by Brianna Crandall — January 20, 2017 — A recent report from Navigant Research examines the global market for advanced wireless sensors, including how drivers and barriers for intelligent building development affect the market, how wireless sensors support intelligent buildings, and what benefits building owners and managers can gain from deploying these sensors.
Wireless sensors help deliver holistic and comprehensive insight into operations across systems within the secure, scalable, and open infrastructure that gathers and transmits data, referred to as the Internet of Things (IoT), explains the report. From tablets to thermostats, the expansion of wireless devices has translated to an increased acceptance of wireless communications that can also be applicable in commercial buildings. According to the report, wireless sensors are expected to account for 23 percent of the total advanced sensor market by 2025.
Christina Jung, research associate with Navigant Research, stated:
Sensors are gathering and transmitting more data sets around facility use and system performance than ever before, facilitating various technology developments and trends in the buildings space. In this context, wireless sensors represent the convergence of advances in miniaturization, wireless connectivity, increased data storage capacity, and batteries.
According to the report, sensors play a crucial role in facilitating intelligent building solutions that provide actionable insight using data-driven tools. Sensors capture, communicate, and may even analyze energy and operational data. The resulting information can direct fundamental changes in operations that lead to energy efficiency improvements with substantial cost savings.
Buildings with significant turnover or anticipated pace changes (such as retail or office buildings) are likely better candidates for wireless systems due to the ease in moving sensors, according to the report. The current wireless sensor market penetration remains limited; however, there are opportunities for investment and growth, and targeting the right type of buildings will be essential for success in the wireless sensor market.
The report, Wireless Sensors for Commercial Buildings, analyzes the global market for advanced wireless sensors. Available for purchase from the Navigant Research Web site, the study examines how drivers and barriers for intelligent building development affect the wireless sensor market. Global market forecasts for revenue, segmented by region and customer type, extend through 2025.
The report also examines how wireless sensors help deliver business value through connectivity, and profiles key industry players. An Executive Summary of the report is available for free download on the Navigant Research Web site.