Smart metering and energy monitoring solutions to drive growth in the industrial BEMS market
Rising demand in the smart metering and energy monitoring solutions segment will drive growth in the industrial energy management systems’ market, recent research from Future Market Insights has been able to suggest.
BEMS-type systems are responsible for efficiently managing various industries and their consumption of energy by industrial applications. The complexities of an industrial application are handled by energy management systems as they optimize the energy balance, reduce energy consumption, increase productivity, and reduce the coal gas discharge.
The global industrial energy management system market, as indicated by Future Market Insights, is projected to reach a market value of over US$ 50,300 Mn by the end of 2028. The sky-rocketing growth of market is also predicted to register a CAGR of 9.6% during the forecast period, 2018-2028.
In the energy management space, industries are increasingly adopting cloud-based software to gain significant benefits such as scalability, robustness, user-friendly access, low cost, reduced complexity, and a granular level of visibility of energy consumption information. Adoption of cloud computing is anticipated to be on the rise among businesses, to improve overall efficiency.
The new advanced metering technology has eased the process of gathering detailed electricity consumption data, analytical power of facility energy management systems. It is intended to simplify the complex issues encountered by industrial energy users, and can identify energy waste in a number of categories. This technology addresses basic errors in control system programming, and errors in maintenance and servicing procedures, thereby fueling the growth of industrial energy management systems market.
The HeatingSave Building Management System (BMS) will cut your energy usage by 20% to 30% with its energy management control, as its internal microprocessor constantly calculates and improves the efficiency and savings of your central heating system.
Using HeatingSave, simply choose the room temperature and the hot water you want, and when, and HeatingSave does the rest. It works with all central heating systems – oil, gas or coal – and links up with a PC to produce reports and graphs to fashion a powerful and
complete energy management system.
Furthermore, the BMS system includes comprehensive access control and lighting control features, as well as an advanced smartphone app that grants you extensive control functions and comprehensive alerts at the touch of a button.
The system is backed by the Energy Savings Trust.