BOULDER, CO—Industrial Industrial Energy Management Systems (IEMSs) are evolving quickly to help industrial facilities minimize energy use and waste while still meeting the demands of production, according to a new report.
Technology, processing capabilities, software applications, and business intelligence insights are progressing quickly in the IEMS market, as vendors apply the latest innovations and advancements from other markets and application areas to the industrial sector. According to a new report from Navigant Research, annual revenue from IEMSs will reach $22.5 billion in 2020, essentially doubling their 2013 level.
“The IEMS market is opening to new firms, new technologies, and unique products and services,” says Eric Woods, research director with Navigant Research. “This is good news for both clients and vendors as fresh ideas make IEMSs more accessible. It is, however, not easy to access the IEMS market, and partnering with more established players is a necessary component of any successful entry by a company or solution.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
