Navigant: Intelligent buildings market expected to grow to $582B in 2027

Wednesday July 18, 2018 0 comments Tags: Boulder, Navigant Research, intelligent buildings, Tom Machinchick

BOULDER -- Total global revenue for emerging business models reshaping the intelligent buildings market is expected to grow to $582 billion in 2027, according to a new report from Navigant Research.

The report examines the market for emerging business models for intelligent buildings, providing global market forecasts, segmented by business model type, building type and region, through 2027.NavigantNEWlogoUSE

Navigant said digitization and analytics have accelerated the evolution of the commercial buildings technologies market. Meanwhile, modern HVAC and building control systems are providing the foundational equipment for the intelligent buildings market with advanced digital technologies and other smart systems. 

“Vendors in the intelligent buildings market are developing business models to grow the market -- and their market share -- with new value-added services, end-to-end solution offerings, and strategic partnerships,” said Tom Machinchick, Navigant principal research analyst.

“Customers are also playing a role in this market evolution with increased expectations for products and services that add value across the organization, and vendors are responding with diverse solutions that go beyond energy-related benefits to include individualized occupant comfort solutions, enterprise-level business metrics, indoor way-finding, integrated security solutions, and other services.”

According to the report, partnering strategies are key to expanding the offerings in the commercial intelligent buildings market, because no one vendor has all the capabilities to develop a complete end-to-end solution.

Strategic partnerships will empower smaller vendors to enter these markets, leveraging their niche knowledge to amplify existing skill sets and round out a more complete solution, Navigant said.

The report, Emerging Business Models for Intelligent Buildings, examines the opportunities afforded by four business models in the commercial building technologies and intelligent buildings markets, as well as how these fit into scenarios for the emerging Energy Cloud.

The study explores the market issues, including the evolution of product-oriented, subscription-based, solutions provider, and network-based business models.

The report also examines the key enabling technologies, future business model opportunities, and ecosystem of value chain stakeholders in the commercial building technologies and intelligent buildings markets.

An Executive Summary of the report is available for free download on the Navigant Research website.