Market Research Report
Commercial Building Automation Systems - HVAC, Lighting, Fire & Life Safety, and Security & Access Controls and Building Management Systems: Global Market Analysis and Forecast
|Published by||Navigant Research||Product code||231036|
|Published||Content info||75 Pages; 72 Tables, Charts & Figures
|Commercial Building Automation Systems - HVAC, Lighting, Fire & Life Safety, and Security & Access Controls and Building Management Systems: Global Market Analysis and Forecast|
|Published: September 14, 2016||Content info: 75 Pages; 72 Tables, Charts & Figures||
Today's building automation system (BAS) consists of control devices with embedded computing and digital communications tools that enable automated system improvements for operational efficiency, occupant comfort, and improvements in energy efficiency. Commercial BASs control functions of heating, ventilation, and air conditioning (HVAC), lighting, fire & life safety, and security & access controls. Building management systems (BMSs) assimilate these products into an integrated control network. The opportunity to optimize energy consumption has been the foundation of BAS market demand as customers aim to comply with building codes, save on utility costs, and meet sustainability objectives.
The development of the intelligent buildings market has introduced customers to new tools for data acquisition and analysis and services that enable more holistic business improvement opportunities. Early adopters are investing in intelligent building solutions that can compete with traditional BAS offerings by providing broader analytics. Turnkey intelligent building solutions offer hardware, software, and services to maximize energy efficiency alongside other business benefits. Major BAS vendors recognize the market evolution and are introducing new versions of their core BAS offerings as well as complementary intelligent building solutions. The result is an increasingly dynamic competitive landscape of diverse offerings. According to Navigant Research, global commercial building automation product and services revenue is expected to grow from $67.1 billion in 2016 to $102.0 billion in 2025.
This Navigant Research report analyzes the global market for commercial BASs in five key technology segments: HVAC, lighting, fire & life safety, security & access controls, and BMSs. The study provides an analysis of the market issues, including drivers and barriers, associated with commercial BASs. Global market forecasts for revenue, broken out by segment, region, and building type, extend through 2025. The report also examines the key technology and business trends related to commercial BAS adoption, as well as the competitive landscape.