Market Scenario
The building automation system is a distributed control system designed especially to monitor & 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. It supports maintaining the building climate, light rooms, monitor performance & device failures and provides malfunction alarms. The building automation system is also referred as intelligent building, smart building, or a smart home. 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.
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The growing demand of cost effective building automation system by consumers is one of the major factor driving the growth of the market. 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. However, technical limitation and lack of skilled expertise is expected to hamper the growth of building automation system market during forecast period 2016-2022.
Globally the Building Automation System Market is expected to grow at the rate of more than ~13% from 2016 to 2022.
Key Players:
Some of the major 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.), Lutron Electronics Co., Inc. (U.S.) and others.
Segments for Building Automation System Market:
- Network connectivity: Wired and Wireless network.
- Product: HVAC control systems, Light control systems, fire protection systems, surveillance systems, and, management software.
- End-Users: Commercial, Industrial and residential.
Regional Analysis of Building Automation System Market:
Geographically, the report is differentiated in regions such as North America, Europe, Asia Pacific, and Middle East and Africa.
North America is expected to lead the market with the U.S. to be the largest due to enlarging adoption of building automation system. Europe is expected to be the second largest market which is expected to be led by Germany and France. However the Scandinavian region countries are expected to be the fastest growing market in European region. Asia-Pacific is anticipated to be the fastest growing building automation system market over the forecast period. Japan is expected to be the largest market in the Asia Pacific region, while China is expected to be the fastest growing market. South Korea and India are other regions of high growth.
The development of a large industrial base in China and India and the growing cost of noncompliance of building regulations and workplace hazards in these industries are expected to be a strong driver of the market.
The Middle East and Africa market for is expected to be led by the Gulf. The Gulf economies such as Abu Dhabi, Dubai, Saudi Arabia and others are expected to be very rich markets due to their high revenues and per capita income and their service led economies. The African market is expected to yield moderate growth due to lack of urbanization and poor socio-economic conditions.
Key trends and developments
- Growing cloud interfaces – the advantages of cloud such as no need of installation and maintenance, remote access through connected device is expected to be the chief driver.
- Big data and machine learning – big data provides insights from a larger sample which can then be fed to machine learning algorithms to find patterns and commonalities. Thus it is expected that big data will provide more analytical power resulting in greater efficient operations. For example, music optimized to the liking of the crowd can be played by using data from previous and current interest of the customers of a mall. In fact Pandora music streaming application makes automated recommendations based on the music listener’s likes and interests.
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Target Audience:
- OEMs
- Network service providers
- Real estate
- Software vendors
- Suppliers & distributors
- Research & consultancy
- End-users
- Technology providers
- Cloud and network service providers
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