BOULDER, Colo.--(BUSINESS WIRE)-- Despite significant growth and much publicity, the green construction and technology market still accounts for only a small percentage of the commercial building stock worldwide.Today, the spread of sophisticated building automation systems (BAS), which take advantage of the convergence of information technology (IT) data and building data, is helping drive significant growth in intelligent and energy-efficient buildings.According to a recent report from Pike Research, aggressive energy efficiency goals within the building stock – which is undergoing tremendous growth, particularly in developing Asia Pacific nations – will drive revolutionary change in BAS technology and transform the building industry over the next decade.
Overall, the market for commercial building automation systems will double over the next decade, the cleantech market intelligence firm forecasts, increasing from $72.5 billion in 2011 to $146.4 billion by 2021.
“Technology advances and government policy are causing sweeping changes across the building industry worldwide,” says senior analyst Eric Bloom.“China, the highest growth market in the world, will be challenged to build a more efficient infrastructure, even as it adds an amount of new space per year equivalent to the entire building stock in the Netherlands.In China and other countries, building codes and energy management technologies will drive demand for sophisticated automation and control solutions.”
The building automation systems market is led by a group of international, diversified system providers that includes JCI, Honeywell, Siemens, Schneider Electric, United Technologies Corporation (UTC), and Tyco.Pike Research’s analysis indicates that in the coming years these companies will be challenged by commercial property management firms, IT and business process outsourcing providers, and major building portfolio owners that will partner to provide complete building and energy management services.
Pike Research’s report, “Commercial Building Automation Systems”, analyzes the global market for commercial building automation and management systems including security and access, HVAC controls, fire and life safety, building management systems, and lighting controls.The study examines current market conditions along with an assessment of the competitive landscape and technology issues that will affect the adoption and success of these systems.Market forecasts through 2021 are provided for seven global regions and five key market segments.An Executive Summary of the report is available for free download on the firm’s website.
Pike Research is a market research and consulting firm that provides in-depth analysis of global clean technology markets.The company’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Grid, Smart Transportation, Smart Industry, and Smart Buildings sectors.For more information, visit www.pikeresearch.com or call +1-303-997-7609.