by Shane Henson — August 8, 2011—ABI Research recently released a study, Energy Management and Commercial Building Automation) , analyzing the building automation system (BAS) market on a global basis, including the significance of financing schemes in building efficiency. The report also examines the emergence of demand response and smart grid’s impact. ABI Research provides in-depth analysis and quantitative forecasting of trends in global connectivity and other emerging technologies.
According to the study, BAS products, solutions and services will top $32 billion this year, growing to about $37 billion by 2016. North America and Europe are the largest markets to date by far and will remain so in the coming years, growing in alignment with their respective GDP growth rates.
However, the study found other regions are active as well. Australia, for example, as part of its National Strategy on Energy Efficiency, has set up a National Buildings Framework to work towards consistency in how buildings are assessed and rated for energy efficiency. This framework applies to new and existing commercial buildings and will steer demand for BAS equipment and services to meet the increasing minimum performance standards being developed.
ABI Research industry analyst Kelvin Chan notes, “Emerging markets such as Asia-Pacific will see the highest growth rate over the next few years, but this region is starting from a small base. With China’s announcement that energy efficiency will be a key part of its economic plans in its 12th Economic 5-year plan, building efficiency will be vital to meet its targets.”
