International. According to a navigant report, energy management revenue for the healthcare market is expected to reach $2.2 billion by 2024.
Due to an increase in global policies that promote energy efficiency and rising health care costs, governments and organizations are examining the adoption of new technologies to monitor and control the energy use of health care spaces, Navigant's research notes. This demand for greater control is realized through the use of energy management systems (EMS), as well as through software as a service application (SaaS) that help optimize the equipment of existing facilities, avoiding high initial costs.
"The average hospital uses 2.5 times the energy of other commercial buildings," said Casey Talon, senior research analyst at Navigant Research. "And while 24/7 operation during some healthcare spaces is critical, EMS have shown success in scaling non-critical operations again and generating savings."
