Industrial Internet of Things strategies can help lower operational costs and drive new revenue streams

A new report from Navigant Research analyzes the industrial Internet of Things (IIoT) market, providing global forecasts, segmented by region and sector, through 2027.

IIoT, part of the overall IoT megatrend, provides businesses of all shapes and sizes the opportunity to leverage technology platforms that can drive growth, lower costs, improve margins, and develop new revenue streams. Through enhanced predictive and preventive maintenance capabilities, IIoT platforms enable more efficient use of energy as the software makes intelligent adjustments regarding energy consumption, while data from sensors yields enhanced insights on optimized equipment maintenance. Click to tweet: According to a new report from @NavigantRSRCH, combined cumulative global revenue for IIoT devices, software, and services is expected to total more than $1 trillion between 2017 and 2027.

“We are starting to see more and more companies across the spectrum adopt IIoT strategies, deploying hardware and software platforms to help lower operational spend, and to serve as a competitive differentiator that can help them sell products and services at lower costs,” says Neil Strother, principal research analyst with Navigant Research. “IIoT technologies also support a broad digital transformation initiative within a business, enabling it to offer customers enhanced services and improved experiences.”

Initially, IIoT solutions can appear overwhelming to managers unsure how to harness the array of hardware, software, and service choices, according to the report. Though there are bumps along the way in these types of deployments at this relatively early market stage, companies are starting to see their investments translate into real benefits.

The report, Industrial Internet of Things, examines the emerging global IIoT market and provides practical guidelines regarding how companies can implement IIoT hardware, software, and services. The study analyzes the key market drivers and inhibitors, technologies, and regulatory frameworks related to IIoT. Global market forecasts, segmented by region and sector, extend through 2027. The report also examines regional IIoT trends, select vendor solutions, and IIoT case studies in eight industry sectors. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

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* The information contained in this press release concerning the report, Industrial Internet of Things, 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.

Read more: Global Revenue for Industrial Internet of Things...

The market is being fueled by the Internet of Things, cloud, and edge computing

A new report from Navigant Research analyzes the global market for building energy management systems (BEMSs), examining technology trends, and providing forecasts, segmented by region, offering type, and customer type, through 2026.

The BEMS market continues to evolve with an increasing focus on the value of data in commercial buildings. An array of combinations of software, services, and/or hardware can address specific market needs, while customer education on the value of BEMSs continues to drive the market forward. Click to tweet: According to a new report from @NavigantRSRCH, global BEMS market revenue is expected to grow from $4.0 billion in 2017 to $13.1 billion by 2026.

“In addition to increased customer education, the BEMSs market is being fueled by a few technology trends: the Internet of Things, and cloud and edge computing,” says Christina Jung, research analyst at Navigant Research. “These trends are expediting BEMS investments that address pain points for commercial customers.”

BEMS solutions vary in levels of integration and functional complexity, and each offering is progressively more integrated and connected than its predecessor, according to the report. Data collected and analyzed from building systems can be integrated into a larger enterprise system, which can inform IoT use cases such as occupancy data for space utilization, location data for behavior analytics in the retail sector, security and access control via smartphone applications, and more.

The report, Market Data: Building Energy Management Systems, analyzes the markets for energy efficient building technologies in Western and Eastern Europe. The study focuses on seven product types (HVAC, lighting, building controls, water efficiency, water heating, building envelope, and other) and two service types (commissioning and installation). Market forecasts, which are also segmented by eight commercial building types and by new construction and retrofit spending, extend through 2026. The report also provides an analysis of the market dynamics, including market drivers and hurdles, opportunities, and unique programs that are helping to extend and broaden commercial building efficiency throughout Europe. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, Market Data: Building Energy Management Systems, 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.

Read more: Global Revenue for Building Energy Management...

Adoption of electric buses expected to be focused in regions with government funding due to high upfront cost

A new report from Navigant Research examines the global market for medium and heavy duty electric drive buses, providing an analysis of key market and technology issues, policies, and manufacturer profiles.

