More Commercial Buildings Adopting Building Automation Systems
Building Automation Systems (BASs) are being adopted by commercial buildings at increasing rates, meaning that revenue is likely to reach more than $713 billion by 2023, Virtual Strategy Magazine reports.
A recent study by Navigant Research shows that BAS technology is being embraced more than ever by the commercial building sector. This is being driven by the needs of building owners and developers to "provide comfort for building occupants, optimise energy use, and comply with building energy codes," explains Navigant research analyst Benjamin Freas.
The trend is also due to advancements in BAS technology. For example, as unrelated BASs become more integrated with one another - from heating and air conditioning, to lighting and security - they are becoming more popular for commercial building use.
As well as this, the volumes of data that BASs are able to collect is proving to be an invaluable opportunity for some who wish to analyse and use this information. The fairly recent integration of smartphones, giving users even better control of their environments, also means that tenants and occupiers have greater expectations of the buildings that they live and work in.
The report, entitled 'Commercial Building Automation Systems,' looked at the global markets for commercial BASs and BMSs (building management systems), from now until 2023. As well as reviewing how key market drivers and technological advancements will affect adoption rates, it offered detailed profiles of influential players in the industry.
For more information, you can visit the Navigant Research website to access a copy of the report's Executive Summary.