A Navigant Research report has found that the global market for healthcare energy management systems is expected to grow exceed $2.2 billion in annual revenue by 2024.
The market is at $948.98 million in revenue in 2015.
"While energy management technologies have been employed in commercial buildings for the past two decades, they remain far from ubiquitous in the healthcare sector," said Casey Talon, senior research analyst with Navigant Research. "The average hospital uses 2.5 times the amount of energy compared to other commercial buildings, and EMSs provide an important mechanism for reducing energy costs while ensuring the reliability of power supplies."