by Brianna Crandall — March 25, 2015—A recent report from market research and advisory group Navigant Research analyzes the global market for commercial building automation systems (BASs), including global market forecasts through 2023. Cumulative worldwide revenue for commercial BASs is expected to exceed $713 billion from 2015 to 2023.
Today, the opportunities presented by analyzing the vast amounts of data that BASs can collect are accelerating their adoption across the commercial building sector. In particular, the integration of smartphones into many interactions between humans and the world around them is shifting the expectations of building occupants for their experiences in the built environment.
“The adoption of BASs is being driven by several goals: to provide comfort for building occupants, optimize energy use, and comply with building energy codes,” says Benjamin Freas, research analyst with Navigant Research. “Prevalent for some years in the largest and most modern buildings, BASs are now expanding into smaller buildings, as well.”
Advances in the deeper integration of disparate BASs (for heating, ventilation, and air-conditioning [or HVAC]; lighting; security; safety; and so on) are helping drive their adoption in commercial buildings, according to the report. However, these systems have yet to reach their full market potential. Growth in the BAS market remains dependent on rates of new construction and building retrofits, which, in turn, are driven by overall economic conditions in each world region.
The report, Commercial Building Automation Systems: HVAC, Lighting, Fire & Life Safety, and Security & Access Controls and Building Management Systems: Global Market Analysis and Forecasts, analyzes the global market for commercial BASs for HVAC, lighting, fire and life safety, and security and access controls, as well as integrated building management systems (BMSs). It assesses how market drivers and technology advances are expected to affect the adoption and success of these systems.
Global market forecasts, segmented by five key application segments, eight commercial building types, and two construction types, extend through 2023. The report also provides in-depth profiles of the key industry players within the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research Web site.
