Analyst firm evaluated hardware, software and services of 400 BEMS vendors globally
Arlington, VA – July 10, 2014 – GridPoint, an innovator in comprehensive, data-driven energy management solutions (EMS) that help customers maximize energy and operational savings, today announced that it was named among the top 10 global vendors in the Navigant Research Leaderboard Report: Building Energy Management Systems (BEMS). Navigant Research, a market research and consulting team for global clean technology markets, used its proprietary Leaderboard methodology to objectively profile and rank companies on ten criteria including go-to-market strategy, technology and solution portfolio, breadth/depth of applications, technology openness and interoperability as well as scalability and staying power.
The report cited market drivers including advances in cloud-based software platforms and customer need for systems that reduce costs and carbon emissions while improving visibility into operations as reasons for increased competition within the BEMS industry in recent years.
“GridPoint is excited to be listed as a contender among the top ten BEMS vendors in Navigant’s exhaustive research,” said Todd M. Raba, president and CEO of GridPoint. “We have identified five megatrends which are fueling the emergence of energy conscious enterprises—businesses which achieve results by managing energy usage through measurement. Navigant called out the importance of hardware, software and services for effective management and GridPoint’s solution not only provides each of these in its comprehensive EMS, but is also open for integration with customers’ existing energy management environments.”
The report estimates that revenues for BEMS will increase globally from $2.4 billion annually in 2014 to $5.6 billion in 2022 based on market need for innovative analytics and intelligent control in energy management. Navigant claims much of the focus will remain on BEMS software offerings, but the need for associated hardware and services will also grow as customers seek a well-rounded system.
GridPoint delivers results by leveraging cutting-edge Internet of Things technologies to provide visibility, analysis and control through extensive submetering and monitoring of a site’s equipment and environmental conditions. While hardware, software and services are each crucial components in a strong energy management system, flexibility and openness are also necessary facets to consider. GridPoint’s EMS integrates with customers’ previous energy management investments through the GridPoint Open Connect Platform to maximize results and produce a data-driven and customized approach to energy management.
To learn more about what’s fueling the market download GridPoint’s white paper The Five Megatrends Shaping the Energy Conscious Enterprise.
Image Source: Navigant Research
GridPoint is an innovator in comprehensive, data-driven energy management solutions (EMS) that leverage the power of real-time data collection, big data analytics and cloud computing to maximize energy savings, operational efficiency, capital utilization and sustainability benefits. GridPoint’s integrated energy management portfolio of asset-level submetering and monitoring, intelligent control, energy management software and professional services can generate energy savings up to 30% and an 18-36 month payback.
GridPoint solutions are deployed at over 12,000 sites with over 75 billion customer data points collected to date, and 100 million added daily. Customers include 6 of the top 10 retailers by total sales, 4 of the top 10 casual dining restaurants, 7 of the top 20 quick serve restaurants, leading commercial and industrial enterprises and major government and educational institutions. To learn more, visit GridPoint.com, and keep up with the latest GridPoint news via LinkedIn linkedin.com/company/gridpoint and Twitter @gridpoint.