BOULDER, Colo.--(BUSINESS WIRE)--Commercial building automation systems (BASs) increasingly form the foundational infrastructure for advanced energy management products and services in the buildings sector. The automation of HVAC, lighting, fire & life safety, and security & access controls, supported by integration with building management systems (BMSs), promises to improve energy efficiency and optimization, provide new levels of functionality, and enhance occupant comfort and health. Click to tweet: According to a new report from Navigant Research, annual revenue from commercial BASs worldwide will grow from $56.9 billion in 2013 to $100.8 billion by 2021.
“BASs continue to evolve from point solutions built from proprietary products toward open and integrated systems converged with modern information technologies,” says Eric Bloom, senior research analyst with Navigant Research. “The adoption of these new embedded computing, communications, sensing, and software technologies is fundamentally changing the commercial BAS market, presenting both risks and rewards for industry stakeholders.”
Until recently, many BASs have been proprietary in nature, with single vendors providing and maintaining the systems for each customer. Given this high degree of fragmentation, the terms BAS, BMS, and energy management system lack clear industry definitions and standards, leading to some level of confusion among industry participants. Today, according to the report, many of these conditions are changing – and at a pace that is unusually fast for the buildings industry.
The report, “Commercial Building Automation Systems”, analyzes the global market for commercial BASs for HVAC, lighting, fire & life safety, and security & access controls, as well as integrated BMSs. The report assesses how market drivers and technology advances will affect the adoption and success of these systems. Global market forecasts that extend through 2021 are provided for five global regions, five key application segments, and eight commercial building types, and are segmented by products and services as well as new construction and retrofits. 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 website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Commercial Building Automation Systems,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.