MRO Magazine

The Market for Advanced Sensors in Intelligent Buildings is Expected to Exceed $1 Billion in 2016, According to Navigant Research


January 27, 2016
By Business Wire News

BOULDER, Colo.

A new report from Navigant Research examines the market for advanced sensors in six key segments, with global market forecasts for revenue and shipments, broken out by segment, customer sector, and region, through 2025.

By providing data that can improve building performance, advanced sensors play a critical role in transforming regular facilities into intelligent buildings. These devices, which are growing in popularity, can strengthen the operations of specific building systems, such as lighting and heating, ventilating, and air conditioning (HVAC), but also support more comprehensive business and financial strategies. Click to tweet: According to a new report from Navigant Research, global advanced sensor revenue is expected to grow from $1.2 billion in 2016 to $3.2 billion in 2025.

“Advanced sensors are the critical data streams to intelligent building management systems that generate actionable insight for operational and energy efficiency,” says Casey Talon, senior research analyst with Navigant Research. “These devices help transform how commercial facilities are managed and can also increase energy efficiency, operational efficiency, occupant satisfaction, safety, and more.”

According to the report, the facilities industry is undergoing a dramatic transformation. Factors, including an aging workforce, changing expectations from tenants and employees, and new pressures on sustainability and efficiency are opening the door to intelligent building solutions, particularly advanced sensors, which are considered a key enabling device for this evolution.

The report, Advanced Sensors for Intelligent Buildings, analyzes the global market for advanced sensors in six key segments: occupancy, photo, CO2, humidity, temperature, and multifunctional sensors. The study provides an analysis of the market issues, including business cases, opportunities, and implementation challenges, associated with advanced sensors. Global market forecasts for revenue and shipments, broken out by segment, customer sector, and region, extend through 2025. The report also examines the key technologies related to the broader intelligent buildings market, as well as the competitive landscape. An Executive Summary of the report is available for free download on the Navigant Research website.

About Navigant Research

Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.

About Navigant

Navigant, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on industries and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services sectors. Across our range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.

* The information contained in this press release concerning the report, Advanced Sensors for Intelligent 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.

Navigant Research
Lindsay Lorenz, +1-303-493-5477
lindsay.lorenz@navigant.com
or
Megan Maupin, +1-312-583-5703
megan.maupin@navigant.com