Energy Management Revenue for Healthcare Markets is Expected to Reach $2.2 Billion by 2024, According to Navigant Research
July 29 2015 - 5:15AM
Business Wire
An increasing demand for resiliency is
expected to drive the market for energy management in hospitals,
report finds
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.
About Navigant
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150729005394/en/
Navigant ResearchEllie Stutts,
+1-202-973-3249ellie.stutts@navigant.comorMegan Maupin,
+1-312-583-5703megan.maupin@navigant.com