Global revenue for commercial BASs is expected to grow from £39.3 billion annually in 2013 to £57 billion in 2023, according to a new report.
Benjamin Freas, research analyst with Navigant Research, who provided the report, said: “Although the market for commercial BASs is mature, it is not stagnant.
While the global outlook for economic growth, and thus for new construction activity, remains weak and uneven, increased adoption and building retrofits focused on improving energy efficiency and increasing occupant comfort are expected to provide the BAS market with relatively strong growth.”
A key driver in this sector, according to the report, is the evolution of energy efficient lighting, specifically the adoption of LED technology, which is opening new opportunities for advanced networked lighting controls.
Building owners and managers, many of whom have become accustomed to the idea of centrally monitoring and managing their HVAC systems, are beginning to expect the same level of control from their lighting systems.