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Building Automation Systems Market

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The Building Automation Systems Market in Asia Pacific is expected witness fastest growth. The growth is attributed to increasing economic growth in emerging economies such as China and India.
Building Automation Systems Market - Global Industry Insights, Trends,
Outlook, and Opportunity Analysis, 2018-2025
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.
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.
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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 labours are the
major factors expected to restrain growth of the building automation systems market.
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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:
●
●
●
●
●
●
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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apeksha motghare
apeksha motghare492   documents Email
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