April 20, 2015: Building Commissioning Services to Reach Nearly $6.6 Billion in Annual Revenue by 2024
Monitoring-Based Commissioning Expected to Appear in Many New Buildings over the Next 10 Years
BOULDER, Colo. — Building commissioning services originated in the United States and United Kingdom in the 1960s and 1970s as a quality assurance measure for new buildings. In recent years commissioning has experienced rapid growth through the spread of green building certification programs, notes Navigant Research. According to a new report from the research firm, global revenue for building commissioning services is expected to grow significantly from $3.1 billion annually in 2015 to nearly $6.6 billion in 2024.
“Advanced energy management technology can achieve greater levels of energy efficiency only if these solutions operate properly,” said Benjamin Freas, senior research analyst with Navigant Research. “The savings building owners have achieved through the commissioning process is driving demand for these services even as new policies and regulations that require commissioning of new construction and existing buildings reinforces this growth.”
There are three main categories of building commissioning, according to the report: one-time, initial commissioning; retrocommissioning (which tunes an existing building’s systems based on actual operations); and monitoring-based commissioning, which tracks data on energy and operation of building systems to ensure that performance goals are being met. While all three forms remain relatively rare today, monitoring-based commissioning is expected to become a feature in many new buildings over the next 10 years, the report finds.
Publication date: 4/20/2015