It is an automatic centralized control of a building's air conditioning, heating, lighting ventilation and other systems via building automation system. The mail function of this type of infrastructure is to increase system efficiency, enhance safety and reduce costs.
Building automation system market is expected to show signs of growth in the coming years owing to the increasing adoption of automated security system, increasing development of wireless sensor technology for building automation system and increasing penetration of internet of things in building automation systems are some of the drivers stimulating market growth. The building automation coupled with IoT has also enabled the exchange of data between numerous electronic devices without any human intervention in between. These factors have also stimulated the growth of BAS market. The BAS helps homeowners and building operators to constantly analyze and monitor the amount of energy consumed by the building. It not only provides consumption or energy drifts information to its owners / operators but also provides data and information on how to save energy. With the arrival of automation technology the automation system manufacturers are aiming on developing user friendly software for management of energy consumption, thus propelling market growth of BAS market in the long run. However, lack of skilled workforce, false belief about installation cost along with technical difficulties has been a major restraints factors faced by the companies in BAS market.
On the basis of application building automation system market is divided into residential, commercial and industrial. The industrial includes production plants, factories, warehouses, distribution facilities that support production and manufacturing functions. This industrial segment is also anticipated to embrace smart building solutions to attain cost and energy saving, enhanced productivity, optimized surveillance and improved access and identity management. The industrial and manufacturing buildings have different set of requirement for storage and manufacturing purposes and are equipped with upgraded technologies. Air-conditioners, lifts and controlled ventilation systems are part of these systems and contributes and consume a lot of energy .Drop in energy consumption expenditure is an important aspect for manufacturing and industrial facilities as it contributes to the capital and operational expenditure of the company thus affecting company’s opportunity cost.
Global building automation system market is segmented on the basis of region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific is anticipated to have growth in building automation system market attributed to the fast pace growth of the construction industry in developing countries such as China and India along with the government initiatives taken towards energy conservation have supported the growth of the building automation system market in APAC. Countries such as India and China have started projects for smart cities.
Major players of building automation system market include ABB, Hubbell, Robert Bosch, Legrand, Schneider Electric, United Technologies Corp., Johnson Controls International, Honeywell International, Siemens AG and Ingersoll-Rand among others.
The report segments the building automation system market is as follows:
Global Building Automation System Market: By Offering Analysis
Global Building Automation System Market: By Communication Technology Analysis
Global Building Automation System Market: By Application Analysis
Global Building Automation System Market: By Region Analysis