Abstract
The combination of building energy management technology and technology of the Fourth Industrial Revolution has a significant potential for reducing energy consumption and, hence, CO2 emissions. However, numerous studies have indicated barriers preventing market growth. These challenges are mainly attributed to characteristics of the ecosystem of the building energy management systems (BEMS) industry. Thisstudy aimed to identify the major challenges hindering the deployment of BEMS in combination with Fourth Industrial Revolution technologies and to derive policies conducive to the achievement of the effective BEMS industry ecosystem. An analytic hierarchy process (AHP) survey was conducted on key players in the ecosystem to achieve this. The main elements of the ecosystem, economic, institutional, technology, and social system that earned weight, followed a decreasing trend in this order. Among the sub-elements, the payback period, upfront cost, electricity pricing scheme, energy consumption/CO2 emission reduction, and government support system ranked first to fifth places, respectively. This result can be used to determine the element in need of priority allocation of resources while establishing an effective BEMS. However, the priority depends on the development stage at which the industry is at, and other elements should not be overlooked.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
