Big Data Seen Dominating 760 Billion Ft2 Building Performance Market
New Entrants With Cost-Effective Technologies Are Emerging to Meet the Growing Demand for Real-Time Monitoring in Order to Optimize Energy Consumption, Lux Research Says
(firmenpresse) - BOSTON, MA -- (Marketwired) -- 08/08/13 -- With buildings under pressure to lower energy consumption, both to comply with legislation and to respond to market demand, the measurement and verification (M&V) industry is rapidly moving toward real-time performance tracking. New entrants, both in sub-metering hardware and Big Data analytics, will help audit the 760 billion ft2 of available building space, says .
"Today, sub-metering devices are now available to measure all types of building utilities, such as electricity, water, fuels, and heating or cooling input, with very high precision -- but with a high cost to match," said Alex Herceg, Lux Research Analyst and the lead author of the report titled, "." "Still, as real-estate managers slowly adopt a data-driven approach, the demand for the devices that can deliver actionable insights will grow."
Lux Research analysts examined the current landscape of M&V offerings and found:
Current offerings are not a good fit for buildings under 50,000 ft2 -- the cost is too high to justify the energy savings. But an EU directive calling for energy services aimed at this segment could lead to a new model for servicing small structures.
While measuring energy performance began as energy conservation measures for large institutional portfolios, it has been hobbled by the high initial cost of sub-metering infrastructure. ESCOs need to tailor their offerings to reach out to the broader commercial sector.
Companies such as Sefaira and Retroficiencey are poised to democratize the market, replacing expensive energy modeling techniques and inadequate physics simulation engines. Sefaira uses a cloud-based tool to rapidly prototype a building and assess energy impacts of design decisions. Similarly, Retroficiency's "Automated Energy Audit" is a rapid-modeling tool to help engineers find opportunities for energy savings.
The report, titled "Proof in Performance - Improving BEMS through Measurement and Verification," is part of the Lux Research service.
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Datum: 08.08.2013 - 05:30 Uhr
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