The analysts forecast global energy management systems for healthcare sector market to grow at a CAGR of 10.41% during the period 2016-2020. The report covers the present scenario and the growth prospects of the global energy management systems market for healthcare sector 2016-2020. The revenue calculation is based on the technologies that help to monitor and control the energy consumption in the healthcare facility. The technologies that are included are lighting controls, HVAC, intelligent sensors, and energy management and control.
The following companies are the key players in the Global Energy Management Systems for Health Care Sector: Eaton, GE-Alstom Grid, Honeywell, Johnson Controls, and Schneider Electric. Other Prominent Vendors in the market are: Veolia, Pacific Controls, Distech, Futronix, Siemens, and EnerNoc.
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According to the energy management systems market for healthcare sector key growth driver is the increasing need to reduce costs. Healthcare facilities are one of the most energy intensive user, which are run continuously round the clock and involve use of several equipment for the upkeep of its in-house patients. This requires high amount of electricity usage leading to a significant amount of money spent on energy bills. With the increase in health needs due to aging, the increase in population and chronic diseases, there is an increase in demand for healthcare services. Simultaneously, there is also a steady increase in the electricity prices, which has increased the operation cost of the healthcare facilities leading to a direct impact on the healthcare facility's bottom line expenses.
The global energy management systems market for healthcare sector emerging trend that is influencing market growth is the increased construction of green buildings. Globally the healthcare industry is pursuing various methods and has actively invested in energy efficiency to meet the challenge of rising cost without compromising on the quality of the services provided. Increasingly the healthcare sector is adopting green systems that promotes in building a healthier and productive environment, increasing efficiency, and decreasing its impact on its surroundings earning them LEED certification or Energy Star designation from the government. The financial benefits gained from energy efficiency and lower energy costs from green buildings have led to continuous investment in building and technologies that result in energy savings.
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Global Energy Management Systems for Healthcare Sector 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
EMS is a comprehensive system that combines hardware, software, and services that are installed in buildings to improve the energy efficiency and reduce the GHG. These systems have the provision of feedback on electricity consumption patterns and power consumption data for individual appliances and different areas of a building such as common areas, cafeterias, data centers, and lobby areas, allowing for better energy management and improved profitability through efficient operation. These systems perform pre-programmed functions such as maintaining the temperature and lighting in different areas in real time, according to different preferential settings that are specific to different areas.
Further, the report states that one challenge which is hampering market growth is the high initial cost of installing energy management solutions.
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