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US Smart Connected HVAC in commercial buildings soars according to 2017 studyAugust 2017


Henry Lawson, Senior Market Research Consultant, WMI, BSRIA
Smart Connected HVAC is one of the latest trends that is revolutionising the world of commercial buildings in the US and has the potential to do the same elsewhere.

Driven by the need to improve HVAC performance and reliability, cutting downtime while reducing maintenance costs, the US market for Smart Connected HVAC is currently growing at a CAGR of over 25 per cent and is forecast to reach US$ 1.8 billion by 2021. The majority of this value is accounted for by maintenance and managed services according to the latest BSRIA market intelligence study.

Smart Connected HVAC is a solution where HVAC equipment can be accessed and controlled remotely, either via the local area network or via the Cloud. It can provide information on the performance and the state of the HVAC equipment, both for real time monitoring / alerts and for analysis, to identify and ideally to pre-empt problems and to optimise performance.

The strongest demand is to be found in buildings of under 50,000 square feet. Vertical markets where the solution is most sought after are led by retail – especially for chains with multiple buildings, offices, hotels and catering and banking.

The majority of the value is derived from packaged rooftops, though there is also a significant market for chiller systems and AHUs. The market is currently dominated by established suppliers of Building Automation and Control Systems and of HVAC, but a significant number of new suppliers are entering the market, including those from outside the USA.


main business of suppliers (click image to zoom)
Henry Lawson, Senior Market Research Consultant, Worldwide Market Intelligence, BSRIA, said:

“BSRIA has been struck by the recent maelstrom of activity in this sector. Accordingly, this study provides a comprehensive analysis of the US market for Smart Connected HVAC, which is rapidly becoming a cost-effective alternative to full-scale Building Automation and Controls (BACS) especially but not only for smaller buildings. The solution enables service managers to monitor and optimise the performance HVAC and in some cases to predict and prevent failures, reducing both maintenance costs and downtime.

Ergo, this service is particularly attractive to organisations managing a ‘portfolio’ of small buildings in different locations, where HVAC outages will impact on their operation and where maintenance costs are a challenge. This fairly new value proposition is part of an IoT revolution which will potentially transform the current building services model.”


USA Smart Connected HVAC market size 2014 - 2021 (click image to zoom)
Why you need this report? The report answers such key questions as:

  • What is Smart Connected HVAC, and how does it relate to Building Automatic (BACS) and Building Energy Management (BEMS) and other alternatives?
  • How large is the market, how is it split between products and services, how fast is it growing, and what is the forecast to 2021?
  • What are the main drivers and barriers to growth? What is the impact of the IoT and cybersecurity?

Who needs this study? Those responsible for:

  • Manufacturing HVAC solutions for the non-residential sector.
  • Manufacturing smart building solutions, including building automation.
  • Providing services to maintain and optimise non-residential buildings.
  • Decision makers at enterprise level: CEO, CMO, COO, CTO.

US Smart Connected HVAC in Commercial Buildings Study 2017 report published in July 2017 is available in combination with the purchase of additional BSRIA studies.

  • EMEA sales enquiries contact: BSRIA UK: wmi@bsria.co.uk ¦ +44 (0) 1344 465 540
  • America sales enquiries contact: BSRIA USA: sales@bsria.com ¦ +1 312 753 6800
  • China sales enquiries contact: BSRIA China: bsria@bsria.com.cn ¦ +86 10 6465 7707

 

BSRIA's Worldwide Market Intelligence division is a leading provider of a regularly released authoritative portfolio of published market reports and hot topics, in addition to bespoke studies and management consultancy. A wide range of off-the-shelf solutions includes: HVAC, energy service and smart homes, renewable technology, refrigeration, structured cabling, lighting, security, fire detection and building controls.

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