The building automation system market was USD 54.81 billion in 2016 and is to reach USD 100.60 billion by 2022 at a CAGR of 10.65% during the period. Commercial buildings sector holds major share in building automation system market. Building Automation system (BAS) is a process of automatically controlling building's heating, ventilation and air conditioning, lighting and other systems. Advantages of building automation system include improved occupant comfort, efficient operation of building systems, reduction in energy consumption and operating costs and improve life cycle of utilities.
BAS is also used to enhance the security and safety in buildings. A building with BAS installation is usually called as Smart Building or Intelligent Building.BAS uses analog and digital inputs and outputs. Analog inputs are used to read variable measurement whereas a digital input is used to determine if a device is turned on or off. Analog outputs are used to control automated system devices speed whereas digital outputs are used to open and close relays and switches.
North America currently holds major share in global building automation system followed by Europe and Asia Pacific. APAC is expected to show rapid growth rate due to increasing construction of buildings coupled with government initiatives.
Growing demand for comfort, customization, maintenance, support, reliability, safety, security, high energy efficiency, growing innovations in the wireless communication technologies and advances in Internet of Things(IoT) are boosting the growth of building automation system market globally. High implementation cost, macroeconomic slowdown and lack of legislative support are some of the constraints restraining growth in this industry.
Global Building Automation market is highly fragmented with the presence of major and local players. There is an increased adoption of wireless building automation and control system due to growing demand for comfort, security and improving living standards.
Key Topics Covered:
1. Research Methodology
2. Executive Summary
3. Market Overview
Value chain analysis
Porter's 5 Forces
4. Market Dynamics
5. Global Building Automation market Segmentation, Forecasts and Trends - By Revenue