Projected Market Share Continues to Grow Through 2022
Atlanta, Ga. – Jan. 22, 2018 – A new market research study indicates BACnet’s global market share has continued to rise over the last five years and now exceeds 60%. The study, titled “Market Penetration of Communications Protocols” was conducted by BSRIA, a well-known provider of market intelligence in HVAC and Building Automation and Control (BACS). The five-year outlook projects continued growth in BACnet adoption with continual improvements to the standard and its integration with IT technologies, such as IPv6 and web services. The BSRIA study draws on data from annual BACS market studies conducted by BSRIA since 2012 coupled with additional primary research. The BSRIA study will be published in the first quarter of 2018.
BACnet International has developed a BACnet Global Adoption report for its corporate members drawing information from the BSRIA market study. The BACnet adoption report includes BACnet market share data specific to various countries and regions of the world, as well as projected BACnet adoption rates through 2022. The report also includes information on the fraction of project specifications that require BACnet in various countries and regions of the world.
“BACnet adoption has been driven by the powerful benefits it provides to both users and suppliers.” stated Andy McMillan, president & managing director of BACnet International. “People in the building automation industry are well aware of the broad adoption of BACnet but there has not been much quantitative data available. The BACnet Adoption report fills that gap.”
BACnet International corporate members may obtain the BACnet Adoption study as part of their membership benefits by contacting the BACnet International office.
The BSRIA “Market Penetration of Communications Protocols” covers BACnet and other building automation communications protocols. When published, the study will be available from BSRIA at www.bsria.com.
About BACnet International
BACnet International is an industry association that facilitates the successful use of the BACnet protocol in building automation and control systems through interoperability testing, educational programs and promotional activities. BACnet International oversees operation of the BACnet Testing Labs (BTL) and maintains a global listing of tested products. The BACnet standard was developed by the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) and has been made publicly available so that manufacturers can create interoperable systems of products. BACnet International complements the work of the ASHRAE standards committee and BACnet-related interest groups around the world. BACnet International members include building owners, consulting engineers and facility managers, as well as companies involved in the design, manufacturing, installation, commissioning and maintenance of control equipment that uses BACnet for communication.