Building Automation Systems Market - Global Trends, Outlook, and Opportunity Analysis, 2018-2026
Building automation system (BAS), is a
computer-based control system installed in buildings to
control and monitor the building's mechanical and
electrical equipment such as ventilation, lighting, power systems,
fire systems, and security systems.
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The main functionality of a building automation
system is to maintain optimal temperature and humidity of the
building. For example, the humidity should be maintained in range of
0-30% when the day temperature is in the range of 22-30ºC and night
temperature ranges from 20ºC to 27ºC. Buildings that adhere to this
range of humidity in relation to temperature are said to be in the
comfort zone. This system also provides lighting in rooms as per an
occupancy schedule, monitors performance and alerts the building
maintenance staff about device failures in these systems.
Major factor driving growth of the global building
automation system market is increasing integration of IoT (Internet
of Things) in building automation systems. IoT enables integration of
devices in a building, further converting all the information
gathered by these devices into big data that can be stored,
analyzed, and used to manage the building through its BAS. IoT uses
one common Internet Protocol (IP) platform to connect all the sensors
and devices in a building to exchange and analyze information and
optimize controls automatically. According to the Coherent Market
Insights’ analysis, 1,073.6 units IoT devices were installed in
smart homes and1,063 units installed in smart commercial buildings in
2017.
However, high installation cost of automated
systems and lack of skilled labors are the major factors expected to
restrain growth of the building automation systems market.
Global Building Automation Systems Market:
Taxonomy
On basis of service type, the building automation
systems market is segmented into:
-
Professional Services
-
Managed Services
On basis of application the building automation
systems market is segmented into:
-
Commercial
-
Industrial
On basis of technology the building automation
systems market is segmented into:
-
Wireless
-
Wired
On basis of geography the building automation
systems market is segmented into:
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North America
-
Europe
-
Asia Pacific
-
Latin America
-
Middle East
-
Africa
Global Building Automation Systems Market:
Regional Insights
The market for building automation system in Asia
Pacific is expected witness fastest growth. The growth is attributed
to increasing economic growth in emerging economies such as China and
India. Increasing economic growth tends to increase the growth of
construction industry, for instance, according to the Department of
Industrial Policy and Promotion (DIPP), India received US$ 24.7
billion of Foreign Direct Investment (FDI) in construction
development sectors for housing, built up infrastructure and
construction development from April 2000 to September 2017.
Additionally according to the Smart Cities Mission Project offered by
Government of India, 90 smart cities are been proposed with project
investments of US$ 30.02 billion , which is expected to positively
influence the growth of regional building automation market.
Global Building Automation Systems Market:
Competitive Background
Major players operating in the building automation
system market include Automated Logic Corporation, AT&T Inc.,
Honeywell International Inc., Johnson Controls International Plc.,
Schneider Electric SE, Hubbell Inc., ABB Ltd., Beckhoff Automation
GmbH & Co. KG, Ingersoll-Rand Plc, Bosch Sicherheitssysteme GmbH,
and Siemens AG.
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