings operate in real time. Conclusions and predictions in this paper are drawn from a broad array of Pike Research reports, with market forecasts included for key sectors. A full copy of the white paper is available for free download on the firm’s website.

Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets. The company’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 Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors. For more information, visit www.pikeresearch.com or call +1.303.997.7609.