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Industry Landscape
The Energy Management and IoT industry is currently experiencing significant growth, driven by increasing awareness of sustainability, rising energy costs, and advancements in smart building technologies. There's a strong push for real-time data, automation, and integrated solutions to optimize resource consumption and reduce operational expenses across various commercial and multi-tenant sectors.
Total Assets Under Management (AUM)
Commercial Building Energy Consumption in United States
~Approximately 4.2 quadrillion BTUs (2022 data) [1]
(1.3% (compound annual growth rate 2022-2027) [2] CAGR)
-Driven by new commercial construction.
-Increased demand for cooling.
-Shift to more energy-intensive building types.
Total Addressable Market
5.5 billion USD