One of the major factors driving the growth of the global building automation and control systems market is the growing demand of cost effective building automation system by consumers. Other factors such as increasing IOT market, growing construction industry especially developing countries are also expected to drive the growth of building automation system market.
The building automation system is a distributed control system designed especially to monitor and control the mechanical, security, fire, lighting, HVAC and, humidity control systems in an infrastructure.
The complete autonomous control of a building and its entire facility is the major purpose of building automation system. The building automation system is also referred as intelligent building, smart building, or a smart
The global building automation and control systems market is expected to grow at steady rate and post a CAGR of more than 9% during the coming years.
The growing trend of implementing stringent rules & regulations by government to increase energy efficient solutions in construction industry is expected to boost the market of building automation system in the coming period. Also, growing awareness about safety & security at workplaces, and increasing interest of consumers towards green & smart building is also fuelling the market growth of building automation system market.
The traditional method of construction consumes more than 50% of energy which also increases cost of maintenance. The building automation system is able to monitor and control various functions of an intelligent building thereby save energy and related cost.
Also, the increasing use of IP-based communication and automation technology is anticipated to further boost the development of building automation system market.
Global Building Automation System Market can be segmented into 3 types: Firstly, Segmentation by Network connectivity that is Wireless and wired network. Secondly, Segmentation by Product that is Light control systems, HVAC control systems, surveillance systems, fire protection systems, and, management software and lastly Segmentation by End-Users: Commercial, Industrial and residential.
Some of the key players in Global Building Automation System Market includes ABB Ltd. (Switzerland), Cisco Systems, Inc. (U.S.), Robert Bosch GmbH (Germany), Siemens AG (Germany), Crestron Electronics, Inc. (U.S.), Delta controls, Inc. (U.S.), Rockwell Automation (U.S.), Schneider electric SE (France), General electric (U.S.), Honeywell International Inc. (U.S.) and Lutron Electronics Co., Inc. (U.S.).
North America is expected to dominate the building automation system market during the coming years due to growing implementation of building automation system in U.S. construction industry. Also, changing regulatory policies, increasing energy cost is adding fruitful growth in the market.
Asia-Pacific is projected to be the fastest growing market in building automation system during coming years as the growth in construction industry and increasing demand of smart buildings among consumers is driving the growth of this market.