United States/WA: The global building automation systems market was valued US$ 69.64 Bn in 2019 and expected to reach US$ 153.43 Bn by 2027.

Report Pages:[130 Pages]

The Competitive Area of the Building Automation Systems Market is Defined by Key Players Like:- 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

Building Automation Systems are systems that can make buildings more efficient and safe by automating many processes involved in daily operations inside the buildings. Building automation helps manage and sustain the daily operations inside the buildings. The construction and real estate sector is increasingly adopting building automation systems, typically to enhance control of building’s various systems such as electrical, heating and cooling (HVAC), security, and more. As a matter of fact, these control systems vary as per the nature of the building. According to the India Brand Equity Foundation (IBEF), India is expected to become the world’s third-largest construction market by 2022. According to the same source, India plans to spend around US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP) from 2019 to 2023. Hence, these factors can accelerate the growth of the building automation systems market.

When it comes to geographical footprint, North America seems to be exhibiting higher traction in the building automation systems market as compared to other regions. This is due to the early adoption of advanced technologies and the presence of robust infrastructure to accommodate these types of technologies. On the contrary, Asia Pacific seems to be showing a positive outlook due to the rapid growth of the construction sector. Recently, in December 2020, Johnson Controls, a provider of building solutions, launched its latest version of the Metasys Building Automation System (BAS) the Metasys 11.0

Building Automation Systems includes Building Monitoring Equipment, distributed control software, and building automation networks. Building monitoring equipment monitors the conditions of buildings and their occupants. Despite these advantageous factors, there are several challenges that can still limit the future development of the market. For instance, there is a dearth of skilled personnel to operate these systems with various technical difficulties. Besides, the presence of different communication protocols can impede growth of the building automation systems market.

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Building automation systems integration is vital for efficient operation. Furthermore, these integrated systems can help in reducing construction costs. Building managers can install the systems free of charge and make savings on the energy use. Many real estate developers are proactively adopting automated security systems in buildings. With building automation systems, controlling and monitoring security system has become far more efficient and sophisticated. These security systems can be adopted in different types of buildings such as hospitals, banks, universities, and government facilities. Besides, BAS can aid in reducing cyber and operational risks, which can augment growth of the building automation systems market.

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

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