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Building Commissioning Services Will Reach $4.4 Billion in Market Value by 2020

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 5 percent of the total worldwide market, in terms of revenue, 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 Research website.

Contact: Richard Martin

+1.303.997.7609

richard.martin@navigant.com
Source pikeresearch.com

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