About Energy Management Systems for Healthcare
Energy-saving, going green, utility savings, and energy management software are all terms that are increasingly becoming part of the healthcare operations conversation. Healthcare operations professionals can use energy management (the process of monitoring, controlling, and conserving energy) to not only find easier ways to increase efficiency, but also to save money and critical resources. . The average hospital consumes 2.5 times the amount of energy as other commercial buildings, according to the American Society of Heating, Refrigerating, and Air-Conditioning Engineers (ASHRAE).
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Energy Management Systems for Healthcare market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
DEXMA Inc.(United States), General Electric Company(United States), GridPoint Inc. (United States), Honeywell International Inc.(United States), Johnson Controls International PLC(Ireland), Schneider Electric S.E.( France), Siemens AG( Germany), Yokogawa Electric Corporation. (Japan), CA Technologies (United States) and Comverge (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Itron (United States).
Segmentation Overview
AMA Research has segmented the market of Global Energy Management Systems for Healthcare market by Type (Inpatient and Outpatient), Application (Residential, Commercial and Public Buildings) and Region.
On the basis of geography, the market of Energy Management Systems for Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Service, the sub-segment i.e. Monitoring & Control will boost the Energy Management Systems for Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Sensor will boost the Energy Management Systems for Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Offering, the sub-segment i.e. System will boost the Energy Management Systems for Healthcare market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advanced technology enables healthcare organizations to improve the energy performance of their buildings
Market Growth Drivers:
Mandatory Regulations and Policies and Growing Inclination Towards Efficient Energy Management
Challenges:
Lack of financial resources
Restraints:
High Initial cost of deployment
Opportunities:
Growing healthcare infrastructure in the emerging economies
Market Leaders and their expansionary development strategies
In September 2023, DNV acquired ANB Systems to enhance its digital energy management capabilities and accelerate the energy transition.
In October 2023, Hitachi energy, a global technology leader advancing a sustainable energy future for all, announced the next generation of its asset performance management (APM) software solution, Lumada APM. The release builds on the strength of its proven asset health prediction offering and expands with two additional APM modules Lumada APM reliability and Lumada APM optimization.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Energy Management Systems for Healthcare Manufacturer, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.