Technavio Announces Top Three Emerging Trends Impacting the Global Energy Management Systems Market for the Healthcare Sector...
May 31 2016 - 2:00PM
Business Wire
Technavio’s latest report on the global energy management
systems market for the healthcare sector provides an analysis
on the most important trends expected to impact the market outlook
from 2016-2020. Technavio defines an emerging trend as a
factor that has the potential to significantly impact the market
and contribute to its growth or decline.
Sayani Roy, a lead analyst from Technavio, specializing in
research on the smart grid sector, says, “The global energy
management systems market for the healthcare sector is expected to
grow at a steady rate throughout the forecast period mainly driven
by the need to reduce the costs of healthcare. Healthcare
facilities adopt energy management systems that enable them to
lower energy consumption while improving the productivity of the
employees.”
The top three emerging trends driving the global energy
management systems market for the healthcare sector according to
Technavio energy research analysts are:
- Increasing need for cost reduction
- Rising need for energy
conservation
- Increasing certification
Increasing need for cost reduction
Healthcare facilities are one of the most energy intensive
users, as they involve the use of equipment which runs round the
clock for the upkeep of its in-house patients. With the increase in
aging population, rise in population, and chronic diseases, there
is a growth in demand for healthcare services.
Simultaneously, there is also a steady increase in electricity
prices, which has increased the operating cost of the healthcare
facilities leading to a direct impact on the healthcare facilities’
bottom line expenses. By implementing energy management practices,
a typical building can save 10%-20% of the power consumption and
extend it above 30% with a comprehensive energy plan. “The need to
reduce healthcare expenditure has been driving the need for energy
management systems such as intelligent HVAC controls, LED lighting,
and sensors, to be installed for efficient power management,” says
Sayani.
Rising need for energy conservation
Hospitals consume significant amounts of electricity due to the
installation of various kinds of infrastructure and equipment such
as 24-hour operation theatres, large volume rooms and corridors,
along with surgical and diagnostic equipment.
With depleting energy resources, energy management is considered
to be one of the most efficient methods to reduce the energy usage
in this sector. There are various processes involved in energy
management, which include recording, normalizing, analyzing,
targeting, monitoring, reporting, and controlling. This involves
finding opportunities for improvement and installing devices such
as sensors, HVAC and lighting controls for conserving power.
Energy management products also facilitate the creation of
targets for reducing energy consumption, monitoring the use to
check if it matches the set targets, and reporting the outcome to
the end-user. This enables a reduction in energy usage and reduces
overall costs, which is one of the major factors driving the growth
of the energy management systems market in the healthcare
sector.
Increasing certification
Globally the need for reducing energy consumption has led to
government intervention in the form of awarding Energy Star labels
to products that help reduce power consumption.
Energy Star is a voluntary public-private partnership program
that was established in the year 1992 by the US EPA. The program
helps businesses and other organizations to monitor, estimate, and
reduce the energy consumption as well as evaluate the financial
implications of the improved energy performance. The program rates
a building on 1-100 based on data from 12 consecutive months
enabling them to identify areas of improvement and devise the most
efficient way to save energy.
Energy Star-rated products are about 30% more efficient than a
non-labelled product thus saving on energy consumption. Apart from
the Energy Star, LEED is another such program that is being adopted
in the healthcare industry. It is one of the most popular and
widely recognized green building rating systems that was developed
by the U.S. Green Building Council (USGBC). LEED-certified
buildings use less amount of water and energy, and reduce GHGs and
costs.
Browse Related Reports:
- Global Energy Management System Market
in the Industrial Sector 2015-2019
- Global Energy Management System Market
2015-2019
- Global Home Energy Management Systems
Market 2015-2019
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About Technavio
Technavio is a leading global technology research and
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every year, covering more than 500 technologies across 80
countries. Technavio has about 300 analysts globally who specialize
in customized consulting and business research assignments across
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Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS:
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