BASs find growth via energy efficiency and occupant comfort
December 15, 2014 - A new report from Navigant Research shows global revenue for commercial building automation systems (BASs) is expected to grow from $59.3 billion annually in 2013 to $86.7 billion in 2023.
By Anthony Capkun
“Although the market for commercial BASs is mature, it is not stagnant,” said Benjamin Freas, research analyst with Navigant. “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.”
Navigant says the devices and systems that control a building’s lighting, maintain its climate, and ensure the security and safety of its occupants were, until fairly recently, rudimentary. Today, these commercial BASs are increasingly embedded with computing and digital communications tools that have transformed their capabilities to improve energy efficiency and optimization and enhance occupant comfort and health.
A key driver in this sector, according to the report, is the evolution of energy-efficient lighting. The industry is moving toward greater adoption of LED technology, opening new opportunities for advanced networked lighting controls. Building owners and managers, many of whom have become accustomed to the idea of centrally monitoring and managing their HVAC systems, are beginning to expect the same level of control from their lighting systems, concludes Navigant.
An Executive Summary of the report is available for free download on the Navigant Research website.