[April 08, 2014]

Verdantix Benchmark Reveals The Six Firms Who Lead The Building Energy Management Software Market

In the global market for building energy management software, six suppliers - Envizi, eSight, IBM (News - Alert), Schneider Electric, Siemens and Verisae - are market leaders, according to independent analyst firm Verdantix. The benchmark report, Green Quadrant Building Energy Management Software 2014, compares 14 building energy management applications to help corporate buyers save time, reduce costs and mitigate risks in supplier selection. The analysis is based on live product demonstrations, an assessment of suppliers on 130 criteria and interviews with an independent panel of 15 customers representing firms with revenues of $348 billion.

"We have tracked the building enegy management software market since 2008 and it has been a roller-coaster ride for many suppliers" commented Verdantix Industry Analyst, Alisdair McDougall, author of the report. "The likes of CA Technologies (News - Alert), C3 and Hara no longer compete in this space. Elster EnergyICT, EnerNOC and Gridpoint have more complete and feature rich solutions than they did previously. This keeps the pressure on the six market leaders. Innovative firms like BuildingIQ (News - Alert), DEXMA, Optima Energy Management and Panoramic Power also demonstrate a positive impact with customers."

According to the study, 100% of customers buy solutions for better energy reporting, 93% for improved energy monitoring, 93% for project management, 80% for better utility bill management and 80% also for carbon reporting. Only 67% of customers prioritize functionality for building maintenance and 40% for demand response. A separate global survey of 250 heads of energy, found that budgets for energy management software will increase in mid-single digits in 2014.

"This product benchmark reveals significant differences in the energy management functionality of each application" commented Matt Heffley, Verdantix Analyst and report co-author. "Whilst some building energy software is a great fit for large offices it may be a disaster for multi-site retail. You need to map your energy assets, processes and targets before spending between $150,000 and $1 million on an application. Without a solid business case that goes beyond pure and simple energy efficiency, it will be difficult for energy managers to secure funding from the CFO."

To learn more about your building energy management software options join the Verdantix webinar entitled "How To Select Building Energy Management Software" on Thursday May 22, 2014.

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