Commercial Building Automation Systems Revenue Tops $100B Annually by 2021
PCB007, November 27, 2013Commercial 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. 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.”