Building Commissioning Services Market Expected to Total Nearly $50 Billion from 2014-2024
The market is expected to be driven by an increasing focus on energy efficiency and regulatory requirements
BOULDER, Colo. — As energy efficiency becomes the highest priority in construction and building operations, more complex equipment and solutions are emerging that promise reduced energy consumption, less waste, and better operation, states Navigant Research. Building optimization and commissioning services — quality assurance measures that can help meet operational and energy efficiency goals — are expanding with this growing emphasis. According to a report from Navigant, global revenue from building commissioning services is expected to total nearly $50 billion from 2014 to 2024.
“Originating in the United States and United Kingdom in the 1960s and 1970s as a quality assurance measure for new buildings, the building commissioning process has yet to experience major technological changes,” said Benjamin Freas, senior research analyst with Navigant Research. “However, the increased use of services such as monitoring-based commissioning, integration into building information modeling, and others like cloud-based management of documents have the potential to improve both the commissioning process itself and building operations as a whole.”