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Global Energy Management Systems Market for Healthcare Sector 2016-2020

  • Published: May 2016
  • Pages: 72
  • SKU: IRTNTR9336
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This market research report presents detailed segmentation of the global energy management systems market for healthcare sector by technology type (HVAC, lighting, energy monitoring and control, and intelligent sensor) and by geography (the Americas, APAC, and EMEA). The leading vendors in this market are EATON, GE-Alstom, Honeywell, Schneider Electric, and Johnson Controls.

Overview of the energy management systems market for healthcare sector

Technavio’s market research analyst predicts the global energy management systems market for healthcare sector to grow at a CAGR of more than 10% by 2020. The extensive use of equipment for the upkeep of in-house patients has made healthcare facilities as one of the most intensive users of energy equipment. By implementing energy management practices and an efficient, comprehensive energy plan, there can be energy conservation up to 30% in the healthcare sector. An increasing requirement for cost reduction in hospitals is driving the installation of several energy management systems such as intelligent HVAC controls, LED lighting, and sensors for effective power management. This rising need for energy conservation has led to the adoption of energy management products in the healthcare sector, and will augment this market’s growth during the forecast period.

The surge in the need for energy efficiency has prompted the healthcare facilities to opt for green systems that promote healthier and productive environment in buildings. These systems have LEED certification from the governments and, thereby focus on increasing energy efficiency and reducing the energy costs. This increase in green building constructions and the growing need for energy savings will urge healthcare facilities to opt for energy management systems, which will boost revenues in this market over the next four years.

Segmentation by technology and analysis of the energy management systems market for healthcare sector

  • HVAC
  • Lighting
  • Energy monitoring and control
  • Intelligent sensor

HVAC was the largest segment in the energy management systems market in the healthcare sector in 2015 and occupied around 39% of the total market share. Being an important equipment in healthcare facilities, HVAC systems need to be flexible to keep the indoor air quality to the required levels that meet ASHRAE and other regulatory standards for creating a safer environment. The growing need to save energy has pushed facility managers to install advanced HVAC controls in hospitals, resulting in this segment’s growth during the forecast period.

Geographical segmentation and analysis of the energy management systems market for healthcare sector

  • Americas
  • APAC
  • EMEA

The Americas is the largest revenue contributing region to the energy management systems market in the healthcare sector and is expected to grow at a CAGR of more than 10% by 2020. The rising energy prices and the increasing focus on the healthcare sector to decrease its cost has propelled the hospitals in the region to adopt energy management products and solutions. The growing need for meeting government’s regulatory compliance regarding the power and backup systems will push healthcare facilities to adopt energy management practices in the coming years.

Competitive landscape and key vendors

This market is characterized by the presence of established vendors. Key players have a large portfolio of energy management solutions, which can be customized and scaled according to customer requirements. However, with regional or local vendors dominating in several regions has intensified the market competition. Several local and regional vendors are offering good quality storage devices at lower prices than the key vendors, which will intensify rivalry among players in the coming years.

Key vendors in the market are

  • EATON
  • GE-Alstom
  • Honeywell
  • Schneider Electric
  • Johnson Controls

The other prominent vendors in the energy management systems market for healthcare sector are Veolia, Pacific Controls, Distech, Futronix, Siemens, and EnerNoc.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global energy management systems market for healthcare sector?
  • What are the key market trends impacting the growth of the global energy management systems market for healthcare sector?
  • What are the challenges to market growth?
  • Who are the key vendors in the global energy management systems market for healthcare sector?
  • What are the market opportunities and threats faced by the vendors in the global energy management systems market for healthcare sector?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global energy management systems market for healthcare sector?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of  the report

  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by technology

  • Global energy management systems for healthcare sector by technology in 2015
  • Global energy management systems for healthcare sector by technology in 2020
  • Global energy management systems for healthcare sector by technology in 2015-2020
  • Global energy management systems for healthcare sector by HVAC controls in 2015-2020
  • Global energy management systems for healthcare sector by lighting control in 2015-2020
  • Global energy management systems for healthcare sector by intelligent sensors in 2015-2020
  • Global energy management systems for healthcare sector by energy monitoring and control in 2015-2020

PART 07: Geographical segmentation

  • Global energy management systems for healthcare sector by geography in 2015
  • Global energy management systems for healthcare sector by geography in 2020
  • Global energy management systems for healthcare sector by geography in 2015-2020
  • Energy management systems for healthcare sector in Americas
  • Energy management systems for healthcare sector in APAC
  • Energy management systems for healthcare sector in EMEA

PART 08: Key leading countries

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

  • Other prominent vendors

PART 15: Key vendor analysis

  • Eaton
  • GE-Alstom Grid
  • Honeywell
  • Johnson Controls
  • Schneider Electric

PART 16: Appendix

  • List of abbreviations

PART 17: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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