According to a new report, “Commercial Building Automation Systems,” from Boulder, Colo.-based Navigant Research, annual revenue from commercial building-automation systems (BASs) worldwide will grow from $56.9 billion in 2013 to $100.8 billion by 2021.
Until recently, many BASs have been proprietary in nature. Given this high degree of fragmentation, the terms BAS, building-management system (BMS) and energy-management system lacked clear industry definitions and standards, leading to some level of confusion among industry participants. According to the report, many of these conditions are changing—and at a pace that is unusually fast for the buildings industry.
The report analyzes the global market for commercial BASs for HVAC, lighting, fire and life safety, and security and access controls, as well as integrated BMSs. The report 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 globalregions, five key application segments, eight commercial building types, and are segmented by products and services, as well as new constructionand retrofits. The report also provides in-depth profiles of the key industry players within the competitive landscape. A free executive summary is available at www.navigantresearch.com/research/commercial-building-automation-systems.