SOUTH KOREA HOTEL ENERGY MANAGEMENT SYSTEM MARKET

INTRODUCTION TOSOUTH KOREA HOTEL ENERGY MANAGEMENT SYSTEM MARKET

 Hotel Energy Management is the practice of controlling the procedures, operations, and equipment that contribute to the energy consumption in a hotel business.

This can include energy, gas, water, or other natural resources. Because hotels might have intricate operations and large facilities, they need a wide range of energy resources.

 Energy management markets in general have seen various changes, including the shift to service-based models or performance-based models utilised by Energy Services Companies (ESCOs). Historically, ESCOs avoided the hotel segment because of the tiny values associated with hotel energy retrofits and the difficulties in assessing so many potential load sources.

SOUTH KOREA HOTEL ENERGY MANAGEMENT SYSTEM MARKET SIZE AND FORECAST

The South Korea Hotel energy management system market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

SOUTH KOREA HOTEL ENERGY MANAGEMENT SYSTEM MARKETNEW PRODUCT LAUNCH

Honeywell has announced the introduction of INNCOM INNcontrol 5, an intuitive and powerful platform for energy management and guest room control. The INNcontrol 5 (IC5) system allows operators to monitor and manage guest room controls throughout an entire hotel property in real time, allowing them to discover and rectify issues before they affect guests, measure energy usage, and improve operational efficiency. Hoteliers place a high value on energy management. 

According to Energy Star, hotels and motels use about 40% of their energy and more than half of their natural gas for heating and cooling. An energy management system can help a hotel business cut its energy expenses by 35 to 45 percent, with a possible return on investment of 50 to 75 percent.

INNCOM's commitment to provide the most effective and versatile energy management systems for the hotel industry is demonstrated through IC5. We assist hoteliers in connecting their properties, and our systems give data that can be used to drive action, ensuring that concerns are addressed immediately and visitors have a flawless stay. 

The Niagara Framework open IoT platform powers the new system, allowing for secure and easy interaction with third-party devices and systems. The user interface of IC5 is simple to learn and reduces training costs.

The system is designed to work on desktop computers, tablets, and mobile devices. It is simple to access from the office or remotely in order to boost staff productivity and respond to guest room warnings that may have an impact on guest comfort. Furthermore, browser access to IC5 reduces onsite hardware expenditures significantly.

SOUTH KOREA HOTEL ENERGY MANAGEMENT SYSTEM MARKETCOMPANY PROFILE

• SCL Co Ltd
• ANSCO
• HL Ecotech Co Ltd
• Taesan
• Adic Co

THISSOUTH KOREA HOTEL ENERGY MANAGEMENT SYSTEM MARKETREPORT WILL ANSWER FOLLOWING QUESTIONS

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