Commissioning Services Category Intelligence
Report Coverage
- Key global and regional suppliers
- Supplier profiles
- Project Delivery Methods: Commissioning Services
- Pricing Model: Industry Practices
Market Size
Market Size North America
$2.208 Bn
Market Size Europe
$1.15 Bn
Market Size Asia Pacific
$ 0.55 Bn
Market Size Latin America
$0.32 Bn
Commissioning Services Market Trends
Category Intelligence on Commissioning Services covers the following
- Information relating to market, supply, cost, and pricing analysis
- Hard to find data on cost and TCO models, supplier details, and performance benchmarks
- Macroeconomic and regional trends impacting cost, supply, and other market dynamics
- Category-specific negotiation and sourcing advice
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Industry Outlook & Drivers
Global Commissioning Service: Industry Outlook
- The global commissioning industry is projected to grow from $4.2 billion in 2018 to $4.2 billion in 2024. This increase is primarily driven by the greater emphasis on LEED-certification standards
- North America and Europe contribute to the largest share of commissioning services, making up approximately 80 percent of this spend
Developed Regions
- North America: Being the largest spend region for these services, the demand for these services is bound to be stable until 2020
- Western Europe: This region has a high focus on commissioning services similar to North America, and hence, the demand is slated to remain almost stable until 2020
Developing Regions
- APAC: The percentage contribution of APAC regions will slightly increase from 15 percent in 2016 to 17 percent in 2020, and this will be driven by the countries in the South East Asian region, namely, India, Australia, etc.
- LATAM: This region is facing a slow growth rate, which is expected to continue up to 2020. The region is facing a slow growth rate, which is expected to continue for the next three years. The Brazil's construction industry is shrinking, while Argentina and Mexico continue to be the bright spots with better growth rate
Commissioning Services Outlook
Drivers and Constraints
Drivers
- Green Building Certifications (LEED, ENERGY STAR, etc.): Green building certification standards have been the primary driver
- Commissioning Awareness: Both official real-estate investors and property managers are gradually incorporating commissioning and green building processes into their standard functional procedures
- Per capita income: Rising per capita income of buyers and the technological progressions in construction and designing technologies are considered as the vital drivers
- Training services for building commissioning will expand the commissioning workforce by 2020
Constraints
- Misaligned Fringe Benefits: Commissioning offers indirect benefits to those who are responsible for paying the commissioning outlays
- Commissioning Cost: Whole building commissioning can add between 2 percent and 6 percent to the mechanical and electrical construction expenses of a project
- Labor Issues: Lack of skilled labor has been an ongoing issue during the past few years, and this issue still persists. Problems of replacing retired commissioning engineers and still exist as well as increasing retirements in the next 5 – 10 years
