Wireless Control Systems for Smart Buildings are Expected to Reach $434 Million in Annual Revenue by 2023

November 12, 2014

The convergence of building automation, information technology, and wireless communications is driving growth in this market, report concludes

A recent report from Navigant Research examines the state of the global wireless building controls industry, including global market forecasts for wireless node unit shipments and revenue through 2023.

Wireless controls can be used to link devices found in a variety of building systems, including heating, ventilating, and air conditioning (HVAC), lighting, fire and life safety, and security and access.  In addition, they often provide networked control in buildings or areas where wired controls are simply too challenging or expensive to install.  Click to tweet: According to a recent report from Navigant Research, worldwide revenue from wireless control systems for smart buildings is expected to grow from $97 million annually in 2014 to $434 million in 2023.

“Although wireless controls are generally more expensive than their wired counterparts, that price gap is eroding quickly,” says Benjamin Freas, research analyst with Navigant Research.  “Wireless controls also provide greater flexibility than wired ones, particularly the ability to install sensors and devices in buildings that cannot easily be torn apart to put in wiring, making wireless systems ideal for retrofit projects in existing buildings.”

While the adoption and deployment of wireless systems based on standard technologies and protocols, such as Wi-Fi, Zigbee, and EnOcean, are increasing, most wireless devices and control networks being used today utilize proprietary, vendor-specific wireless communications technology.  That is likely to change, according to the report, as the demand for interoperability grows.

The report, “Wireless Control Systems for Smart Buildings”, examines the state of the global wireless building controls industry with a focus on commercial buildings and four system types: heating/ventilation/air conditioning, lighting, fire and life safety, and security and access.  The report provides an analysis of the market drivers and opportunities, as well as technical challenges, related to wireless building controls.  Global market forecasts for wireless node unit shipments and revenue, broken out by region, wireless technology, system, and device, extend through 2023.  The report also examines the development of both propriety and standards-based wireless technologies and provides profiles of key industry players, including lighting controls vendors, wireless controls solutions providers, and enabling technology suppliers.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Wireless Control Systems for Smart Buildings,” 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.

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