Comissioning Services Navigant Energy Manage

Building Commissioning Services to Generate $6.6 Billion Annually by 2024

Comissioning Services Navigant Energy ManageThe global market for building optimization and commissioning services is expected grow from $3.1 billion annually in 2015 to nearly $6.6 billion in 2024, according to a new report from Navigant Research.

The report, Building Optimization and Commissioning Services, addresses three types of commissioning:

  1. Initial commissioning: A one-time process that applies primarily to a building’s initial design and construction phases and ensures the building systems perform as expected.
  2. Retrocommissioning: Optimizing HVAC, lighting and other mechanical or electrical systems in an existing building to tune the building’s systems to new setpoints based on its actual operations and to identify potential capital investments to improve the efficiency of the systems that are in place.
  3. Monitoring-based commissioning: Tracking data on energy and operation of building systems to ensure performance goals are being met, to detect and diagnose potential equipment failures, and to enable continuous improvement of building systems.

Global revenue for building optimization and commissioning services is expected to grow at a compound annual growth rate (CAGR) of 9.1 percent from 2014 to 2024, driven by increased energy efficiency measures and the growth of green building certifications. Initial commissioning is currently the largest portion of the market athough further growth in this segment will be constrained in North America and Western Europe, where strong adoption has already been established.

Retrocommissioning has a large market potential over the forecast period since nearly every existing building can benefit to some extent from retrocommissioning. Regulatory requirements for retrocommissioning  are also likely to expand the market.

Currently a niche market, monitoring-based commissioning is the smallest segment of the commissioning market. Increases in the functionality of building automation systems (BASs) and growing adoption of building energy management systems (BEMSs) will enable a larger share of the building landscape to employ monitoring-based commissioning. By 2024, revenue from monitoring-based commissioning is expected to exceed $1 billion.

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