Canada Hotel Energy Management System Market 2024-2030

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    CANADA HOTEL ENERGY MANAGEMENT SYSTEM MARKET

     

    INTRODUCTION

    A hotel energy management system (HEMS) is a program designed to help hotels efficiently manage their energy usage and energy costs. The goal of a HEMS is to achieve the optimal balance between energy consumption and cost optimization for the given facility. HEMS typically consists of software, hardware, and management processes/policies to monitor and control an hotel’s energy consumption.

     

    Most HEMS begin with an energy performance audit to analyze energy efficiency, identify high energy-consuming equipment, and suggest improvements and controls. From there, the system capitalizes on automation and a combination of real-time data points to create rules monitoring and control the environment. These rules can range from process-based controls such as thermostat targets, to more nuanced behavioral changes such as allowing for temperature fluctuations during unoccupied hours.

     

    Once active, a HEMS is able to monitor energy use in real-time, providing valuable metrics for tracking energy changes, costs, and even calculating the return on investment for energy-reduction initiatives. Additional benefits of a HEMS come from its ability to generate reports and analytics allowing hotels to fully analyze their energy usage and recommend operational changes or investments. 

     

    On a grander scale, an automated HEMS has the capacity to tap into data from not just one hotel, but all hotels participating in its shared system, allowing them to collaborate and develop best-practices for the collective improvement of their energy usage efficiency. Therefore, a HEMS can not only help a hotel save money, but also enable it to take part in wider energy-saving initiatives.

     

    CANADA HOTEL ENERGY MANAGEMENT SYSTEM MARKET SIZE AND FORECAST

    Infographic: Canada Hotel Energy Management System Market, Canada Hotel Energy Management System Market Size, Canada Hotel Energy Management System Market Trends, Canada Hotel Energy Management System Market Forecast, Canada Hotel Energy Management System Market Risks, Canada Hotel Energy Management System Market Report, Canada Hotel Energy Management System Market Share

    The Canada Hotel energy management system market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

     

    MARKET DYNAMICS

    In a first for the KingSett Capital portfolio of commercial properties, CircuitMeter Inc. announced that the Fairmont Royal York has launched its Forensic Energy Management system.CircuitMeter technology has been installed on all main systems and equipment throughout the Fairmont Royal York by KingSett and its operating partners, as part of their objective to demonstrate leadership in the implementation of sustainable operational strategies.

     

    The Fairmont Royal York operations team will be able to detect and eradicate energy waste through virtual and continuous energy audit features enabled by CircuitMeter and its Forensic Energy Management approach with the help of this technology, which will allow it to measure electrical and related energy use for major systems and equipment in real time.

    Access to the CircuitMonitoring software platform on a continuous basis is necessary to save the fine-grained energy data and enable use of the program’s many functions and analytics. Services related to forensic energy management that will help KingSett and Fairmont Royal York users maximise the benefits of the big data platform. Utilising systems to pinpoint and lower the hotel’s energy consumption and running expenses while also providing insight into the kind of operational inefficiencies that may exist there.

    By providing a range of energy efficiency solutions and goods and services for energy self-consumption and optimisation, Enel X has assisted hotels in lowering their energy usage.  Hotel energy management solutions monitor energy use and pinpoint areas for savings, all while controlling energy use in all hotel systems and industries (lighting, catering, air conditioning, hospitality, etc.).

     

    Hotel management may make well-informed decisions regarding energy management and optimise savings by using data about consumption patterns that an Enel X energy management solution gives them. Furthermore, cooling systems can be managed via Enel X’s Comfort Management software, which uses both historical and real-time data.

     

    RECENT DEVELOPMENT AND INNOVATION

     

    S No Company Name Development
    1 SenSync SenSync is a machine-learning-based technology created to assist hotels in comprehending and managing their energy usage. All guest rooms will be monitored for thermal comfort, and alarms will let hotel staff know when a room inspection is necessary. 

     

     SenSync’s other performance improvement methodologies and energy management systems (such as Superior Energy Performance, Lean, Theory of Constraints, Six Sigma, 5S, etc.) are also compatible with the standard.

     

    Furthermore, changing the demand during peak hours will lower energy expenses. When necessary, such as when the rooms are not reserved, the system will also change the temperatures.

     

    A widely acclaimed voluntary standard that provides enterprises with a well-organized framework for managing energy is the ISO 50001 Energy Management Systems Standard. Companies that have adopted ISO 50001 have decreased energy costs, improved competitiveness, and reduced greenhouse gas (GHG) emissions as well as other environmental benefits. 

     

    For instance, Canadian industrial businesses that adopted ISO 50001 had an average improvement in their energy performance within the first two years. Large Canadian firms have seen yearly energy cost reductions as a result of this.

     

    To raise awareness of energy usage, reinforce effective energy management behaviors, and maximize the use of currently energy-consuming equipment and processes, ISO 50001 integrates energy efficiency into management procedures.

     

    Additionally, it aids companies in prioritizing and evaluating the adoption of innovative energy-efficient technologies. All ISO management systems standards share components with the ISO 50001 standard. Because of this, it complies with ISO 9001 for quality management and ISO 14001 for environmental management.

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many Canada Hotel energy management system are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Canada Hotel energy management system and key vendor selection criteria
    3. Where is the Canada Hotel energy management system manufactured? What is the average margin per unit?
    4. Market share of Global Canada Hotel energy management system market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Canada Hotel energy management system in-house
    6. key predictions for next 5 years in Global Canada Hotel energy management system market
    7. Average B-2-B Canada Hotel energy management system market price in all segments
    8. Latest trends in Canada Hotel energy management system market, by every market segment
    9. The market size (both volume and value) of the Canada Hotel energy management system market in 2024-2030 and every year in between?
    10. Production breakup of Canada Hotel energy management system market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2024-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2024-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2024-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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