BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research examines the current state of the global market for healthcare energy management systems (EMSs) and technologies, including global market forecasts for revenue, segmented by offering type, building type, and region, through 2024.
Due to an increase in global policies promoting energy efficiency and skyrocketing healthcare costs, governments and organizations are examining the adoption of new technologies to monitor and control the energy use of healthcare spaces. This demand for greater control is being realized through the use of EMSs, as well as through software as a service (SaaS) applications that help optimize existing facility equipment while avoiding high upfront costs. Click to tweet: According to a recent report from Navigant Research, energy management revenue for healthcare markets is expected to reach $2.2 billion by 2024.
“The average hospital uses 2.5 times the energy as other commercial buildings,” says Casey Talon, senior research analyst with Navigant Research. “And while 24/7 operation for some healthcare spaces is critical, EMSs have shown success in scaling back non-critical operations and generating savings.”
Following disasters such as Hurricane Katrina and Hurricane Sandy, resilience concerns have become a growing factor in introducing EMS technology to healthcare facilities, according to the report. Above all else, hospitals are concerned with saving lives, and having a reliable, resilient power supply to allow for continued operations in the event of a utility outage is expected to become increasingly crucial over the next decade.
The report, Energy Management for Healthcare Markets, examines the current state of the global market for healthcare EMSs and technologies. The study summarizes the market drivers and barriers for advanced HVAC controls, lighting controls, building energy management systems (BEMSs), and microgrid software across the policy and technology landscape in five regions. Global market forecasts for revenue, segmented by offering type, building type (inpatient vs. outpatient), and region, extend through 2024. The report also examines the key technologies related to healthcare EMSs, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’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 Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is an independent specialized, global professional services firm that combines deep industry knowledge with technical expertise to enable companies to defend, protect and create value. With a focus on industries and clients facing transformational change and significant regulatory and legal issues, the Firm serves clients primarily in the healthcare, energy and financial services sectors which represent highly complex market and regulatory environments. Professional service offerings include strategic, financial, operational, technology, risk management, compliance, investigative solutions, dispute resolutions services and business process management services. The Firm provides services to companies, legal counsel and governmental agencies. The business is organized in four reporting segments – Disputes, Investigations & Economics; Financial, Risk & Compliance; Healthcare; and Energy. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Energy Management for Healthcare Markets, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.