In the electric drive bus market, costs of key components such as batteries, motors, and power electronics are declining thanks to increasing volume. These improvements are helping plug-in hybrid and battery electric buses become more viable for fleets, and sales are poised to grow across all geographic markets through 2027. Click to tweet: According to a new report from @NavigantRSRCH, orders for plug-in electric buses have boomed in the past 18 months, with a  40 percent increase in sales from 2016 to 2017, as the technology on offer from bus companies has improved in performance and in price.

“Transit agencies are interested in battery electric buses, thanks to their potential for lower operating costs in addition to having zero emissions and reduced noise,” says Lisa Jerram, principal research analyst with Navigant Research. “New orders for electric buses are growing rapidly, although the transition to battery electric buses will take many years, as agencies test the technology and bus manufacturers ramp up production.”

Despite increasing sales of electric buses, conventional engines will continue to be the powertrain of choice for buses in many markets during the next 10 years, according to the report. The upfront cost for an electric drive bus continues to be an issue; thus, adoption tends to be focused in regions with government support. In all regions except for China, hybrid buses are expected to continue to capture greater market share than plug-in buses in the near-term, thanks to the lower price premium, lack of infrastructure investment, and the wealth of real-world operational experience.

The report, Market Data: Electric Drive Buses, analyzes the global market for medium and heavy duty electric drive buses with the following powertrains: gasoline hybrid, gasoline plug-in hybrid, diesel hybrid, diesel plug-in hybrid, battery electric, and hydrogen fuel cells. The report provides an analysis of key market and technology issues, regional policies, and profiles of many vehicle manufacturers and component suppliers. Global market forecasts for annual sales and vehicle population by segment, country, and powertrain type extend through 2027. The Excel databook accompanying this report also includes pivot tables for electric drive bus sales and population by country, segment, and powertrain type. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, Market Data: Electric Drive Buses, 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.

Read more: Sales of Plug-In Electric Buses Increased 40...

Related business models and financing structures can help organizations realize sustainability mandates while meeting operational, financial, and human capital goals

A new report from Navigant Research examines the market for energy service companies (ESCOs) across North America, Western Europe, and Asia Pacific, providing forecasts, segmented by region, country, and customer and equipment type, through 2026.

ESCOs, which execute a variety of building energy efficiency services, have been instrumental in providing access to energy efficiency technologies and services in market segments that would not normally be able to consider or afford these types of capital-intensive projects. The energy savings performance contract financing structure, which requires little to no upfront capital and moves the financial risk of the project from the end-use customer to the ESCO, is driving the market forward in mature and maturing regions, particularly for public sector customers, as well as for municipalities, universities, schools, and hospitals. Click to tweet: According to a new report from @NavigantRSRCH, the global ESCO market is expected to grow from $15.0 billion in 2017 to $30.8 billion in 2026.

“Globally, the ESCO business model and the energy performance contract financing structure are emerging as a valuable way for public and private organizations to realize sustainability mandates while meeting operational, financial, and human capital goals,” says Tom Machinchick, principal research analyst with Navigant Research. “Some ESCOs also leverage intelligent digital tools that can tune into new and unique sources of information and add value before, during, and after a performance contracting project is complete.”

According to the report, data captured from existing and new projects has allowed ESCOs to develop sophisticated statistical models to help stakeholders understand building performance and end-use customer operational, maintenance, and comfort issues.

The report, ESCO Market Overview, analyzes the global ESCO market, with a focus on three key regions: North America, Western Europe, and Asia Pacific. The study provides an analysis of market dynamics for the main ESCO customer segments, including market barriers and drivers, regional opportunities and challenges, and the competitive landscape. Global market forecasts, segmented by region, country, and customer and equipment type, extend through 2026. The report also examines the ESCO value chain and financing models. An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Lindsay Funicello-Paul

+1.781.270.8456

This email address is being protected from spambots. You need JavaScript enabled to view it.

* The information contained in this press release concerning the report, ESCO Market Overview, 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.

Read more: The Market for Energy Service Companies Is...

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