July 8, 2013: Wireless Controls for Buildings to Be $295 Million Market by 2020
Wireless Is Used to Link HVAC, Lighting, Fire and Safety, Security and Access
BOULDER, Colo. — Wireless networks are helping fuel a major shift in the commercial buildings controls market; wireless controls are increasingly being used to link devices across a variety of building systems, including HVAC, lighting, fire and safety, and security and access, says Navigant Research. According to a report from the firm, the worldwide market for wireless control systems for building automation will reach $294.8 million by 2020.
“While wireless controls are generally more expensive than their wired counterparts, they offer building owners and managers a number of economic benefits,” said Bob Gohn, senior research director with Navigant Research. “The labor costs for installing wireless systems are much lower compared with wired, and wireless systems often provide networked control in buildings or areas where wired controls are simply too challenging or expensive to install.”