The global market for commercial BASs (building automation systems) is looking very promising. A new report from Navigant Research, www.navigantresearch.com, Boulder, Colo., analyzes the global market for commercial BASs, including global market forecasts through 2023.
According to the report, the devices and systems which control a building’s lighting, maintain its climate, and ensure the security and safety of its occupants were considered rudimentary until recently. Now, these commercial BASs are becoming increasingly embedded with computing and digital communications tools which have transformed capabilities to enhance energy efficiency and optimization as well as improve occupant comfort and health. According to the recent report titled “Commercial Building Automation Systems,” global revenue for commercial BASs is forecasted to increase from $59.3 billion annually in 2013 to $86.7 billion in 2023.
According to the report, a main driver in this sector is the evolution of energy-efficient lighting. The industry is approaching the greater adoption of LED (light-emitting diode) technology, sparking new opportunities for advanced networked lighting controls. Building owners and managers that have become accustomed to the idea of centrally monitoring and managing HVAC (heating, ventilating, and air conditioning) systems, are starting to expect the same level of control from their lighting systems.
“Although the market for commercial BASs is mature, it is not stagnant,” says Benjamin Freas, research analyst, Navigant Research. “While the global outlook for economic growth, and thus for new construction activity, remains weak and uneven, increased adoption and building retrofits focused on improving energy efficiency and increasing occupant comfort are expected to provide the BAS market with relatively strong growth.”
The report analyzes the global market for commercial BASs for HVAC, lighting, fire and life safety, security and access controls, along with integrated BMSs (building management systems). It evaluates how market drivers and technology advances are anticipated to affect the adoption and success of these systems. Furthermore, the report is segmented by five key application segments, eight commercial building types, as well as two construction types, and it provides in-depth profiles of key industry players within the competitive landscape.
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