April 9, 2015
Monitoring-based commissioning is expected to appear in many new buildings over the next 10 years, report finds
A new report from Navigant Research examines the global market for building optimization and commissioning services, including global market forecasts, segmented by service type, building type, and region, through 2024.
A valuable tool to ensure operational and energy efficiency, building optimization and commissioning services originated in the United States and United Kingdom in the 1960s and 1970s, as a quality assurance measure for new buildings. In recent years commissioning has experienced rapid growth through the spread of green building certification programs. Click to tweet: According to a new report from Navigant Research, global revenue for building commissioning services is expected to grow from $3.1 billion annually in 2015 to nearly $6.6 billion in 2024.
“Advanced energy management technology can achieve greater levels of energy efficiency only if these solutions operate properly,” says Benjamin Freas, senior research analyst with Navigant Research. “The savings building owners have achieved through the commissioning process is driving demand for these services even as new policies and regulations that require commissioning of new construction and existing buildings reinforces this growth.”
There are three main categories of building commissioning, according to the report: one-time, initial commissioning; retrocommissioning (which tunes an existing building’s systems based on actual operations); and monitoring-based commissioning, which tracks data on energy and operation of building systems to ensure that performance goals are being met. While all three forms remain relatively rare today, monitoring-based commissioning is expected to become a feature in many new buildings over the next 10 years, the report finds.
The report, Building Optimization and Commissioning Services, examines the global market for building optimization and commissioning services, including initial commissioning, retrocommissioning, and monitoring-based commissioning. It explores the market drivers and barriers related to optimization and commissioning services in detail, along with global demand-side dynamics. Global market forecasts, segmented by service type, building type, and region, extend through 2024. The report also analyzes future technology trends in commissioning services and profiles the key industry players. An Executive Summary of the report is available for free download on the Navigant Research website.
Contact: Richard Martin
* The information contained in this press release concerning the report, Building Optimization and Commissioning Services, is a summary and reflects Navigant 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 Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.