Thank you for Subscribing to Energy Business Review Weekly Brief
Thank you for Subscribing to Energy Business Review Weekly Brief
By
Energy Business Review | Wednesday, May 04, 2022
Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.
On a worldwide basis, energy conservation is critical to mitigating the damage humans are causing the planet and reducing the reliance on a variety of fossil fuels that are becoming increasingly scarce.
FREMONT, CA: Energy management—everyone has heard of this term at some point in their lives, particularly in recent years, as energy conservation has become critical to the future of organizations globally and Earth itself. Much of the importance placed on energy conservation derives from a global imperative to conserve energy, which influences global energy pricing, emission targets, and laws, which are strong reasons for an organization to take energy conservation seriously. On a worldwide basis, energy conservation is critical to mitigating the damage people are causing the planet and reducing the reliance on a variety of fossil fuels that are becoming increasingly scarce.
A Building Energy Management System (BEMS) is a centralized, computerized system that monitors and controls energy-related building services, plants, and equipment such as heating, ventilation, air conditioning (HVAC) systems, lighting, and power systems.
While a small building's energy systems are typically controlled independently, for larger, more complex buildings or organizations with multiple buildings, integrating system operations through a single BEMS provides greater control and significantly improves energy savings. BEMS enables real-time control and monitoring of various connected systems, environmental conditions, and energy consumption, among other things. You may then collect and analyze this data to create a more comfortable and energy-efficient building environment. Another excellent aspect of BEMS is their ability to trigger alerts when equipment fails, allowing for proactive and even predictive maintenance. They even keep track of historical performance and enable comparisons to other structures.
Sensors are another critical component of BEMS. Sensors monitor the operation of buildings and their associated equipment. Examples include tracking the building's ventilation, solar exposure, and temperature. Device controllers process the acquired data, and actuators take the proper measures to optimize the ambient parameters. Consider why are they becoming so critical to the business?
According to BSRIA, the global BEMS market was worth $3.5 billion, or 3 billion euros, in 2014 and was increasing at more than 10 percent per year. The rising cost of fuel, concerns about energy security, increasingly aggressive environmental objectives, and the decreasing cost of sensors, analytics software, and data storage have contributed to this growing interest.
A well-designed BEMS can reduce energy consumption by 10 percent to 30 percent without sacrificing comfort or functionality. While technology advances at a breakneck pace, automation is becoming increasingly vital for optimizing day-to-day business activities and goals in BEMS. Combining intelligent automation systems with current infrastructure motivates many building management system vendors to increase the quality and effectiveness of their solutions to satisfy the industry's ever-growing audience.
I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info