Energy management revenue for healthcare markets expected to hit $2.2B by 2024: 5 key points

Navigant Research released a report that looked at the global market forecasts for revenue, segmented by offering type, building and region through 2024 for healthcare energy management systems.

Here are five key points:

1. Global policies encouraging energy efficiency and increasing healthcare costs are forcing healthcare organizations to focus on and control their energy costs.

2. Energy management systems and software as a service applications help organizations optimize existing facility equipment without heavy costs.

3. Hospitals need reliable and resilient power supplies in case of utility outages, as saving lives is the main priority.

4. Hospitals use an average of 2.5 times more energy than other commercial buildings.

5. The report titled, "Energy Management for Healthcare Markets," looks into the key technologies related to healthcare EMSs, among other topics, like revenue forecasts and market drivers.

“The average hospital uses 2.5 times the energy as other commercial buildings,” said Casey Talon, senior research analyst with Navigant Research. “And while 24/7 operation for some healthcare spaces is critical, EMSs have shown success in scaling back non-critical operations and generating savings.”

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