Commercial building automation systems (BAS) increasingly form the foundational infrastructure for advanced energy management products and services in the buildings sector. The automation of HVAC, lighting, fire & life safety, and security & access controls, supported by integration with building management systems (BMS), promises to improve energy efficiency and optimization, provide new levels of functionality, and enhance occupant comfort and health.
The global market for commercial BASs is driven in general by new and retrofit commercial building construction and more specifically by the energy efficiency requirements applied to this construction. New commercial construction has been suppressed by the financial crisis of 2008 in most of the global market, with the exception of certain parts of Asia Pacific, and the building controls market has suffered as a result. However, renewed economic growth and accelerating energy efficiency targets for commercial buildings are combining to offer significant market growth opportunities.
According to a new report from Navigant Research, annual revenue from commercial BASs worldwide will grow from $56.9 billion in 2013 to $100.8 billion by 2021.
“Building automation systems continue to evolve from point solutions built from proprietary products toward open and integrated systems converged with modern information technologies,” says Eric Bloom, senior research analyst with Navigant Research. “The adoption of these new embedded computing, communications, sensing, and software technologies is fundamentally changing the commercial BAS market, presenting both risks and rewards for industry stakeholders,” Bloom says.
To read more of this report and order it, visit bit.ly/NavigantBAS