Energy management is one of the fastest growing trends significantly disrupting the facilities management industry, according to a new report by Frost & Sullivan.
The research firm discusses how factors such as increasing demand for energy performance and energy forecasting are impacting on the operations of facilities management firms.
In its new whitepaper, Energy & Environment Practice, Frost Sullivan states that facilities management companies are integrating Workplace Management, Smart Technologies and Energy Management services into their offerings.
This is to align with new business models or consumer demands resulting from emerging and innovative technologies.
Frost & Sullivan highlights growth opportunities for facilities management firms and these are to:
- Become Energy Service Companies (ESCO) accredited FM service provider
- Evaluate energy performance contracting business models and identify the most suitable
- Establish partnerships with Super ESCOs and financial institutions
Integrating their services with energy management and emerging business models would allow optimisation of energy efficiency, as well as the use of data for better decision making, increased business productivity and successful performance contracting.
Ana Sukhishvili, senior consultant, Energy & Environment – Industrial Practice, Frost & Sullivan, said: “Companies that are offering traditional FM services are now under high risk of losing their business with the pure energy service providers.
“They need to explore opportunities to become Integrated FM providers that will enable them to compete with the pure energy players in the building energy management market.
“A lot of developers and facility owners do not realise the importance of energy performance contracting. The question always is “How am I going to benefit from it?” and despite seeing the clear benefits of implementing energy efficiency measures, financing of the project becomes a challenge.”
Click here to access the whitepaper.