Energy Wastage and Vertical Solutions to Drive Surge in Industrial Smart Buildings Deployments

Juniper Research forecasts that global industrial smart building deployments will grow from 26 million in 2025 to over 165 million by 2030. To achieve this growth, Juniper Research believes that leading platforms must develop bespoke solutions that tackle vertical-specific pain points, as well as drive greater energy efficiency.

“We have identified technologies that reduce energy consumption as key to attracting new smart building users. The increasing pressure to reduce operational spend on buildings, driven by global rising energy prices, is driving interest in solutions that enable sustainability goals to be met,” explains Frederick Savage, Senior Market Data Analyst.

The analytics specialist company expects cloud-based energy management systems in smart building platforms, ideal for achieving sustainability initiatives. These solutions enable building owners to adjust energy usage based on real-time information on occupancy and operations, reducing energy waste.

This will be most evident in industries such as healthcare, manufacturing, and retail that require high energy usage for machinery. However, levels of requirement vary in each industry, and we expect companies tailoring energy management solutions to each requirement to be the likeliest to succeed.

“Smart building platforms’ most substantial challenge is demonstrating a return on investment into energy management systems. This will be most notable when targeting building managers in nascent industries, where there will be little real-world evidence on the benefits of smart building technology,” concluded Savage.