Building Automation and Control Systems Market Scope
Building automation and control systems are centralized, interlinked systems that consist of hardware and integrated software to monitor, control, and record the functions of building services systems in commercial, industrial, and institutional facilities. This reliable BACS maintains the building environment more efficiently and reduces the building's environmental impact and energy costs. The primary objective of building automation is to provide improved occupant comfort, reduction in energy consumption, reduced operating and maintaining costs, increased security, remote access, and improved life cycle of equipment and related utilities.
The Building Automation and Control Systems market study is segmented by Type (Hardware (HVAC Systems, Lighting Control Systems, Security and Surveillance, Others) and Software & Services), by Application (Residential, Commercial, Industrial and Institutional) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Building Automation and Control Systems market throughout the predicted period.
Honeywell International Inc. (United States), United Technology Corporation (United States), Cisco Systems (United States), Senseware, Inc. (United States), Hubbell Inc. (United States), ABB Ltd. (Switzerland), Robert Bosch (Germany), Johnson Controls (Ireland), Siemens (Germany) and Schneider Electric (France) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Control Solutions Inc. (United States), Ingersoll-Rand PLC (Ireland), Mitsubishi Electric Corporation (Japan), KMC Controls (United States) and Carrier (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Building Automation and Control Systems market by Type, Application and Region.
On the basis of geography, the market of Building Automation and Control Systems has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In August 2020, Johnson Controls has acquired Qolsys Inc., a leading residential and building automation solution and smart home developer. This acquisition is expected to enhance the long-term growth opportunities for broad cloud-enabled IoT fire safety solutions of the company.
In August 2020, Siemens, a German-based technology company, has launched Desigo PXC4 for HVAC plants and Desigo PXC5 for the function and integration of HVAC systems. These new generation building automation controllers help automate small and medium-sized buildings to get the most flexible and scalable building automation.
The American Society of Heating, Refrigerating and Air-conditioning Engineers (ASHRAE) developed the BACnet communication protocol that eventually became the industry open standard. and According to the EU Energy Performance of Buildings Directive (EPBD), building automation and control systems mandatory for tertiary buildings in Europe.
- Growing Trend towards Smarter and More Integrated, Software- And Data-Driven Buildings
- Wireless Technology to Replace Traditionally Wired BAS Infrastructure
- Growing Acceptance of the Cloud and software-as-a-Service (SaaS) Applications
- Rapid Penetration of IoT in Building Automation Systems
- Increase in Retrofitting Process for an Existing Structure
- Increased Productivity, Reduced Maintenance Costs, Increased Security, and Data Collection
- Increasing Growth to Develop Smart Building Equipped With the Cloud, Analytics, IP Connectivity
- Infrastructure Growth in the Emerging Economies Such as India, Poland, and China
- High Initial Set-up and Installation Cost Associated With the System
- Legacy Building Automation Systems That Provide Limited Information to the Building Manager
- Vendor Lock-in and Technology Obsolescence
Key Target Audience
Building Automation and Control Systems Providers, Real Estate Companies, Builders/Contractors, Business Houses and Agencies, Government and Public Organization, End-Use Industry and Others
Customization available in this Study:
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