HVAC, Lighting, Fire & Life Safety, and Security & Access Control Systems and Building Management Systems: Global Market Analysis and Forecasts
Commercial building automation systems (BASs) continue to evolve from point solutions built from proprietary products toward open and integrated systems based on modern digital information technologies. Integrated by new building management systems (BMSs), the automation of HVAC, lighting, fire & life safety, and security & access controls is increasingly forming the foundational infrastructure for advanced energy management products and services. The resulting solutions are aimed at reducing the approximately 12% of total global energy end use by the commercial sector.
The global market for commercial BASs is driven in general by new and retrofit commercial building construction and more specifically by the energy efficiency requirements applied to this construction. New commercial construction has been suppressed by the financial crisis of 2008 in most of the global market, with the exception of certain parts of Asia Pacific, and the building controls market has suffered as a result. However, renewed economic growth and accelerating energy efficiency targets for commercial buildings are combining to offer significant market growth opportunities. Additionally, the adoption of new embedded computing, communications, sensing, and software technologies is fundamentally changing the underlying products and services within the commercial BAS market, presenting risks and rewards for various industry stakeholders. Navigant Research forecasts that global commercial BAS revenue will grow from $58.1 billion in 2013 to $100.8 billion in 2021.
This Navigant Research report analyzes the global market for commercial BASs for HVAC, lighting, fire & life safety, and security & access controls, as well as integrated BMSs. The study 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.
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