Tag: Guidehouse Insights

A new report from Guidehouse Insights examines the global market for building automation and controls in the ten-year period between 2022 and 2031.

This market has been evolving over the last decade as building owners and facility managers aim to reduce energy consumption by improving their building automation technologies and energy efficiency. According to a new report from Guidehouse Insights, the global revenue attributed to building automation systems in commercial buildings is expected to increase from $32.5 billion in 2022 to $48.2 billion in 2031 at a compound annual growth rate (CAGR) of 4.5%.

“Many building automation technologies—HVAC, lighting, fire and life safety, security, and access controls—and building management systems are key components of an autonomous building,” says David Gonzalez, research analyst with Guidehouse Insights. “The latest advances in building automation have enabled the process in which all of a building’s sensors, electronics, and mechanical systems are connected and managed through a single system that allows real-time communication between the building subsystems for better energy consumption coordination.”

The recent focus on occupancy safety and space utilization in commercial buildings has accelerated a shift toward smart integrated systems where communication among lighting, HVAC, and other subsystems is needed. Building automation technology vendors have been quick to adapt to their customers’ demands by providing smart systems with open communication protocols that can be easily integrated into third-party software and allow for easier communication with other subsystems, according to the report.

A bottom-up and top-down approach was used for development of this report, Market Data: Building Automation and Controls. The basis of the bottom-up analysis started with Guidehouse Insights’ Global Building Stock Database 3Q22. This data was combined with average selling prices per square foot for building automation controls, which were assembled during interviews with industry experts and research from online sources. The analysis was combined to calculate expected adoption curves by building type and by region. An executive summary of the report is available for free download on the Guidehouse Insights website.

A new report from Guidehouse Insights analyzes IT-based digital technologies, such as internet protocol (IP)-based BMS and sensor networks, that manage intelligent or smart buildings. Market estimates are broken down by region and segment, and extend through 2031.

According to the International Energy Agency (IEA), buildings account for half of electricity demand worldwide, and intelligent building design is important for energy reduction. Amidst the global effort for a sustainable climate, digital technology has taken a central role in designing sustainable buildings. According to a new report from Guidehouse Insights, the commercial digital building connectivity market is anticipated to grow to $16.4 billion in 2031 at a compound annual growth rate (CAGR) of 9.3%.

“Digitally enabled intelligent buildings can technologically support the comfort and safety of occupants,” says Young Hoon Kim, senior research analyst with Guidehouse Insights. “These intelligent buildings can also contribute to energy savings by leveraging digital technology, as many occupied buildings consume high amounts energy.”

Digital technologies, such as cloud computing and wireless connection, optimize building management systems’ (BMSs’) operation and connectivity while ensuring energy efficiency and occupant comfort in intelligent buildings. Emerging technologies, such as AI and wireless connection, have further driven the technological innovation of intelligent buildings. AI is beginning to converge with BMS, and innovative technology improves wireless networks’ reliability and scalability, according to the report.

The report, Digital Building Connectivityhttps://guidehouseinsights.com/reports/market-data-Smart-Streetlighting, analyzes IT-based digital technologies, such as IP-based BMS and sensor networks, that manage intelligent or smart buildings. The estimates are broken down by region and segment as follows: cloud BMS, non-cloud BMS, HVAC control components, HVAC control sensors, lighting control components, lighting control sensors, wired sensors, and wireless sensors. Estimates extend through 2031. An executive summary of the report is available for free download on the Guidehouse Insights website.