Leveraging IoT Solutions to Optimize Building Management and Energy Efficiency

Why should building managers and property owners leverage IoT solutions?

Heating and cooling are the main contributors to energy consumption. At the same time, most of the global building stock consists of energy-inefficient older buildings with about one-third of energy use wasted. The building sector thus represents a key focus area for businesses and government agencies looking to reduce their costs and environmental impact.

“Buildings account for 30 percent of global energy consumption and 27 percent of energy-related CO2 emissions worldwide.”

International Energy Agency (IEA)

If insulation is a common way to enhance building energy efficiency, connected sensors and software that provide data on energy consumption, room occupancy and space utilization are the most cost-efficient and easy-to-deploy solutions to quickly cut energy costs by dynamically adjusting heating, cooling, ventilation, lighting and other building systems, without reducing living and working comfort.

Building managers and property owners must get a complete overview of building functions: their integration generates data that are used as input to adjust settings and the effects of one function on another, to keep the building functioning optimally at the lowest cost.

How could IoT help to optimize building management and cut costs?

A building can have thousands of sensors that generate data about the building, its operations and the behavior patterns of its occupants. These devices – combined with other technologies such as data analytics, edge / cloud computing, AI and machine learning – enable managers to make their buildings more adaptable, flexible and resilient, and to continuously learn from patterns, schedules, occupant preferences and utility indicators.

What will you find in this report?

Building Management System (BMS) and Building Automation System (BAS) providers, HVAC / lighting / fire-safety and security-equipment manufacturers, as well as other building-systems integrators, will see in this paper key insights on:

- Building automation 2022-2026 estimated market size,
- Mega trends impacting and shaping the building automation market,
- LoRaWAN accelerator role for the adoption of IoT in buildings, and
- Partnerships to set-up in this dedicated IoT value chain.

¹Berg Insight, “Leveraging IoT Solutions to Optimize Building Management and Energy Efficiency”, By Fredrik Stålbrand, November 2022.

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Berg Insight is an independent producer of market analysis, and this Berg Insight product is the result of objective research by Berg Insight staff at the time of data collection. The opinions of Berg Insight and its analysts on any subject are continuously revised based on the most current data available. The information contained herein has been obtained from sources believed to be reliable. Berg Insight disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.