|[November 01, 2012]
Building Commissioning Services Will Reach $4.4 Billion in Market Value by 2020, Forecasts Pike Research
BOULDER, Colo. --(Business Wire)--
Building commissioning services - which ensure that a commercial
building's equipment and control systems are performing as designed and
that there are procedures in place to maintain high performance over
time - have been offered for decades. Today, a surge in growth in
energy-efficient building design, along with the increased complexity of
construction projects, is accelerating demand for these services, which
include not only initial building commissioning, but also
recommissioning, retrocommissioning, and continuous commissioning.
According to a new report from Pike
Research, a part of Navigant's Energy Practice, the annual market
value of these services will double over the next eight years, growing
from $2.2 billion worldwide in 2012 to $4.4 billion in 2020.
"Commissioning helps building owners achieve the full value of their
investments in energy efficiency and green building technology," says
senior research analyst Eric Bloom. "Over time, software-as-a-service
models that offer continuous commissioning will become a more attractive
delivery model, ensuring that green buildings maintain top performance
well into the future."
Continuous commissioning, which monitors and provides fault detection
and diagnosis within a portfolio of buildings, is transforming the
hands-on commissioning business model into a software-based service,
according to the report. The advent of IT developers and systems
integrators with cloud-based continuous commissioning capabilities has
added new competitors to the traditional players in the industry. By
2020, continuous commissioning will still represent only about five
percent of the total worldwide market, in terms of revnue, but
continuous commissioning services will grow at a significantly faster
rate than other forms of commissioning.
The report, "Building
Optimization and Commissioning Services", examines the worldwide
market for building commission services, including initial
commissioning, recommissioning, retrocommissioning, and continuous
commissioning. Market drivers and barriers are explored in detail, along
with global demand-side dynamics. The report analyzes future technology
trends in continuous commissioning and profiles 22 key industry players.
Market forecasts, segmented by region and by type of commissioning, are
provided through 2020. An Executive Summary of the report is available
for free download on the Pike
About Pike Research (News - Alert)
Pike Research, which joined Navigant's global Energy Practice on July 1,
2012, provides in-depth analysis of global clean technology markets. The
team'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. Additional information about Pike Research can be found at www.navigant.com/pikeresearch.
Navigant (NYSE: NCI) is a specialized, global expert services firm
dedicated to assisting clients in creating and protecting value in the
face of critical business risks and opportunities. Through senior level
engagement with clients, Navigant professionals combine technical
expertise in Disputes and Investigations, Economics, Financial Advisory
and Management Consulting, with business pragmatism in the highly
regulated Construction, Energy, Financial Services and Healthcare
industries to support clients in addressing their most critical business
needs. More information about Navigant can be found at www.navigant.com.
* The information contained in this press release concerning the
report, "Building Optimization and Commissioning Services," is a
summary and reflects Pike Research's current expectations based on
market data and trend analysis. Market predictions and expectations are
inherently uncertain and actual results may differ materially from those
contained in this press release or the report. Please refer to the full
report for a complete understanding of the assumptions underlying the
report's conclusions and the methodologies used to create the report.
Neither Pike Research nor Navigant undertakes any obligation to update
any of the information contained in this press release or the report.
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