|By Business Wire||
|March 13, 2014 05:15 AM EDT||
The automation of various building systems – including HVAC, lighting, fire and life safety, and security and access controls – promises to improve energy efficiency and optimization, as well as enhance the comfort and health of occupants. Like the broader computing and voice, video, and data communications markets in previous decades, commercial building automation systems (BASs) have reached a tipping point, where embedded computing and digital communications are driving accelerating adoption of these systems. Click to tweet: According to a recent report from Navigant Research, the building automation and controls industry will be fundamentally transformed by digital technologies in the coming years.
“Open and integrated systems, converged with modern information technologies, present both risks and rewards for industry stakeholders,” says Eric Bloom, principal research analyst with Navigant Research. “Because building control systems are usually changed only every few decades, much of the existing building stock is still dependent on older technologies – a reality that will change over time as digital controls replace outdated systems.”
The increasing focus by building owners, operators, and regulatory agencies on optimizing commercial building energy use has put a spotlight on BASs, especially those for HVAC and lighting control, according to the report. In particular, the revolution in energy-efficient lighting, as the industry moves toward greater adoption of light-emitting diode (LED) technology, is opening new opportunities for advanced networked lighting controls.
The report, “Commercial Building Automation Systems”, analyzes the global market for commercial BASs for HVAC, lighting, fire & life safety, and security & access controls, as well as integrated building management systems. 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 global regions, five key application segments, and eight commercial building types, and are segmented by products and services as well as new construction and retrofits. The report also provides in-depth profiles of the key industry players within the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the report, “Commercial Building Automation Systems,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.