According to a new report, the market for commercial building automation systems will double over the next decade, increasing from $72.5 billion in 2011 to $146.4 billion by 2021.
This surge is being driven by two important trends that are transforming the building industry. The first is aggressive energy efficiency goals within the building stock, which is undergoing tremendous growth, particularly in developing Asia Pacific nations. Second is the fact that building automation controls and field devices, which communicate via a range of protocols such as BACnet and LonWorks, are starting to be fitted with Internet Protocol capability so as to utilize the same protocols and infrastructure equipment as the IT network. As a result, the silos that IT, property management, software, and traditional BASs occupied within companies are disappearing.
The report from Pike Research, titled “Commercial Building Automation Systems,” analyzes the global market for commercial building automation and management systems including security and access, HVAC controls, fire and life safety, building management systems, and lighting controls. The study examines current market conditions along with an assessment of the competitive landscape and technology issues that will affect the adoption and success of these systems. Market forecasts through 2021 are provided for seven global regions and five key market segments. An Executive Summary of the report is available for free download on the firm’s website.