by Brianna Crandall — February 19, 2016—The intelligent buildings market continues to evolve as customers realize the potential economic, sustainability, and business benefits that can be gained from investments in these buildings, according to a new report from Navigant Research.
Advanced sensors have a critical role to play in transforming facilities into intelligent buildings. These intelligent devices contain sensing devices that deliver a digital output and are networked via wired or wireless configurations to support actionable insight that can improve building performance, increasing operational / energy efficiency and occupant satisfaction.
The devices can strengthen the operations of specific building systems, such as lighting and heating, ventilating, and air-conditioning (HVAC), but also support more comprehensive business and financial strategies.
Advanced sensors may be a component of an intelligent building solution with software and services or standalone devices for data acquisition.
According to the report, the facilities industry is undergoing a dramatic transformation. Factors such as an aging workforce, changing expectations from tenants and employees, and new pressures on sustainability and efficiency are opening the door to intelligent building solutions.
According to Navigant Research, advanced sensors represent a key enabling device for this evolution, and there are significant opportunities across geographies and customer segments. The report forecasts global advanced sensor revenue will grow from $1.2 billion in 2016 to $3.2 billion in 2025.
The report, Advanced Sensors for Intelligent Buildings, analyzes the global market for advanced sensors in six key segments: occupancy, photo, carbon dioxide (CO2), humidity, temperature, and multifunctional sensors.
The study provides an analysis of the market issues, including business cases, opportunities, and implementation challenges, associated with advanced sensors. Global market forecasts for revenue and shipments, broken out by segment, customer sector, and region, extend through 2025.
The report also examines the key technologies related to the broader intelligent buildings market, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research Web site.
