by Shane Henson — January 17, 2014—Shipments of advanced sensors for smart buildings are forecasted to grow from 1.8 million units in 2013 to 28.4 million by 2020, driven in part by building owners’ efforts to make facilities smarter and more energy efficient, according to a new report from Navigant Research.
The report, Advanced Sensors for Smart Buildings, discusses how the new class of advanced sensors allow building systems to better anticipate and respond to changing conditions. These devices can create environments that are both more productive for occupants and more operationally efficient for owners. As more building and facilities managers learn about the benefits of advanced sensors, the annual revenue for these devices will reach nearly $3.7 billion by 2020, the study concludes.
“For a building to be truly considered smart, it must be able to automate the operation of its various subsystems with minimal human interference,” says Eric Woods, research director with Navigant Research. “Although this is still a nascent market, sensor technology has advanced rapidly, and companies such as Melexis, ULIS, and Panasonic have brought sophisticated products to market to meet rapidly growing demand in the coming years.”
New sensing technologies that draw little power are making it possible to deploy sensors deeper into buildings than ever before, according to the report. These more autonomous sensors represent a less expensive route to flexible deployment than hardwired devices, as they obviate the need to run wiring for power supply. Sensors that can be spread throughout more of the building in this way provide much more granular data for a more complete picture of the building environment, thereby enabling greater efficiency in terms of energy consumption.
The report analyzes the global market opportunity for advanced occupancy sensors, advanced CO2 sensors, advanced thermostats, and advanced photosensors. It also provides a comprehensive assessment of the demand drivers, business models, and policy and regulatory factors associated with the market for these products. Global revenue and unit shipment forecasts, segmented by four product types, five major geographic regions, and eight building types, extend through 2020.
Navigant Research is a market research and consulting team that provides in-depth analysis of global clean technology markets.
