Dec. 9, 2013: Building Automation Systems Market to Surpass $100 Billion Annually by 2021
BAS Are Evolving Toward Open, Integrated Systems Converged with Modern Information Technologies
BOULDER, Colo. — Building automation systems (BAS) increasingly form the foundation for advanced energy management products and services in the buildings sector, states Navigant Research. The automation of HVAC, lighting, fire and life safety, and security and access controls, supported by integration with building management systems (BMS), promises to improve energy efficiency and optimization, provide new levels of functionality, and enhance occupant comfort and health. According to a new report from the firm, annual revenue from commercial BAS worldwide will grow from $56.9 billion in 2013 to $100.8 billion by 2021.
“BAS continue to evolve from point solutions built from proprietary products toward open and integrated systems converged with modern information technologies,” said Eric Bloom, senior research analyst with Navigant Research. “The adoption of these new embedded computing, communications, sensing, and software technologies is fundamentally changing the commercial BAS market, presenting both risks and rewards for industry stakeholders.”