TMCnet News
Commercial Building Automation Product and Services Revenue is Expected to Exceed $102 Billion in 2025, According to Navigant ResearchA new report from Navigant Research examines the global market for commercial building automation systems (BASs) in five key technology segments, offering an analysis of market issues, with forecasts for revenue, through 2025. The commercial BAS market is at a crossroads. Large technology companies that have provided equipment and services for the control and automation of building systems are benefitting from the moderate but consistent growth of a mature market, while technology innovation, new business models, and emerging competitors threaten to upset the sustained revenue growth tied to the industry. Click to tweet: According to a new report from @NavigantRSRCH, global commercial building automation product and services revenue is expected to grow from $67.1 billion in 2016 to $102.0 billion in 2025. "BAS hardware infrastructure and communications networks improve the operations of complex commercial systems," says Casey Talon, principal research analyst with Navigant Research. "The rise in intelligent building software and services, and open communications protocols represents a source of disruption to the traditional BAS market, creating a new competitive reality." Major BAS vendors recognize this market evolution and are introducing new versions of their core BAS offerings, as well as complementary intelligent building solutions, according to the report. The result is an increasingly dynamic landscape of diverse offerings during a time when many customers are looking to comply wit building codes, save on utility costs, and meet sustainability objectives. The report, Commercial Building Automation Systems, analyzes the global market for commercial BASs in five key technology segments: HVAC, lighting, fire & life safety, security & access controls, and BMSs. The study provides an analysis of the market issues, including drivers and barriers, associated with commercial BASs. Global market forecasts for revenue, broken out by segment, region, and building type, extend through 2025. The report also examines the key technology and business trends related to commercial BAS adoption, as well as 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com. About Navigant Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant's professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant's practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160929005042/en/ |
