Web-based dashboards and IP-enabled devices are key market enablers
Offering automated, granular, real-time control of every major system within commercial buildings, networked building controls can provide building owners and operators with significant cost savings through the more efficient use of energy. As large commercial buildings are increasingly targeted by national and local energy efficiency policies, building owners are looking for solutions that can reduce energy consumption and improve operational efficiency. Click to tweet: According to a recent report from Navigant Research, worldwide revenue from networking and communications equipment for commercial building automation systems will grow from $21.3 billion in 2014 to $34.7 billion by 2021.
“Commercial buildings consume nearly one-quarter of all electricity globally, making the automation systems that improve, measure, and verify building efficiency a critical part of energy management,” says Eric Woods, research director with Navigant Research. “The increased availability of simple-to-use, web-based dashboards for building management, along with the introduction of Internet Protocol (IP)-enabled devices, is helping to smooth the way for building managers to move toward more networked control systems.”
China, which is the largest and fastest growing market in the world, is a key growth market for building controls, according to the report. The country is focused on maintaining its current building stock while constructing the equivalent of two Chicago-sized cities per year through 2025. The rest of the world is more focused on bringing its existing stock of buildings up to par, in terms of energy efficiency, as well as integrating advanced IT-level control functions for easier and more efficient data analysis and system management.
The report, “Smart Buildings Networking and Communications”, analyzes the global market opportunity for networked building automation controls across three primary levels of the building controls ecosystem: field devices, floor/room-level devices, and building-level devices. Each of these categories contains devices used in four primary building systems: HVAC, lighting, fire and life safety, and security and access. Global market forecasts for unit shipments and revenue, broken out by region, segment, device type, and technology, extend through 2021. The report also provides a comprehensive assessment of the demand drivers, business models, policy factors, technology issues, and key industry players associated with this rapidly evolving market.