Building Automation Systems Market By Latest Techniques

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The building automation system (BAS) is an interlinked intelligent system of both software and hardware combined. This system is used to monitor and control heating arrangement, venting and air conditioning system (HVAC), lighting, security, and other systems. The single platform is used to communicate in between all these services.Among all the segments, security & access controls holds the majority revenue share in the global building automation market. These solutions are safety-critical (e.g. fire or social alarm systems) and security-critical (e.g. intrusion alarm or access control systems) services.

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Market Overview

A building automation system (BAS) is an intelligent system comprised of software and hardware, connecting heating, lighting security, venting and air conditioning system (HVAC), and other systems to communicate on a single platform. Building automation systems are interlinked, centralized networks that can monitor and control the environment in commercial, industrial, and institutional facilities. The primary aim is to create an intelligent and efficient building and reduce energy and maintenance cost of the facility.

Market Dynamics- Drivers

Increasing demand for building automation system solutions, in order to reduce energy consumption is expected to drive growth of the global building automation systems market during the forecast period

According to the United Nations Environment Programme (UNEP), buildings such as residential, government, commercial, and others utilize around 40% of energy generated worldwide, while commercial and residential buildings utilize around 60% of the global electricity and uncontrolled building operations resulting unnecessary energy wastage of between 10% and 25%. In such cases, BAS help in reducing these numbers, which in turn, is expected to support the market growth.

Increasing security threat and growing demand for integrated security solutions are expected to propel the global building automation systems market growth over the forecast period

Increasing security concerns and rising demand for integrated security and monitoring solutions are expected to boost the global building automation systems market growth over the forecast period.

Detailed Segmentation:

• Global Building Automation Systems Market, By System:

  • Security & Surveillance

  • HVAC

  • Lighting Solutions

  • Building Energy Management

  • Others

• Global Building Automation Systems Market, By Application:

  • Commercial

  • Residential

  • Government

  • Others

Competitive Section

Key players operating in the global building automation systems market are Johnson Controls, Inc., United Technologies Corporation, Cisco Systems Inc., Honeywell International Inc., Legrand SA, Siemens AG, Schneider Electric SE, Ingersoll-Rand plc, Bosch Security Systems, Philips Lighting Holding B.V., General Electric Company, Lennox International Inc., and Rheem Manufacturing Company.

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